GLOBAL SMART COATINGS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

GLOBAL SMART COATINGS MARKET 2021-2028

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

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The term “smart coating” refers to the concept of coatings that have the ability to sense the environment and further make an appropriate response to that specific stimulus. They are actually made with materials that are programmed in a way to respond to the changes in thermal, chemical, light, or any such stimuli. This also ensures to bring some new performances with them, typically self-sensing, self-cleaning, self-healing, etc., due to their piezo-resistive, thermo-electric, piezoelectric, and chemical properties.


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As per the Triton Market Research, the global smart coatings market is valued at $2245.89 million by the year 2020 and has been further expected to reach $12951.08 million by the year 2028, while growing at a CAGR of 24.03% during the forecasted period.

Triton’s report on the smart coatings market provides an in-depth insight into this industry. The detailed analysis of the market includes key insights, Porter’s five forces analysis, market attractiveness index, vendor scorecard, key strategies, key impact analysis, and impact of COVID-19 on smart coatings.

The market is driven by several factors, such as the growing demand from various industries, advancements in self-healing smart coatings, and a rise in demand from the construction sector. However, the advantages of smart coatings in comparison to traditional ones are driving the market at a rapid pace. This is mainly due to the superior properties of smart coatings over traditional ones, which help with the change in environmental stimuli in a better way. Furthermore, these coatings come up with extended durability than their alternative. The upcoming offerings of smart coatings over the years, like superhydrophobic coatings, air purification coatings, and others, will also be an added advantage over traditional coatings.

Further, the growing mergers and acquisitions in this industry are anticipated to positively impact this market’s growth and create affluent opportunities for the smart coatings market. Mergers & acquisitions have been considered quite strong and steady over the last couple of years, especially in 2018 and 2019, wherein most deals were qualified as smaller, bolt-on acquisitions that further tend to be easy to integrate. Some of the major developments in M&A activity include the acquisition of Marpol Pvt Ltd and Perma Construction Aids Pvt Ltd by KNPL. Also, in 2018, PPG industries acquired Wörwag, a global coatings manufacturer.

The market has been negatively affected due to the stringent regulations for environmental protection. There is a growing need to bring in more eco-friendly coatings in the market, due to these environment-related regulations. Architectural coatings will face more restrictive regulations to bring in more ecological footprints with better indoor air quality and the creation of incentive taxes majorly towards bio-based coating products. Similarly, industrial coatings will face stronger restrictions over the use of nanomaterials and the development of low VOC (volatile organic compounds) or water-based coatings will be forced in the case of protective coatings.



Key geographies covered in the global smart coatings market are:

•           North America: United States and Canada

•           Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe

•           Asia-Pacific: China, Japan, India, South Korea, ASEAN Countries, Australia & New Zealand, and Rest of Asia Pacific

•           Latin America: Brazil, Mexico, and Rest of Latin America

•           Middle East & Africa: United Arab Emirates, Saudi Arabia, Turkey, South Africa, and Rest of Middle East & Africa

The segmentation analysis of the global smart coatings market includes:

•           Type of Layer segment includes:

o          Single-Layer

o          Multi-Layer

•           Application segment includes:

o          Building & Construction

o          Automotive

o          Marine

o          Aerospace & Defence

o          Other Applications

•           Coating Type segment includes:

o          Anti-microbial

o          Anti-corrosion

o          Anti-Fouling

o          Anti-Icing

o          Self-Cleaning

o          Self-Healing

o          Other Coating Types

The key players of the smart coatings market include AkzoNobel NV, EI Du Pont De Nemours & Company, Nippon Steel Corporation, NEI Corporation, 3M Company, BASF SE, Hempel AS, Tesla NanoCoatings Inc, PPG Industries Inc, Dow Chemical Company, Axalta Coating System, The Sherwin Williams Company, Ancatt Inc, Jotun AS, Royal DSM NV, and Eastman Chemical Company.

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Table of Content

1. GLOBAL 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. GLOBAL SMART COATINGS MARKET OUTLOOK – BY TYPE OF LAYER

3.1. SINGLE-LAYER

3.2. MULTI-LAYER

4. GLOBAL 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. GLOBAL 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. GLOBAL SMART COATINGS MARKET – REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1. MARKET BY TYPE OF LAYER

6.1.2. MARKET BY APPLICATION

6.1.3. MARKET BY COATING TYPE

6.1.4. COUNTRY ANALYSIS

6.1.4.1. UNITED STATES

6.1.4.2. CANADA

6.2. EUROPE

6.2.1. MARKET BY TYPE OF LAYER

6.2.2. MARKET BY APPLICATION

6.2.3. MARKET BY COATING TYPE

6.2.4. COUNTRY ANALYSIS

6.2.4.1. UNITED KINGDOM

6.2.4.2. GERMANY

6.2.4.3. FRANCE

6.2.4.4. SPAIN

6.2.4.5. ITALY

6.2.4.6. RUSSIA

6.2.4.7. REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1. MARKET BY TYPE OF LAYER

6.3.2. MARKET BY APPLICATION

6.3.3. MARKET BY COATING TYPE

6.3.4. COUNTRY ANALYSIS

6.3.4.1. CHINA

6.3.4.2. JAPAN

6.3.4.3. INDIA

6.3.4.4. SOUTH KOREA

6.3.4.5. ASEAN COUNTRIES

6.3.4.6. AUSTRALIA & NEW ZEALAND

6.3.4.7. REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1. MARKET BY TYPE OF LAYER

6.4.2. MARKET BY APPLICATION

6.4.3. MARKET BY COATING TYPE

6.4.4. COUNTRY ANALYSIS

6.4.4.1. BRAZIL

6.4.4.2. MEXICO

6.4.4.3. REST OF LATIN AMERICA

6.5. MIDDLE EAST AND AFRICA

6.5.1. MARKET BY TYPE OF LAYER

6.5.2. MARKET BY APPLICATION

6.5.3. MARKET BY COATING TYPE

6.5.4. COUNTRY ANALYSIS

6.5.4.1. UNITED ARAB EMIRATES

6.5.4.2. SAUDI ARABIA

6.5.4.3. TURKEY

6.5.4.4. SOUTH AFRICA

6.5.4.5. REST OF MIDDLE EAST & AFRICA

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: GLOBAL SMART COATINGS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)           

TABLE 2: VENDOR SCORECARD        

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

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

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

TABLE 6: GLOBAL SMART COATINGS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)           

TABLE 7: NORTH AMERICA SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)      

TABLE 8: NORTH AMERICA SMART COATINGS MARKET, BY TYPE OF LAYER, 2021-2028 (IN $ MILLION)   

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

TABLE 10: NORTH AMERICA SMART COATINGS MARKET, BY COATING TYPE, 2021-2028 (IN $ MILLION)   

TABLE 11: EUROPE SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)           

TABLE 12: EUROPE SMART COATINGS MARKET, BY TYPE OF LAYER, 2021-2028 (IN $ MILLION)      

TABLE 13: EUROPE SMART COATINGS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)      

TABLE 14: EUROPE SMART COATINGS MARKET, BY COATING TYPE, 2021-2028 (IN $ MILLION)      

TABLE 15: ASIA-PACIFIC SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)      

TABLE 16: ASIA-PACIFIC SMART COATINGS MARKET, BY TYPE OF LAYER, 2021-2028 (IN $ MILLION)      

TABLE 17: ASIA-PACIFIC SMART COATINGS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)      

TABLE 18: ASIA-PACIFIC SMART COATINGS MARKET, BY COATING TYPE, 2021-2028 (IN $ MILLION)      

TABLE 19: LATIN AMERICA SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)      

TABLE 20: LATIN AMERICA SMART COATINGS MARKET, BY TYPE OF LAYER, 2021-2028 (IN $ MILLION)   

TABLE 21: LATIN AMERICA SMART COATINGS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)      

TABLE 22: LATIN AMERICA SMART COATINGS MARKET, BY COATING TYPE, 2021-2028 (IN $ MILLION)      

TABLE 23: MIDDLE EAST AND AFRICA SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)          

TABLE 24: MIDDLE EAST AND AFRICA SMART COATINGS MARKET, BY TYPE OF LAYER, 2021-2028 (IN $ MILLION)

TABLE 25: MIDDLE EAST AND AFRICA SMART COATINGS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)          

TABLE 26: MIDDLE EAST AND AFRICA SMART COATINGS MARKET, BY COATING TYPE, 2021-2028 (IN $ MILLION)             

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: KEY IMPACT ANALYSIS     

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 20: GLOBAL 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)

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

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

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

FIGURE 26: SPAIN SMART COATINGS MARKET 2021-2028 (IN $ MILLION)     

FIGURE 27: ITALY SMART COATINGS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 28: RUSSIA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)  

FIGURE 29: REST OF EUROPE SMART COATINGS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 30: CHINA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)     

FIGURE 31: JAPAN SMART COATINGS MARKET 2021-2028 (IN $ MILLION)    

FIGURE 32: INDIA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 33: SOUTH KOREA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)

FIGURE 34: ASEAN COUNTRIES SMART COATINGS MARKET 2021-2028 (IN $ MILLION)   

FIGURE 35: AUSTRALIA & NEW ZEALAND SMART COATINGS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 36: REST OF ASIA-PACIFIC SMART COATINGS MARKET 2021-2028 (IN $ MILLION)           

FIGURE 37: BRAZIL SMART COATINGS MARKET 2021-2028 (IN $ MILLION)   

FIGURE 38: MEXICO SMART COATINGS MARKET 2021-2028 (IN $ MILLION) 

FIGURE 39: REST OF LATIN AMERICA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)           

FIGURE 40: UNITED ARAB EMIRATES SMART COATINGS MARKET 2021-2028 (IN $ MILLION)           

FIGURE 41: SAUDI ARABIA SMART COATINGS MARKET 2021-2028 (IN $ MILLION) 

FIGURE 42: TURKEY SMART COATINGS MARKET 2021-2028 (IN $ MILLION) 

FIGURE 43: SOUTH AFRICA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)           

FIGURE 44: REST OF MIDDLE EAST & AFRICA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)       

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