Advanced technologies such as self-cleaning, self-healing, and self-assembling or stratifying are being leveraged by the end-use industry players to provide coating solutions to their customers.
Moreover, nanotechnology-based coatings are expected to further reduce the cost of coating solutions, enhance damage or scratch resistance as well as conductivity, aid to antifogging and flame retardance, and coloring.
The demand in the global smart coatings market will increase at a CAGR of 29.8% during the forecast period of 2017 to 2025, by the end of which the opportunities in this market are estimated to attain a value of $9.82 billion