Global Smart Coatings Market, Industry Insights by Function, Layer and End-User - Analysis and Forecast 2024


Posted June 26, 2019 by vynzresearch

The global smart coatings market is growing at a significant rate, and expected to attain a considerable growth during the forecast period.

 
The global smart coatings market is growing at a significant rate, and expected to attain a considerable growth during the forecast period. This is attributed to the self-healing and self-repair properties of these coatings which makes them suitable for various purposes such as material protection, corrosion protection, and other improvement applications.

On the basis of function, the smart coatings market is segmented into anti-corrosion, anti-icing, anti-fouling, self-healing, self-cleaning, and others.

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Based on end-user, the smart coatings market is segmented into automotive and transportation, aerospace and defense, marine, and others.

Superior properties of these coating and increasing use in end-user industries are the major factors that are driving the smart coatings market growth. These coatings improve the systems’ efficiency by reducing inspection times, equipment downtime, and maintenance costs.

Various developments are taking place in the market coupled with the increasing research and development efforts in the industry. For instance, Ford Motor Company is interested in functional coatings for light detection and ranging sensor for autonomous vehicles.

Some of the major players operating in the smart coatings market are 3M Company, PPG Industries Inc., AkzoNobel N.V., The Sherwin-Williams Company, RPM International, Axalta Coating Systems, NEI Corporation, Royal DSM, and Helicity Technologies.

Source: VynZ Research
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Last Updated June 26, 2019