Smart Coating Market Overview:
Smart coating is a covering composed of wide range of macromolecules that respond to a small change in the environment. It has excellent cleansing, corrosion resistance and self-dimming properties. Due to these features, they are used in biotechnology and medicine, electrical electronics, automotive, drug delivery systems, and others.
The market has driven by the growing replacement of synthetic products to smart coating in electrical electronics and automotive industries. These factors have led the major manufacturers and investors to adopt advanced coatings in end-use industries. Anti-corrosion, self-healing and anti-microbial features are the major trends and factors promoting the market positively.
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Industry/ Innovation/ Related News:
September 26, 2016- An antimicrobial admixture for concrete protection- MasterLife AMA 100 was launched by BASF to prevent the concrete structures from degradation of microorganisms. The deterioration from sewage water, bacteria and microorganisms will be prevented by the application of this product. Moreover, it improves the aesthetic and maintain the lifecycle of the structures. BASF MasterLife AMA 100 is utilized by mixing it in the batch process and becomes an important part of the concrete structure.
Smart Coating Market Competitive Landscape:
The notable players operating in the global smart coating market include;
*Dow Corning Corporation (U.S.) *Ancatt Inc. (U.S.) *PPG Industries, Inc (U.S.) *Axalta Coating Systems, LLC (U.S) *Akzo Nobel N.V. (the Netherlands) *BASF SE (Germany) *Autonomic Materials, Inc (U.S.) *3M (U.S.) *The Dow Chemical Company (U.S.) *DuPont (U.S.)
Smart Coating Market Regional Analysis:
By region, the global smart coatings market has been segmented into Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).
APAC is the largest market for smart coatings driven by rapid industrialization in the region which generates high demand for smart coatings. The flourishing automotive and construction industry, in particular, bodes well for the growth of the market. China and India are key contributors to the APAC market. Furthermore, Japan conducts various world events which have led to large-scale infrastructural development in the region and induces greater demand for smart coatings.
North America is a significant market for smart coatings, the majority of the demand coming from the US, Canada, and Mexico. The North America market is spurred by innovation and progress made in the field of nanotechnology. The Europe smart coatings market growth is expected to be stagnated by stringent rules and regulations imposed by the government on environmental safety.
Smart Coating Market Segmentation:
The global smart coatings market has been segmented based on product and application.
By product, the global smart coatings market has been segmented into single-layer and multi-layer.
By application, the global smart coating market has been segmented into automotive, aerospace defense, construction, electronics, healthcare, and others.
Smart Coating Market Table of Content:
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Smart Coating Market, By Product
5 Global Smart Coating Market, By Application
Smart Coating Market Table of Content to be Continue.......,
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