Smart Coatings Fill the Gaps Across Various Industries

DEHRADUN, India - Aug. 8, 2022 - PRLog -- The total addressable market for Key Smart Coating is projected to reach USD XX billion by 2027, according to QuantAlign Research. Multi functionality, improved durability, simplicity of application, faster curing, sustainability are all factors that will influence the future of smart coating in the various industry. Over the next few years, lowering prices for current high-volume, mature products will be critical.

Cross-value-chain collaboration is evident in the development of coating formulation technologies that, in turn, provide solutions to the most pressing needs of end users. The collaboration and strategic partnership are the key to success because it adds value to each node in the value chain.

Key Insights

Ø  Companies are eager to uncover technology developed by startups and academic institutions and partner with them to bring them to market if warranted. To develop smart coatings and apply new technologies such as artificial intelligence to paint formulation and manufacturing, there is need for a greater readiness to spend in longer-term research and development. Another area of focus is the more effective application of nanotechnology to coatings

Ø  Material scale-up, toxicological evaluation competences, ground-level coatings formulation and evaluation capabilities, and computational machine learning platforms that enable shorter innovation lifecycles will be key to achieving this in the most effective way

Ø  In the future, smart coatings is expected to emerge as a significant business opportunity. Large corporations are expected to make significant expenditures in this sector, and several have already done so. These enterprises will include not only coatings manufacturers, but also significant glass manufacturers and others farther up the supply chain

Ø  Smart coatings market has experienced varied developments per region, mainly affected by factors like consumer awareness, product cost, presence of key players, EV/autonomous fleet size and high degree of technological adoption. While the automotive industry is moving towards cost-efficient multifunctional coatings, the trends vary geographically based on regional demand and developments

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Some of the major players operating in the key smart coating market include 3M, AnCatt, Bayer AG, Akzo Nobel, PPG Industries, Croda International, Luminary Chemical  , 3E Nano , CHOOSE NanoTech ,  C-Bond Systems, Segula Nano technologies, The Dow Chemical Company, Research Frontier Inc., DuPont,  are among others

The report examines and provides an extensive overview of the key smart coating market. The report identifies key industry trends, and covers key smart coating market landscape in the regions. The report builds a short- and long-term forecast model covering the period between 2022 to 2027.

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