Market Forecast to 2026: Smart Coatings Market
"The Global Smart Coatings Market is estimated to value USD 2,895.62 million in 2021. The market had a very minimal decline rate of 0.24% in 2020 from 2019 where the overall smart coatings market was not much affected. Moreover, the global smart coatings market is poised to grow at a CAGR of 20.75% over the forecast period 2021-2026." - AKI Research
By function, the smart coatings market is segmented as anti-corrosion, anti-icing, anti-microbial, anti-fouling, self-cleaning, self-healing, and others (superhydrophobic, anti-fog, self-dimming, etc.) The anti-microbial smart coatings market accounted for the largest market share (i.e. 26.40%) in 2021, however, the anti-corrosion smart coatings market is forecast to be the largest market by function with a share of 25.99% by 2026. The self-healing smart coatings market is forecast to have the highest CAGR of 32.46% over the forecast period.
By region, in 2021, North America accounted for the largest market share in the global smart coatings market (i.e. over 34.69%) followed by Asia-Pacific and Europe. Over the forecast period, the Asia-Pacific region will have the highest CAGR of 23.96% followed by Europe and North America. It is forecast that North America will remain to be the largest market in smart coatings over the forecast period, and the region will have an incremental market size growth of about USD 1,460.35 million.
Key players in the smart coatings market study include AkzoNobel NV, Axalta Coating Systems, LLC, PPG Industries Inc., The Sherwin-Williams Company, Hempel A/S, Jotun, RPM International, NEI Corporation, AnCatt, BASF SE, DuPont, Helicity Technologies, Inc., etc. among others.
Important Questions that our Smart Coatings Market Research Report will answer:
What is the total smart coatings market size y-o-y basis (2016-2026) and CAGR for the forecast period (2021-2026)?
What are the key market dynamics i.e. market drivers, market restraints & challenges impacting the smart coatings market?
What are the key opportunities in the smart coatings market that will have a significant impact in the future?
How does Porter's Five Force Model make us understand the market scenario?
What are the region and countries covered in this market?
What are the key market segmentation of the smart coatings market and how each sub-segment is performing year on year by region or country?
Which regional market segment accounted for the largest smart coatings market share?
Who are the top key players in the smart coatings market and how much market share (estimated or actual) do they account for?
What are the recent developments, new product development or technologies, mergers & acquisitions, collaboration, joint ventures, etc. in the smart coatings market?
What are the key takeaways from the company profiles in the report?
What are the impacts of the covid-19 pandemic on the smart coatings market in each region and country since 2020?
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