PUBLISHER: IMARC | PRODUCT CODE: 1298814
PUBLISHER: IMARC | PRODUCT CODE: 1298814
Smart Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global smart coatings market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2028, exhibiting a growth rate (CAGR) of 19.5% during 2023-2028.
Smart coatings are unique films with default properties that sense and respond to external or environmental stimuli, including moisture, pH, chloride ion concentration, mechanical damage, temperature, and redox activity. They are made using responsive materials containing unique chemical, physical, mechanical, and electrical characteristics. They can help improve the efficiency of a system by reducing inspection times, maintenance costs, and equipment downtime. Besides this, as they have self-healing and self-repair properties, smart coatings are suitable for corrosion resistance, material protection, and other surface improvement applications. Consequently, they are employed in the healthcare, textile, transport, marine, aerospace, and electronics industries across the globe.
Smart Coatings Market Trends:
Leading players are developing environment-friendly smart coatings to minimize the emission of greenhouse gases (GHGs). This, in confluence with the thriving construction sector, represents one of the key factors propelling the growth of the market. Moreover, these coatings can contain both passive and active components so that upon application, the benefits of their prompt response based on the required stimuli can be achieved. Apart from this, most smart coatings contain metal and metal oxide nanoparticles, which provide numerous functional properties, such as high surface area, magnetic resonance relaxation, and electronic susceptibility. Furthermore, anti-corrosion variants find extensive applications in the automotive industry for the manufacturing of scratch-free vehicles. In addition, they are used in fasteners, body hardware, door closure, lock parts, exhaust, suspension, engine components, clamps, and hose connections. This, coupled with the increasing sales of passenger vehicles, is catalyzing the demand for smart coatings solutions around the world. Other factors, including technological advancements and the rising reliance on smartphones worldwide, are projected to facilitate the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on layer type, function and end use industry.
Breakup by Layer Type:
Single-Layer
Multi-Layer
Breakup by Function:
Anti-Microbial
Anti-Corrosion
Anti-Fouling
Anti-Icing
Self-Cleaning
Self-Healing
Others
Breakup by End Use Industry:
Smart Coatings Market Trends:
Leading players are developing environment-friendly smart coatings to minimize the emission of greenhouse gases (GHGs). This, in confluence with the thriving construction sector, represents one of the key factors propelling the growth of the market. Moreover, these coatings can contain both passive and active components so that upon application, the benefits of their prompt response based on the required stimuli can be achieved. Apart from this, most smart coatings contain metal and metal oxide nanoparticles, which provide numerous functional properties, such as high surface area, magnetic resonance relaxation, and electronic susceptibility. Furthermore, anti-corrosion variants find extensive applications in the automotive industry for the manufacturing of scratch-free vehicles. In addition, they are used in fasteners, body hardware, door closure, lock parts, exhaust, suspension, engine components, clamps, and hose connections. This, coupled with the increasing sales of passenger vehicles, is catalyzing the demand for smart coatings solutions around the world. Other factors, including technological advancements and the rising reliance on smartphones worldwide, are projected to facilitate the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on layer type, function and end use industry.
Breakup by Layer Type:
Single-Layer
Multi-Layer
Breakup by Function:
Anti-Microbial
Anti-Corrosion
Anti-Fouling
Anti-Icing
Self-Cleaning
Self-Healing
Others
Breakup by End Use Industry:
Building and Construction
Automotive
Marine
Aerospace and Defense
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, A&K Painting Company, Ancatt Inc, BASF SE, Dupont De Nemours Inc., Jotun A/S, NEI Corporation, PPG Industries, RPM International Inc., Tesla NanoCoatings Inc., The Lubrizol Corporation (Berkshire Hathaway Inc) and The Sherwin-Williams Company.
Key Questions Answered in This Report
1. What was the size of the global smart coatings market in 2022?
2. What is the expected growth rate of the global smart coatings market during 2023-2028?
3. What has been the impact of COVID-19 on the global smart coatings market?
4. What are the key factors driving the global smart coatings market?
5. What is the breakup of the global smart coatings market based on the layer type?
6. What is the breakup of the global smart coatings market based on the function?
7. What is the breakup of the global smart coatings market based on the end use industry?
8. What are the key regions in the global smart coatings market?
9. Who are the key players/companies in the global smart coatings market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Coatings Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Layer Type
- 6.1 Single-Layer
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Multi-Layer
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Function
- 7.1 Anti-Microbial
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Anti-Corrosion
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Anti-Fouling
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Anti-Icing
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Self-Cleaning
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Self-Healing
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Others
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Building and Construction
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Automotive
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Marine
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Aerospace and Defense
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 3M Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 A&K Painting Company
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Ancatt Inc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 BASF SE
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Dupont De Nemours Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Jotun A/S
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 SWOT Analysis
- 14.3.7 NEI Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 PPG Industries
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 RPM International Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Tesla NanoCoatings Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 The Lubrizol Corporation (Berkshire Hathaway Inc)
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 SWOT Analysis
- 14.3.12 The Sherwin-Williams Company
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 3M Company
List of Figures
- Figure 1: Global: Smart Coatings Market: Major Drivers and Challenges
- Figure 2: Global: Smart Coatings Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Smart Coatings Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Smart Coatings Market: Breakup by Layer Type (in %), 2022
- Figure 5: Global: Smart Coatings Market: Breakup by Function (in %), 2022
- Figure 6: Global: Smart Coatings Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Smart Coatings Market: Breakup by Region (in %), 2022
- Figure 8: Global: Smart Coatings (Single-Layer) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Smart Coatings (Single-Layer) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Smart Coatings (Multi-Layer) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Smart Coatings (Multi-Layer) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Smart Coatings (Anti-Microbial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Smart Coatings (Anti-Microbial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Smart Coatings (Anti-Corrosion) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Smart Coatings (Anti-Corrosion) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Smart Coatings (Anti-Fouling) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Smart Coatings (Anti-Fouling) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Smart Coatings (Anti-Icing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Smart Coatings (Anti-Icing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Smart Coatings (Self-Cleaning) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Smart Coatings (Self-Cleaning) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Smart Coatings (Self-Healing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Smart Coatings (Self-Healing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Smart Coatings (Other Functions) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Smart Coatings (Other Functions) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Smart Coatings (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Smart Coatings (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Smart Coatings (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Smart Coatings (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Smart Coatings (Marine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Smart Coatings (Marine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Smart Coatings (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Smart Coatings (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Smart Coatings (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Smart Coatings (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: North America: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: United States: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: United States: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Canada: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Canada: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Asia-Pacific: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Asia-Pacific: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: China: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: China: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Japan: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Japan: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: India: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: India: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: South Korea: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: South Korea: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Australia: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Australia: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Indonesia: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Indonesia: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Europe: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Europe: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Germany: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Germany: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: France: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: France: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: United Kingdom: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: United Kingdom: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Italy: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Italy: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Spain: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Spain: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Russia: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Russia: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Latin America: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Latin America: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Brazil: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Brazil: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Mexico: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Mexico: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Middle East and Africa: Smart Coatings Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Middle East and Africa: Smart Coatings Market: Breakup by Country (in %), 2022
- Figure 84: Middle East and Africa: Smart Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Global: Smart Coatings Industry: SWOT Analysis
- Figure 86: Global: Smart Coatings Industry: Value Chain Analysis
- Figure 87: Global: Smart Coatings Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Coatings Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Smart Coatings Market Forecast: Breakup by Layer Type (in Million US$), 2023-2028
- Table 3: Global: Smart Coatings Market Forecast: Breakup by Function (in Million US$), 2023-2028
- Table 4: Global: Smart Coatings Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Smart Coatings Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Smart Coatings Market: Competitive Structure
- Table 7: Global: Smart Coatings Market: Key Players
