The growing demand for smart coatings from end-use industries, such as automotive & transportation, aerospace & defense, marine, and building & construction, is driving the smart coatings market. This factor has encouraged many companies to adopt various developmental strategies in the smart coatings industry. New product launch accounted for the largest share of all the strategies adopted by the market players between 2015 and 2017. This growth strategy was adopted by the players to increase their foothold and maintain sustained growth in the smart coatings market. AkzoNobel (Netherlands), PPG Industries (US), Axalta Coatings Systems (US), The Sherwin-Williams Company (US), Jotun A/S (Norway), RPM International (US), Hempel A/S (Denmark), and NEI Corporation (US) are some of the leading smart coatings manufacturers who have adopted this strategy to develop their businesses, globally.
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Besides new product launch, companies have also adopted expansion and acquisition strategies to expand their market share and distribution network. These strategies accounted for a significant share of the overall growth strategies adopted by the players in the smart coatings market between 2015 and 2017.
AkzoNobel (Netherlands), PPG Industries (US), and Axalta Coatings Systems (US) are the most prominent players in the smart coatings market. These companies have mainly adopted new product launch and expansion strategies in the past two years to achieve growth in the smart coatings market.
PPG Industries manufactures and distributes coatings and glass products. The company operates in five segments, namely, performance coatings, industrial coatings, architectural coatings, optical & specialty materials, and glass. The company also provides industrial and automotive coatings to manufacturing companies; adhesives & sealants to the automotive industry; metal pretreatments & related chemicals for industrial and automotive applications; and packaging coatings to aerosol, food, and beverage container manufacturers. PPG Industries manufactures anti-fouling coatings, such as SIGMAGLIDE 1290, SIGMA ECOFLEET 690, SIGMA NEXEON 710, SIGMA ECOFLEET 530, and SIGMA NEXEON 710, which can be used in coastal ship operation for anti-fouling functions. In July 2017, PPG Industries (US) launched KWIKSPAR 600 and 600SG polyaspartic coatings, a line of corrosion-resistant, direct-to-metal (DTM) coatings that provide an ultrafast-drying alternative to traditional three-coat corrosion protection systems.
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AkzoNobel is a diversified chemical company operating in three segments, namely, decorative paints, performance coatings, and specialty chemicals. Smart coatings are manufactured under the performance coatings segment. The company has a strong customer base and operates in many countries of Europe, North America, APAC, South America, and the Middle East. The company manufactures anti-fouling coatings under brands such as Intercept, Intersmooth, Interspeed, and Interswift. In September 2015, AkzoNobel partnered with BioCote to expand their world-class Interpon brand to create Interpon AM, which is an antimicrobial powder coating used to protect the surface from microbial growth and degradation.
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Smart coatings are those types of coatings which are technologically developed to change their properties in response to the environmental stimulus.
Due to its protective property smart coating is gaining popularity in commercial application segment.
It can indicate damage on an aero engine or oil and gas platform or even in a composite which is used to save weight on an aircraft.
It could be a wall for a packaging film application and also be transparent and allows moisture.
Due its special character, it is being adopted to many application segments such as military, aerospace, hospitals, automobiles.
Single layer coating product segment created a CAGR of 24.5% in terms of volume which increased the demand for single coat with multiple functionalities.
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Smart Coatings market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
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The latest trending report Global Smart Coatings Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Smart Coatings market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 13.0% in the forecast period of 2020 to 2025 and will expected to reach USD 4056.7 million by 2025, from USD 2492.3 million in 2019.The Smart Coatings market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/46316-smart-coatings-industry-analysis-reportThe major players covered in Smart Coatings are: 3M Sherwin-Williams Axalta Coating Systems PPG Industries Dow Corning Akzonobel NEI Jotun Hempel RPM International Royal Dsm Helicity Technologies Hygratek Greenkote Tesla Nanocoatings Nanoshell Company CG2 Nanocoatings AncattBy Type, Smart Coatings market has been segmented into Anti-corrosion Anti-icing Anti-fouling Anti-microbial Self-cleaning Self-healingBy Application, Smart Coatings has been segmented into: Automotive & Transportation Marine Aerospace & Defense Building & ConstructionThe report offers in-depth assessment of the growth and other aspects of the Smart Coatings market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Smart Coatings Market @ https://www.decisiondatabases.com/contact/download-sample-46316The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Smart Coatings product scope, , market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Smart Coatings, with price, sales, revenue and global market share of Smart Coatings in 2018 and 2019.Chapter 3, the Smart Coatings competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Smart Coatings breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Smart Coatings market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Smart Coatings sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Smart Coatings Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-46316All Coatings Related Reports by DecisionDatabases.com @ https://goo.gl/JEYn74About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
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