Smart coating Market Analysis, Top Key Players| Industries, Inc., BASF SE, Eastman Chemical co., Nippon Steel Trading Co., Ltd., AnCatt, Inc., Nanoshell , Frontiers Inc.

Market Overview:
Smart coating is a covering composed of wide range of macromolecules that respond to a small change in the environment. It has excellent cleansing, corrosion resistance and self-dimming properties. Due to these features, they are used in biotechnology and medicine, electrical & electronics, automotive, drug delivery systems, and others. The market has driven by the growing replacement of synthetic products to smart coating in electrical & electronics and automotive industries. These factors have led the major manufacturers and investors to adopt advanced coatings in end-use industries. Anti-corrosion, self-healing and anti-microbial features are the major trends and factors promoting the market positively.

Globally, Asia Pacific is the leading region in the market on account of growing consumption of intelligent coatings in construction, electrical & electronics, and military sectors. These coverings are used to impart corrosion resistance and responsive nature to the final product. Growing population and increasing demand in end-use industries have propelled the market to witness a remarkable growth in the market during the assessment period. Furthermore, rapid urbanization coupled with technological advancement proposed are driving the market in the developing countries such as India, Vietnam and Malaysia. The North American region is expected to witness a higher CAGR in U.S., Canada and Mexico owing to the growing consumption of advanced materials in end-use industries. The market has been driven in this region by the development of innovation and progress achieved in nanotechnology. However, the European region is anticipated to witness a stagnant growth due to stringent rules and regulations proposed by the government.

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Key Players:
The key players of smart coating market are - DuPont (U.S.), 3M Company (U.S.), PPG Industries, Inc. (U.S.), BASF SE(Germany), Eastman Chemical co. (U.S.), Nippon Steel Trading Co., Ltd. (Japan), AnCatt, Inc. (U.S.), Nanoshell (U.K.), Frontiers Inc. (U.S.) and others.

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.

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Regional Analysis of Smart coating market:
Smart Coating Market can be geographically segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). Asia pacific region is expected to grow the highest in the smart coating market owing to the increase in demand for smart coatings from India and China. The undertaking of popular world events, such as sports in Japan, has led to tremendous infrastructural development. This is leading to the growth of the smart coating market for Asia-pacific Region.

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