Smart coatings industry research outlook 2024

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Extensive research and development in smart coatings has led to the development of innovative smart coating products. Multilayer coatings are being seen as the easiest way to develop multifunctional coatings. Novel materials such as metamaterials are being used for the development of special smart coatings. All these factors are anticipated to augment the growth of the global smart coating market.

However, the global smart coating market will be negatively affected by the high cost of smart coatings, unfavorable environmental regulations, and technological gaps. The overall market has a huge opportunity to grow with several large specialty chemical companies focusing on supplying ‘semi-smart’ coatings to key manufacturers.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

Source : Transparency Market Research

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