Newly Issued NanoMarkets Report Pegs Smart Coatings Market at $5.8 billion (USD) in 2020
Industry: Market Research
Firm bullish on electronics applications, self-healing, self-assembling, self-cleaning and multi-layer coatings but sees significant pressure on energy sector.
Glen Allen, VA (PRUnderground) January 22nd, 2015
According to a newly released report from industry analyst firm NanoMarkets, the market for smart coatings (self-healing, self-cleaning, self-repairing, anti-microbrial coatings) will grow from a current market value of $610 million (USD) in 2015 to $5.8 billion in 2020. The report titled, “Smart Coatings Markets 2015-2022,” continues the firm’s coverage of the smart coatings market that dates back to 2010.
Additional details about the report including a downloadable excerpt are available at:
From the Report:
Self-healing, self-assembling and self-cleaning coatings are about to reach lifetimes and performance levels never seen before. As a result, the next generation of these materials will serve much larger markets. NanoMarkets sees the market for self-healing coatings reaching $530 million by 2020.
NanoMarkets is also seeing important R&D programs in the smart coatings space coming to fruition that will lead to new smart coatings products and product classes. Particularly exciting are multilayer coatings, which NanoMarkets sees as the simplest way to develop coatings that are multifunctional. In the future, a smart coating might provide photovoltaic energy generation with inherent self-repair and self-cleaning capabilities.
NanoMarkets believes that the commercial potential for smart coatings in the electronics sector has grown in the past year because of the Internet-of-Things (IoT). A smart coating that is also a sensor would likely be a more cost effective way to create a wide-area sensing panel than a large array of sensing devices. Revenues from sales of smart coatings into the electronics sector is now expected to reach $225 million in 2020.
Conversely, NanoMarkets is now less optimistic than it was a year ago about the prospects for smart coatings in the energy and green building sectors, as the result of declining oil prices. In this new environment smart coatings firms will have to tell different marketing stories such as repositioning self-dimming coatings for windows so that they become about aesthetics and mood lighting, not energy saving.
About the Report:
The report analyzes the markets for smart coatings in key sectors of the economy including construction, energy, automotive, healthcare, consumer electronics, textiles and the military. Coverage includes relatively mature smart coatings (e.g., self-cleaning coatings), along with latest materials such as smart multi-layer coatings.
The report also provides detailed eight-year forecasts in both volume (square meters) and value ($ millions) terms and for each end-user sector the report includes separate forecasts for all the main classes of smart coatings as well as for the underlying oxides, polymers, etc., from which they are fabricated.
Firms addressed in the report include: 3M, AK Coatings, AkzoNobel, AnCatt, Apple, Autonomic Materials, Axalta, BASF, BioSuma, BigSky Technologies, Cardinal Glass, CHT Group, Clariant, Corning, Debiotech, Dow Chemical, Dow Corning, DSM, Dunmore, Duco, DuPont, GE, Gentex, Hempel, Hypho Technology, Industrial Nanotech, IngeniaTouch, Jotun, Lonza Industrial Solutions, Lubrizol, Microtek Laboratories, nanoShell, Nanovations, Nano Lab, nGimat, NSG, P2i, Pilkington, Pleotint, PPG, Research Frontiers, Ross Technology, Sage Electrochromics, Saint-Gobain, SeePoint Technology, Seagate, Senseg, Silco Tek, Sherwin-Williams, Specialty Coating Systems, SRI, Svaya, SWITCH Materials, Tesla Nanocoatings, Toyota and Valspar.
NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area created by developments in advanced materials. Visit www.nanomarkets.net for a full listing of NanoMarkets’ reports and other services.