What Exactly Does “Smart Coating” Mean?
Smart coatings are specialized films with preset qualities that enable them to detect and respond to external stimuli. To guard against corrosion, the coatings’ self-healing and self-repair capabilities are ideal.
For example, smart coatings combine utility and design to offer the traditional coating functions, such as protection and adornment, as well as unique functions dependent on environmental stimuli.
Smart Coatings’ Exciting Future
In today’s coatings sector, “smart” is more than simply a catchphrase. New, high-performance solutions from the research world are increasingly attracting the attention of the industry. They aren’t just looking for the usual substitutes here. As a result of this advancement in technology, a new generation of smart coatings with several functions can now be developed.
Self-healing is just one of the various smart technologies. As a matter of fact, any coatings that dynamically adapt to changes in their surroundings are referred to as “smart”. Other technology includes:
Anti-microbial, anti-corrosive, self-cleaning, anti-fogging/de-icing, anti-fouling, electrochromic, self-assembling, etc.
Smart Coatings Market Drivers and Challenges
The smart coatings market was worth USD 1.75 billion in 2016 and is expected to reach USD 6.27 billion by 2022, growing at a CAGR of 23.87% over the forecast period. The need for smart coatings from end-use sectors, such as automotive, transportation, aerospace, and marine, is driving the market’s expansion. 2016 was chosen as the starting point for the analysis, with a forecasted time frame of 2017–2022.
These companies include AkzoNobel (Netherlands), PPG Industries (US), Axalta Coatings Systems (US), The Sherwin-Williams Company (US), Jotun A/S (Norway), RPM International (US), Hempel A/S (Denmark), and NEI Corporation (US)
The smart coatings market will grow at a CAGR of 23.87 percent by 2022, from an estimated $2.15 billion in 2017. Smart coatings are used in a wide range of industries, including automotive, transportation, aerospace, defense, marine, and building and construction. An important factor driving the smart coatings market is the need to safeguard body parts, such as door closures, lock parts, exhausts, suspensions, engine components, and clamps and hose connections, against abrasion. This includes anti-corrosion coatings.
China, India, and Brazil are major markets for smart coatings used in the automotive, transportation, maritime, and building and construction industries. Smart coatings are in high demand in various fields because of the influx of cutting-edge new technologies and breakthroughs. During the next five years, the smart coating market in Asia-Pacific is predicted to rise at a healthy rate.
Different varieties of smart coatings are applied in different industries depending on the requirements, and each type has its own unique characteristics. Smart coatings are therefore reliant on the many end-use industries, such as automobiles and transportation, aerospace and military, maritime, construction, and building and construction, to flourish. The end-use industries are increasing their need for smart coatings for anti-corrosion, antifouling, and self-cleaning applications. There is also a negative impact on market growth due to government controls and the current economic downturn.