ASIA-PACIFIC SMART COATINGS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

ASIA-PACIFIC SMART COATINGS MARKET 2021-2028

Market by Type of Layer, Application, Coating Type, and Country | Forecast 2021-2028

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As per Triton Market Research, the Asia-Pacific smart coatings market is expected to progress with a CAGR of 24.64% over the forecasting years from 2021-2028.


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The countries studied in this market include:

•           China

•           Japan

•           India

•           South Korea

•           ASEAN countries

•           Australia & New Zealand

•           Rest of Asia-Pacific

Marine coating systems are applied to ships in the sea so as to protect the structure from deteriorating and maintain its appearance. Japan is one of the leading ship producers in the world. This has enhanced the demand for marine coatings in the country. This is fueling the growth of the Japanese smart coatings market.

Further, the announcement of the merger of the country’s shipbuilding majors, Japan Marine United and Imabari Shipbuilding, is expected to create more opportunities for the players in the Japanese marine coatings industry in the near future. This merger, when completed, is projected to constitute nearly 10% of the global shipbuilding business. Such developments are fostering the growth of the smart coatings market in Japan.

Thailand is the second-largest economy in the Asia-Pacific, and has one of the most prominent paints & coatings markets in the region. This growth is attributable to several factors, such as the rapid urbanization & the decreasing household sizes, growing demand for new housing & repainting, and governmental initiatives towards infrastructure development.

Further, the growth in the tourism sector, increase in people’s purchasing power, rise in retail spending, and the emergence of the country as a hub for automotive production in the Asia-Pacific region are also some of the factors that have led to the steady growth of the nation’s paint and coatings industry in recent years. These developments indicate an overall positive outlook for the smart coatings market in Thailand, and the ASEAN.

Nippon Steel Corporation, formerly known as Nippon Steel & Sumitomo Metal Corporation, is a steel manufacturing company. It operates through four reportable segments, namely, Engineering and Construction, Steelmaking and Steel Fabrication, Chemicals and New Materials, and System Solutions. The company’s product XSTEELIA™ offers superior corrosion resistance.

Nippon Steel serves the automobile, railways, civil engineering, resources & energy, and construction markets. It has adequate manufacturing capabilities that has enabled it to meet the growing demand for its products through increasing productivity. Founded in 1950, Nippon Steel is headquartered in Chiyoda City, Japan.

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Table of Content

1. ASIA-PACIFIC SMART COATINGS MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE SMART COATINGS INDUSTRY

2.2. KEY INSIGHTS

2.2.1. ASIA-PACIFIC IS ANTICIPATED TO BE THE FASTEST-GROWING REGIONAL MARKET

2.2.2. DEMAND FROM VARIOUS INDUSTRIES

2.2.3. ADVANCEMENTS IN SELF-HEALING SMART COATINGS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY IMPACT ANALYSIS

2.6.1. RAW MATERIALS

2.6.2. PRICE

2.6.3. QUALITY

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. CONTRACTS & PARTNERSHIPS

2.7.4. BUSINESS EXPANSIONS & DIVESTITURES

2.8. MARKET DRIVERS

2.8.1. ADVANTAGES OF SMART COATINGS IN COMPARISON TO TRADITIONAL COATINGS

2.8.2. RISE IN DEMAND FROM THE CONSTRUCTION SECTOR

2.9. MARKET CHALLENGES

2.9.1. STRINGENT REGULATIONS FOR ENVIRONMENTAL PROTECTION

2.9.2. HIGHER COST OF SMART COATINGS

2.10. MARKET OPPORTUNITIES

2.10.1. A SHIFT TOWARDS SMART COATINGS FROM THEIR ALTERNATIVE

2.10.2. GROWING MERGERS AND ACQUISITIONS IN THE SMART COATINGS MARKET

3. ASIA-PACIFIC SMART COATINGS MARKET OUTLOOK – BY TYPE OF LAYER

3.1. SINGLE-LAYER

3.2. MULTI-LAYER

4. ASIA-PACIFIC SMART COATINGS MARKET OUTLOOK – BY APPLICATION

4.1. BUILDING & CONSTRUCTION

4.2. AUTOMOTIVE

4.3. MARINE

4.4. AEROSPACE & DEFENCE

4.5. OTHER APPLICATIONS

5. ASIA-PACIFIC SMART COATINGS MARKET OUTLOOK – BY COATING TYPE

5.1. ANTI-MICROBIAL

5.2. ANTI-CORROSION

5.3. ANTI-FOULING

5.4. ANTI-ICING

5.5. SELF-CLEANING

5.6. SELF-HEALING

5.7. OTHER COATING TYPES

6. ASIA-PACIFIC SMART COATINGS MARKET – REGIONAL OUTLOOK

6.1. CHINA

6.2. JAPAN

6.3. INDIA

6.4. SOUTH KOREA

6.5. ASEAN COUNTRIES

6.6. AUSTRALIA & NEW ZEALAND

6.7. REST OF ASIA-PACIFIC

7. COMPETITIVE LANDSCAPE

7.1. 3M COMPANY

7.2. AKZONOBEL NV

7.3. ANCATT INC

7.4. AXALTA COATING SYSTEM

7.5. BASF SE

7.6. EASTMAN CHEMICAL COMPANY

7.7. EI DU PONT DE NEMOURS & COMPANY

7.8. HEMPEL AS

7.9. JOTUN AS

7.10. NEI CORPORATION

7.11. NIPPON STEEL CORPORATION

7.12. PPG INDUSTRIES INC

7.13. ROYAL DSM NV

7.14. TESLA NANOCOATINGS INC

7.15. DOW CHEMICAL COMPANY

7.16. THE SHERWIN WILLIAMS COMPANY

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)      

TABLE 2: VENDOR SCORECARD        

TABLE 3: ASIA-PACIFIC SMART COATINGS MARKET, BY TYPE OF LAYER, 2021-2028 (IN $ MILLION)      

TABLE 4: ASIA-PACIFIC SMART COATINGS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)      

TABLE 5: ASIA-PACIFIC SMART COATINGS MARKET, BY COATING TYPE, 2021-2028 (IN $ MILLION)      

TABLE 6: ASIA-PACIFIC SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)       

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: KEY IMPACT ANALYSIS     

FIGURE 3: ASIA-PACIFIC SMART COATINGS MARKET, BY TYPE OF LAYER, 2020 & 2028 (IN %)      

FIGURE 4: ASIA-PACIFIC SMART COATINGS MARKET, BY SINGLE-LAYER, 2021-2028 (IN $ MILLION)      

FIGURE 5: ASIA-PACIFIC SMART COATINGS MARKET, BY MULTI-LAYER, 2021-2028 (IN $ MILLION)      

FIGURE 6: ASIA-PACIFIC SMART COATINGS MARKET, BY APPLICATION, 2020 & 2028 (IN %)           

FIGURE 7: ASIA-PACIFIC SMART COATINGS MARKET, BY BUILDING & CONSTRUCTION, 2021-2028 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC SMART COATINGS MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)      

FIGURE 9: ASIA-PACIFIC SMART COATINGS MARKET, BY MARINE, 2021-2028 (IN $ MILLION)           

FIGURE 10: ASIA-PACIFIC SMART COATINGS MARKET, BY AEROSPACE & DEFENCE, 2021-2028 (IN $ MILLION)          

FIGURE 11: ASIA-PACIFIC SMART COATINGS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)          

FIGURE 12: ASIA-PACIFIC SMART COATINGS MARKET, BY COATING TYPE, 2020 & 2028 (IN %)      

FIGURE 13: ASIA-PACIFIC SMART COATINGS MARKET, BY ANTI-MICROBIAL, 2021-2028 (IN $ MILLION)      

FIGURE 14: ASIA-PACIFIC SMART COATINGS MARKET, BY ANTI-CORROSION, 2021-2028 (IN $ MILLION)   

FIGURE 15: ASIA-PACIFIC SMART COATINGS MARKET, BY ANTI-FOULING, 2021-2028 (IN $ MILLION)      

FIGURE 16: ASIA-PACIFIC SMART COATINGS MARKET, BY ANTI-ICING, 2021-2028 (IN $ MILLION)      

FIGURE 17: ASIA-PACIFIC SMART COATINGS MARKET, BY SELF-CLEANING, 2021-2028 (IN $ MILLION)      

FIGURE 18: ASIA-PACIFIC SMART COATINGS MARKET, BY SELF-HEALING, 2021-2028 (IN $ MILLION)      

FIGURE 19: ASIA-PACIFIC SMART COATINGS MARKET, BY OTHER COATING TYPES, 2021-2028 (IN $ MILLION)          

FIGURE 20: ASIA-PACIFIC SMART COATINGS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 21: CHINA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)     

FIGURE 22: JAPAN SMART COATINGS MARKET 2021-2028 (IN $ MILLION)    

FIGURE 23: INDIA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 24: SOUTH KOREA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)

FIGURE 25: ASEAN COUNTRIES SMART COATINGS MARKET 2021-2028 (IN $ MILLION)   

FIGURE 26: AUSTRALIA & NEW ZEALAND SMART COATINGS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 27: REST OF ASIA-PACIFIC SMART COATINGS MARKET 2021-2028 (IN $ MILLION)

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