Global Smart Coating Market Overview:
Smart coatings have predefined properties that make them sense and respond to environmental and other external stimuli. The coatings have self-healing and self-repair properties which make them suitable for corrosion protection, material protection and other surface advance applications. For corrosion safety, the smart coatings functionalities include sensing, warning, corrosion inhibition and repair. Smart coating diminishes the need for fixing corroded areas to extend the life of components and structures made from corrosive materials and have the ability to detect and avoid corrosion and being environmentally friendly.
- Rising Demand from End User Industries
- Increasing Investments for Infrastructure Facilities in the Construction Industry
- Increasing Demand for Consumer Electronics
- Emerging Technologies Such As Conductive Materials, Nanotechnology
- High Cost and Environmental Issues
- Increasing Demand for Products Requiring Low Maintenance
- Increasing Demand for Automobiles in Emerging Economies
- Low Durability in Extreme Weather Conditions
Some of the key players profiled in the report are AkzoNobel (Netherlands), PPG Industries (United States), Axalta Coatings Systems (United States), The Sherwin-Williams Company (United States), RPM International (United States), Hempel (Denmark), NEI Corporation (United States), BASF SE (Germany), Eastman Chemical co. (United States) and Nippon Steel Trading Co., Ltd. (Japan). Additionally, following companies can also be profiled that are part of our coverage like Research Frontiers Inc. (United States), Jotun (Norway) and AnCatt, Inc. (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Smart Coating market by 2024. Considering Market by Functions, the sub-segment i.e. Self-Healing will boost the Smart Coating market.
On April 17, 2019 PPG has announced that it has completed its acquisition of automotive coatings manufacturer Hemmelrath, a manufacturer of coatings for automotive original equipment manufacturers (OEMs).
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Coating market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Coating market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Smart Coating, Suppliers of Smart Coating, Wholesalers, Distributors and Retailers of Smart Coating, Suppliers of Raw Material and Industry Association.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.