Categories: Chemicals & Materials | Report Code : CM20 | No. of Pages : 140
Overview:
Smart coating is material that responds to external stimuli or environmental factors. The materials have properties such as corrosion resistance, self-assembling, and self-cleaning which has led to increased demand from various end-user industries.
Market Dynamics:
Rising demand from aerospace and aviation industry to adopt advance material to improve efficiency and safety is a key factor fueling growth of the target market. Additionally, rising R&D to deploy smart coating on automobiles to protect the body after crash or accident is another factor fueling growth of the market. Moreover, increasing smart city projects and smart building deployment has further boosted demand for smart coatings to protect infrastructure from environmental conditions is another factor propelling growth of the market and is expected to further fuel the market growth during the forecast period to a significant extent. However, high cost of coating materials is a key factor hampering growth of the lobal market
Key Trends:
Increasing investment in R&D to develop new and organic coating materials is a key trend observed in the market, which is a factor expected to fuel growth of the target during the forecast period.
Regional Analysis:
For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market accountedfor major revenue share in 2018, and is expected to witness highest growth during the forecast period. Rising demand from countries such as India, China owing to increasing focus on manufacturing activities is a key factor driving growth of the market in Asia Pacific region. Additionally, rise in construction activities of residential and commercial spaces is another factor supporting growth of the market in the Asia Pacific region. The market in North America is expected to witness significant growth owing to rising demand from aerospace and military segment. The market is then follower by Europe, Middle East & Africa and Latin America.
Scope of the Report:
Report Feature |
Details |
Base Year: |
2018 |
Projection Period: |
2019-2029 |
Market Details: |
Total revenue and forecast, CAGR, Market value, share, and Y-o-Y growth by segment and region |
Segment Covered: |
Type, and Application |
Region Covered: |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Report Coverage: |
Market growth driving factors, challenges & pitfalls, opportunities, trends, key players analysis, and region analysis |
Detailed Segmentation:
Global Smart Coating Market, By Type:
Global Smart Coating Market, ByApplication:
Key Players Covered:
Key players operating in the market includes, 3M, PPG Industries, AkzoNobel, Axalta Coating Systems, Hempel, Jotun, DOW Corning Corporation, Sherwin-Williams, RPM International, and NEI Corporation
Key features of the study:
Foresight Market Research provides detailed analysis on Smart Coating Market in our report- Global Smart Coating Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global Smart Coating Market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.