Global smart coatings market: the scale of 2024 will exceed $8.6 billion

Smart coating is a new type of coating, which not only has the protective and decorative properties of traditional coatings, but also can respond to changes in the external environment in a controllable manner to generate self-adaptability to improve the coating effect and extend the coating use life. Smart coatings are produced by using new materials and technologies. They have excellent mechanical properties, hydrophobicity, antibacterial properties, anti-biological pollution, self-purification, corrosion resistance, and are more economical and practical. They are used in industry and construction. Market prospects.

According to the "In-Depth Market Research and Investment Strategy Recommendation Report on the Smart Coating Industry for 2020-2024", smart coatings can be widely used in electronics, medicine, automobile transportation, aerospace, military, construction and other fields, benefiting from the continuous scale of downstream industries With expansion and continuous technological advancement, the market demand for smart coatings is growing rapidly. From 2013 to 2019, the average annual compound growth rate of the global smart coatings market reached 31.6%, showing a trend of rapid growth. The market size in 2019 is approximately US$3.63 billion. It is expected that in the next 5 years, the global smart coatings market will maintain a rapid increase in machinery, and the market size will reach 8.61 billion US dollars by 2024.

Intelligent coatings mainly include nano-application coatings, bioactive coatings, environmental feedback coatings, and innovative coatings. Among them, nano-application coatings mainly include optical coatings, superconducting coatings, self-healing coatings, etc.; bioactive coatings mainly include antibacterial coatings, bioinitiated coatings, etc.; environmental feedback coatings mainly include sensor coatings, heat-sensitive coatings, etc.; innovation Type coatings mainly include self-lubricating coatings, hydrophobic coatings, and self-cleaning coatings.

In the global market, North America, Europe and the Asia-Pacific region are the main application markets for smart coatings. Benefiting from the rapid economic development of China and India, the continuous advancement of manufacturing technology, and the continuous expansion of infrastructure construction, the demand for smart coatings in the Asia-Pacific region is growing faster than The global average. Among a variety of smart coating segment products, benefiting from the increasing demand for high-performance and easy-to-maintain coatings in the automotive, architectural exterior, architectural interiors and other fields, self-cleaning coatings have become the market segment with the largest share in the world. The market share in 2019 will reach about 45%.

Benefiting from the continuous advancement of science and technology, the continuous emergence of new materials and processes, the continuous improvement of downstream market requirements and the increasingly stringent energy conservation and environmental protection policies, coating products are gradually developing in the direction of high performance, high quality, and high environmental protection. Therefore, the intelligent coating industry continues to grow and grow . With the continuous expansion of downstream application fields, the future market will continue to improve the differentiation, customization, and specialization of smart coatings. New smart coating products will continue to emerge. In comparison, manufacturers with strong R&D capabilities and advanced technology Obvious development advantages.

Industry analysts said that my country's coatings market has oversupply, and the development of the coatings industry presents a state of structural overcapacity, that is, oversupply of low-end products, fierce market competition, insufficient production capacity for high-end products, and part of the demand depends on imports. my country is transforming from a big manufacturing country to a strong manufacturing country, and the application demand for new materials and new processes in industry, construction and other fields is increasing. Whether it is from the perspective of the reform and upgrading of the coating industry itself, or from the perspective of the transformation and upgrading of the manufacturing industry, the development of my country's coating industry to high-end has become inevitable. As a new and high-tech product, smart coatings have a broad market prospect in the future.