Global Smart Coatings Market is Estimated to Reach $10 Billion by 2025
Global Smart Coatings Market report published by Accurize Market Research forecast that the global market is expected to reach $10 billion by 2025; growing at a CAGR of 24.4% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Enhancement of fabrication technology and rising adoption of smart coated materials around different industry verticals to drive the growth of the market
Enhancement of fabrication technology and the rising adoption of smart coated materials around different industry verticals fuels the demand for the global smart coatings market. Furthermore, rising product use by automobile manufacturers to provide technologically innovative automobile displays and infotainment system also boosts the growth of the market.
The global smart coatings market has been bifurcated on the basis of function, major segments, end-use industry, and geography. By function, the market is classified into anti-corrosion coatings, self-healing, self-cleaning, antimicrobial, anti-icing, antifouling and others. Major segments include multi-layer and single layer. Further, the end-use industry segment contains building and construction, automotive, aerospace, military, healthcare, consumer electronics, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
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Top players in the market
The key market players include 3M, AkzoNobel N.V., Axalta Coating Systems, Advanced Polymerics Inc., Ancatt Inc., Adapta Color S.L, Aculon, Basf SE, Balcony Systems Solutions Ltd., Croda International Plc, and Cg2 Nanocoatings, among others.