NORTH AMERICA SMART COATINGS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

NORTH AMERICA SMART COATINGS MARKET 2021-2028

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

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The smart coatings market in North America is expected to rise with a CAGR of 23.61% by revenue during the estimated years 2021-2028.


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The key countries covered in this market include:

•      The United States

•      Canada

The potential applications for different types of smart coatings are broad and varied. The Government of the United States is interested in various types of smart coatings for corrosion control, camouflaging, bioweapon detection, weapon destruction, and other safety applications. The need for functional surfaces also exists in the marine, automotive, aerospace, construction, textile, communication, electronics, biomedical, energy, and several other industries.

The US government boasts of active research programs with its own agencies and also supports the efforts of several academic research groups as well. The US Army’s Smart Coatings™ Material Program researches on smart coatings with the goal of reducing costs, maintenance burdens, equipment downtime, and the need for hazardous painting & de-painting operations. This research focuses on the development of intelligent materials with numerous capabilities, including corrosion resistance, self-repair, sensing, selective removal, ability to modify the physical properties, colorizing, etc.

Additionally, the United States holds a large share of the healthcare market. The rising demand for medical devices, increase in the number of minimally invasive surgeries, growing chronic disease patients, rise in people’s income levels, and use of home healthcare facilities are some of the factors boosting this market’s growth. This industry is a major end-user of coatings, and its growth will further propel the demand for smart coatings in the US. Interestingly, the United States is a major revenue generator for this market in the antimicrobial medical device coatings segment.

PPG Industries Inc is a chemical company that manufactures and sells paints, coatings, specialty materials, and optical products. Its products are largely used in commercial transport, regional jet & general aviation aircraft, military, ship manufacturing, bridges & rail cars, maintenance of commercial & residential building structures, decoration, automotive parts & accessories, drivers’ licenses & ID cards, e-passports, optical lenses, and color-changing products. The company offers coatings under the brand names DeSoto® Aerospace Specialty Coatings, PPG SILVERSAN™, and PPG HOBA® coatings. The US-based company is headquartered in Pittsburgh, Pennsylvania. Founded in 1883, PPG has a strong workforce of nearly 48,000 employees.

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Table of Content

1. NORTH AMERICA 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. DEMAND FROM VARIOUS INDUSTRIES

2.2.2. 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. NORTH AMERICA SMART COATINGS MARKET OUTLOOK – BY TYPE OF LAYER

3.1. SINGLE-LAYER

3.2. MULTI-LAYER

4. NORTH AMERICA 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. NORTH AMERICA 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. NORTH AMERICA SMART COATINGS MARKET – REGIONAL OUTLOOK

6.1. UNITED STATES

6.2. CANADA

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: NORTH AMERICA SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)      

TABLE 2: VENDOR SCORECARD        

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

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

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

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

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: KEY IMPACT ANALYSIS     

FIGURE 3: NORTH AMERICA SMART COATINGS MARKET, BY TYPE OF LAYER, 2020 & 2028 (IN %)

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

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

FIGURE 6: NORTH AMERICA SMART COATINGS MARKET, BY APPLICATION, 2020 & 2028 (IN %)      

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

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

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

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

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

FIGURE 12: NORTH AMERICA SMART COATINGS MARKET, BY COATING TYPE, 2020 & 2028 (IN %)

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

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

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

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

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

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

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

FIGURE 20: NORTH AMERICA SMART COATINGS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)  

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

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

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