Market by Type of Layer, Application, Coating Type, and Geography | Forecast 2021-2028
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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VIEW REPORT1. 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
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)
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)