The global hydrophobic
coatings market is forecast to reach USD 2.21 Billion by 2026,
according to a new report by Reports and Data. Hydrophobic Coatings are
specialty chemicals that are used in the different industries for a variety of
purposes such as coloring, finishing, and adding aesthetic values. Owing to the
changing trends in coatings, the advent of coating helps in seeping into the
market, and the fact that it is giving a visually aesthetic appeal is also a
contributing factor. These coatings improve the shelf-life of products and also
impart different values like self-healing and anti-microbial properties.
The market for Hydrophobic
Coatings is influenced by the rising demand from the automotive industry. Along
with automobile parts, the construction industry is also implementing
hydrophobic coatings in making water-resistant concrete blocks for increasing
the sustainability of these building materials. Water-repellant properties are
being thoroughly imparted on the pipelines and medical equipment which may
otherwise corrode due to prolonged exposure to moisture.
Unfavorable conditions on this
market include the rising number of vendors. This poses a huge threat to the
newer immigrants to the current seller scenario. The consumer power is rising
as their choices can now easily vary from among the competing manufacturers.
These situations improve over time as the industries focus more on the quality
of the products.
The region of Asia Pacific has
been shifting towards the young population, and the purchasing potential of
this young population is also increasing. Most of the economically flourishing
countries are looking at India and China as the global market. The increasing automobile,
as well as construction industries, promote the market for hydrophobic
coatings. They are constantly researched upon and developed to be made cheaper
and of higher quality.
To identify the key trends in
the industry, click on the link below:
https://www.reportsanddata.com/report-detail/hydrophobic-coatings-market
https://www.reportsanddata.com/report-detail/hydrophobic-coatings-market
Further key findings from
the report suggest
- Polysiloxanes exhibited the highest market share of
32.6% in the year 2018. They are used in coating industrial equipment
which is subjected to high weathering. Hydrophobic coatings prevent wear
of these heavy machineries by protecting them against chemical
aberrations, high temperature and extreme exposures to UV light.
- Glass substrate holds the highest CAGR of 5.5% in the
forecast period. These surfaces become smudge resistant as well as
water-resistant. Hence, they become easier to clean and repel oil, dirt,
and dust; thus, propelling the demand for the product.
- Anti-fouling property is in high demand in the
present scenario, which is exhibiting the second highest market share of
21.2% in the year 2018. These products adhere to solid surfaces like
metals, plastics, and rocks and therefore exhibit excellent antifouling
features, which would stimulate the market growth further.
- Asia Pacific is estimated to grow with the highest
CAGR of 5.4% during the forecast period. Countries like India and Japan
are rapidly catching up with the growth in the automobile as well as the
construction industry. Increase in the demand for commercial as well as
passenger vehicles is leading to new prospects for the development of the
hydrophobic coatings market.
- Key participants BASF SE, 3M, Abrisa Technologies,
Aculon, NEI Corporation, P2I, DuPont, DryWired, Accucoat Inc., and Nanex
Company, among others.
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For the purpose of this report,
Reports and Data have segmented into the global Hydrophobic Coatings market on
the basis of product type, property type, substrate type, end-users, and region:
Product Type Outlook (Volume,
Kilo Tons; Revenue, USD Billion; 2016-2026)
- Polysiloxanes
- Fluoro-Alkylsilanes
- Fluoropolymers
- Titanium Dioxide
Property Type Outlook (Volume,
Kilo Tons; Revenue, USD Billion; 2016-2026)
- Anti-Microbial
- Anti-Icing/Wetting
- Anti-fouling
- Anti-Corrosion
- Self-Cleaning
- Others
Substrate Type Outlook
(Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Metals
- Glass
- Ceramics
- Polymers
- Textile
- Others
End-Users Outlook (Volume,
Kilo Tons; Revenue, USD Billion; 2016-2026)
- Aerospace
- Automotive
- Construction
- Medical
- Optical
- Oil and Gas
- Others
Regional Outlook (Volume, Kilo
Tons; Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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