Hydrophobic Coatings Market Size, Share, Growth Analysis, By Property(Anti-microbial, Anti-icing/wetting, Anti-fouling, Anti-corrosion), By Application(Aerospace, Automotive, Construction, Medical), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Hydrophobic Coatings Market?

Global Hydrophobic Coatings Market size was valued at USD 2.30 billion in 2022 and is poised to grow from USD 2.42 billion in 2023 to USD 3.63 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

Q: Who are the key vendors in the Global Hydrophobic Coatings Market?

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. 'PPG Industries, Inc.', '3M Company', 'The Sherwin-Williams Company', 'BASF SE', 'Akzo Nobel N.V.', 'Axalta Coating Systems Ltd.', 'Nippon Paint Holdings Co., Ltd.', 'DowDuPont Inc.', 'Evonik Industries AG', 'DryWired', 'NeverWet', 'RPM International Inc.', 'Aculon Inc.', 'Lotus Leaf Coatings, Inc.', 'Nanex Company', 'NEI Corporation', 'Surfactis Technologies', 'Rust-Oleum Corporation', 'Hexion Inc.', 'Cytonix LLC', 'Hygratek', 'Advanced Chemical Co., Ltd.'

Q: What is the key market trend for Global Hydrophobic Coatings Market?

The global hydrophobic coatings market is undergoing a distinguished surge in the approval of anti-icing coatings, chiefly in industries where stopping ice accumulation is crucial. This tendency is most prevalent in the aviation sector, anywhere the need to enhance safety and presentation has ambitious the adoption of hydrophobic coatings with anti-icing possessions. Anti-icing hydrophobic coatings produce a vital role in stopping the buildup of ice on dangerous surfaces of aircraft, safeguarding optimal aerodynamics and plummeting the risk of accidents caused by ice-related issues. Moreover, the growing emphasis on infrastructure pliability in regions disposed to harsh weather conditions has additionally propelled the request for these coatings. As a result, anti-icing hydrophobic coatings are flattering integral in various applications, protecting surfaces from the encounters posed by ice accretion and contributing to the overall development and divergence of the hydrophobic coatings market.

Report ID: SQMIG15E2376 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 69 | Figures: 77

Hydrophobic Coatings Market News

In July 2023, BASF Automotive OEM Coatings marked a substantial milestone by achieving 100% renewable energy operation across its sites in China, a main stride in its pursuit of net-zero transformation. This attempt, incorporating Renewable Direct Power Purchases, international renewable energy credentials, and other strategic events, is anticipated to result in a considerable reduction of approximately 19,000 tons of carbon releases by the close of 2023.

In September 2022, BASF Coatings revealed a state-of-the-art research center devoted to electrophoretic dip coating in Münster-Hiltrup, Germany, with a primary emphasis on forward hydrophobic coatings. Ordering safety and efficiency, the facility enables the simulation of customer procedures and paint systems.

In January 2022, Advanced Nanotech Lab exposed its undertaking into private label manufacture, manufacturing 9H ceramic coating, 10H ceramic coating, and numerous hybrid alternatives exclusively for one of the largest automotive lubricant producers in Asia.

Hydrophobic Coatings Market Report Snapshots

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Hydrophobic Coatings Market size was valued at USD 2.30 billion in 2022 and is poised to grow from USD 2.42 billion in 2023 to USD 3.63 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

The competitive landscape of the 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. 'PPG Industries, Inc.', '3M Company', 'The Sherwin-Williams Company', 'BASF SE', 'Akzo Nobel N.V.', 'Axalta Coating Systems Ltd.', 'Nippon Paint Holdings Co., Ltd.', 'DowDuPont Inc.', 'Evonik Industries AG', 'DryWired', 'NeverWet', 'RPM International Inc.', 'Aculon Inc.', 'Lotus Leaf Coatings, Inc.', 'Nanex Company', 'NEI Corporation', 'Surfactis Technologies', 'Rust-Oleum Corporation', 'Hexion Inc.', 'Cytonix LLC', 'Hygratek', 'Advanced Chemical Co., Ltd.'

As productions increasingly order eco-friendly practices, hydrophobic coatings arise as a solution that aligns with eco-friendly goals. These coatings, by encouraging self-cleaning properties and dropping the dependance on harsh cleaning chemicals, discourse the broader industry shift toward maintainable and responsible manufacturing. The capacity of hydrophobic coatings to improve durability and protection while diminishing environmental impact positions them as a favored choice for industries looking to balance working needs with a commitment to ecological responsibility. This increasing awareness of environmental sustainability is forcing the adoption of hydrophobic coatings across diverse sectors, contributing meaningfully to the market's upward course.

The hydrophobic coatings market is undergoing a distinguished surge in the approval of anti-icing coatings, chiefly in industries where stopping ice accumulation is crucial. This tendency is most prevalent in the aviation sector, anywhere the need to enhance safety and presentation has ambitious the adoption of hydrophobic coatings with anti-icing possessions. Anti-icing hydrophobic coatings produce a vital role in stopping the buildup of ice on dangerous surfaces of aircraft, safeguarding optimal aerodynamics and plummeting the risk of accidents caused by ice-related issues. Moreover, the growing emphasis on infrastructure pliability in regions disposed to harsh weather conditions has additionally propelled the request for these coatings. As a result, anti-icing hydrophobic coatings are flattering integral in various applications, protecting surfaces from the encounters posed by ice accretion and contributing to the overall development and divergence of the hydrophobic coatings market.

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.

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Hydrophobic Coatings Market Size, Share, Growth Analysis, By Property(Anti-microbial, Anti-icing/wetting, Anti-fouling, Anti-corrosion), By Application(Aerospace, Automotive, Construction, Medical), By Region - Industry Forecast 2024-2031

Hydrophobic Coatings Market News

Hydrophobic Coatings Market Report Snapshots

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What is the market size of Hydrophobic Coatings Market?

Who are the key vendors in the Hydrophobic Coatings Market?

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What is the key market trend for Hydrophobic Coatings Market?

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