세계의 스마트 코팅 시장(2024-2031년)

Report Overview

Global Smart Coatings Market reached US$ 6.24 billion in 2023 and is expected to reach US$ 31.46 billion by 2031, growing with a CAGR of 22.41% during the forecast period 2024-2031.

A smart coating is a type of advanced coating applied to surfaces that can respond dynamically to environmental stimuli, such as temperature, light, pressure, moisture or chemical exposure. Smart coatings are used in various industries, including automotive, aerospace, electronics and construction, to enhance durability, functionality and efficiency.

The smart coatings market is growing rapidly due to the increasing demand for coatings, Continuous innovations and expansions. For instance, US, government-supported research projects focus on smart coatings for agriculture, improving food safety and water efficiency in specialty crop processing. For example, Texas A&M University is developing smart surfaces that reduce bacterial adhesion and optimize sanitization processes, contributing to sustainable agricultural practices.

Asia-Pacific is the fastest-growing region in the global smart coatings market. Countries such as China, Japan, India and South Korea are undergoing massive industrial growth which fueled the demand for smart coatings in the region. According to the American Coating Association, in 2023, the Asia-Pacific region comprises over 50 countries, with the total coatings production accounting for 53% of the volume and 47% of the value of the worldwide coatings sector.

Market Dynamics

Growing Demand for Industry Oriented Coatings

The demand for smart coatings is being significantly driven by end-use industries such as automotive, construction and aerospace. The sectors are in growing need of coatings that provide better durability, enhanced aesthetics and superior corrosion resistance. BASF's sales data for coatings in 2022 show that a large portion of demand comes from the transportation industry, highlighting the important influence these sectors have on shaping the worldwide smart coatings market.

Similarly, innovations in coating technologies are shaping the textile market, with manufacturers focused on creating advanced formulations to address changing needs. The development of eco-friendly coatings, along with those offering enhanced durability, flexibility and breathability, is driving this trend. Nano-coatings, known for their water and stain resistance while preserving breathability, are becoming increasingly popular.

Additionally, the integration of smart technologies is broadening the applications of textile coatings. Innovations such as self-cleaning coatings and phase change materials are adding new functionalities, further expanding their use across various industries. This advancement reflects the industry's commitment to enhancing performance and meeting modern demands.

Adoption of Multifunctional Coating from Diverse Industries

The smart coatings market is driven by increasing demand for advanced and multifunctional coatings that provide enhanced protection and performance across various industries, including construction, automotive, electronics and textiles. Technological innovations such as self-cleaning coatings, antimicrobial properties and phase change materials are transforming traditional coatings into intelligent solutions that respond to environmental changes or external stimuli.

Smart coatings enhance durability, energy efficiency and maintenance, making them valuable in industries focused on reducing operational costs and improving the longevity of materials. Additionally, sustainability trends are influencing the smart coatings market, with manufacturers developing eco-friendly and bio-based formulations that comply with strict environmental regulations.

The rising preference for coatings that offer UV resistance, corrosion protection and water and stain repellency without compromising breathability is gaining traction, particularly in sectors like textiles and construction. Collaborations between chemical companies, as seen with Bodo Moller Chemie Group and Evonik Industries, indicate a growing emphasis on innovation and regional expansion to meet the demand for specialized, high-performance coatings globally.

Regulatory Restriction and Raw Material Volatility

Authorities worldwide are implementing more stringent regulations to reduce the presence of harmful substances such as volatile organic compounds (VOCs) and heavy metals in coating products. The rules require manufacturers to change the composition of their products, resulting in increased production expenses, more intricate production methods and potential effects on product functionality.

Smaller players in the industry may struggle with the cost of ongoing investment in research, testing and certification to comply with regulations. Besides regulatory pressures, the smart coatings market is also limited by fluctuations in raw material prices, particularly for petroleum-based solvents, resins and pigments such as titanium dioxide (TiO2).

Changes in crude oil prices have a direct impact on the cost of these vital elements, resulting in increased production costs and requiring manufacturers to either increase product prices or accept lower profit margins. Economic difficulties like these can slow down company growth and expansion plans, leading to potential delays in investments and possibly prompting mergers and acquisitions to offset the financial consequences of price fluctuations.

Market Segment Analysis

The global smart coatings market is segmented based on layer, function, technology, end-user and region.

Evolving Operational Conditions Fueled the Anti-Corrosion Demand

The demand for anti-corrosion coatings in the smart coatings market is experiencing significant growth, primarily fueled by evolving operational conditions across several key industries, including oil and gas and marine applications. In the oil and gas sector, the implementation of enhanced oil recovery (EOR) techniques is becoming more prevalent, necessitating coatings that can endure extreme temperatures and pressures. The American Petroleum Institute (API) underscores the importance of robust anti-corrosion solutions to maintain the structural integrity of facilities in these challenging environments.

Similarly, the maritime industry faces unique challenges due to harsh marine conditions, making it essential for vessels and marine infrastructure to utilize coatings that resist corrosion and degradation. Regulatory bodies, such as the Environmental Protection Agency (EPA) and the European Chemicals Agency (ECHA), are also increasing scrutiny on hazardous materials in coatings, driving the development of eco-friendly alternatives that provide effective protection while complying with stringent standards.

Market Geographical Share

Growing Construction and Shipping Industry in Asia-Pacific

Asia-Pacific smart coatings market is significantly driven by the robust growth of the construction industry in key countries such as China and India. China, being the biggest construction market globally, is involved in many large-scale projects, resulting in a notable output value of US$ 4.43 trillion in 2023, an increase from US$ 4.37 trillion in 2022, reported by National Bureau of Statistics of China. The continual growth of China in construction drives the need for smart coatings.

Similarly, by 2030, urbanization in India will require 25 million new housing units, leading the construction industry to reach US$ 1.4 trillion by 2025. The National Investment Plan (NIP) strengthens this progress by dedicating substantial funds to infrastructure improvement, such as renewable energy and urban infrastructure. Moreover, Japan's shipping industry plays a role in the increasing need for intelligent coatings due to its growing commercial fleet.

Japan's shipping industry needs new coatings that improve strength and performance, as it experienced a 2.42% increase in dead-weight tonnage from 2021 to 2022. This pattern demonstrates a wider focus on sustainability and efficiency in the region, pushing manufacturers to invest in intelligent coatings that comply with strict environmental rules and performance criteria. Significant investments in construction & infrastructure and advancements in maritime technology, drives market growth for smart coatings in Asia-Pacific.

Market Competitive Landscape

The major global players in the market include DuPont, PPG Industries, Inc., Solvay, BASF SE, The Dow Chemical Co., 3M, Akzo Nobel N.V., RPM International Inc., The Sherwin-Williams Company and Honeywell International Inc.

Sustainability Analysis

The global smart coatings market is undergoing a significant transformation driven by an increasing emphasis on sustainability, characterized by the adoption of eco-friendly formulations, advancements in materials science and innovative waste management practices. The shift towards water-based and bio-based coatings is decreasing the dependence on harmful substances like volatile organic compounds and solvents, leading to lower levels of environmental pollution and health hazards.

Advancements in materials science have resulted in the development of intelligent coatings that possess self-repairing and anti-fog characteristics, prolonging surface longevity and decreasing the necessity for regular maintenance and reapplication. This promotes sustainability in the industry by conserving resources and following circular economy principles. Effective waste management is just as important in the smart coatings sector for sustainability goals to be met.

Manufacturers are putting more emphasis on developing coatings that make it easier to remove and recycle, allowing for closed-loop recycling systems that reduce waste and environmental harm. Certifications such as Global Organic Textile Standard (GOTS) and Oeko-Tex Standard 100 guarantee compliance with eco-friendly practices, increasing consumer trust in eco-conscious products.

Moreover, strict guidelines like the EU's REACH push companies to create new and improved products that meet environmental requirements, giving an advantage to those focused on sustainability. Due to increasing environmental awareness influencing consumer choices and industry regulations, the smart coatings market is expected to grow further by implementing sustainable practices that are advantageous for both manufacturers and the environment.

Russia-Ukraine War Impact

The ongoing conflict between Russia and Ukraine has had profound effects on the global smart coatings market, disrupting supply chains and creating volatility in raw material availability. Sanctions against Russian suppliers and geopolitical tensions are affecting smart coatings that depend on specialized materials and technologies, restricting access to necessary components.

Manufacturers who rely on Russian exports for items such as conductive pigments or polymers encounter major difficulties in finding substitutes, causing delays in manufacturing and higher expenses. This lack of stability has forced organizations to rethink their supply chains, leading them to look for new suppliers and consider local sourcing choices to reduce risks. Additionally, the conflict has created uncertainty that has hindered investment in innovation in the smart coatings industry.

Furthermore, the increased economic instability in the area has resulted in decreased consumer demand, which is also impacting the growth potential of the smart coatings market. As companies adapt to these changing circumstances, there may be a greater emphasis on improving the resilience and sustainability of supply chains. However, the ongoing impact of the war still presents major challenges for the global industry.

By Layer

Single Layer

Multi-Layer

By Function

Anti-corrosion

Anti-icing

Anti-fouling

Anti-microbial

Self-cleaning

Others

By Technology

Nano-Coatings

Stimuli-Responsive Coatings

Microencapsulation

Others

By End-User

Building & Construction

Automotive

Electronics

Military

Medical

Others

By Region

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

South America

Brazil

Argentina

Rest of South America

Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific

Middle East and Africa

Key Developments

In December 2023, Axcentive, a leader in innovative coatings technology, announced a merger with Materia Nova, a company renowned for its expertise in advanced surface coatings. This strategic alliance aims to propel advancements in nanotechnology, marking a significant milestone in the smart and functional coatings market. The collaboration is expected to enhance Axcentive's expansion efforts, combining the strengths of both firms to drive innovation and development in this rapidly evolving industry.

In April 2022, Sherwin-Williams Company made a strategic move by acquiring the European industrial coatings business of Sika AG, a prominent manufacturer known for its corrosion-resistant coating systems. This acquisition enhances Sherwin-Williams' position in the performance coatings segment, which caters to a diverse range of applications, including steel infrastructure, bridges, airports, railways and energy sectors.

In January 2022, Applied Graphene Materials (AGM) made significant strides in the smart coating market by launching its innovative range of industrial anti-corrosion primers, including the Genable Epoxy Primer and Genable HC Primer. This move is complemented by the extension of the Genable 3000 dispersion series, which now features a selection of non-metal, active anti-corrosion graphene additives.

Why Purchase the Report?

To visualize the global smart coatings market segmentation based on layer, function, technology, end-user and region.

Identify commercial opportunities by analyzing trends and co-development.

Excel spreadsheet containing a comprehensive dataset of the smart coatings market, covering all levels of segmentation.

PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.

Product mapping available as excel consisting of key products of all the major players.

The global smart coatings market report would provide approximately 70 tables, 68 figures and 206 pages.

Target Audience 2024

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Layer
• 3.2. Snippet by Function
• 3.3. Snippet by Technology
• 3.4. Snippet by End-User
• 3.5. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Growing Demand for Industry Oriented Coatings
    • 4.1.1.2. Adoption of Multifunctional Coating from Diverse Industries
  • 4.1.2. Restraints
    • 4.1.2.1. Regulatory Restriction and Raw Material Volatility
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis
• 5.5. Russia-Ukraine War Impact Analysis
• 5.6. DMI Opinion

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID
  • 6.1.2. Scenario During COVID
  • 6.1.3. Scenario Post COVID
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers Strategic Initiatives
• 6.6. Conclusion

7. By Layer

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Layer
  • 7.1.2. Market Attractiveness Index, By Layer
• 7.2. Single Layer*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Multi-Layer

8. By Function

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 8.1.2. Market Attractiveness Index, By Function
• 8.2. Anti-corrosion*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Anti-icing
• 8.4. Anti-fouling
• 8.5. Anti-microbial
• 8.6. Self-cleaning
• 8.7. Others

9. By Technology

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 9.1.2. Market Attractiveness Index, By Technology
• 9.2. Nano-Coatings*
  • 9.2.1. Introduction
  • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3. Stimuli-Responsive Coatings
• 9.4. Microencapsulation
• 9.5. Others

10. By End-User

• 10.1. Introduction
  • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.1.2. Market Attractiveness Index, By End-User
• 10.2. Building & Construction*
  • 10.2.1. Introduction
  • 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 10.3. Automotive
• 10.4. Electronics
• 10.5. Military
• 10.6. Medical
• 10.7. Others

11. Sustainability Analysis

• 11.1. Environmental Analysis
• 11.2. Economic Analysis
• 11.3. Governance Analysis

12. By Region

• 12.1. Introduction
  • 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 12.1.2. Market Attractiveness Index, By Region
• 12.2. North America
  • 12.2.1. Introduction
  • 12.2.2. Key Region-Specific Dynamics
  • 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Layer
  • 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 12.2.7.1. US
    • 12.2.7.2. Canada
    • 12.2.7.3. Mexico
• 12.3. Europe
  • 12.3.1. Introduction
  • 12.3.2. Key Region-Specific Dynamics
  • 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Layer
  • 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 12.3.7.1. Germany
    • 12.3.7.2. UK
    • 12.3.7.3. France
    • 12.3.7.4. Italy
    • 12.3.7.5. Spain
    • 12.3.7.6. Rest of Europe
  • 12.3.8. South America
  • 12.3.9. Introduction
  • 12.3.10. Key Region-Specific Dynamics
  • 12.3.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Layer
  • 12.3.12. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 12.3.13. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 12.3.14. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 12.3.15. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 12.3.15.1. Brazil
    • 12.3.15.2. Argentina
    • 12.3.15.3. Rest of South America
• 12.4. Asia-Pacific
  • 12.4.1. Introduction
  • 12.4.2. Key Region-Specific Dynamics
  • 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Layer
  • 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 12.4.7.1. China
    • 12.4.7.2. India
    • 12.4.7.3. Japan
    • 12.4.7.4. Australia
    • 12.4.7.5. Rest of Asia-Pacific
• 12.5. Middle East and Africa
  • 12.5.1. Introduction
  • 12.5.2. Key Region-Specific Dynamics
  • 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Layer
  • 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

13. Competitive Landscape

• 13.1. Competitive Scenario
• 13.2. Market Positioning/Share Analysis
• 13.3. Mergers and Acquisitions Analysis

14. Company Profiles

• 14.1. DuPont*
  • 14.1.1. Company Overview
  • 14.1.2. Type Portfolio and Description
  • 14.1.3. Financial Overview
  • 14.1.4. Key Developments
• 14.2. PPG Industries, Inc.
• 14.3. Solvay
• 14.4. BASF SE
• 14.5. The Dow Chemical Co.
• 14.6. 3M
• 14.7. Akzo Nobel N.V.
• 14.8. RPM International Inc.
• 14.9. The Sherwin-Williams Company
• 14.10. Honeywell International Inc. (*LIST NOT EXHAUSTIVE)

15. Appendix

• 15.1. About Us and Services
• 15.2. Contact Us