Smart Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Smart Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5299
Buy Now

Market Overview:

The global smart coatings market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2028, exhibiting a growth rate (CAGR) of 19.5% during 2023-2028.

Smart coatings are unique films with default properties that sense and respond to external or environmental stimuli, including moisture, pH, chloride ion concentration, mechanical damage, temperature, and redox activity. They are made using responsive materials containing unique chemical, physical, mechanical, and electrical characteristics. They can help improve the efficiency of a system by reducing inspection times, maintenance costs, and equipment downtime. Besides this, as they have self-healing and self-repair properties, smart coatings are suitable for corrosion resistance, material protection, and other surface improvement applications. Consequently, they are employed in the healthcare, textile, transport, marine, aerospace, and electronics industries across the globe.

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Smart Coatings Market Trends:

Leading players are developing environment-friendly smart coatings to minimize the emission of greenhouse gases (GHGs). This, in confluence with the thriving construction sector, represents one of the key factors propelling the growth of the market. Moreover, these coatings can contain both passive and active components so that upon application, the benefits of their prompt response based on the required stimuli can be achieved. Apart from this, most smart coatings contain metal and metal oxide nanoparticles, which provide numerous functional properties, such as high surface area, magnetic resonance relaxation, and electronic susceptibility. Furthermore, anti-corrosion variants find extensive applications in the automotive industry for the manufacturing of scratch-free vehicles. In addition, they are used in fasteners, body hardware, door closure, lock parts, exhaust, suspension, engine components, clamps, and hose connections. This, coupled with the increasing sales of passenger vehicles, is catalyzing the demand for smart coatings solutions around the world. Other factors, including technological advancements and the rising reliance on smartphones worldwide, are projected to facilitate the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on layer type, function and end use industry.

Breakup by Layer Type:

  • Single-Layer
  • Multi-Layer
     

Breakup by Function:

  • Anti-Microbial
  • Anti-Corrosion
  • Anti-Fouling
  • Anti-Icing
  • Self-Cleaning
  • Self-Healing
  • Others
     

Breakup by End Use Industry:

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Building and Construction
  • Automotive
  • Marine
  • Aerospace and Defense
  • Others
     

Breakup by Region:

 

 
 

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, A&K Painting Company, Ancatt Inc, BASF SE, Dupont De Nemours Inc., Jotun A/S, NEI Corporation, PPG Industries, RPM International Inc., Tesla NanoCoatings Inc., The Lubrizol Corporation (Berkshire Hathaway Inc) and The Sherwin-Williams Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Layer Type, Function, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, A&K Painting Company, Ancatt Inc, BASF SE, Dupont De Nemours Inc., Jotun A/S, NEI Corporation, PPG Industries, RPM International Inc., Tesla NanoCoatings Inc., The Lubrizol Corporation (Berkshire Hathaway Inc) and The Sherwin-Williams Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global smart coatings market was valued at US$ 2.3 Billion in 2022.

We expect the global smart coatings market to exhibit a CAGR of 19.5% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end use industries for smart coatings.

The growing construction industry, along with the rising demand for smart coatings in improving the efficiency of a system by reducing inspection times, maintenance costs, and equipment downtime, is primarily driving the global smart coatings market.

Based on the layer type, the global smart coatings market can be divided into single-layer and multi-layer. Currently, multi-layer exhibits a clear dominance in the market.

Based on the function, the global smart coatings market has been categorized into anti-microbial, anti-corrosion, anti-fouling, anti-icing, self-cleaning, self-healing, and others. Among these, anti-corrosion currently holds the majority of the total market share.

Based on the end use industry, the global smart coatings market can be segmented into building and construction, automotive, marine, aerospace and defense, and others. Currently, the building and construction industry accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global smart coatings market include 3M Company, A&K Painting Company, Ancatt Inc, BASF SE, Dupont De Nemours Inc., Jotun A/S, NEI Corporation, PPG Industries, RPM International Inc., Tesla NanoCoatings Inc., The Lubrizol Corporation (Berkshire Hathaway Inc), and The Sherwin-Williams Company.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Smart Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Select License Type



Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More