A new analysis report on the Global hydrophobic Coatings Market, which is forecasted between 2021 and 2028, has been published by Knowledge Sourcing Intelligence.
Global Hydrophobic Coatings Market is projected to experience a CAGR of 6.08%, with the market expanding from US$1,105.194 million in 2021 to US$1,670.602 million by 2028.
The market is expected to thrive due to the extensive utilization of hydrophobic coatings in various industries, readily available raw materials, and heightened research and development endeavors aimed at innovating new types of hydrophobic coating products. Furthermore, the advancement of hydrophobic coating technology for use in solar panels, coupled with the growing need for sustainable energy solutions, is a significant factor poised to boost the hydrophobic coatings market in the foreseeable future.
Hydrophobic Coatings Market serves as protective shields, primarily utilized on a variety of surfaces like glass, concrete, metal, ceramics, and polymers across diverse industries.
The Global Hydrophobic Coatings Market is significantly influenced by the diverse applications of hydrophobic coatings across various sectors. For instance, Malco Products, Inc., a US-based chemical manufacturing company, introduced Epic Pro, a new ceramic hydrophobic coating in March 2022. These coatings find substantial demand in the pharmaceutical industry due to their biocompatible, abrasion-resistant, lubricious, and nonchromogenic properties, aiding in the maintenance of cleanliness in surgical instruments, medical equipment, and other devices. Ongoing research and development initiatives in different fields further contribute to market expansion, exemplified by the creation of ATL, a biocidal hydrophobic coating with nanocomposites, by scientists at India’s International Advanced Research Centre for Powder Metallurgy and New Material in February 2023. Additionally, researchers at Egypt’s National Research Center developed a novel hydrophobic coating for thin films in November 2022 to extend the shelf life of harvested fruits. As a result, fast advancements in hydrophobic coating technology, powered by various research initiatives, are likely to propel the production and consumption of hydrophobic coating products over the forecast period.
Based on substrate type, the Global Hydrophobic Coatings Market can be categorized into glass, concrete, metals, ceramics, polymer, and others. The glass segment holds the major shares of the concrete substrate segment and is expected to dominate the hydrophobic coatings market, driven by robust growth in the building and construction industry. Hydrophobic coatings are applied to concrete surfaces to prevent issues such as cracking, expansion, scaling, and crumbling.
Based on the property, the Global Hydrophobic coating Market is segmented into anti-corrosion, anti-microbial, anti-icing, anti-fouling, and self-cleaning. The anti-microbial coatings are forecasted to experience the fastest growth in the market. These coatings inhibit the growth of microorganisms on various surfaces, making them particularly sought-after in medical and optical applications during the projected period.
Based on the end-user industry the Global Hydrophobic Coatings Market is categorized into medical, aerospace, automotive, building & construction, electronics, textiles, and others. The automotive sector is projected to dominate the market during the forecast period, primarily due to the rising vehicle production, which fuels demand for hydrophobic coatings in the automotive industry.
Based on Geography, the Global Hydrophobic Coatings Market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Asia Pacific region plays a substantial role in the hydrophobic coatings market and is anticipated to witness growth in the coming years. This growth is attributed to the expansion of the electronics, automotive, and pharmaceutical industries in major Asian economies, driving the consumption of hydrophobic coatings in the region.
As a part of the report, the major players operating in the Global hydrophobic Coatings Market that have been covered are 3M, BASF SE PPG, Nippon Paint Holdings Co., NEI Corporation, Surfactis, Aculon, Cytonix, NeverWet, Ltd., Drywired,
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-hydrophobic-coatings-market
This analytics report segments the Global Hydrophobic Coatings Market on the following basis:
- By Substrate Type
- By Property
- By End-User Industry
- Building & Construction
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America