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Silicone Potting Compounds Market Size Forecast to Reach $1,201.5 Million by 2026

Silicone Potting Compounds Market Size Forecast to Reach $1,201.5 Million by 2026
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Worldwide Smart Coatings Industry to 2026 - Growing Demand From Automotive Industry Presents Opportunities

Worldwide Smart Coatings Industry to 2026 - Growing Demand From Automotive Industry Presents Opportunities
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Worldwide Smart Coatings Industry to 2026 - Growing Demand From Automotive Industry Presents Opportunities

Worldwide Smart Coatings Industry to 2026 - Growing Demand From Automotive Industry Presents Opportunities
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Outlook on the Smart Coatings Global Market to 2026 - by Layer, Function and Geography


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The global smart coatings market by revenue is expected to grow at a CAGR of over 18% during 2020-2026.
APAC expects to witness the highest incremental growth of over 178% during 2020-2026. The availability of inexpensive labor and the easy accessibility of raw materials have shifted the attention of global automotive manufacturers toward the region, which indirectly influence the smart coatings market share. Marine, consumer electronics, and automotive industries are driving the demand from China. China accounts for approximately 90% of shipbuilding activities globally; hence the demand for anti-fouling and anti-corrosive coatings is expected to be reasonably high.
Owing to rapid industrialization and foreign investments, China expects to be the significant growth driver in the region. However, the APAC infrastructure sector, which has been affected by the outbreak of the COVID-19 pandemic, has witnessed unprecedented disruptions, leading to the decline in the development of major infrastructure and construction activities. Owing to the pandemic, the government has mandated lockdowns that have further slowed down the development of infrastructure and construction projects. However, construction and infrastructure activities are likely to increase in India and China from mid-2021, thereby offering an impetus to the smart coating market.

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Smart Coatings Market Size to Reach Revenues of over USD 11 Billion by 2026

CHICAGO, May 4, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global smart coatings market report. The smart coatings market

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