The global Smart Coating Market was valued at $1.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $14.7 Billion.
Smart coatings are coatings that respond to the environment or smart coatings materials that can adapt their properties dynamically to an external stimulus. The current trend in coating technology is to control the coating composition on a molecular level and the morphology at the nanometer scale. Smart coatings are made of programmable materials with a variety of mechanical, chemical, electrical & physical properties it responds to changes in heat, chemical, pressure, light& other stimuli.
Smart coatings are designed to remain passive unless promoted to perform a function based on the stimuli & be able to repeat the process over & over up to thousand or more cycles & spanning several years.
“Optimal Price Point (OPP) for Smart Coating”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Smart Coatingare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Smart Coating Market “by Product Categories”
We have segmented the Smart Coating based on product categories as Single-layer & Multi-layer. Single layers coating is findings a range of application in many engineering sectors & there an increase of many application where single layer coating is not applicable,therefore multi-layers Coatings are used for specific applications for high intrinsic compressive stress. a multi-layer can be used to maintain the use of mechanical properties of the DLC while reducing the internal stress, it has been successfully demonstrated in various applications especially for wear protection.
Smart Coating Market by “Application”
We have segmented the Smart Coating market based on product types are Automotive, Aerospace, Construction, Military, Healthcare.
In automotive smart coating helps to enhance asset life by limit damage caused by corrosion & also bring down to maintenance cost like it is quietly used in cam & tappet in the valve train, piston & piston rings & cylinder bore, piston pins & bearings. In aerospace Smart coating are mostly used for protection & Aesthetic appearance It can help in enhancing surface protection, increasing functionalization of the surface, improving paint life. In construction, it is used for high physical performance, Long lasting gloss retention, high chemical abrasion resistance, easy graffiti removal.
We have observed the maximum use of smart coating application in automotive & military sectors owing to the improved & advance product properties is expected to drive industry growth.
North America accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Smart Coating followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2025.
The key regions analyzed in the study include North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. In 2017, North America held the largest share for Smart Coatings market due to the demand for Automotive & military sectors. The Asia Pacific is expected to have the highest growth due to China & this would be followed by Europe.
Expanding, Helicopters, cargo fleet, commercial & passenger flight, vehicles with the increasing populations generates a demand for Smart Coating. We are observing that a Smart Coating material are a good option as it can create a good impact on Aircraft industries, military wings, & automotive industries
“Competitive Landscape” and“Merger & Acquisition Insights”
The key market participants include Nippon Paint, Asian Paints, Shawcor, Sherwin Williams, Hempel, Dulux Group, SK Kaken, BASF Coatings are few major players in Smart Coatings markets. The market of Smart Coating is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Smart Coating Market by-product Categories (Revenue, Million, 2014 – 2025)
- Single Layer
Smart Coating Market by Application (Revenue, Million, 2014 – 2025)
Smart Coating Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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