Global Hydrophobic Coatings Market Size 2024, Forecast To 2033
6 Mar, 2024
The hydrophobic coatings market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to demand in automotive sector, industrial infrastructure protection, electronics and electronic components, marine and aerospace applications, medical device coating. The hydrophobic coatings market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. Major trends in the forecast period include smart coating technologies, advancements in nanotechnology, self-cleaning surfaces, anti-icing and de-icing applications, innovation in biocompatible hydrophobic coatings.
Global Hydrophobic Coatings Market Key Driver
An increase in vehicle production is expected to propel the growth of the hydrophobic coating market going forward. A vehicle refers to an automobile with wheels and an engine that is used to transport people or products, typically on land. Hydrophobic coatings are applied to the glass, paint, and other exterior components of a vehicle to make them more resistant to water, it forms a hydrophobic shield, causing water droplets to bead up and roll off the surface of the automobile. Additionally, the rise in disposable income in developing countries has favored the demand for vehicles. For instance, in April 2022, according to the European Automobile Manufacturers' Association, a Belgium-based main lobbying and standards group of the automobile industry, in 2021, 79.1 million motor vehicles were produced worldwide, a 1.3% increase over 2020. In 2021, the United States produced 9.2 million automobiles, a 4.5% increase over 2020. Therefore, an increase in vehicle production is driving the growth of the hydrophobic coatings market going forward. In 2023, the hydrophobic coatings market reached $P billion and is anticipated to grow to $Q billion by 2024. By 2028, the market is forecasted to be valued at $R billion.
Get A Free Sample Of The Global Hydrophobic Coatings Market ReportGlobal Hydrophobic Coatings Market Segments
The hydrophobic coatings market covered in this report is segmented –
1) By Product: Polysiloxanes, Fluoro-Aklylsilanes, Fluoropolymers, Titanium Dioxide, Other Products
2) By Function: Anti-Microbial, Anti-Icing, Antifouling, Anti-Corrosion, Self Cleaning
3) By Fabrication Method: Chemical Vapor Deposition, Phase Separation, Sol-Gel Process, Electro Spinning And Etching
4) By Application Method: Dip-Coating, Brushing, Roll Coating, Spraying, Other Application
5) By End-User: Automotive, Electronics, Building And Construction, Marine, Textiles, Healthcare, Aerospace, Oil And Gas, Food And Beverages, Other End-Users
By Geography:The regions covered in the hydrophobic coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the hydrophobic coating market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global hydrophobic coating market during the forecast period. The regions covered in the hydrophobic coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Hydrophobic Coatings Industry Players
BASF SE, DryWired, PPG Industries Inc., 3M Company, NEI Corporation, Nippon Paint Holdings Co. Ltd., NeverWet LLC, Aculon Inc., Cytonix Corporation, Lotus Leaf Coatings Inc., Advanced NanoTech Lab, Kansai Paint Ltd., Endura Manufacturing Company Ltd., Nanokote PTY Ltd., Precision Coating Company Inc., The Sherwin Williams Company, Masters Building Solutions, NTT Advanced Technology Corporation, COTECH GmBH, Akzo Nobel N.V., Surfactis Technologies, Nanogate, MesoCoat Inc., AccuCoat Inc., Rust-Oleum, UltraTech International Inc., P2i Ltd., Neiker-Tecnalia, Sto SEA Pte. Ltd., Allegiance NanoSolutions, Artekya Technology Ltd.
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Hydrophobic Coatings Market Overview
Hydrophobic coatings refer to a tendency to reject water or not mix with it. Coatings with a hydrophobic (EU) or superhydrophobic surface can provide a variety of benefits to the substrate and coating surface to which they are applied. Many consumer products use hydrophobic coatings to increase water repellant, water filtering, moisture detection, and corrosion protection.
Hydrophobic Coatings Global Market Report 2023 provides data on the global hydrophobic coatings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hydrophobic coatings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.