Hydrophobic Coatings Market size to exceed $3Bn by 2030

Hydrophobic Coatings Market size is anticipated to surpass USD 3 billion in revenue by 2030, as per a new research report announced by Global Market Insights Inc.
 

The report identifies burgeoning healthcare expenditure and escalating demand for automobiles as the chief drivers of the hydrophobic coatings industry. Growing automotive sales, together with the snowballing need for surface protection in the aerospace, marine, automotive, and home markets will proliferate the demand for hydrophobic coatings. According to the International Energy Agency (IEA), European electric car sales have increased from 0.2 million units in 2016 to 2.3 million units in 2021. Therefore, a well-established automotive industry, especially in Europe, will fuel product demand in the coming years.
 

Beneficial properties to increase polysiloxanes segment demand

With respect to product, the study classifies the hydrophobic coatings market into polysiloxanes, fluoropolymers, titanium dioxide, fluoro-alkylsilanes, and others. In 2021, the polysiloxanes hydrophobic coatings industry size was recorded at over USD 165 million and is projected to expand at a significant growth rate through the estimated timeline. Advantageous features of polysiloxanes, including transparency, long-lasting, and resistance to high temperatures, abrasion, chemicals, and strong UV rays, will boost the demand for polysiloxane hydrophobic coatings in the forecasts period.
 

Favorable qualities to push glass substrate market expansion

The report further cites that the fluoropolymers hydrophobic coatings market from glass substrate will gain notable traction in the coming years, particularly for their self-cleaning quality. The widespread application of glasses in the automobile, construction, solar, electronics, aviation, and decorative products due to its favorable properties, such as scratch resistance, water resistance, and dust resistance, will propel hydrophobic coatings demand for glass substrates. The fluoropolymers by glass substrate segment was worth more than USD 90 million in 2021 and is estimated to depict a CAGR of over 5.5% through the estimated timeline.
 

Self-cleaning property of hydrophobic coating to shape market outlook

The study also indicates that the self-cleaning property segment is anticipated to garner over USD 225 million in revenue by 2030. The self-cleaning attribute of hydrophobic coatings helps in repelling germs, water, germs, and more and keeps the surface clean, dry, and stain-free. Additionally, impelled by its repellant properties, increased utilization of self-cleaning coatings from the solar, construction, and automotive industries will drive industry growth.
 

Browse key industry insights spread across 563 pages with 846 market data tables & 31 figures & charts from the report, “Hydrophobic Coatings Market Size By Product (Polysiloxanes [By Substrate (Metals, Glass, Concrete, Ceramics, Polymers, Textile/leather), By Property (Anti-microbial, Anti-Icing/Wetting, Antifouling, Anti-corrosion, Self-cleaning), By Applications (Aerospace, Automotive, Construction, Medical, Optical, Oil & Gas)], Fluoro-Alkylsilanes [By Substrate (Metals, Glass, Concrete, Ceramics, Polymers, Textile/leather), By Property (Anti-microbial, Anti-Icing/Wetting, Antifouling, Anti-corrosion, Self-cleaning), By Applications (Aerospace, Automotive, Construction, Medical, Optical, Oil & Gas)], Fluoropolymers [By Substrate (Metals, Glass, Concrete, Ceramics, Polymers, Textile/leather), By Property (Anti-microbial, Anti-Icing/Wetting, Antifouling, Anti-corrosion, Self-cleaning), By Applications (Aerospace, Automotive, Construction, Medical, Optical, Oil & Gas)], Titanium Dioxide [By Substrate (Metals, Glass, Concrete, Ceramics, Polymers, Textile/leather), By Property (Anti-microbial, Anti-Icing/Wetting, Antifouling, Anti-corrosion, Self-cleaning), By Applications (Aerospace, Automotive, Construction, Medical, Optical, Oil & Gas)], COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hydrophobic-coatings-market
 

Growing medical equipment demand to augment medical application segment progress

The deployment of titanium dioxide for medical applications will remain elevated in the upcoming years. The titanium dioxide hydrophobic coatings market size from the medical application segment was registered at over USD 7.5 million in 2021 and is projected to grow at more than 3% CAGR through 2030. The rising prevalence of infectious diseases around the world will push product adoption. The segment growth will further be driven by its ability to avoid the fouling of instruments and surgical tools from tissue debris and fluids, keeping them clean for a longer duration.
 

North America emerges as a prominent revenue pocket for hydrophobic coatings industry

The North America hydrophobic coatings market size is slated to reach over USD 668 million by 2030. The region is anticipated to emerge as a major hub for this industry owing to the flourishing construction sector in the urban areas. Moreover, robust demand for hydrophobic coatings from the automotive, construction, oil & gas, medical, and aerospace sectors for their various beneficial properties, including anti-microbial and anti-corrosion, will also accelerate the regional market statistics.
 

Product innovation to define hydrophobic coatings market trends

The competitive landscape of the hydrophobic coatings industry is expected to witness product development and a series of strategic collaborations and acquisitions by industry players. For instance, in January 2021, Nippon, a Japanese paint and paint products manufacturer, launched a new product named FASTAR. The innovation is the industry’s first next-generation nanotechnology-based hydrolysis antifouling paint. It is a self-polishing antifouling coating that encompasses a hydrophobic and hydrophilic nanodomain structure using unique nanotechnology.
 

In January 2022, Ant Lab, a hydrophobic coatings specialist firm, secured a multi-million-dollar agreement to manufacture 9H ceramic coating, 10H ceramic coating, and certain hybrid variants for one of the largest automobile companies in Asia. Some of the key hydrophobic coatings market players profiled in the report include PPG, 3M, NEI Corporation, Nippon Paint Holdings Co., Ltd., BASF SE, Ant Lab, Surfactis, Aculon, Akzo Nobel, Abrisa Technologies, Cytonix, NEI Corporation, NeverWet, Nippon Paint Holdings Co., Ltd., and Drywired.