According to a new market report by Lucintel, the future of the smart coating market looks promising with opportunities in the automotive & transportation, marine, aerospace & defense, and building & construction industries. The smart coating market is expected to grow with a CAGR of 22% from 2019 to 2024. The major growth driver for this market are growing demand for smart coatings from end use industries due to its various functions, such as anti-corrosion, anti-icing, anti-fouling, anti-microbial, self-cleaning, and self-healing.
In this market, anti-corrosion, anti-icing, anti-fouling, anti-microbial, self-cleaning, and self-healing are the major function type. Self-cleaning is the largest segment of the smart coating market.
Within the smart coating market, automotive & transportation, marine, aerospace & defense, and building & construction are the major end use industries of smart coating market.
Single layer and multi-layer are the major layer types of the smart coating market.
Europe will remain the largest market over the forecast period due to growth in the automotive industry and growing electronic operations in the region.
3M, PPG Industries, AkzoNobel, Axalta Coating Systems, Hempel, Jotun, DOW Corning Corporation, Sherwin-Williams, RPM International, and NEI Corporation are among the major manufacturers of smart coatings.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart coating market by end use industry, function, layer, and region. Lucintel has prepared a comprehensive research report entitled "Smart Coating Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart coating market by end use, function, layer, and region as follows:
By Layer [$M shipment analysis for 2013 – 2024]:
• Single layer
• Multi-layer
By Function [$M shipment analysis for 2013 – 2024]:
• Anti-Corrosion
• Anti-Icing
• Anti-Fouling
• Anti-Microbial
• Self-Cleaning
• Self-Healing
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Automotive & Transportation
• Marine
• Aerospace & Defense
• Building & Construction
By Region [$M shipment analysis for 2013 – 2024]:
• North America
− US
− Canada
− Mexico
• Europe
− Germany
− Spain
− France
− United Kingdom
− Russia
• Asia Pacific
− China
− Japan
− India
− South Korea
− Thailand
• The Rest of the World

More than 150-page research report will enable you to make confident business decisions in this competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the smart coating market by layer (single layer and multi-layer), function (anti-corrosion, anti-icing, anti-fouling, anti-microbial, self-cleaning, and self-healing), end-use industry (automotive & transportation, marine, aerospace & defense, and building & construction), and region (North America, Europe, APAC, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the smart coating market?
Q.5 What are the business risks and threats to the smart coating market?
Q.6 What are emerging trends in the smart coating market and the reasons behind them?
Q.7 What are some changing demands of customers in the smart coating market?
Q.8 What are the new developments in the smart coating market? Which companies are leading these developments?
Q.9 Who are the major players in the smart coating market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the smart coating market?