The global smart coating market is experiencing substantial growth. In 2023, the market size was estimated at USD 4284 million, and it is projected to reach USD 8563.14 million by 2030, representing a compound annual growth rate (CAGR) of 10.40% during the forecast period. This growth is driven by increasing demand for advanced materials in various industries such as automotive, aerospace, consumer electronics, and defense. Smart coatings offer a range of advantages, such as increased product life, cost reduction in maintenance, and improved performance, making them highly sought after across different sectors.
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