Dublin, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The "Hydrophobic Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global hydrophobic coatings market, which was valued at US$ 2.3 billion in 2022, is set to experience substantial growth, with an expected market size of US$ 3.1 billion by 2028, exhibiting a robust Compound Annual Growth Rate (CAGR) of 5.2% during the period 2023-2028.
Hydrophobic Coatings: Shaping the Future of Surface Protection
Hydrophobic coatings are ultra-thin layers of nanoparticles engineered to repel water. They are applied to various surfaces, including metal, glass, concrete, plastic, wood, and ceramics, rendering them water-repellent and easier to clean, as water, dirt, and other substances bead up and roll off.
These coatings offer exceptional resistance to moisture, corrosion, scratches, and abrasions, along with self-cleaning properties. As a result, hydrophobic coatings have gained widespread adoption across diverse industries, including construction, automotive, healthcare, textiles, aerospace, and marine applications.
Market Trends and Growth Drivers
Several key trends and drivers are contributing to the growth of the hydrophobic coatings market:
- Diverse Applications: Hydrophobic coatings find applications across multiple sectors, including automotive, where they are used on car windows and metal components. The increasing production of automobiles, growing sales of high-end vehicles, and rising consumer spending are boosting demand.
- Innovations: The incorporation of nanoparticles in hydrophobic coatings to enhance performance and surface area is propelling market growth. Innovations such as smart sensors and grips that can automatically record and analyze golf shots are also driving demand.
- Healthcare Sector: In healthcare, antimicrobial hydrophobic coatings are being used to manufacture water-repellent medical devices, surgical tools, and nonwovens, such as gloves and gowns. This application is gaining momentum in the market.
- Anti-Corrosion Applications: The use of anti-corrosion coatings for aerospace and automotive components, coupled with increased construction activities in residential and commercial sectors, is contributing to market expansion.
- Technological Advancements: Ongoing advancements in hydrophobic coating technologies, along with significant investments in research and development by key industry players, are shaping a positive market outlook.
Key Market Segments
The report offers comprehensive insights and forecasts for key market segments:
Types:
- Anti-Corrosion
- Anti-Microbial
- Anti-Icing
- Self-Cleaning
- Anti-Fouling
- Others
Materials:
- Polysiloxanes
- FluoroAlkylsilanes
- Fluoropolymers
- Others
Fabrication Methods:
- Chemical Vapor Deposition
- Phase Separation
- Sol Gel Process
- Electrospinning
- Etching
Applications:
- Building and Construction
- Electronics
- Automotive
- Textiles
- Consumer Goods
- Medical and Healthcare
- Others
Regions:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape
Key players in the hydrophobic coatings market include 3M Company, Abrisa Technologies, AccuCoat Inc., Aculon Inc., Akzo Nobel N.V., BASF SE, Cytonix LLC, NEI Corporation, NeverWet LLC, Nippon Paint Holdings Co. Ltd., P2i Ltd., and PPG Industries Inc.
Key Questions Answered
The report addresses crucial questions about the global hydrophobic coatings market:
- What was the market size of the global hydrophobic coatings market in 2022?
- What growth rate is expected for the global hydrophobic coatings market during 2023-2028?
- What are the primary factors propelling the global hydrophobic coatings market?
- What impact has COVID-19 had on the global hydrophobic coatings market?
- What is the market segmentation based on type, material, fabrication method, and application?
- Which regions are key to the global hydrophobic coatings market?
- Who are the major players and companies operating in the global hydrophobic coatings market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 147 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $2.3 Billion |
| Forecasted Market Value (USD) by 2028 | $3.1 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/g01tcd
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