Pune, India -- (SBWire) -- 05/16/2018 --Market Highlights

The Smart Coating Market is expected to witness rapid growth, owing to the rising demand from end-user industries such as automotive, military and healthcare. The properties of Smart Coatings such as self-healing, self-cleaning and anti-microbial are also contributing to the growth of Smart Coating Market by making it useful for various end users. Smart Coatings have the ability to replace the traditional anti-corrosion, anti-fouling and other industrial protective coatings. The have the ability to reduce the maintenance cost and downtime for vehicles, buildings and other industrial machinery.

Smart Coating Market- Competitive Landscape

The Global Smart Coating Market has observed a significant growth and their demand is increasing in the major industries. The major players in the market have adopted responsive coatings in order to impart the anti-microbial, corrosion resistance and cleansing properties to the product. 3M Akzo Nobel N.V., Ancatt Inc., Autonomic Materials, Inc, Axalta Coating Systems, LLC, BASF SE, The Dow Chemical Company, Dow Corning Corporation, DuPont, and PPG Industries, Inc are the major players functioning in the market. These companies are focusing on creating new strategies, development, mergers and acquisitions in cementing their positions in the Smart Coating Market.

Moreover, the key trends and factors witnessed in the market are growing replacement of synthetic materials by responsive coatings in order to impart the responsive and stimulus nature to the product.

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Industry/ Innovation/ Related News:

September 26, 2016- An antimicrobial admixture for concrete protection- MasterLife AMA 100 was launched by BASF to prevent the concrete structures from degradation of microorganisms. The deterioration from sewage water, bacteria and microorganisms will be prevented by the application of this product. Moreover, it improves the aesthetic and maintain the lifecycle of the structures. BASF MasterLife AMA 100 is utilized by mixing it in the batch process and becomes an important part of the concrete structure.

Market Research Analysis

Based on Applications, the automotive segment is expected to be the highest growing segment. The use of self-stratifying coating is gaining importance among automobile manufacturers. The booming automobile sector, especially in the developing countries of Asia-pacific region is contributing to the growth of the smart coating market. The rapid growth of the smartphone industry is also expected to drive the demand.

Asia-Pacific region is expected to dominate the Smart Coating Market with the highest CAGR. The end user industries such as electronics, automobiles and others in developing nations such as India and China are expected to contribute to the growth of this market. The North America and Europe region are expected to experience a marginal growth during the forecast period.

Scope of the Report

This study provides an overview of the Global Smart Coating Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Smart Coating Market by its product, application and region.

By Product

Single-layer
Multilayer

By Application

Automotive
Aerospace & Defense
Construction
Electronics
Healthcare
Others

By Region

North America
Asia Pacific
Europe
Rest of the World

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