The worldwide smart coatings market
will grow from $363 million in 2013 to
almost $3.0 billion in 2018, according to
a new report from industry analysis firm
NanoMarkets. The report, “Worldwide
Smart Coatings Markets, 2013-2020,”
noted that because of their ability to
quickly respond to external stimuli or resist extreme environments, smart coatings
are finding new applications in several
industry sectors including construction,
energy, automotive, medical, consumer
electronic goods and the military.
NanoMarkets believes that smart
coatings will do especially well in markets – such as the military – where quality
and performance, rather than price, shape
purchasing decisions. Consumer markets
where the customer is willing to pay a
premium for functionality such as scratch
resistance or enhanced energy efficiency
will also be important.
This new NanoMarkets report provides an in-depth analysis of the demand
for smart coatings including self-cleaning
coatings, anti-corrosion coatings, self-healing coatings, self-dimming coatings
and a range of biomedical smart coatings.
It examines the latest products, strategies
and technical developments and the hurdles that these materials must overcome
to achieve market acceptance.
The report contains granular forecasts
of smart coatings shipments in volume
and value terms, with breakouts by application and type of material. The report
discusses the activities in the smart coating space of some of the leading specialty
chemical firms and leading OEMs including 3M, Bayer, Corning, Dassault, Dow,
DSM, DuPont, Eastman Chemical, Fuji
Heavy Industries, Honda, Nippon Steel,
Nissan, NTT, Pilkington, PPG, Saint-Gobain, Sherwin-Williams, Sumitomo
and Toyota.
From the report:
Self-cleaning coatings are the larg-
est segment of the smart coatings
market; reaching $1.4 billion in 2018.
Self-cleaning glass coatings are already
in widespread use, but NanoMarkets
believes there will be even more oppor-
tunities in this space because there is
considerable room for improvement in
the performance of existing products;
additional functionality (anti-fog and
anti-glare) can also be added. The fastest
growing part of the self-cleaning coatings
segment is for non-glass substrates such
as aluminum siding, tile and textiles.
Smart anti-corrosion coatings are ex-
pected to reach $449 million by 2018,
picking up revenues in extreme condi-
tions where conventional paints do not
add enough protection. NanoMarkets be-
lieves that an important future direction
for this part of the smart coatings market
will be multipurpose anti-corrosion coat-
ings that address oxidation, wear and
other factors. Up to now such multipur-
pose coatings have been available in lim-
ited quantities from small suppliers, but
NanoMarkets expects these to become
more widely available from the major gi-
ant specialty chemical companies.
NanoMarkets expects a dramatic
shift in the markets for smart coatings in
the next few years. Currently, almost 70
percent of the revenues for smart coatings come from the construction and
automotive industry sectors. By 2020,
NanoMarkets expects this number to
have fallen to 37 percent and the energy
sector emerging to account for 25 percent
of all smart coatings sales. Much of this
growth, NanoMarkets believes will come
from sales of self-cleaning coatings for
solar panels.
Asia-Pacific Market
Continues to be the
Biggest Market of Emulsion
Polymers
The report, “Emulsion Polymers Market
by Type (Acrylic, Vinyl, SB Latex,
Polyurethane Dispersion & Others),
Application (Paints & Coatings, Paper
& Paperboard, Adhesives & Sealants &
Others) & Geography - Global Trends
and Forecasts to 2018” define and segment the global Emulsion Polymers
Market with analysis and forecasting of
the market by revenue and volume.
According to this report, Asia-Pacific
is the largest market for emulsion polymers with the highest consumption by
volume around the globe. The demand
for emulsion polymer in Asia-Pacific is
driven by countries such as China, Japan,
South Korea, India, Taiwan, Malaysia,
Thailand, Indonesia, and Philippines.
From the report:
The major industrial segments using
emulsion polymers include transportation, consumer durables and building and
construction. The market is expected to
grow with a high CAGR to reach 6,581.4
kilotons by 2018.
According to the report, Asia-Pacific
has witnessed significant EP manufacturing capacity expansions in the last five
years. Most major manufacturers, such
as BASF, have capacity expansion plans
in Asia-Pacific. A rapidly improving infrastructure and availability of energy
and skilled labor at competitive rates are
the driving factors that facilitate capacity
expansions by major emulsion polymer
manufacturers in Asia-Pacific.
The global market for vinyl emulsions
is expected to reach 4,600.4 kilotons by
2018. Applications for vinyl emulsions
include paints and coatings, paper and
paperboard and adhesives and sealants.
Adhesives and sealants are the most
widely used application for vinyl emul-
sions. Asia-Pacific is the fastest growing
market for vinyl emulsions with a CAGR
of 7. 5 percent. The market for vinyl
emulsions in Asia-Pacific is dominated by
China with a 16.0 percent market share
followed by Japan and South Korea.
Taiwan, India, Malaysia and Indonesia
are other significant markets for nanoma-
terials in Asia-Pacific. CW
New NanoMarkets Report Says Smart
Coatings Market to Reach $3 Billion by 2018
