|02-11-2019 02:25 PM CET - Business, Economy, Finances, Banking & Insurance||
Smart Coating Industry 2019 Top Sharing Players: DuPont, 3M Company, PPG Industries Inc., BASF SE, Eastman Chemical co. and etc
Press release from: Market Research Future
Smart Coating Market Overview:
Smart Coatings refer to films or layers made up of coating materials that possess certain pre-defined characteristics and exhibit certain properties on reacting to external environment such as light or electric current. The smart coating is being developed to have the inherent ability to detect the chemical changes associated with the onset of corrosion and respond autonomously to indicate it and control it. The multi-functionality of the coating is based on microencapsulation technology specifically designed for corrosion control applications.
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.
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Smart Coating Market Key Players:
Smart Coatings Market is glorified by a sizeable number of major players having geographical presence with a Lion’s share in the market. Those players are competing on price, quality and innovations. To drive the market and to maintain their market positions players operating in the market are striving to minimize the cost of their product. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion.
Profiled in MRFR Analysis some of the prominent players operating in the 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), An Catt, Inc. (U.S.), Nano shell (U.K.), Frontiers Inc. (U.S.) and others.
Smart Coating Market Regional Analysis:
Smart Coating Market can geographically be 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.
Globally, Asia Pacific is the leading region in the market because 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.
Smart Coating Market Competitive Landscape:
Smart Coating Market has observed a significant growth and their demand is increasing in the major industries. The major players in the market have adopted responsive coatings in order to impart the anti-microbial, corrosion resistance and cleansing properties to the product. 3M Akzo Nobel N.V., An Catt Inc., Autonomic Materials, Inc., Axalta Coating Systems, LLC, BASF SE, The Dow Chemical Company, Dow Corning Corporation, DuPont, and PPG Industries, Inc. are the major players functioning in the market. These companies are focusing on creating new strategies, development, mergers and acquisitions in cementing their positions in the smart coating market. Moreover, the key trends and factors witnessed in the market are growing replacement of synthetic materials by responsive coatings in order to impart the responsive and stimulus nature to the product.
Smart Coating Market Table of Content:
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Smart Coating Market, By Product
5 Global Smart Coating Market, By Application
Smart Coating Market Table of Content to be Continue……,
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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