Global Smart Coatings Market Size, Trends & Growth Opportunity By Sensing Type (pH, Ionic strength, Temperature, Pressure, Surface tension, Electric or magnetic field, Light, Sound, and Mechanical forces), By Application (Medical Fields, Military applications, IT Technologies, Aerospace, Food & Packaging, Agriculture, Automotive, Architectural, Industrial, Household, Cosmetic & Personal Care, and

Global Smart Coatings Market

The Global Smart Coatings Market is expected to grow from US$ 3.1 Billion in 2021 to US$ 26.07 Billion by 2027; it is estimated to grow at a CAGR of 27.07% from 2021 to 2027.

Smart coatings are specialised films with unique features including the ability to sense and react to external stimuli. Current, pressure, and light are examples of external stimuli. Because of their ability to repair themselves, they are suitable for applications involving surface development, material protection, and corrosion prevention. Hydrophobic, antibacterial, anticorrosive, self-cleaning, anti-fogging & de-icing, and anti-fouling are further noteworthy qualities of the coating.

Smart coatings are designed to function depending on stimuli and to be able to repeat the process up to thousands of times over many years, until persuaded to do otherwise. Their ability to detect and prevent corrosion, on-demand administration of corrosion inhibitors, and environmental friendliness are further benefits.

Drivers: The need to respond to environmental or external stimuli and modify characteristics in order to improve performance, the rising demand for smart coatings in the construction and display industries due to their self-cleaning and self-healing properties, and the rising demand for improving system efficiency by reducing inspection times, maintenance costs, and equipment downtime are the main factors anticipated to propel market revenue growth during the forecast period.

Restraints: On the other hand, during the period covered by the forecast, the market for smart coatings will face significant obstacles due to the strict environmental protection rules.

Impact of Covid-19

The smart coatings business incurred huge losses as a result of the COVID-19 outbreak. Throughout the pandemic, a number of production sectors were shut down due to an increase in coronavirus cases. Manufacturing facilities in sectors like automotive, aerospace and defence, construction, and consumer electronics suffered greatly as a result of the closures and lockdowns. The COVID-19 epidemic also hampered the supply chain, which caused another slump in the sector. However, according to our analysis of the smart coatings market, the sector will do well in the years to come. Smart coatings market revenue is primarily driven by rising technological developments in the electronics sector as well as growing R&D in the coatings sector.

Segmentation By Sensing Type: The pH, Ionic strength, temperature, pressure, surface tension, electric or magnetic field, light, sound, and mechanical forces segments make up the global smart coating product market (sensing types). Due to the temperature sensor coating on plastic and silk threads, these materials are used in surgical procedures. In industrial safety, pressure sensor coating is utilised.

Segmentation By Application: The medical field, military applications, IT technologies, aerospace, food & packaging, agriculture, automotive, architectural, industrial, household, cosmetic & personal care, and apparel segments make up the worldwide smart coating end user application market. This would be highly accepted in the military and medical fields, as well as in other areas where performance and quality are more important than cost.

Segmentation By Region: Smart Coatings Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Smart Coatings Market is anticipated to expand at the fastest CAGR in the Asia Pacific region over the course of the forecast period. China is the world's biggest producer of autos. The automobile industry in the nation has expanded in preparation for product evolution, with the nation focusing on product manufacture to guarantee fuel efficiency and minimise emissions. This element is anticipated to fuel market expansion in the area.

Competitive Landscape: The key players of Smart Coatings Market are 3M, Axalta Coating Systems, PPG Industries, Akzonobel, Jotun, Hempel, RPM International, Sherwin-Williams, NEI Corporation, and DOW Corning Corporation.

Industrial Development

• In August 2019, University of Ferrara researchers revealed that adding 5-mercapto-1-phenyl-tetrazole to -cyclodextrin for entrapment in silane coatings improved the protection against bronze corrosion.
• Saccharomyces cerevisiae yeast extract and regenerated silk were combined by researchers from the University of Perugia to create nanofibril-based thin films with heat-responsive wrinkled states for smart food packaging.
• The synthesis of hollow mesoporous silica nanoparticles for intelligent corrosion protection was disclosed in June 2018 by researchers from Spain's National Centre for Metallurgical Research.

Market Taxonomy

By Sensing Type

• pH
• Ionic strength
• Temperature
• Pressure
• Surface tension
• Electric or magnetic field
• Light
• Sound
• Mechanical forces

By Application

• Medical Fields
• Military applications
• IT Technologies
• Aerospace
• Food & Packaging
• Agriculture
• Automotive
• Architectural
• Industrial
• Household
• Cosmetic & Personal Care
• Apparel

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Smart Coatings Market?
• What will be the growth rate from 2020 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?