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Published on : Apr 13, 2017

Albany, New York, April 13, 2017: The report has been prepared to serve as a trustworthy business document for targeted audiences such as manufacturers of smart coatings materials, traders and distributors of these materials, and vendors of the end-use industry such as automotive, aerospace, and hospitals. This report also profiles a number of leading companies currently active in the global smart coatings market, estimating their shares in the global market, product range, and geographical presence. 

The report observes that the material that are prone to changing properties under different environment such as electric field, temperature, and heat, require smart coatings in order to increase durability and presentation. Smart coatings offer advantages such as anti-corrosive, self-assembling, and self-healing. Increasing demand from various end-use industries including military and healthcare is the primary driver of the global coatings market. Self-stratifying coating are now preferred by the automobile sector owing to cost and resource challenges pertaining to the application of second coating on automobile parts. 

The prosperity of consumer electronic industry, increasing military spending in emerging economies, and incremented research and development in the field of nanomaterials are some of the other key factors driving the global smart coatings market. On the other hand, environmental and health hazards associated with nanomaterials is expected to challenge the market from reaching its full potential during the forecast period of 2017 to 2022.

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Based on product, the report segments the global smart coatings market into single-layer and multilayer. Currently, multilayer smart coatings market segment is most lucrative with growing demand from the automotive sector, owing to its properties of anti-corrosion and self-healing. Application-wise, the report categorizes the smart coatings market into automotive, construction, aerospace, healthcare, consumer electronics, and healthcare. Currently, the automotive sector serves the maximum demand, although the prosperity of the smartphone industry is expected to increment the demand exponential over the course of next few years.

Geographically, the report studies the potential of the regional markets for smart coatings in North America, Europe, China, Japan, Southeast Asia, and India. Currently, Asia Pacific is the most profitable region with a flourishing building and construction industry, high demand for electronic goods, and increasing disposable income among the urban population.

DuPont, 3M Company, BASF, Dow Chemicals, PPG Industries, Dow Corning, and AkzoNobel are some of the leading companies in the global smart coatings market that have been profiled in the report. The report overviews their product portfolio, estimates their shares at the global level, and analyzes the latest strategic decisions. In order to represent the cost analysis of smart coatings manufacturing, the report throws light on key raw materials, price trend and key suppliers of raw materials, labor cost, and overall manufacturing expenses. The report also contains dedicated chapters on industrial chain and marketing strategy analysis.

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