Hydrophobic Coatings Market Analysis

Hydrophobic Coatings Market Analysis

In terms of products, the hydrophobic coatings market is categorized into polysiloxanes, fluoropolymers, fluoro-alkylsilanes, titanium dioxide, and others. The fluoropolymers hydrophobic coatings segment was valued at over USD 885 million in 2021 and is slated to grow at around 6.5% CAGR over the review timeline. Fluoropolymers are widely used in medical, electronics & electrical, automotive, and transportation industries. They offer numerous advantages, including thermal stability, chemical resistance, water resistance, and corrosion resistance.
 

With respect to substrate, the hydrophobic coatings market is divided into metal, glass, concrete, ceramics, polymer, textile/leather, and others. The polysiloxanes by ceramics substrate segment is likely to record a valuation of more than USD 8 million by 2030. The snowballing consumer inclination towards creating attractive and organized homes will augment the demand for ceramics for home décor, thereby facilitating segment growth.
 

Based on property, the hydrophobic coatings market is classified into anti-icing/wetting, self-cleaning, antifouling, anti-corrosion, anti-microbial, and others. The fluoropolymers by anti-icing/wetting segment is set to witness over 7% CAGR through the estimated timeline. The segmental growth can be attributed to rising demand for anti-ice coating from the automotive, aerospace, and communication equipment sectors as it enhances performance and reduces the energy consumption of the system.
 

In terms of application, the hydrophobic coatings market is segregated into aerospace, construction, automotive, optical, medical, oil & gas, and others. The polysiloxanes by automotive application segment was valued at more than USD 63 million in 2021 and is anticipated to progress at over 6.5% CAGR between 2022 and 2030. The soaring utilization of hydrophobic coatings on the inner and outer body surfaces of vehicles, as well as the booming automobile sector backed by increased expenditure on R&D, will bolster product adoption in automotive applications.
 

Regionally, the global hydrophobic coatings market is segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. The Asia Pacific industry is poised to garner more than USD 1 billion in revenue by the end of 2030. Rapid industrialization and the presence of large automobile manufacturing companies in emerging countries, such as India and China, are some of the socioeconomic factors that will impel product demand in the APAC region.
 

Another region that may emerge as a key revenue hub is the Middle East & Africa. High consumer preference for luxury leather goods owing to skyrocketing disposable income in the region will boost business expansion. Hydrophobic coatings are broadly used for leather goods as they offer water, oil, dirt, and UV resistance to the material, increasing its durability and giving a good surface finish. The MEA market will depict a CAGR of over 4% through 2030.