Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the hydrophobic coatings market provides an in-depth
analysis of segments and sub-segments in the 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, forecasts, and dollar values of the global
hydrophobic coatings market. According to the report, the global hydrophobic
coatings market is projected to grow over CAGR of 4% over the forecast period
of 2022-2028.
The value of the hydrophobic coatings market in 2022 was over USD 2.1 billion and is expected to reach more than USD 2.7 in 2028 and is expected to be growing with a CAGR of over 4% during the forecast period. 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 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 a superhydrophobic coating. Some of the advantages of hydrophobic coating include decreased dirt retention, self-clean ability, improved moisture, and corrosion resistance, as well the extended life expectancy of the coating and the substrates. Polysiloxanes hydrophobic coatings products are industrial maintenance and protective coatings that have applications characterized by chemicals, abrasion, high temperature, and extreme UV. Its admirable aesthetic weathering characteristics in terms of gloss retention along with chalk resistance properties are anticipated to fuel hydrophobic coatings market value. These products can be applied to plastic, paint, metal, and powder coat forming a permanent protective barrier in a vehicle. These coatings react with substrate surfaces to form an abrasion-resistant covering with very high bonding properties along with generating coatings with high flexibility and durability.
COVID-19 was an incomparable global public health emergency that has affected almost every industry and is projected to impact these various industry growths during the forecast period. During the Covid-19, pandemic people were compelled to stay in their homes. The governments of many countries in the world turned their focus to healthcare from other industries. This significantly disrupted their supply chain operations and manufacturing as lockdowns were imposed by the respective governments. Manufacturing facilities were all shut down due to the pandemic in almost every country across the globe. Logistical restrictions, manpower shortage, material unavailability, and other restrictions had reduced the growth of the industry. The pandemic has affected the normal production of companies.
The remarkable properties
possessed by the hydrophobic coatings and their ability to be used on different
surfaces and different materials including glass, ceramics, metals, and several
others, are the key factor driving the growth of the hydrophobic coatings
market. Hydrophobic coating is widely used in the building and construction
industry, the use of hydrophobic coating improves the thermal performance and
increases the insulation properties of buildings. Also, it vastly reduces the
chances of mold appearing on the internal walls of the home, the wall
insulation helps to keep the home hot in the winter and cool in summer. Thus
with the continual growth in 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 coatings market. However, the use of
superhydrophobic coating and other similar substitutes can hamper the growth of
the hydrophobic coatings market. With an increasing number of applications of
hydrophobic coating in electronics applications, 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 the upcoming years.
The report provides a regional
outlook covering geographies such as North America, Europe, Asia-Pacific, and
the Rest of the World. The Asia Pacific is expected to dominate the hydrophobic
coatings market during the forecast years. Asia-Pacific dominates the
hydrophobic coatings market due to the increased adoption of coatings in
various emerging countries in this region and the presence of a huge population
to drive the demand for various products where hydrophobic coatings are
applied. The rapid rise in disposable income has expanded demand for commercial
and passenger vehicles leading to growth prospects for these coatings. The
introduction of new government initiatives and FDI has led to an upsurge in
automotive and OEM production due to mounting investments from international
companies and firms. The presence of developing countries in this region and
their investment in the pharmaceutical and medical infrastructure is expected
to provide opportunities for the development of the hydrophobic coatings market
during the forecast period.
The report on the global hydrophobic
coatings market covers segments such as material, application, and end-user. On
the basis of material, the sub-markets include fluoroalkylsilanes,
fluoropolymers, and others. On the basis of application, the sub-markets include
anti-corrosion, anti-microbial, anti-icing, self–cleaning, and others. On the
basis of end-user, the sub-markets include building & construction,
electronics, automotive, textiles, medical & healthcare, and others.
The report provides profiles of
the companies in the market such as AccuCoat Inc., BASF SE, Aculon, Artekya,
Cytonix LLC, NEI Corporation, NeverWet LLC, P2i Limited, PPG Industries Inc.,
and Sto SEA Pte Ltd.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an 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 the hydrophobic coatings market. Moreover, the study highlights current
market trends and provides forecast from 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
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