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

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).

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.