Selbyville, Delaware, Sept. 28, 2018 (GLOBE NEWSWIRE) --
Hydrophobic Coatings Market size will exceed USD 2 billion by 2024; according to a new growth analysis report by Global Market Insights, Inc. Increasing development of water-repellent materials has recently attracted a lot of attention due to wide range of applications that these surfaces offer hence, expecting favorable hydrophobic coatings market growth. Self-cleaning surfaces, stain resistant textiles or anti-icing Coatings, anti-fouling materials, are just some examples that show the potential of these materials. Additionally, the development of paints and Coatings for outdoor use will further propel product demand.
China fluoropolymer based hydrophobic coatings market size is expected to surpass USD 110 million in the projected timeframe owing to increasing electronic regional market. It is resistant to acids, solvents and friction. Increasing consumer preference towards high quality electronic products along with rising investment in Coatings industry braced by implementation of sustainable techniques will have a positive impact on market growth.
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Hydrophobic coatings market size from aerospace application may witness significant gains up to 5% by 2024. The product would be applied to whole surface of plane and could help prevent buildup of ice deposits. The ice-building up on the exteriors of aerospace machines owing to flying higher altitudes and encountering supercooled water when flying through low-lying clouds could cause substantial problems, including drag and lift specially, accumulations of ice could result in severe transportation problem owing to imbalances of aircrafts under a high speed.
Heavy capital expenses in infrastructure capabilities, expensive treatment and corrosion in contrast to easily available substitute including hard-wax will restrict industry profitability, thus affecting hydrophobic coatings market price trends. Emissions released by overheated PTFE are toxic to humans & animals and does not provide same resistance to deterioration which may bound industry growth.
Browse key industry insights spread across 520 pages with 846 market data tables & 31 figures & charts from the report, “Hydrophobic Coatings Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hydrophobic-coatings-market
Hydrophobic coatings market size from medical application is anticipated to exceed USD 60 million by 2024. With the product properties of repellency to fluids, blood, and tissue sheets which slide off easily. It keeps surgical tools clean and reduces risks of infection and contamination in patients owing to its anti-microbial, self-cleaning and antifouling properties, thus stimulating product demand.
Metal substrate segment may witness strong gains up to 6% by 2024. The product is transparent fluid resistant and durable which has been developed for corrosion mitigation. They have high concentration than traditional organic polymer Coatings and are electrically protecting, ensuring improved barrier properties to water and corrosion. Metals attract water owing to electromagnetic attraction causing corrosion. The product can be applied easily & safely without complications machinery which would boosting market growth.
U.S. titanium dioxide based hydrophobic coatings market size is anticipated to exceed USD 20 million in the projected timeframe owing to anti-smudging and easy-to-clean properties. They are very effective for developing durable and mechanically stable Coatings that can also serve as a barrier. It has extensive usage in cements, paints, window glasses & textiles application which will contribute towards regional product demand.
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Hydrophobic coatings market size from anti-microbial property may witness significant gains up to 4% by 2024. Antibacterial and water-repellent Coatings on textile surfaces are being increasingly utilized as they are healthier and more comfortable on garments in daily life. Manufacturers are using sol gel techniques which have recently attracted a wide attention to develop innovative high value-added products.
Global hydrophobic coatings market share is fragmented and competitive with major players including DryWired, NeverWet, 3M, Aculon, PPG, NEI Corporation, AkzoNovel, Cytonix, and Nippon Paint.
Browse Related Reports:
Aerospace Coatings Market Statistics, 2017 – 2024
Aerospace Coatings Market size was worth over USD 680 million in 2016 and the demand is estimated to cross 16 kilo tons by 2024 at 5.4% CAGR from 2017 to 2024. North America aerospace coatings market size crossed 3 kilo tones in 2016. Presence of key aircraft manufacturers coupled with new aircraft advancements such as 787 & 737 MAX by Boeing and A350 & A320neo by Airbus will support the industry growth.
https://www.gminsights.com/industry-analysis/aerospace-coatings-market
Textile Coatings Market Statistics, 2017 – 2024
Global Textile Coatings Market size was worth over USD 5.1 billion in 2016 and will surpass 5,600 kilo tons by 2024. Asia Pacific is among the dominant region accounting more than 50% of overall market share. Constant demand from construction, transportation and clothing application will support the overall textile coatings market growth.
https://www.gminsights.com/industry-analysis/textile-coatings-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.