Glen Allen, VA -- (SBWIRE) -- 03/09/2011 -- Industry analyst firm NanoMarkets LC, an established industry analyst firm covering the coatings space, has just released a new report identifying the opportunities for smart coatings over the coming eight years. According to NanoMarkets, sales of smart coatings are expected to grow from around $230 million ($US) this year to reach $1.3 billion in 2016, reaching $3.0 billion by 2018. NanoMarkets sees this growth as providing significant opportunities for firms in specialty chemicals, building materials, medical devices, and electronics.

Although, self-healing, self-assembling and other smart coatings have been available for some time, NanoMarkets believes that these products are on the verge of finding broad commercial acceptance primarily to provide longer lifetimes for a wide range of products, including those in the energy, and construction industries. Key examples of where smart coatings can add to product longevity include anti-corrosives and anti-microbials. NanoMarkets sees the functionality of smart coatings eventually expanding to provide a broad range of functionality in rapidly evolving markets such as drug delivery and smart textiles. “Smart” is the new “nano,” according to NanoMarkets.

Additional details about the report, including sample pages and a table of contents are available on the firm’s website at www.nanomarkets.net. Members of the press may request the report’s executive summary.

About the Report
“Smart Coatings Markets -- 2011” is the latest report from NanoMarkets in its ongoing coverage of coatings markets. In this report, NanoMarkets identifies the market segments where smart coatings are being used today and the applications in which they will generate revenues in the future. Applications covered include military, medical, energy, automotive and transportation, construction and textiles.

The report provides full review of the latest smart coatings technology and a sector by sector analysis of smart coatings markets. Among the applications markets covered are self-cleaning and touch-sensitive surfaces, smart windows, self-priming paints, sensors, bioactive and anti-microbial coatings, camouflage anti-corrosion materials, etc. The report also contains a detailed eight-year forecast of revenues for smart coatings broken out by product type.

About NanoMarkets
NanoMarkets tracks and analyzes emerging market opportunities in energy and electronics markets created by developments in advanced materials. The firm is a recognized leader in industry analysis and forecasts for coatings and thin-film electronics.

Contact:
Robert Nolan
NanoMarkets
Glen Allen, VA
(804) 360-2967
rob@nanomarkets.net
http://www.nanomarkets.net