The growing focus on infrastructure development coupled with rising living standards in emerging economies is expected to have a positive impact on the rise of the automotive and construction industries, in turn, would fuel the growth of the demand for hydrophobic coatings.
Market Size – USD 1.45 Billion in 2019, Market Growth - CAGR of 5.2%, Market Trends – High demand from developing nations.
The global Hydrophobic Coatings Market is forecast to reach USD 2.19 Billion by 2027, according to a new report by Reports and Data. Growing production of water-repellent products has recently attracted a great deal of attention due to the broad variety of applications that these surfaces offer, anticipating favorable market growth for hydrophobic coatings. Examples of the promise of such products are stain-resistant textiles, self-cleaning fabrics, anti-fouling products, and anti-icing coatings. Additionally, the production of outdoor paints and coatings would further fuel the desire for the product. The market size of China fluoropolymer-based hydrophobic coatings is expected to increase significantly over the projected timeframe as a result of the rising regional electronics market. Increasing consumer preference for high-quality electronic goods along with rising investment in the coatings market will boost the performance of the market.
The aerospace component will be added to the whole surface of the plane, which would help to deter ice deposits from accumulation. Formed ice on the outside of aerospace machines due to higher flying altitudes and experiencing supercooled water while traveling through low-lying clouds may trigger serious problems, including drag and lift, ice accumulations may contribute to extreme transportation problem caused from the imbalances of aircraft under fast-speeds. In comparison to the readily accessible alternative of hard-wax, high capital investments in maintenance facilities, costly treatment, and degradation would hinder the competitiveness of the sector, thereby impacting consumer demand patterns in hydrophobic coatings. Emissions from overheated PTFE are harmful to humans and livestock, which may not have the same resistance to degradation that could require the growth of the industry.
Health application of repellence properties of the product against blood, tissue sheets, and fluids that easily slide off. Owing to its self-cleaning, anti-fouling, and anti-microbial effects, it maintains surgical instruments sterile and decreases the chances of infection and disease in patients, thus stimulating product demand.
Metal substrates are translucent, resistant to moisture, and robust, which has produced for corrosion mitigation. They are highly concentrated than organic chemical polymer coatings, and are electrically protective, ensuring improved water and corrosion barrier properties. Metals attract water because of the corrosion causing electromagnetic attraction. Without complexities machinery that might fuel business demand, the product can be implemented quickly and securely. They are very successful in creating robust and mechanically safe coatings and can act as a barrier as well. It has extensive usage of cement, paints, window frames & textile applications and will lead to regional demand for goods. Antibacterial and water-repellent Coatings are progressively used on textile surfaces since they are healthier and more convenient on clothing in daily life.
The COVID-19 impact:
While the COVID-19 epidemic is growing, manufacturers are increasingly adapting their industry and buying approaches to satisfy the demands of a pandemic that has established the Hydrophobic Coatings market-based need. A series of positive as well as negative shocks may arise over a few months as manufacturers and their vendors respond to rising consumer demands. With an adverse global situation, several countries look vulnerable to export-dependent economies. Due to a lack of downstream demand, some factories either shut down or decrease their capacity, the impact of this pandemic will reshape the global Hydrophobic Coatings industry. However, others stopped their output as a precautionary move by their respective governments to avoid the spread of the virus. In other countries, when looking at the magnitude of the epidemic and the consequent actions of the regional authorities themselves, consumers are centered on being more central. Throughout such situations, the market conditions have been volatile throughout Asia Pacific countries, collapsing periodically and finding themselves challenging to stabilize.
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Further key findings from the report suggest
- Based on the product, Titanium Dioxide generated a revenue of USD 0.60 billion in 2019. It projected to rise with a CAGR of 5.6% in the forecast period due to its photocatalytic properties, which, in the presence of water, produce hydroxyl-free radicals, which can turn organic molecules into carbon dioxide and water and kill microorganisms.
- The glass substrate expected to grow with a CAGR of 5.6% in the forecasted period, as it forms an influential association with glass materials to create a molecular matrix that prevents bonding water.
- The construction sectors are the major contributor to the Hydrophobic Coatings Market. The construction sectors of the Asia Pacific region are the major shareholder of the market and held around 26% of the market in the year 2019, owing to rapid growth in the construction industry and continuing development on infrastructure projects.
- The Asia Pacific dominated the market for Hydrophobic Coatings in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The Asia Pacific region held approximately 33.3% of the market, followed by Europe, which contains around 26.2% market in the year 2019.
- Key participants include BASF SE, 3M, PPG Industries, Abrisa Technologies, Advanced Industrial Coatings, NEI Corporation, Prelco, Nippon Paint, Aculon, and Drywired, among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hydrophobic-coatings-market
For the purpose of this report, Reports and Data have segmented into the global Hydrophobic Coatings market on the basis of product, substrate, application, and region:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Polysiloxanes
- Fluoro-Alkylsilanes
- Fluoropolymers
- Titanium Dioxide
Substrate Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
- Metals
- Glass
- Concrete
- Ceramics
- Polymers
- Textile
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Aerospace
- Automotive
- Construction
- Medical
- Optical
- Oil & Gas
Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- U.K
- France
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- Latin America
- Brazil
- Rest of LATAM
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The report emphasizes the following key questions:
- What are the most lucrative and promising growth prospects for the market?
- Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
- Which geographies are estimated to exhibit the highest growth and the underlying causes?
- Which factors are impacting the future of the market and what are the driving factors?
- What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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