Materials that have capabilities to change their properties according to external environmental stimuli such as temperature, electric field,., are known as smart coating materials. These days, smart coating is gaining popularity in commercial application segment as it is used for protective as well as for decorative purposes.
In addition, it could be a barrier coating for a packaging film application and also be transparent and moisture ingress. Due to unique characteristics of this material, it is being adopted in various application segments such as military, aerospace, hospitals, automobiles,.
This is a major driving force that is leading the manufacturers to invest in smart coating materials.
Due to such advance applications of the smart coating materials, consumers are also willing to pay premium prices for smart coated products. Smart coating material increases the weight of the final products and impacts aesthetics of the final product.
This is limiting the adoption of smart coating in few application segments such as consumer electronics, apparels,. Environmental impact of smart coating is a major limiting factor that is hampering the growth of smart coating market.
The global smart coating end user application market is segmented into Medical Fields, Military applications, IT Technologies, Aerospace, Food & Packaging, Agriculture, Automotive, Architectural, Industrial, Household, Cosmetic & Personal Care and Apparel. This would be well accepted in Military & Medical field and also in other applications where quality and performances matter and not price.
mart coating market is the emerging field of global coating market. This market is facing challenges due to its high cost and environmental issues.
This factor is strategically dealt in the analysis and more emphasis is given towards its commercial application and unique characteristics. Due to such characteristics, it’s gaining tremendous popularity in Military, Hospital, Aerospace and Automobiles industry.
Presently “greenness” is considered as a very important factor along with consistency, quality and superiority. These factors prevent the new entrants from entering the market.
Due to the cost competitiveness of bio-based materials, suppliers’ bargaining power is higher.
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