USD 2.30 billion
Report ID:
SQMIG15E2376 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
69
|Figures:
77
Hydrophobic Coatings Market size was valued at USD 2.42 Billion in 2023 and is poised to grow from USD 2.55 Billion in 2024 to USD 3.82 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Hydrophobic coatings are categorized by their exceptional physical properties, with resistance to abrasion, corrosion, water, and protection against several types of pollutants, bio-fouling, and self-cleaning capabilities. These compensations have controlled their widespread acceptance across a variety of industries, including aerospace, automotive, marine, building and construction. The continuous focus on organization development, coupled with moving consumer presences and improving standards of living in developing economies like India, is predictable to positively impact the growth of the automotive and construction sectors. This, in turn, produces a highly favourable environment for the expansion of the global hydrophobic coatings market during the forecast period. Hydrophobic coatings, known for their outstanding water resistance properties, are increasingly being recognized for their potential application in car displays and windows, particularly in hostile climate conditions such as heavy rains. This is predictable to subsidize the mounting of the global hydrophobic coatings market.
Additionally, hydrophobic coatings find wide use in medical devices employed in vascular, endovascular, and neurological procedures. These coatings are applied to reduce friction between the medical device and blood vessels, enhancing their efficiency. The increasing number of surgeries worldwide, coupled with increased production of medical devices, is extra fuelling the growth of the hydrophobic coatings market. According to the National Council of Textile Organizations (NCTO), the total value of shipments for man-made fiber, textile, and apparel in the United States stretched an estimated USD 65 billion in 2022, showing growth associated with the USD 60.8 billion in deliveries recorded in 2021. Data provided by the Office of Textiles and Apparel (OTA), a division of the United States Department of Commerce, reveals that during the first half of 2022, U.S. exports of textiles and clothing practiced a notable growth of 13.10% compared to the previous year. These exports grew from USD 10.99 billion in the similar period in 2021 to USD 12.44 billion.
Global Market Size
USD 2.30 billion
Largest Segment
Antimicrobial
Fastest Growth
Anti-icing/wetting
Growth Rate
5.2% CAGR
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The Global Hydrophobic Coatings Market is segmented on the basis of property, application and region. By property, the market is segmented into antimicrobial, anti-icing/wetting, anti-fouling, anti-corrosion, self-cleaning and others. By application, the market is segmented into aerospace, automotive, construction, medical, optical and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Property
The market for antimicrobial coatings is expected to witness rapid development, primarily credited to their widespread utilization in the medical sector. These coatings play a critical role in preventing the growth of microbiological constituents on various surfaces. Accordingly, a significant surge in demand for antimicrobial coatings is forecasted in medical and optical applications over the projected period.
The hydrophobic coating market is controlled for expansion, driven by the growing need for antimicrobial coatings. This request surge is expected to be further strengthened as extra nonwoven products, including gowns and gloves, and water-repellent surgical apparatuses are manufactured. Moreover, the application of these coatings on maritime and construction items is projected to contribute to the market's growth. Particularly, self-cleaning hydrophobic coatings are predictable to experience considerable growth in the coming nine years, mostly due to their low maintenance requirements. Furthermore, the remarkable corrosion resistance provided by anti-corrosion coatings is predicted to support the flourishing aerospace and automotive industries during the predicted time frame.
Analysis By Application
In 2022, the main application focus of the product was in the automotive sector. The prediction specifies a rising demand for hydrophobic coatings with anti-corrosion, anti-icing/wetting, and self-cleaning belongings in the automotive industry throughout the predictable period. Remarkably, the automotive sector is experiencing considerable growth in regions like Asia Pacific, North America, and the Middle East & Africa, presenting new chances for sector expansion throughout the forecast period.
The aircraft sector is predictable to witness development due to the increased acceptance of anti-corrosive and anti-icing/wetting coatings. Anticipated growth in profitable aircraft production is composed to benefit from the surge in passenger travel demand, driven by growing consumer disposable revenue and evolving routines. This trend is anticipated to positively impact industry growth through the complete projection period.
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The Asia Pacific region is predicted to establish the highest growth rate in the hydrophobic coatings market, with a projected CAGR above 7% from 2016 to 2025. The improved manufacturing of vehicles in China and India is composed to be a key driver for the demand for these coatings in the coming nine years. Moreover, the increasing medical industry in the region, attached with a high production volume of medical apparatuses and equipment, is expected to contribute absolutely to the demand for hydrophobic coatings in the Asia Pacific region.
North America and Europe together characterize more than 50% of the total market share, determined by considerable production volumes in key end-user segments such as automotive, airplanes, and medical devices. These regions showcase a high flexibility to new technologies, leading to a predicted substantial penetration of the product across various application sectors, thereby positively manipulating the market.
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Drivers
Rising Awareness of Environmental Sustainability
Infrastructure Development
Restraints
Limited Durability in Certain Conditions
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The competitive landscape of the global hydrophobic coatings market offers a complete view of numerous competitors, surrounding key details such as company impression, financial presentation, revenue generation, market possible, investment in research and development, new market initiatives, production capacities, strengths and faintness, product launches, product variety, and application domination. It is indispensable to note that the declared data points completely pertain to the companies' strategic focus within the market, if valuable insights into their positioning and doings within the hydrophobic coatings industry.
Top Player’s Company Profiles
Recent Developments
Growing Popularity of Anti-icing Coatings
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Hydrophobic Coatings Market analyses, the market analysis exposes a surge in demand across varied industries such as automotive, aerospace, construction, and electronics, fuelled by the coatings' aptitude to provide water resistance, corrosion protection, and self-cleaning possessions. Advancements in nanotechnology are causative to the growth of highly effective and tough hydrophobic coatings, while a notable trend near sustainable preparations aligns with the industry's response to ecological concerns. The market also reproduces a growing interest in anti-icing coatings, predominantly in aviation and infrastructure applications, emphasizing security and flexibility. With a dominant presence in the Asia-Pacific region, led by states, and cooperative efforts within the industry, the hydrophobic coatings market is composed for continued expansion, contributing a wide collection of application-specific solutions to meet evolving customer and manufacturing needs.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.42 Billion |
Market size value in 2032 | USD 3.82 Billion |
Growth Rate | 5.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Hydrophobic Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hydrophobic Coatings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hydrophobic Coatings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hydrophobic Coatings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15E2376
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