Rising Mergers and Acquisitions offer Significant Growth Opportunities to the Global Smart Coatings Market

Inkwood Research anticipates that the Global Smart Coatings Market is evaluated to register a CAGR of 22.85 % in terms of revenue over the forecasting years of 2021-2028.

"Browse 53 Market Data Tables and 47 Figures spread over 212 Pages, along with an in-depth TOC on the Global Smart Coatings Market Forecast 2021-2028."

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The term 'smart coating' is characterized as the concept of coatings able to sense the environment and consequently make an appropriate response to the stimulus. The special covering materials are made with programmable components, responding to variations in chemical, thermal, light, or other stimuli. This ideally results in new performances, typically self-cleaning, self-sensors, self-healing, and others, due to their piezoresistive, piezoelectric, thermoelectric, and chemical properties.

Increasing Mergers and Acquisitions to Propel Market Growth

As a seller's market, the coatings industry constitutes both private equity (PE) and strategic buyers, aggressively trailing targets and fueling valuations, predominantly for higher-quality enterprises. The majority of leading players largely operate in mature markets with nominal underlying growth. However, they have limited mechanisms and strategies for developing through acquisitions and meeting the high expectations of investors.

Mergers and acquisitions endeavors have continued to be steady and robust over recent years, with myriad deals qualifying as smaller, bolt-on acquisitions. Besides, they readily generate substantial synergies and are also easy to integrate. The deals typically involve the addition of new capabilities, the implementation of novel technologies, complementary products to expand portfolios, and lengthened geographical reach.

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Multi-Layer is the Fastest-Growing Layer

Multi-layer coatings essentially comprise several repetitions of two layers-one softer and one harder. The coatings are either made of metallic or ceramic layers or two different ceramic layers. The properties of layer material considerably influence the characteristics of multi-layer coatings. They also constitute enhanced wear resistance, in addition to being relatively more fracture-resistant (higher critical load) compared to monolayer coatings. Moreover, the properties of multi-layer coating essentially rely upon the number of layers as well as the thickness of each layer. As a result, the segment observes increased traction across the global market.

Asia-Pacific to Dominate the Global Market by 2028

The market in Asia-Pacific is anticipated to hold the largest share in the global market over the forecast years. The region is an appealing market for investors, mainly due to the presence of several emerging economies, including India, China, Vietnam, Indonesia, and others. Furthermore, domestic companies continue to expand their businesses on account of the strong economic growth in the Asia-Pacific.

The industrial rivalry within the global smart coatings market is fairly high, given the market's smaller size compared to conventional coatings. As a research-driven market dominated by global giants, leading international firms are focusing on introducing innovative product offerings. Besides, the products harbor superior characteristics in order to effectively sustain their competitive edge.

Key firms operating in the market are Nippon Steel Incorporation, Hempel A/S, 3M, AkzoNobel NV, etc.

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