Smart Coatings Market Size to Reach Revenues of over USD 11 Billion by 2026 - Arizton - Seite 2

• Single Layer
• Multi-Layer

Smart Coatings Market by Function Type

• Anticorrosion
• Antimicrobial
• Anti-Fouling
• Self-Healing
• Self-Cleaning
• Anti-Icing

Smart Coatings Market by End-user

• Automotive
• Aerospace
• Consumer electronics
• Construction
• Marine
• Healthcare
• Others

Smart Coatings Market – Dynamics

Smart coatings that contain encapsulated inhibitors will reduce the time taken for reformulation. A pH-sensitive microcapsule is the key component in designing smart coatings. There are various methods available to formulate microencapsulation, including spray drying, emulsion, polymerization, and interfacial polymerization. These microcapsules can be incorporated into different types of coatings. Epoxies, acrylics, urethanes, and powder coatings can also be used as additives for both liquid and powder coating applications. A smart coatings system based on pH-sensitive microcapsules is used for corrosion detection, corrosion inhibition, and self-healing functions. Various pH-sensitive microcapsules with different solvents are synthesized through interfacial polymerization reaction in an emulsion.

Key Drivers and Trends fueling Market Growth:

• Growing Demand from Automotive Industry
• Superior Properties of Smart Coatings
• Growth in End-user Industries
• Emergence of New Technologies

Smart Coatings Market – Geography

The APAC region is the largest market for smart coatings. The region accounts for over 46% share of the global smart coatings market. China, India, and Japan are the major contributors. The demand for smart coatings in China is driven by increasing investments in the construction, marine, and defense industries. The increasing need for energy and transportation is also fueling the growth of the smart coatings market in the country. The development of high-quality infrastructure sector in China and India has become one of the significant factors in driving the demand for smart coatings. China is the major producer and consumer of smart coatings in the region. Reviving both the demand and supply sides of the market is expected to bring back normalcy in the market. Rapid urbanization and infrastructure development have resulted in the rise of megacities in the fast-growing economies of the region. Growing urban population and renovations have also supported the growth of the construction industry.