Global Smart Coating Market Overview:
Smart coatings have predefined properties that make them sense and respond to environmental and other external stimuli. The coatings have self-healing and self-repair properties which make them suitable for corrosion protection, material protection and other surface advance applications. For corrosion safety, the smart coatings functionalities include sensing, warning, corrosion inhibition and repair. Smart coating diminishes the need for fixing corroded areas to extend the life of components and structures made from corrosive materials and have the ability to detect and avoid corrosion and being environmentally friendly.
Growth Drivers
- Rising Demand from End User Industries
- Increasing Investments for Infrastructure Facilities in the Construction Industry
Roadblocks
- High Cost and Environmental Issues
Opportunities
- Increasing Demand for Products Requiring Low Maintenance
- Increasing Demand for Automobiles in Emerging Economies
Challenges
- Low Durability in Extreme Weather Conditions
Competitive Landscape:
Some of the key players profiled in the report are AkzoNobel (Netherlands), PPG Industries (United States), Axalta Coatings Systems (United States), The Sherwin-Williams Company (United States), RPM International (United States), Hempel (Denmark), NEI Corporation (United States), BASF SE (Germany), Eastman Chemical co. (United States) and Nippon Steel Trading Co., Ltd. (Japan). Additionally, following companies can also be profiled that are part of our coverage like Research Frontiers Inc. (United States), Jotun (Norway) and AnCatt, Inc. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Smart Coating market by 2026. Considering Market by Functions, the sub-segment i.e. Self-Healing will boost the Smart Coating market.
Latest Market Insights:
On April 17, 2019 PPG has announced that it has completed its acquisition of automotive coatings manufacturer Hemmelrath, a manufacturer of coatings for automotive original equipment manufacturers (OEMs).
What Can be Explored with the Smart Coating Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Smart Coating Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Smart Coating
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Coating market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Coating market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Smart Coating, Suppliers of Smart Coating, Wholesalers, Distributors and Retailers of Smart Coating, Suppliers of Raw Material and Industry Association.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.