Sandy, Utah, USA, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Hydrophobic Coatings Market Size, Trends and Insights By Type (Polysiloxanes, Fluoro Alkylsilanes, Fluoropolymers, Others), By Application (Building & Construction, Automotive, Aerospace, Electronics, Textile, Food & Packaging, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Hydrophobic Coatings Market size & share was valued at approximately USD 2.6 Billion in 2021 and is expected to reach USD 2.8 billion in 2022 and is expected to reach a value of around USD 3.56 Billion by 2030, at a compound annual growth rate (CAGR) of about 4.5% during the forecast period 2022 to 2030.”
Hydrophobic coatings are also identified as waterproof coatings. Generally, hydrophobic coatings are ultra-tiny layers of superhydrophobic material that help protect the painted surfaces from external factors such as dust, moisture, rain, corrosion, and others. In addition, hydrophobic coatings possess various properties, such as resistance to water, chemical, UV, color, and gloss. Owing to these properties, it has multiple applications in various end-use industries, including automotive, textile, building & construction, aerospace, medical, and others.
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Market Dynamics
Drivers
Increasing demand from the building & construction sector is one of the critical factors responsible for the global hydrophobic coatings market growth. Hydrophobic coatings are preferred over conventional coating material due to their low volatile organic content and water retention capacity. Hydrophobic coatings are used extensively in construction to resist corrosion, water, chemical spill, etc.
For instance, according to an article published by Invest India in the year July 2022, the construction industry is expected to reach $1.4 trillion by 2025. In response, polysiloxane-based hydrophobic coatings are used predominantly in the building infrastructure to protect them against corrosion, acid rains, chemical spills, etc. These factors are anticipated to increase the demand for hydrophobic coatings in the construction sector.
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(A free sample of the Hydrophobic Coatings report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Hydrophobic Coatings report has been modified to include the COVID-19 impact study prior to delivery.)
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Restraints
However, the lack of skilled labor is restricting the expansion of the global hydrophobic coatings market during the forecast period. Furthermore, the high price of hydrophobic coating restraining the market's overall growth. In addition, high production costs and the requirement of advance machinery will slow down the market. On the other hand, manufacturers are switching to alternative substitutes for hydrophobic coatings due to high production costs and rising prices of raw materials.
Opportunities
The automotive sector's proliferating growth has witnessed a significant increase in the hydrophobic coatings market. The growing adoption of automotive displays, human-machine interfaces, and automated systems are being embedded in luxurious cars by several key manufacturer players, including TATA Motors, Mahindra, Hyundai, Tesla, Ford, Audi, and others. As a result, waterproof coatings are majorly employed for more extended durability, self-healing, hardness, and self-cleaning applications. In addition, these coatings possess thermal insulation, anti-fingerprint, corrosion resistance, and others. Thus, the growth of the automotive sector will drive the demand for hydrophobic coatings in the upcoming years.
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Challenges
Over the forecast period, hydrophobic coatings are new to the market, and gaining an edge over completion may be challenging. In addition, rising raw materials prices and high installation costs for nontechnology may be challenging factors in the hydrophobic coatings market.
Report Highlights.
Based on type, the segment includes polysiloxanes, fluoro alkylsilanes, fluoropolymers, and others.
The polysiloxanes segment dominated the market in 2021 and is expected to grow over the forecast period. Polysiloxanes hydrophobic coatings are extensively used in the building materials, automotive, electronics, medical devices, and household (primarily in the bathroom) sectors. In contrast, wooden furniture uses waterproof coatings to protect the wood from fungal infection mainly caused due to Aspergillus Niger.
In addition, the growing global population, change in lifestyle, and increased focus on hygienic activities have enhanced the demand for hydrophobic coatings, which are extensively used in the medical sector, household appliances, and commercial & residential sectors. These factors are escalating the demand for hydrophobic coatings during the forecast period.
Based on Application, the segment includes building & construction, automotive, aerospace, electronics, textile, food & packaging, and others. Building & construction dominates the hydrophobic coatings market and is expected to remain the dominant segment during the forecast period.
Hydrophobic coatings are considered high-performance materials widely employed in construction to protect the infrastructure from UV radiation, sunlight, corrosion, and other factors. Mainly photocatalytic and hydrophobic coatings are used in buildings & exteriors to protect the substrate from UV radiations and moisture. These factors are escalating the growth of the hydrophobic coatings market.
Key questions answered in this report:
- What is the size of the Hydrophobic Coatings market and what is its expected growth rate?
- What are the primary driving factors that push the Hydrophobic Coatings market forward?
- What are the Hydrophobic Coatings Industry's top companies?
- What are the different categories that the Hydrophobic Coatings Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Hydrophobic Coatings market sample report and company profiles?
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Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Snapshots
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominant region in the hydrophobic coatings market. Hydrophobic coatings have increased in sectors such as building & construction, automotive, electronics, and other key market trends in Asia-Pacific.
The building & construction sector is one of the booming sectors in the Asia-Pacific region. For instance, according to an article published by Invest India in August 2022, the construction Industry in India is expected to reach $1.4 Tn by 2025 due to a robust increase in the urban population which will significantly enhance the demand for hydrophobic coatings, where it gives protection to infrastructure during the uncertain weather conditions. In addition, it is also used to protect the windows & doors, and floor slab surfaces from rain, moisture, UV radiation, etc.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 2.6 Billion |
| Projected Market Size in 2030 | USD 3.56 Billion |
| CAGR Growth Rate | 4.5% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | 3M, DuPont, Aculon Inc., BASF SE, P2i, ABRISA TECHNOLOGIES, NEI Corporation, DRYWIRED, ACCUCOAT INC., OerlikonMetco (US) Inc, NANEX COMPANY, NeverWet, Hdromer Inc, Corning Incorporated, Applied Medical Coatings, and Others |
| Key Segment | By Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. Buy Now |
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Key Players
- 3M
- DuPont
- Aculon Inc.
- BASF SE
- P2i
- ABRISA TECHNOLOGIES
- NEI Corporation
- DRYWIRED
- ACCUCOAT INC.
- OerlikonMetco (US) Inc
- NANEX COMPANY
- NeverWet
- Hdromer Inc
- Corning Incorporated
- Applied Medical Coatings
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Segments covered in the report
By Type
- Polysiloxanes
- Fluoro Alkylsilanes
- Fluoropolymers
- Others
By Application
- Building & Construction
- Automotive
- Aerospace
- Electronics
- Textile
- Food & Packaging
- Others
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On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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Recent Development
- 2017 – NBD Nanotechnologies launched a new coating solution, InvisiPrint, which makes fingerprints invisible on metal and glass surfaces. The product will assist manufacturers in meeting consumer demand for a solution to lessen the look of fingerprints on electronic displays, car interiors, bathroom faucets, and kitchen appliances. InvisiPrint is a coating that is both oleophilic and hydrophobic in nature.
- July 2018 – GKN Aerospace established a new hydrophobic coating for cockpit glass at its transparencies centre of excellence in Garden Grove, California. Rain shedding in-flight/ground activity is provided by a permanent surface treatment that significantly enhances resistance to surface abrasion.
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This Hydrophobic Coatings Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Hydrophobic Coatings? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Hydrophobic Coatings Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Hydrophobic Coatings Market? What Was the Capacity, Production Value, Cost and PROFIT of the Hydrophobic Coatings Market?
- What Is the Current Market Status of the Hydrophobic Coatings Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Hydrophobic Coatings Market by Considering Applications and Types?
- What Are Projections of the Global Hydrophobic Coatings Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Hydrophobic Coatings Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Hydrophobic Coatings Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Hydrophobic Coatings Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Hydrophobic Coatings Industry?
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Reasons to Purchase Hydrophobic Coatings Market Report
- Hydrophobic Coatings Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- The hydrophobic Coatings Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Hydrophobic Coatings Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- The Hydrophobic Coatings Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
- The study provides a thorough overview of the global Hydrophobic Coatings market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Hydrophobic Coatings market analysis.
- The competitive environment of current and potential participants in the Hydrophobic Coatings market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
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Who should buy this report?
- Participants and stakeholders worldwide Hydrophobic Coatings market should find this report useful. The research will be useful to all market participants in the Hydrophobic Coatings Industry.
- Managers in the Hydrophobic Coatings sector are interested in publishing up-to-date and projected data about the worldwide Hydrophobic Coatings market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Hydrophobic Coatings products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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