A recent report published by Infinium Global Research on hydrophobic coatings market provides in-depth analysis of segments and sub-segments in global as well as regional hydrophobic coatings market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional hydrophobic coatings market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global hydrophobic coatings market. According to the report the global hydrophobic coatings market is projected to grow at a CAGR of 5.8% over the forecast period of 2018-2024.
The word ‘Hydrophobic’ implies, tending to repel or fail to mix with the water. In other words, it is a coating that has hydrophobic properties that block water. The word hydrophobic is often confused with the word like superhydrophobic coating. The main difference between the hydrophobic and superhydrophobic coating is the difference in contact angle and the character of the surface. A hydrophobic coating is highly durable than the superhydrophobic coating. Some of the advantages of hydrophobic coating include decreased dirt retention, self-clean ability, improved moisture, and corrosion resistance, as well as the extended life expectancy of the coating and the substrates.
The remarkable properties possessed by the hydrophobic coatings and its ability to be used on different surfaces and different material including glass, ceramics, metals, and several others, are the key factor driving the growth of the hydrophobic coating market. The hydrophobic coating is widely used in building and construction industry, the use of hydrophobic coating improves the thermal performance and increases insulation properties of buildings. Also, it vastly reduce the chances of mold appearing on internal walls of the home, the wall insulation helps to keep home hot in the winter, and cool in summer. Thus with the continual growth in the building and construction, the demand for hydrophobic coating is increasing. In addition, the hydrophobic coating is used for optical applications, these coatings are used for sunglasses, consumer optics, high tech optical components, lasers and precision optics, goggles, sapphire optics, and several other applications. Moreover, in display applications, these coatings are used for video optical components, cellphones, smartphones, pen applications, LCD, plasma, projection displays, and OEM treatments. With increasing modernization and improved standard of living, the use of hydrophobic coatings will increase in home applications, which in turn, would drive the demand for the hydrophobic coating market. However, the use of superhydrophobic coating and other similar substitutes can hamper the growth of the hydrophobic coating market. With an increasing number of applications of hydrophobic coating in electronics application, mainly for inkjet repellency, ant wetting applications, microfluidic channels, stainless steel components, hard disc drives, and much more, the demand for hydrophobic coating will increase over upcoming years.
Among the geographies, the Asia Pacific region accounted for the highest market share in 2017 followed by the North America region. Asia Pacific region is expected to dominate the hydrophobic market throughout the forecast period, on account of Increasing industrialization, rapid urbanization and increasing investments in the building and construction coupled with rising disposable income among the citizens of this region. Also, increasing automotive industry and on-going innovations in the aerospace industry to drive the demand for the hydrophobic coating in this region.
The report on global hydrophobic coatings market covers segments such as material, application, and end user. On the basis of material the global hydrophobic coatings market is categorized into polysiloxanes, fluoro alkylsilanes, fluoropolymers, and others. On the basis of application the global hydrophobic coatings market is categorized into anti-microbial, anti-icing/wetting, anti-fouling, anti-corrosion and self-cleaning. On the basis of the end, user the global hydrophobic coatings market is categorized into building & construction, automotive, aerospace, and marine and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global hydrophobic coatings market such as Oerlikon Metco (US) Inc., AccuCoat Inc., Drywired, NEI Corporation, Abrisa Technologies, P2i, BASF SE, Aculon Inc., E. I. Du Pont de Nemours and Company and 3M.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global hydrophobic coatings market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hydrophobic coatings market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the hydrophobic coatings market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the hydrophobic coatings market to understand the present and future trends in this market and formulate their strategies accordingly.
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