Smart Coating Market Overview
Smart coating is a covering composed of wide range of macromolecules that respond to a small change in the environment. It has excellent cleansing, corrosion resistance and self-dimming properties. Due to these features, they are used in biotechnology and medicine, electrical & electronics, automotive, drug delivery systems, and others. The market has driven by the growing replacement of synthetic products to smart coating in electrical & electronics and automotive industries. These factors have led the major manufacturers and investors to adopt advanced coatings in end-use industries. Anti-corrosion, self-healing and anti-microbial features are the major trends and factors promoting the market positively.
Globally, Asia Pacific is the leading region in the market on account of growing consumption of intelligent coatings in construction, electrical & electronics, and military sectors. These coverings are used to impart corrosion resistance and responsive nature to the final product. Growing population and increasing demand in end-use industries have propelled the market to witness a remarkable growth in the market during the assessment period. Furthermore, rapid urbanization coupled with technological advancement proposed are driving the market in the developing countries such as India, Vietnam and Malaysia. The North American region is expected to witness a higher CAGR in U.S., Canada and Mexico owing to the growing consumption of advanced materials in end-use industries.
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Smart Coating Market Key Players:
3M (U.S.), Akzo Nobel N.V. (the Netherlands), Ancatt Inc. (U.S.), Autonomic Materials, Inc (U.S.), Axalta Coating Systems, LLC (U.S), BASF SE (Germany), The Dow Chemical Company (U.S.), Dow Corning Corporation (U.S.), DuPont (U.S.), and PPG Industries, Inc (U.S.) are some of the major players profiled in MRFR Analysis and are at the forefront of competition in the Global Smart Coating Market Industry.
Smart Coating Market- Competitive Landscape
The global COVID-19 analysis on smart coating market has observed a significant growth and their demand is increasing in the major industries. The major players in the market have adopted responsive coatings in order to impart the anti-microbial, corrosion resistance and cleansing properties to the product. 3M Akzo Nobel N.V., Ancatt Inc., Autonomic Materials, Inc, Axalta Coating Systems, LLC, BASF SE, The Dow Chemical Company, Dow Corning Corporation, DuPont, and PPG Industries, Inc are the major players functioning in the market. These companies are focusing on creating new strategies, development, mergers and acquisitions in cementing their positions in the smart coating market. Moreover, the key trends and factors witnessed in the market are growing replacement of synthetic materials by responsive coatings in order to impart the responsive and stimulus nature to the product.
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.
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