Pune, India -- (SBWIRE) -- 03/30/2018 -- Global Smart Coatings Market is expected to reach USD 12.08 billion by 2025, from USD 2.17 billion in 2017, growing at a CAGR of 23.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Global Smart Coatings Market, By Layer (Multi-Layer, Single-Layer), By Function (Anti-Microbial, Anti-Corrosion, Anti-Fouling, Anti-Icing and Others), By Product (pH, Ionic Strength and Others), By End-Use Industry (Medical Fields and Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025.

Major Market Competitors/Players:

Some of the major players operating in the global smart coatings market are 3M, PPG Protective & Marine Coatings, BASF, Inducoat, Dow Corning, Royal DSM, NEI Corporation, Autonomic Materials, Battelle, Covestro, Oceanit, SLIPS Technologies, Suprapolix BV, Tesla Nanocoatings, Balcony Systems Solutions Ltd, Nanoshell, Cima Nano tech., New Energy technologies, Ancatt Inc., Research Frontiers, Inc., Debiotech SA., Akzonobel, Axalta Coating Systems, Hempel, Jotun, Sherwin-Williams, Tesla Nanocoatings, Royal Dsm, Greenkote, CG2 Nanocoatings, Helicity Technologies among others.

Competitive Analysis:

The global smart coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart coatings for global, Europe, North America, Asia Pacific and South America.

Major Market Drivers and Restraints:

Multiple superior properties which are applicable in various applications
Increasing demand for smart coating from end users
High demand in the aerospace industry
Growing demand for customization in sensing and repair abilities
Environmental Regulations
Low durability and dispersion
High cost and scalability

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Market Segmentation:

The global smart coatings market is segmented on the basis of layer, function, product type and end user.

The global smart coatings market is segmented on the basis of layer into multi-layer and single layer.

The global smart coatings market is segmented on the basis of function into anti-microbial, anti-corrosion, anti-fouling, anti-icing, self-cleaning, self-healing, electrochromic coatings, thermochromic coatings, hydrophobic coatings, hydrophilic coatings, super hydrophobic coatings and oleophobic & omniphobic coatings others.

The global smart coatings market is segmented on the basis of product type into pH, ionic strength, temperature, pressure, surface tension, electric or magnetic fields, light, acoustics and mechanical forces.

The global smart coatings market is segmented on the basis of end user into medical fields, military applications, it technologies, aerospace, food &packaging, agriculture, automotive, architectural, industrial, household, cosmetic & personal care and apparel.

Based on geography, the global smart coatings market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Market Definition:

This market report defines the market trends and forecast the upcoming opportunities and threats of the smart coatings market in the next 8 years. Coating is the process that protects the surface of any material from the conservational elements. Materials which have the capabilities to change their properties according to external environmental factors such as temperature, electric field and others are referred as smart coating materials. Smart coatings are specially designed films which sense and respond to environmental, mechanical, chemical, and physical properties such as light, pressure, or electric current. Smart coating is gaining momentum nowadays as many players are enhancing their product portfolio in order to expand their product reach at the global level. For instance, AnCatt has recently developed environmentally friendly anti-corrosion coating platform, which has cost effective, lightweight and self-healing properties. New energy technology is developing the first-of-its kind SolarWindow technology, which enables see-through windows to generate electricity by 'spraying' their glass surfaces with New Energy's electricity- generating coating. Cima Nano Tech introduced ultra-low resistance SANTE EMI shielding film for lightweight, transparent, and thinner EMI shielding. Such developments and innovations in the market are significantly affecting the global smart coatings market. As per the report in AzoNano, the total cost for U.S. Department of Defense corrosion-related problems is at USD 10.0 billion per year in which USD 2.0 billion is related to painting and paint-scraping operations which surges the opportunity for the smart coatings.

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Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters and Investors among others.

Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

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