PUBLISHER: The Business Research Company | PRODUCT CODE: 1653397
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653397
The smart coatings market comprises the sale of smart coatings by entities (organizations, sole traders, and partnerships). These coatings offer various functions beyond corrosion protection and possess the ability to detect and respond to external stimuli, such as changes in the environment. Their self-healing and self-repair capabilities make them beneficial for applications like corrosion prevention, material protection, and surface improvement.
The main types of smart coatings include single-layer and multi-layer coatings. Single-layer boards, also known as single-sided boards, consist of components on one side and a conductor pattern on the other. Single-layer anti-reflection coatings can be designed to be non-reflective at a specific wavelength, typically in the middle of the visible spectrum. These coatings serve different functions such as anti-corrosion, anti-icing, anti-fouling, anti-microbial, self-cleaning, and self-healing. They find applications in various industries, including automotive, aerospace, construction, military, and healthcare.
The smart coatings market research report is one of a series of new reports from The Business Research Company that provides smart coatings market statistics, including smart coatings industry global market size, regional shares, competitors with a smart coatings market share, detailed smart coatings market segments, market trends and opportunities, and any further data you may need to thrive in the smart coatings industry. This smart coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The smart coatings market size has grown exponentially in recent years. It will grow from $6.34 billion in 2024 to $8.01 billion in 2025 at a compound annual growth rate (CAGR) of 26.2%. The growth in the historic period can be attributed to corrosion prevention and protection, demand for self-healing and self-cleaning coatings, growth in automotive and aerospace industries, expansion of construction and infrastructure projects, sustainability and environmental concerns.
The smart coatings market size is expected to see exponential growth in the next few years. It will grow to $19.65 billion in 2029 at a compound annual growth rate (CAGR) of 25.2%. The growth in the forecast period can be attributed to integration of iot in coating performance monitoring, adoption of smart coatings inThe healthcare sector, antimicrobial and antiviral coatings for public spaces, energy-saving and anti-icing coatings, global expansion of smart city initiatives, eco-friendly and non-toxic coating materials. Major trends in the forecast period include self-repairing and shape-memory smart coatings, coatings with color-changing properties, nanocoatings for enhanced performance, smart coatings for solar energy harvesting, transparent and conductive coatings for electronics, coatings with air purification and pollution resistance.
The growth of the smart coatings market is anticipated to be propelled by the increasing demand from the construction industry. The construction sector, involving the building and repair of structures, is expected to experience double-digit growth at 10.7% in 2022, according to the Indian Ministry of Statistics and Program Implementation. Smart coatings, utilizing nanotechnology, offer unique solutions for corrosion prevention and are becoming an integral part of the construction industry. Thus, the rising demand from the construction sector is poised to drive the growth of the smart coatings market.
The smart coatings market is also expected to witness growth due to increasing demand from the automotive industry. The automotive industry, encompassing activities related to the design, development, manufacturing, and sale of motor vehicles, has seen a notable increase in global production and unit sales. In 2022, global motor vehicle production reached 85.4 million units, reflecting a significant 5.7% increase from the previous year, as reported by the European Automobile Manufacturers Association. The integration of smart coatings in the automotive sector enhances vehicle performance, safety, aesthetics, and sustainability, contributing to an improved driving experience. Hence, the escalating demand from the automotive industry is a driving factor for the growth of the smart coatings market.
Technological advancements are key trends gaining traction in the smart coatings market. Innovations in technology and the growing adoption of smart coatings are driving market demand. Major players in the industry are concentrating on developing technologically advanced products to facilitate market growth. For example, in October 2022, Apex Auto Care, a US-based automotive company, unveiled a groundbreaking self-healing ceramic coating technology, available in two variants: Self Heal Plus and Heal Light. Both coatings are designed to instantly heal fine scratches and microswirls when heated above 60°C, and they can also repair themselves over several days at room temperature, providing a superior alternative to traditional paint protection films (PPF). This 9H Nano Ceramic coating creates a hydrophobic layer that safeguards vehicle paint from external damage while combining advanced protection with self-healing properties.
Major companies operating in the smart coatings market are also concentrating on innovative products, such as resicoat powder coatings, to drive market revenues. Resicoat powder coatings, consisting of electrostatically charged finely ground particles of pigment and resin, find applications in shielding the electrical components and battery systems of electric vehicles. In January 2023, Royal AkzoNobel N.V., a Netherlands-based company specializing in paints, coatings, and specialty chemicals, launched resicoat powder coatings designed to enhance battery performance, prolong battery life, and ensure better and longer performances. The product line includes epoxy powder solutions for electrical insulation and Resicoat EVbusbar for coating busbars that distribute electricity, improving heat dissipation and supporting lower fire loads.
In February 2022, The Sherwin-Williams Company, a US-based paint and coating manufacturing company, acquired AquaSurTech for an undisclosed amount. This strategic acquisition is expected to strengthen Sherwin-Williams' position as a leading provider of coatings solutions in the building products market. AquaSurTech, based in Canada, is involved in the development, manufacturing, and sale of durable and environmentally friendly coatings.
Major companies operating in the smart coatings market include DuPont de Nemours Inc., Minnesota Mining and Manufacturing Company, Akzo Nobel N.V., Ancatt Inc., BASF SE, Bayer AG, Hempel As, Jotun A/S, Koninklijke DSM N.V., NEI Corporation, PPG Industries Inc., RPM International Inc., The Dow Chemical Co., The Sherwin-Williams Company, Republic Powdered Metals International Inc., Corning Inc., Hygratek LLC, Axalta Coating Systems Ltd., Inframat Corporation, Gentex Corporation, TIP Nanotech, AnCatt Co., Autonomic Materials Inc., Nanosonic Ltd., Surfix Ltd., Adaptive Surface Technologies, DryWired LLC, Graco Inc., Tesla NanoCoatings Inc., Research Frontiers Inc., Helicity Technologies Inc., Debiotech S
Asia-Pacific was the largest region in the smart coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the smart coatings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the smart coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The smart coatings market consists of sales of smart coatings including antifungal and ant fingerprinting. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Smart Coatings Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for smart coatings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart coatings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.