In a recent published report, Kenneth Research has updated the Smart Coating Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Smart Coating Market products.
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According to the statistics by the World Bank the valued added in manufacturing by chemicals in the United States increased from 11.838% in the year 2000 to 16.439% in the year 2018. In Denmark, it increased from 16.816% in 2009 to 26.594% in 2018.
In this report, the smart coating market was recorded at USD 1.65 Billion in 2016, and is projected to reach USD 11.72 billion by 2025, growing at a CAGR of 24.50% over the forecast period.
“Smart Coating Market”, published by Xpodence Research, provides extensive insight and analysis of the Smart Coating Market over the next eight years (2015-2025) and acts as a vital point of reference for operators or suppliers.
Smart coatings are capable of responding to external changes in their environment and can elicit a sensory response to environmental stimuli including change in electric current or temperature and respond dynamically. Increasing development in nanotechnology and materials advancement has led to new opportunities for multi-functional coatings, able to respond for corrosion, stress, radiation, pressure, and biological stimuli.
Growing applications in end-user industries such as aerospace, military and healthcare is projected to drive the market. Increasing demand for anti-corrosion coatings from the automotive segment for the protection of body parts, such as lock parts, door closures, exhausts, suspensions, clamps & hose connections and engine components, against abrasion, is expected to spur the global smart coatings market.
Asia Pacific region has been projected to witness the enormous growth owing to high rate of infrastructure development; rising demand for consumer electronics; and increasing demand in military for coating with artificial intelligence and anti-corrosive properties. North America industry is expected to witness higher growth than Europe region owing to increasing technological advancements in the field of Nano-material, combined with new product developments compliant with the environmental regulations in the region.
The report includes –
Segmentation: On the basis of function, this report displays the revenue, market share and growth rate of each type, primarily split into
On the basis on the end-user, this report focuses on the status and outlook for major applications, market share and growth rate for each end-user industry, including
• Consumer Electronics
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Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Billion USD), market share and growth rate of Smart Coating Market for these regions, from 2015 to 2025 (forecast)
• North America: U.S., Rest of North America
• Europe: Germany, France, UK, rest of Europe
• Asia Pacific: China, Japan, India and Rest of Asia Pacific
• Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
• Latin America: Brazil and Rest of Latin America
Key players: Overview of market leaders in smart coating market by top manufacturers/players, with smart coating revenue (Billion USD) and market share for each manufacturer/player; the top players including 3M, PPG Industries, Royal Dsm, Akzonobel, Axalta Coating Systems, Hempel, DOW Corning Corporation, Jotun, NEI Corporation, Sherwin-Williams, RPM International, Greenkote, Hygratek, Nanoshell Company, Ancatt, Tesla Nanocoatings, CG2 Nanocoatings and Helicity Technologies.Increasing consumer preferences towards packaged and fresh food is also anticipated to augment market growth. Factors including minimal packaging wastes; rising demand in food and beverages sector, retail & pharmaceuticals industries; home & personal care goods is expected to drive the global thermoform packaging market.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys
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