Research Reports
Smart Coatings Market Estimated To Reach USD 10.32 Billion By 2026 Says Reports And Data
The Global Smart Coatings market is forecasted to reach USD 10.32 Billion by 2026, according to a new report by Reports and Data. Smart coatings are preferred among others owing to the development of new technologies that enhance their functionalities. Such technologies are conductive materials, nanotechnology, self-healing and self-assembling system, and micro-encapsulation, as they give coatings the…
The post Smart Coatings Market Estimated To Reach USD 10.32 Billion By 2026 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The Global Smart Coatings market is forecasted to reach USD 10.32 Billion by 2026, according to a new report by Reports and Data. Smart coatings are preferred among others owing to the development of new technologies that enhance their functionalities. Such technologies are conductive materials, nanotechnology, self-healing and self-assembling system, and micro-encapsulation, as they give coatings the capabilities beyond protection and aesthetics.
Introduction of advanced technologies in smart coatings such as self-healing and self-cleaning are being utilized by the end users to provide coating options to their customers. Application of nanotechnology-based coatings is expected to reduce the cost of the coating solution, improve damage or scratch resistance, gives aid to anti-fogging, flame retardance and protect coloring, hence boosting the growth of smart coating market. Smart coating is gaining popularity as it is being used for both protective and decorative purposes. It is used to indicate damage on, engine or oil gas platform, or in aircraft to reduce weight. It could also be used as a barrier for packaging film and also as transparent and moisture ingress. Due to its various applications, it is also used in sectors like hospitals, aerospace, and military among others. Owing to the advanced application of smart coatings, consumers are willing to pay a premium price for the coatings.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1283
Automotive manufacturers such as Chevrolet, Audi, and Volvo among many other companies, who are establishing new industries in the APAC region owing to low labor cost, raw material prices, and rising urban population. This will boost the smart coatings market in the APAC region. Smart coatings also form a barrier for toxic and non-toxic detrimental microorganisms. This has increased the adoption rate of smart coatings as antimicrobial agents. The U.S. has a large market share of the healthcare market and growth in the medical industry will propel the growth of the smart coatings market.
Key participants include:
3M, PPG Industries, AkzoNobel, Axalta Coating Systems, Hempel, Jotun, Dow Corning Corporation, Sherwin-Williams, RPM International, and NEI Corporation among others.
Further key findings from the report suggest
- Changing lifestyle is making consumers demand new types of paintings that make a product durable and also create a striking impression on the consumers.
- Single-Layer holds a market share of 53% in the year 2018 with an annual growth rate of 17.9% throughout the forecast period.
- Self-Cleaning sub-segment occupies the largest market share in 2018 and is forecasted to hold a market share of 20% in the year 2026 with the highest annual growth rate throughout the forecast period.
- Anti-Microbial holds a market share of 16% in the year 2018 and is forecasted to have an annual growth rate of 19.1% throughout the forecast period.
- Nanotechnology and nanomaterial are the concepts that are being harnessed in correlation with smart coatings to open up new opportunities for manufacturers to tap into.
- By Sensing Type, Light segment is forecasted to generate a revenue of USD 1.34 Billion in the year 2026 with an annual growth rate of 18.2% throughout the forecast period.
- Automotive & Transportation holds a market share of 14% in the year 2018 and is forecasted to grow at a CAGR of 19.2% throughout the forecast period.
- Marine is forecasted to generate a revenue of USD 1.14 Billion in the year 2026 with an annual growth rate of 16.9% throughout the forecast period.
- North America has a market share of 25% in the year 2018 and is forecasted to have an annual growth rate of 18.8% throughout the forecast period.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1283
For the purpose of this report, Reports and Data have segmented the global Smart Coatings market on the basis of Layers, Function, Sensing Types, End User and Region:
Layers Outlook (Revenue, USD Billion; 2018-2026)
- Single-Layer
- Multi-Layer
Function Outlook (Revenue, USD Billion; 2018-2026)
- Anti-Microbial
- Anti-Corrosion
- Anti-Fouling
- Anti-Icing
- Self-Cleaning
- Self-Healing
Sensing Type Outlook (Revenue, USD Billion; 2018-2026)
- pH
- Ionic Strength
- Temperature
- Pressure
- Surface Tension
- Electric or Magnetic Fields
- Light
- Acoustics
- Mechanical Forces
End Users Outlook (Revenue, USD Billion; 2018-2026)
- Automotive & Transportation
- Marine
- Building & Construction
- Aerospace & Defense
- Electronics
- Medical
- IT Technologies
- Agriculture
- Household
Regional Outlook (Revenue, USD Billion; 2018-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1283
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
Piperylene Market Size, Share & Trends Analysis Report By Type coverage (?40% Purity, 40% -65% Purity, ?65% Purity), By Application (Adhesives, Paints, Rubber and Others), By Region, Competitive Strategies and Segment Forecasts for 2016 – 2026
Caprylic Acid Market Size, Share & Analysis, By Raw Material (Coconut Oil, Palm Oil, Mammal Milk, Others), By Application (Personal Care, Pharmaceutical, Food & Beverages), And By Region, Global Forecast To 2028
Hydrogen Sulfide (H2S) Scavenger Market Size by Types (Regenerative, Non-Regenerative), Chemistry (water-soluble, oil-soluble, metal-based), End-user, Share & Trends Analysis Report By Region, Competitive Strategies and Segment Forecasts for 2016-2026
Methyl Silicone Resin Market By Product Type (Flakes, Powder, And Liquid), By Application (Automotive, Electrical And Electronics, Paints And Coatings, Consumer Goods, And Industrial), And Region – Global Forecast To 2027
Latex Powder Market Information By Type (VAE Type, VAE-Veo Va Type, Others), By Application (Exterior Insulation And Finish Systems (EIFS), Construction And Tile Adhesives, Putty Powder, Dry-Mix Mortars, Self-Leveling Flooring Compounds, Caulks, Others), By Region, Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-smart-coatings-market
The post Smart Coatings Market Estimated To Reach USD 10.32 Billion By 2026 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
-
Business4 days ago
Mike Bahun and Fundraising University Make a Lasting Impact on Sports Programs Nationwide
-
Top Stories4 days ago
After VW plant victory, UAW sets its sights on Mercedes in Alabama
-
Investing4 days ago
Forex Market Trends to Watch Out For in 2024
-
Top Stories4 days ago
Hedge fund borrowing hits five-year peak, Goldman Sachs says