is generally defined a layer which is applied to the surface of an object to protect it from environmental impacts apart from protecting against environmental impacts other purposes of coating include decorative or functional. Coating can be applied to completely cover the surface or only to certain parts of the object. Paints and lacquers are majorly used as coating materials to protect and decorate the surface of an object. Smart coating has gained huge popularity within short time and has penetrated the market extensively. Smart coatings are layers or films made of coating materials, which have pre-defined characteristics of changing their properties in reaction to external stimuli. External stimuli may include electric current, light, and pressure .Smart coating can be customized to meet the requirements of customers. Smart coating has gained popularity majorly due to its competitive advantages over regular coating in a wide range of applications. Globally increasing popularity of smart coatings in wide range of applications is expected to be the key growth driver during the period of study.
Geographically Europe dominated smart coating market
owing to the higher penetration and acceptance of smart coating into major applications. Europe was followed by North America and Asia-Pacific as second and third largest market for smart coating market. Asia Pacific is projected to have fastest growth, owing to rapidly developing industrial infrastructure as a result of growing industry base as a shifting of global manufacturing base in the region and, government initiatives in developing nations such as China, and India in this region.
This report identifies the global smart coating market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global smart coating market.This report segments global smart coating market on the basis of product, application and regional market as follows:
- Smart Coating Market research report is classified on the basis of application. Some of the major applications of smart coating covered in this report are as follows: Automotive, Aerospace, Construction, Consumer Electronics, Military, Healthcare and others
- Smart Coating Market research report is classified on the basis of product type. Some of the major product type of smart coating covered in this report are as follows: Single Layer and Double Layer
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the smart coating market. Some of the major companies’ profiles in detail are as follows:
- Bayer AG
- 3M Company
- PPG Industries
- BASF SE