Industrial coating applications have wider adoption across industries. Emerging developments in the coating industry help manufacturers meet sustainability goals, employ digital technologies in the production process, and provide users with advanced possibilities.
FREMONT, CA: Industrial coatings industry has a broad range of applications as it caters to coating requirements from many industries like aviation, automotive, industrial applications, and residential housing. Research shows the industrial coatings market will reach USD 116 billion by 2026 at a compound annual growth rate (CAGR) of 2.5 percent.
Industrial coating companies need to consider the rising competition while expanding the market. Strategizing their market offerings can distinguish companies from their competition.
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Sustainable coating: The coating industry is experiencing a rising demand for environmentally conscious products. Many countries also face regulatory requirements that require sustainable production processes and coatings. The United Nations is pushing countries to limit using volatile organic compounds (VOC) in their products. As products with limited VOC production increase, research and development in this field are finding new ways to develop quality products without or with less VOC.
Self-cleaning coatings: Self-cleaning coatings are an emerging product that benefits industrial applications. The hydrophobic coatings market predicts that the industry will grow to USD 3 billion by 2030, at a CAGR of over 5.5 percent. It is especially beneficial to the medical equipment and device industry.
Artificial intelligence (AI) in production: AI integration offers the coatings industry new developmental possibilities. In production, algorithms optimize production schedules and product mixing, and manufacturing plants integrate AI to automate finishing line scheduling. In the production process, a digital twin duplicates physical prototypes, enabling the detection of design flaws in real-time and other research and development applications. Sensors and other smart devices can automate titrations, other analyses, and material additions, making lab sampling unnecessary and time-consuming.
Big Data: Big Data is important to the coating industry as they involve dealing with small molecule structure-property data, polymer synthesis procedures and outcomes, formulation recipes, formulation design space data, as well as the service life data of products. Research and development teams can employ AI and ML tools to analyze these quantitative data to consolidate useful solutions in new coating applications and production processes.
Nanotechnology: Nanoparticle-integrated coatings develop specialized applications. They are effective in raw materials that lend the product better adhesive properties. Coatings also have Corrosion resistance and self-cleaning characteristics through nanoparticle integration.
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