KEY FINDINGS
The North America smart coatings market is projected to grow with a CAGR of 22.27% across the forecasting years. The presence of leading market players, the augmenting aerospace and automotive industry, and the rising adoption of smart coatings, as well as the surging requirements for their applications, are among the top factors associated with the regional market’s growth.
MARKET INSIGHTS
The North America smart coatings market growth analysis includes the evaluation of Canada and the United States. Although the consumption of smart coatings in Canada is relatively low, upcoming projects and trends across diverse end-user industries are likely to increase the demand of the studied market. Besides, several trends in the country have significantly contributed towards the growth of the region’s market to a certain extent. For instance, an industry-led transformative cluster named Canada’s Ocean Supercluster concentrates on addressing the shared challenges across ocean sectors through a collaborative program. Also, designed to accentuate the commercialization and development of globally relevant solutions, the program builds an inclusive and highly capable workforce.
On the other hand, the Canadian aerospace industry is anticipated to witness exponential growth over the upcoming decades, thereby fueling the consumption of smart coatings for critical applications within the aerospace industry. In addition, increased investments in the country’s aviation sector is projected to facilitate the demand for aircraft in Canada, as well. The funding is primarily driven by the rising number of air passengers in the nation. Hence, these factors are set to propel the smart coatings market growth in North America during the forecast period.
COMPETITIVE INSIGHTS
Some of the key companies operating in the market are Akzonobel NV, 3M Company, Eastman Chemical Company, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments