The global smart coating market is expected to grow at a CAGR of 22% from 2019 to 2024


   October 17, 2019
According to a new market report by Lucintel, the future of the smart coating market looks promising with opportunities in the automotive & transportation, marine, aerospace & defense, and building & construction industries. The smart coating market is expected to grow with a CAGR of 22% from 2019 to 2024. The major growth driver for this market are growing demand for smart coatings from end use industries due to its various functions, such as anti-corrosion, anti-icing, anti-fouling, anti-microbial, self-cleaning, and self-healing.

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In this market, anti-corrosion, anti-icing, anti-fouling, anti-microbial, self-cleaning, and self-healing are the major function type. Self-cleaning is the largest segment of the smart coating market.

Within the smart coating market, automotive & transportation, marine, aerospace & defense, and building & construction are the major end use industries of smart coating market. Single layer and multi-layer are the major layer types of the smart coating market.

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Europe will remain the largest market over the forecast period due to growth in the automotive industry and growing electronic operations in the region.

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3M, PPG Industries, AkzoNobel, Axalta Coating Systems, Hempel, Jotun, DOW Corning Corporation, Sherwin-Williams, RPM International, and NEI Corporation are among the major manufacturers of smart coatings.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart coating market by end use industry, function, layer, and region. Lucintel has prepared a comprehensive research report entitled "Smart Coating Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart coating market by end use, function, layer, and region as follows:

By Layer [$M shipment analysis for 2013 – 2024]:



  • Single layer


  • Multi-layer


By Function [$M shipment analysis for 2013 – 2024]:



  • Anti-Corrosion


  • Anti-Icing


  • Anti-Fouling


  • Anti-Microbial


  • Self-Cleaning


  • Self-Healing


By End Use Industry [$M shipment analysis for 2013 – 2024]:



  • Automotive & Transportation


  • Marine


  • Aerospace & Defense


  • Building & Construction


By Region [$M shipment analysis for 2013 – 2024]:



  • North America


  • United States


  • Canada


  • Mexico


  • Europe


  • UK


  • Germany


  • Italy


  • Asia Pacific


  • China


  • Japan


  • India


  • Rest of the World


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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-coating-market.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.


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