The worldwide market for automotive coatings is estimated to grow at a CAGR of 6.4% between 2018 and 2026. Increasing use of coating materials in automobiles owing to its growing popularity as barriers to car paints from extreme heat, acid rain, dust, UV radiations etc. along with its characteristics of enhancing vehicle appearance are expected to be the major factors driving the automotive coatings demand. These products and the specific processes that are used for coating surfaces of automobiles illustrate the ultramodern technologies that are capable of producing durable surfaces of automobile, exceed expectations of customers’ for maximizing efficiency, appearance, along with meeting environmental regulations.

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Smart coatings with self healing capacity response to the environmental changes and enhance the coating life. They are very responsive to abrasives, mechanical trigger, corrosion or sound proofing, in which these products self heal and adapt according to diverse environmental responses. Self-healing coatings have become very popular among these product types. These are achieved by employing a particular shape memory polymer that is actually triggered with humidity and temperature manipulation also with UV radiation. Other form of smart coatings includes the ones with capabilities of internal sensing.This entails active or passive triggering of several fluorescent quantum dots or molecules. These advancements in such technologies are projected to further increase the acceptance of these products in the automotive industry.

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Asia Pacific is expected to account for the maximum demand for these products in the next eight years. With increasing production of vehicles in the region especially in China, Japan, India, Korea and even Australia demand for these products are anticipated to grow even higher. North America was also a potential market in terms of production of these substances. Consumption of these products have been also been seen increasing on a yearly basis.

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