Coating is referred to as a covering that is employed to the surface of an object to safeguard it from environmental pollution. Other determinations of coating include decorative or operational. Coating can be applied to wholly cover the surface or only to certain portions of the object. Paints and lacquers are majorly utilized as coating materials to safeguard and decorate the surface of an object.
Presently, smart coating has penetrated the market broadly. Smart coatings are layers or films made of coating materials, which have pre-defined characteristics of transforming their properties in reaction to external stimuli. External stimuli may comprise the electric current, light, and pressure. Smart coating can be personalized to encounter the requirements of customers. Smart coating has obtained popularity majorly owing to its competitive advantages over regular coating in an extensive range of applications.
According to the report analysis, ‘Global Smart Coatings Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that Dow Chemicals, Debiotech SA, New Energy technologies, Ancatt Inc., BASF, Dow Corning, DuPont, PPG Industries, Research Frontiers, Inc., Cima Nano tech., Nano shell, AkzoNobel, 3M Company, Balcony Systems Solutions Ltd and many more are the foremost companies which presently operating in the global smart coatings market more proficiently for ruling around the globe, registering the great value of market share, keep maintaining the governing position, generating the highest percentage of revenue and obtaining the competitive edge by analysing the strategies and policies of government as well as contenders, increasing the features and benefits of smart coatings, delivering the better customer satisfaction, decreasing the associated prices of such, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of smart coatings, and improving the qualitative and quantitative measures of such.
The market growth is propelled by the rise in requirement for smart coatings from end-use industries, such as automotive & transportation, aerospace & defense, and marine. Geographically, the global smart coating market is classified into Asia Pacific, North America, Europe and rest of the world. Though smart coating has great requirement in Europe, the producers are suffering from negative biological and environmental issues such as ‘greenness’. This limits the manufactures from bulk introduction of coating materials. Due to some of the prominent world events such as Dubai’s world expo trade convention, FIFA world cup in Qatar and massive infrastructural development plan of UAE, the requirement for smart coating would augments in Asian regions.
Growing utilization of the product in military applications owing to increasing demand for customizations, comprising smart self-repair, artificial intelligence, and sensing capabilities is projected to influence growth. The concerns of bio-fouling, microbial attacks, and so on are addressed by the compound in the marine end-use sector. Furthermore, the product assistances mitigate maintenance challenges in the aerospace industry, which is a foremost driver encouraging the product demand. Therefore, it is predicted that during the near years the market of smart coating will develop over the review period more proficiently.
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Ankur Gupta, Head Marketing & Communications