Increase in electric Vehicles drives the Super Hydrophobic Coatings Market

 

Superhydrophobic Coating Market

The increase in the sales of electric vehicles have constantly been rising up around world due to a hike in fuel prices and to reduce pollution. Total passenger electric vehicle sales, including hybrid vehicle sales were up by 24% over the last year.

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Data Bridge Market Research analyses that the superhydrophobic coating market is expected to grow at a CAGR of 10.1% in the forecast period of 2021 to 2028 and is expected to reach USD 39,649.95 thousand by 2028. The increased adoption of hydrophobic coating across various industries is escalating the super hydrophobic coatings market growth.

 

The rise in demand for super hydrophobic coatings in automotive sector is expected to drive the market's growth rate

Superhydrophobic coating is a thin layer that repels water and is made of composite materials where roughness is given by one component and low surface energy by the other. Nano technology makes it possible to develop superhydrophobic surface coatings which repel water and other liquids. The coatings are suitable for glass and plastic surfaces such as windows, to keep them clean for longer periods. Applications of superhydrophobic coatings include optical, display, electronic and industrial applications. Super hydrophobic coatings are extensively used in the automotive industry due to their excellent water and dust properties.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2021 to 2028

Base Year

2020

Historic Years

2019 (Customizable to 2013 - 2018)

Quantitative Units

Revenue in USD Thousands, Volumes in Units, Pricing in USD

Segments Covered

Raw material (Silica Nanoparticles, Carbon Nanotubes, Graphene, Manganese Oxide Polystyrene, Zinc Oxide Polystyrene, Precipitated Calcium Carbonate and Others), Substrate Type (Metal, Glass, Polymer, Ceramics, Concrete, Textiles and Others), Technology (Sol-Gel process, Chemical Vapor Deposition, Phase Separation, Electrospinning and Others), Coating Layer (Single Layer and Multi-Layer), Application Method (Dip Coating, Brushing, Roll Coating, Spraying and Others), Function (Anti-Corrosion, Anti-Icing, Anti-Wetting, And Self-Cleaning and Others), Grade (Food Grade, Chemical Grade and Others), Distribution Channel (Offline and Online), End User (Automotive, Electronics, Packaging, Building & Construction, Textiles, Healthcare, Aerospace, Industrial and Others)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA)

Market Players Covered

UltraTech International, Inc. (US), Henkel AG & Co (Germany), Aculon (US), NTT Advanced Technology Corporation (Japan), Keronite (UK), NASIOL NANO COATING (US), P2i Ltd (UK), Nanoshel LLC (UK), and Nanorh (US), among others

Data Points Covered in Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Segment Analysis:

Global super hydrophobic coating market is segmented into nine notable segments which are based on raw material, substrate type, technology, coating layer, application method, function, grade,  distribution channel, end user.

  • On the basis of raw material, the global super hydrophobic coating market segmented into silica nanoparticles, carbon nanotubes, graphene, manganese oxide polystyrene, zinc oxide polystyrene, precipitated calcium carbonate and others. In 2021, silica nanoparticles segment is expected to dominate in the global super hydrophobic coating market with 23.61% market share due to the extensive usage of silica nano particles as raw materials in coating industries increasing its demand.

In 2021, the metal segment is expected to account for the largest share of substrate type in the super hydrophobic coating market

The metal segment holds maximum market share in 2021 because its use in automotive and aerospace industries. The metal segment is growing with a CAGR of 10.1% in the forecast period of 2021 to 2028.

  • On the basis of technology the global super hydrophobic coating market is segmented into Sol-Gel process, chemical vapor deposition (CVD), phase separation, electrospinning and others. In 2021, Sol-Gel Process segment is expected to dominate in the global super hydrophobic coating market with 31.86% market share due to its extensive usage in coating industries.
  • On the basis of coating layer, global super hydrophobic coatings market can be segmented into single layer and multi-layer. In 2021, the multi-coating layer segment is expected to dominate in the global super hydrophobic coatings market with a 58.64% market share due to its unique properties.
  • On the basis of application method the global super hydrophobic coating market segmented into dip coating, brushing, roll coating, spraying and others. In 2021, spraying segment is expected to dominate in the global super hydrophobic coating market with 38.81% market share due to extensive usage of spraying technique in automobile and construction sectors.
  • On the basis of function, global super hydrophobic coating market can be segmented into anti-corrosion, anti-icing, anti-wetting, and self-cleaning and others. In 2021, anti-corrosion segment is expected to dominate in the global super hydrophobic coating market with a 35.72% market share due to usage of these coatings in optical and electronics segments.
  • On the basis of grade, global super hydrophobic market can be segmented into food grade, chemical grade and others. In 2021, chemical grade segment is expected to dominate in the global super hydrophobic coating market with a 62.17% market share due to sage of chemical grade coatings in textile segment to prepare different designs o products.
  • On the basis of distribution channel, global super hydrophobic coatings market can be segmented into offline and online. In 2021, offline segment is expected to dominate in the global super hydrophobic coatings market with 61.72% market share due to better checking of products.
  • On the basis of end-user, global super hydrophobic coatings can be segmented into automotive, electronics, packaging, building & construction, textiles, healthcare, aerospace, industrial and others. In 2021, industrial segment is expected to dominate in the global super hydrophobic coatings market with 21.87% market share due to increased usage of thermal and mechanical resistance coatings in electric and construction and marine industries.

Major Players

Data Bridge Market Research recognizes the following companies as the major super hydrophobic coatings market players, UltraTech International, Inc. (US), Henkel AG & Co (Germany), Aculon (US), NTT Advanced Technology Corporation (Japan), Keronite (UK), NASIOL NANO COATING (US), P2i Ltd (UK), Nanoshel LLC (UK), and Nanorh (US), among others.

Superhydrophobic Coating Market

Market Developments

  • In 2021, Henkel AG & Co added Extra Horizon as it’s ecosystem of partners. This new collaboration will help the company further accelerate innovation in the digitization of healthcare by combining Henkel’s expertise in advanced material solutions with Extra Horizon's leading medical and technical skills.
  • In 2020, UltraTech International, Inc. Introduced new ultra-surfcleaner technology used to separate water spills. Oil spills in the oceans from accidents and other causes are a major pollution threat, this technology used to prevent remove oil spills in oceans. It will help boost the company’s market growth as marine industries extensively use this technology for various applications.
  • In March 2020, Advanced Nanotech Lab developed a durable antimicrobial Nano coating. This coating was branded as ‘Hydraguard plus’. These coatings protect surfaces from the virus. This coating launch into market will increase company’s market growth.

Regional Analysis

Geographically, the countries covered in the super hydrophobic coatings market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in super hydrophobic coatings market during the forecast period

Asia-Pacific dominated the super hydrophobic coatings market owing to the large population which creating a large customer base. Asia-Pacific will continue to dominate the super hydrophobic coatings market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increase in investments within the region.

North America is estimated to be the fastest-growing region in super hydrophobic coatings market

North America is expected to grow from 2021 to 2028 due to higher mechanical resistance and anti-corrosion properties.

COVID-19 Impact Analysis

COVID-19 had a negative impact on various industries including super hydrophobic coatings market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The super hydrophobic coatings market adversely affected by due to the low availability of raw materials. The crisis caused disruption in the supply of raw materials that are utilized in the production of super hydrophobic coatings in China and other major manufacturing companies in North America and Europe.

On the brighter side, super hydrophobic coatings market is expected to witness growth in demand after the post-covid-19 situation owing to the ease on the restrictions and measures. The widespread application in several industries will assist the market in regaining its pace.

Frequently Asked Questions (FAQs)

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