Global Smart Surfaces Market Trajectory & Analytics, 2012-2019 & 2020-2027: Construction Segment is Projected to Grow at a 57.4% CAGR to Reach US$22.1 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 23, 2020--
The “Smart Surfaces - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Smart Surfaces estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$138.5 Billion by 2027, growing at a CAGR of 61.1% over the analysis period 2020-2027.
Construction, one of the segments analyzed in the report, is projected to grow at a 57.4% CAGR to reach US$22.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Energy segment is readjusted to a revised 52.5% CAGR for the next 7-year period. This segment currently accounts for a 7.3% share of the global Smart Surfaces market.
The U. S. Accounts for Over 30.5% of Global Market Size in 2020, While China is Forecast to Grow at a 58.3% CAGR for the Period of 2020-2027
The Smart Surfaces market in the U. S. is estimated at US$1.5 Billion in the year 2020. The country currently accounts for a 30.52% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$21.9 Billion in the year 2027 trailing a CAGR of 58.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 54% and 52.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 41.4% CAGR while Rest of European market (as defined in the study) will reach US$21.9 Billion by the year 2027.
Transportation Segment Corners a 30.2% Share in 2020
In the global Transportation segment, USA, Canada, Japan, China and Europe will drive the 63.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$37.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$17.5 Billion by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- 3M Company
- Clariant AG
- Debiotech SA
- DowDuPont, Inc.
- Gentex Corporation
- HZO Inc.
- NanoShine Ltd.
- nanotron Technologies GmbH
- P2i Limited
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Global Competitor Market Shares
- Smart Surfaces Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
- Total Companies Profiled: 51
For more information about this report visit https://www.researchandmarkets.com/r/pnix4a
View source version on businesswire.com:https://www.businesswire.com/news/home/20200923005654/en/
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SOURCE: Research and Markets
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PUB: 09/23/2020 10:10 AM/DISC: 09/23/2020 10:10 AM