Dublin, March 23, 2018 (GLOBE NEWSWIRE) -- The "Smart Coatings Market by Function, Layer, End-Use and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering
The smart coatings market is estimated at USD 2.15 billion in 2017 and is projected to reach USD 6.27 billion by 2022, at a CAGR of 23.87% from 2017 to 2022.
The growth of the market is driven by the increasing demand of many applications from end-use industries, such as automotive & transportation, aerospace & defense, marine, and building & construction mostly from the APAC region. But concerns regarding the impact on health due to prolonged exposure to smart coatings is restraining the smart coatings market growth.
Smart coatings are used in various end-use industries, such as automotive & transportation, aerospace & defense, marine, and building & construction. However, automotive & transportation is the market's most dominant end-use industry, driven by the huge demand for smart coatings for the protection of body hardware, door closures, lock parts, exhausts, suspensions, engine components, and clamps & hose connections against abrasion.
APAC is estimated to account for the largest share of the smart coatings market in 2017, in terms of volume and value. The market in this region is also projected to register the highest CAGR between 2017 and 2022, in terms of value. The APAC smart coatings market is driven by high economic growth and heavy investments in industries such as automotive & transportation, marine, and building & construction. Population growth, industrialization, and rise in the purchasing power of consumers (which leads to high sales of automotive vehicles) have led to growth in the manufacturing of smart coatings in this region.
The key companies profiled in this report include:
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Smart Coatings Market, By Layer
7 Smart Coatings Market, By Function
8 Smart Coatings Market, By End-Use Industry
9 Smart Coatings Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/86whqw/smart_coatings?w=12
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