According to Custom Market Insights (CMI), The Global Hydrophobic Coatings Market size was estimated at USD 2.6 billion in 2021 and is expected to hit around USD 3.56 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030.
Hydrophobic coatings are also identified as waterproof coatings. Generally, hydrophobic coatings are ultra-tiny layers of superhydrophobic material that help protect the painted surfaces from external factors such as dust, moisture, rain, corrosion, and others. Hydrophobic coatings possess various properties, such as resistance to water, chemical, UV, colour, and gloss. Owing to these properties, it has a wide range of applications in various end-use industries, including automotive, textile, building & construction, aerospace, medical, and others.
Browse the full “Hydrophobic Coatings Market Size, Trends, and Insights By Type (Polysiloxanes, Fluoro Alkylsilanes, Fluoropolymers, Others), By Application (Building & Construction, Automotive, Aerospace, Electronics, Textile, Food & Packaging, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2023–2032” report at https://www.custommarketinsights.com/report/hydrophobic-coatings-market/
Market Dynamics
Drivers
Increasing demand from the building & construction sector is one of the key factors responsible for the global hydrophobic coatings market growth. Hydrophobic coatings are preferred over conventional coating material due to their low volatile organic content and water retention capacity. Hydrophobic coatings are used extensively in construction as they are resistant to corrosion, water, chemical spill, and others.
For instance, according to an article published by Invest India in the year July 2022, the construction industry is expected to reach $1.4 trillion by 2025. In response, polysiloxane-based hydrophobic coatings are used predominantly in the building infrastructure to protect them against corrosion, acid rains, chemical spills, etc. These factors are anticipated to increase the demand for hydrophobic coatings in the construction sector.
Restraints
However, the lack of skilled labour is restricting the expansion of the global hydrophobic coatings market during the forecast period. Furthermore, the high price of hydrophobic coating restraining the market’s overall growth. In addition, high production costs and the requirement of advance machinery will slow down the market. On the other hand, manufacturers are switching to alternative substitutes for hydrophobic coatings due to high production costs and rising prices of raw materials.
Opportunities
The proliferating growth of the automotive sector has witnessed significant growth in the hydrophobic coatings market. The growing adoption of automotive displays, human-machine interfaces, and automated systems are being embedded in luxurious cars by several key manufacturer players, including TATA Motors, Mahindra, Hyundai, Tesla, Ford, Audi, and others. Waterproof coatings are majorly employed for longer durability, self-healing, hardness, and self-cleaning applications. These coatings possess properties such as thermal insulation, anti-fingerprint, corrosion resistance, and others. Thus, the growth of the automotive sector will drive the demand for hydrophobic coatings in the upcoming years.
Challenges
Over the forecast period, hydrophobic coatings are new to the market, and gaining an edge over completion may be challenging. In addition, rising raw materials prices and high installation costs for nontechnology may be challenging factors in the hydrophobic coatings market.
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Report Highlights.
Based on type, the segment includes polysiloxanes, fluoro alkylsilanes, fluoropolymers, and others.
The polysiloxanes segment dominated the market in 2021 and is expected to grow over the forecast period. Polysiloxanes hydrophobic coatings are extensively used in the building materials, automotive, electronics, medical devices, and household (primarily in the bathroom) sectors. In contrast, wooden furniture uses waterproof coatings to protect the wood from fungal infection especially caused due to Aspergillus Niger.
In addition, the growing global population, change in lifestyle, and increased focus on hygienic activities have enhanced the demand for hydrophobic coatings, which are extensively used in the medical sector, household appliances, and commercial & residential sectors. These factors are escalating the demand for hydrophobic coatings during the forecast period.
Based on Application, the segment includes building & construction, automotive, aerospace, electronics, textile, food & packaging, and others. Building & construction dominates the hydrophobic coatings market and is expected to remain the dominant segment during the forecast period.
Hydrophobic coatings are considered high-performance materials widely employed in construction to protect the infrastructure from UV radiation, sunlight, corrosion, and other factors. Mainly photocatalytic and hydrophobic coatings are used in buildings & exteriors to protect the substrate from UV radiations and moisture. These factors are escalating the growth of the hydrophobic coatings market.
Regional Snapshots
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominant region in the hydrophobic coatings market. Hydrophobic coatings have increased in sectors such as building & construction, automotive, electronics, and other key market trends in the Asia-Pacific region.
Key Players
- 3M
- DuPont
- Aculon Inc.
- BASF SE
- P2i
- ABRISA TECHNOLOGIES
- NEI Corporation
- DRYWIRED
- ACCUCOAT INC.
- OerlikonMetco (US) Inc
- NANEX COMPANY
- NeverWet
- Hdromer Inc
- Corning Incorporated
- Applied Medical Coatings
Table of Contents: https://www.custommarketinsights.com/report/hydrophobic-coatings-market/#table-of-contents
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