Hydrophobic coatings, consisting of thin layers, provide water-repellent characteristics on a wide range of surfaces. They are utilized in industries such as electronics, aerospace, automotive, and marine, thanks to their nanotechnology-based composition. These coatings offer versatile applications in sectors like building materials and textiles, improving their durability and performance. Explore the transformative possibilities of hydrophobic coatings in numerous industrial fields.
According to Data Bridge Market Research, the Hydrophobic Coatings Market accounted for USD 1.90 billion in 2022, and is expected to reach USD 3.04 billion by 2030. The market is expected to grow with a CAGR of 6.00% in the forecast period of 2023 to 2030.
“Increasing demand of hydrophobic coatings in building and construction sector”
The global building and construction industry is experiencing significant growth, with India's construction sector projected to reach $1.4 trillion by 2025, as stated in an Invest India article. This growth is attributed to the rapid urbanization, leading to increased demand for hydrophobic coatings. These coatings offer protection to infrastructure against unpredictable weather conditions and are utilized to safeguard surfaces. The rising demand for hydrophobic coatings in the building and construction sector is expected to drive market growth in the forecast period.
What restraints the growth of the hydrophobic coatings market?
“Issues associated with usage of hydrophobic coatings”
The hydrophobic coatings market is expected to encounter difficulties from 2023 to 2030, primarily attributed to the stringent policies and regulations imposed by governments regarding the handling of chemicals used in these coatings. The industry faces challenges in complying with these regulations, which impact the production, distribution, and usage of hydrophobic coatings. As a result, the market may experience obstacles in its growth and development during the forecast period.
Segmentation: Global Hydrophobic Coatings Market
The hydrophobic coatings market is segmented on the basis of product, substrate type, coating layer, application method, function, grade, distribution channel and end-user.
- On the basis of product, the hydrophobic coatings market is segmented into polysiloxanes, fluoropolymers, fluoro-alkylsilanes, titanium dioxide, others.
- On the basis of substrate type, the hydrophobic coatings market is segmented into metal, glass, polymer, ceramics, concrete, textiles.
- On the basis of coating layer, the hydrophobic coatings market is segmented into single layer, multi-layer.
- On the basis of application method, the hydrophobic coatings market is segmented into dip coating, brushing, roll coating, spraying, others.
- On the basis of function, the hydrophobic coatings market is segmented into anti-corrosion, anti-microbial, anti-fouling, anti-icing/wetting, self-cleaning, others.
- On the basis of grade, the hydrophobic coatings market is segmented into food grade, industrial grade, others.
- On the basis of distribution channel, the hydrophobic coatings market is segmented into offline, online.
- On the basis of end user, the hydrophobic coatings market is segmented into automotive, electronics, building and construction, marine, textiles, healthcare, aerospace, oil & gas, food & beverages, others.
Regional Insights: Asia-Pacific dominates the Hydrophobic Coatings Market
Asia-Pacific dominates the hydrophobic coatings market due to growing demand of metal products in this region. China is prominent the growth of the Asia-Pacific hydrophobic coatings market owing to easy manufacture of the polysiloxanes products with the usage of high-quality raw material.
Europe is expected to be the fastest developing region during the forecast period of 2023-2030 as the building and construction sector in this region is witnessing a growing demand for polysiloxane products. This increased demand in the building and construction industry is driving the market growth for polysiloxane products.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-hydrophobic-coatings-market
Recent Developments
- In 2021, TNW and Akzo Nobel N.V. started a partnership to associate with passionate tech innovators. Both these companies work together to connect the largest collaborative innovation ecosystem of paints and coatings industry. This new endeavor runs several programs to accelerate these innovations. It launches new solutions and ideas for paints and coatings sector. This growth has aided the company in increasing its manufacturing methodologies by adopting new innovation techniques.
The Prominent Key Players Operating in the Hydrophobic Coatings Market Include:
- BASF SE (Germany)
- AkzoNobel N.V. (Netherlands)
- PPG Industries (U.S.)
- 3M (U.S.)
- Nippon Paint (India) Company Limited (India)
- Akzo Nobel N.V. (Netherlands)
- DuPont (U.S.)
- Corning Incorporated (U.S.)
- GVD Corporation (U.S.)
- P2i Ltd. (U.K.)
- Aculon (U.S.)
- NEI Corporation. (U.S.)
- CYTONIX (U.S.)
- Lotus Leaf Coatings, Inc (U.S.)
- Abrisa Technologies (U.S.)
- Endura Manufacturing Company Ltd (Canada)
- Kansai Paint Co., Ltd. (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of hydrophobic coatings market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Hydrophobic Coatings Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
