International. NanoMarkets has published a new report titled Smart Coatings Market 2015-2022. The report predicts that this sector will grow from around US$610 million in 2015 to US$5.8 billion in 2020.
The report analyzes the markets for smart coatings in key sectors of the economy, including construction, energy, automotive, healthcare, consumer electronics, textiles, and military. The coverage includes relatively developed smart coatings (e.g. self-cleaning coatings), along with state-of-the-art materials such as multi-layer smart coatings.
The study indicates that self-healing, self-assembling and self-cleaning coatings are on the verge of reaching performance levels never seen before. As a result, the next generation of these materials will serve in much larger markets, reaching $530 million by 2020.
NanoMarketes also estimates that revenue from smart coatings in the electronics market is growing. Sales could reach about $225 million by 2020.
