Smart Coating Market Analysis

The market is growing at a stable rate owing to distinctive characteristics of this material. It is being adopted by various end-user industries for a large number of applications such as defence, construction, hospitals, automobiles, and others. Based on the application, the global smart coatings market is segmented as anti-corrosion, anti-icing, anti-fouling, anti-microbial, self-cleaning, and self-healing. On the basis of this, the self-cleaning segment is anticipated to dominate the market owing to the large demand for self-cleaning material for both industrial use as well as domestic use. Additionally, based on the product segment, the multi-layer segment is expected to witness significant growth in terms of revenue, owing to the increasing demand for multi-layered coatings for surface protection and external applications in aerospace and automotive industry. The growing usage of this material is a major factor is driving the world’s leading manufacturers to invest in smart coatings market. Moreover, consumers are also willing to pay exceptionally high prices for smart coated products owing to the advance applications of the smart coating materials. Further, high investments in R&D are predicted to develop and increase the application of smart coatings. For instance, researchers at the NASA have developed a smart and environmentally friendly coating system, which can be used for early detection and inhibition of corrosion as well as self-healing of damages without external intrusion. This coating can detect and respond autonomously at the inception of corrosion and control it. Such developments are anticipated to propel market growth in future.  

Our in-depth analysis of the global market includes the following segments: