Smart Coating Market Size & Share | Industry Report, 2018-2022 by 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., Nanoshell, Frontiers

Smart Coatings Market – Market Overview

Smart Coating refers to the concept of coatings being able to sense the surrounding and make an appropriate optimal response to that external stimulus, which are extensively used in proliferating handheld devices and smartphones. Due to its excellent self-healing, self-cleaning, anticorrosion healing nature, Smart Coatings find its application in many end use industries. Smart Coatings when used in consumer electronics makes them durable, scratch free, and makes them self-healing by closing scratches and re-combining cuts.

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The benefits of Smart Coating are Transparent, functional, easy-to-clean, anti-fingerprint, easy-to-clean coatings for sensor and camera lenses of vehicles, de-icing coatings for airplane windshields and solar-heat-management coatings for aircraft are attractive solutions because they ensure people’s safety and comfort while meeting the needs of society for energy savings and environmental compatibility. Consequently, large number of electronics manufactures are increasingly manufacturing smartphones with cost-effective Smart Coating over traditional polymer-based coating. Owing to aforementioned benefits the market for Smart Coatings over the forecast period.

Smart Coatings have various applications which includes automotive & transportation, aerospace & defence, marine, and building & construction in end-use industry. Automotive & transportation are the dominant end-user industry, which is driven by the increasing demand for Smart Coatings for the protection of body hardware, door closures, lock parts, exhausts, suspensions, engine components, and clamps & hose connections against abrasion.

Asia-Pacific is projected to witness the highest growth during the forecast period in terms of volume and value. This can be attributed to the rapidly growing vehicle production in emerging economies of India, China, Indonesia, and Malaysia. The APAC smart coatings market is driven by increasing per capita income of consumer and heavy investments in industries such as automotive & transportation, marine, and building & construction. Population growth, industrialization, and rise in economic growth, which leads to high sales of automotive, which in turn, led to growth in the manufacturing of Smart Coatings in this region.

Market Research Future Published a Half Cooked Research “Global Smart Coatings Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023.

Key players operating in the Smart Coatings Market include AkzoNobel N.V. (Netherlands), PPG Industries (U.S.), Axalta Coatings Systems (U.S)., The Sherwin-Williams Company (U.S.), Jotun A/S (Norway), RPM International (U.S.), Hempel A/S (Denmark), and NEI Corporation (U.S) among others are some of the prominent players at the forefront of competition in the Global Smart Coatings Market and are profiled in MRFR Analysis.

Industry/ Innovation/ Related News:

March 7, 2018 – NEI Corporation introduced UV-Protect (UVP) technology to formulate enhanced versions of its popular NANOMYTE® coating products, which offer unique functionalities in coatings with unique durability.

April, 2016 – NEI Corporation announced today that it has introduced an optical grade anti-fog coating, NANOMYTE® SAF-100, with durable anti-fog performance and excellent water resistance. The coating passes EN 168 for Mist Retardant anti-Fog Coatings and also exhibits anti-frost properties.

Smart Coatings Market – Competitive Analysis

Smart Coatings Market is growing at considerable rate and market competition in the market moderate as the market is consolidated major players involved in the market are adopting strategies such as product launch, partnerships and investments in R&D. Among the aforementioned strategies, the manufacturers are mostly involved in product launch and partnerships.

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