Smart Surfaces Market Grows With CAGR of 66.4% As They Exhibits Self Cleaning and Healing Property
Surfaces manufactured through nanotexturing are called as smart
surfaces. The name is derived from the unique capabilities of these
surfaces to react smartly to various exposures. For instance, the
surfaces are best known to be repellent to water, ice, oil, and
certain microorganisms. The anti-icing, superamphiphobic, and
antifouling characteristics of these materials make them inherently
self-cleaning, thereby making them a popular option in several
applications. The biggest driving force behind the real success of
global smart surfaces market is the growing demand for surfaces that
are self-cleaning in nature.
The global smart surfaces market is segmented on the basis of
application, material, and geography. The applications of smart
surfaces are seen in areas such as energy, construction,
transportation, electronics, medical and healthcare, and others. The
medical and healthcare segment is further divided into drug delivery
surfaces and antimicrobial smart surfaces. In terms of material, the
global market is segmented into self-healing materials,
self-assembling materials, and self-cleaning materials.
Geographically, this market is segmented into Europe, North America,
Asia Pacific, and Rest of the World.
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The transportation segment has played a pivotal role in the growth of
the global smart surfaces market as it has been showing a huge demand
for surfaces that do not collect dust, are easier to clean, remain
scratch-resistant, and water-resistant. This trend has also
percolated to the self-cleaning materials, making it the leading
material segment in the overall smart surfaces market. However,
analysts predict that self-assembling materials segment will show the
fastest growth rate between 2015 and 2021.
Presently, North America holds the biggest share in the global smart
surfaces market. However, analysts predict that the dynamics of
regional leadership are poised to change as industrialization gears
up in Asia Pacific. Following this trend, the Asia Pacific smart
surfaces market will lead the global market by 2021. The burgeoning
automobile hubs of India and South Korea are likely to drive the
growth of the smart surfaces market of Asia Pacific.
Transparency Market Research has published a new research report to
discuss the future of the global smart surfaces market. The research
report, titled “Smart Surfaces Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021,” presents an
objective assessment of the suppliers, manufacturers, and retailers
operating in the market. The report states that the global smart
surfaces market was valued at US$0.4 bn in 2014. Researchers are
anticipating that by 2021, this market will reach a valuation of
US$20.5 bn, surging at a CAGR of 66.4% between 2015 and 2021. Browse
the full Smart Surfaces Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 – 2021
The chief operating players in the global smart surfaces market are
Gentex Corporation, P2i Ltd., 3M Company, Inc., SLIPS Technology,
Nanotrons Corporation, Clariant, The Dow Chemical Company, HzO,
nanoShell Ltd., and Debiotech S.A. The research report includes a
thorough profiling of these companies and explains the nature of
competition defining the global smart surfaces market. Furthermore,
the report also offers an assessment of the financial overview,
management styles, research and development activities, and expansion
plans of these companies in the global smart surfaces market for the
coming few years.
Key Takeaways:
- Self-healing smart surfaces are expected to generate over US$10.2 bn in revenue by 2021.
- Asia Pacific expected to generate over US$7.2 bn in smart surfaces revenue by 2021.
- Transportation sector expected to generate over US$6.4 bn in revenue in smart surfaces market by 2021.
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