This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Hydrophobic Coatings Market

Hydrophobic Coatings Market

Hydrophobic Coatings Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Hydrophobic Coatings Market
FACT6394MR

Market Snapshot

According to Fact.MR’s hydrophobic coatings industry analysis, the market is expected to witness sales of over 10,000 tons in 2021, and increase at a CAGR above 5% to top 13,000 tons by 2031.

The market is being driven by increasing demand from end-use industries, especially automotive, due to vastly improved features of hydrophobic coatings. The Asia Pacific region is a significant shareholder in the global hydrophobic coatings market, accounting for around 33% of the market's overall revenue in 2021.

Key Points Covered in Hydrophobic Coatings Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Hydrophobic Coatings and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Hydrophobic Coating Sales Analysis from 2016-2020 Vs Future Demand Outlook for 2021-2031

Over the last 5 years, the global market for hydrophobic coatings expanded at close to 5% CAGR. Asia Pacific holds the largest share in the global market, and this dominance is likely to continue over the forecast period as well. This is mostly due to rapid growth of various end-user industries in the region such as construction and automotive, which has been aided by supporting government measures such as tax refunds and others.

Because of high production volumes of end-user industries such as automotive, aerospace, and medical devices, North America and Europe together account for more than 50% of the overall market share.

Growing emphasis on infrastructure development combined with changing consumer habits and rising living standards in emerging nations such as India is predicted to boost the automobile and construction industries. This, in turn, creates an ideal environment for the sales of hydrophobic coatings, and the market is expected to progress at a CAGR of over 5% during the forecast period of 2021 to 2031.

Which Industries are Opening Up Growth Frontiers for Hydrophobic Coatings?

The aerospace industry is expected to drive demand over the coming years due to increased use of anti-corrosive and anti-icing/wetting coatings. Demand for hydrophobic coatings is also expected to expand significantly from the medical industry due to increasing use in the fabrication of biocompatible stainless-steel operating and surgical equipment.

Furthermore, increasing use of coatings in the optical industry for the production of spectacles and goggles is expected to have a substantial impact on market growth over the coming years.

Avail customized purchase options for your needs

Which Factors are Stimulating Demand for Hydrophobic Coatings?

Biocompatible, lubricious, nonchromogenic, and abrasion-resistant, hydrophobic coatings are used in a variety of applications. As medical devices are polluted with tissue waste or fluids, these materials are employed in diagnostic equipment, surgical tools, and appliances to keep them safe for extended periods of time, as such, increasing demand for the product.

The unique properties of hydrophobic coatings, such as low ice adhesion, low wettability, high strength, and UV resistance, are likely to drive market expansion over the forecast period.

Which Region Offers the Largest Opportunity for Hydrophobic Coating Manufacturers?

The market in Asia Pacific contributed to the largest market share of around 1/3, and is estimated to expand at a CAGR of over 5% during the period 2021 to 2031.

Asia Pacific (APAC) offers a promising market for hydrophobic coatings because of rising vehicle demand, aerospace industry advancements, and increasing number of startups in the medical device manufacturing sector, Demand for hydrophobic coatings is expected to be driven by rising investments in the building and construction industry as well.

hydrophobic coatings market

An Adaptive Approach to Modern-day Research Needs

Country-wise Analysis

Why is China Expected to Drive Most Demand for Hydrophobic Coatings?

The market for hydrophobic coatings in China is expected to surge the fastest at around 7% CAGR from 2021 to 2031.

China is concentrating its efforts on increasing the manufacturing and sale of electric vehicles. To this end, the country intends to raise electric vehicle (EV) production to 2 Mn units per year by 2021, and 7 Mn units per year by 2031. If this goal is met, electric vehicles will account for 20% of China's total new automobile production by 2031.

China is one of the world's fastest-growing aviation businesses, with passenger traffic increasing at a rate of roughly 6.6% each year. In this sense, China is estimated to require 7,690 new commercial aircraft over the next 20 years. Furthermore, the country plans to build a number of airports over the next five years, which is expected to raise demand for commercial planes.

The automotive sector and aviation industry and prominent users of hydrophobic coatings. As a result, during the forecast period, China expected to drive huge demand for hydrophobic coatings.

What are the Opportunities for Hydrophobic Coating Manufacturers in the United States?

The United States accounted for around 20% of worldwide market share due to enormous manufacturing levels of end-user products such as aircraft, auto, and medical equipment. Emerging technology has had a big impact in the country. As a result, hydrophobic coatings  position in market is expected to be robust, positively impacting the industry.

Category-wise Insights 

Why are Concrete Substrates of Hydrophobic Coatings the Most Sought-after?

Due to rise of the building & construction sector, the concrete substrate segment is expected to experience the highest CAGR of around 6% throughout the forecast period. Concrete is coated with hydrophobic coatings to prevent expansion, cracking, scaling, and crumbling.

By increasing the angle of contact between water droplets and the concrete surface, these hydrophobic coatings preserve the concrete surface for longer periods of time.

Why Do Hydrophobic Coatings Witness High Demand from the Medical Industry?

Medical device manufacturers are prominent users of hydrophilic coatings. This is due to the fact that hydrophilic coatings on medical equipment result in a uniformly moist and lubricated surface. In comparison to an uncoated device surface, the coating also aids in the decrease of surface friction.

Demand for catheters and guidewires has been steadily expanding due to continued medical device innovation and technological advancements. As a result, the need for hydrophilic coatings has surged in the medical sector, giving the industry a boost.

As a result of increased manufacturing of medical devices, demand for hydrophilic coatings in the medical device industry is expected to rise significantly throughout the forecast period.

How Has COVID19 Impacted Revenue Generation from Hydrophobic Coatings?

COVID-19 has had an impact on the overall market and the growth rate in 2019-2020. Our most recent research, thoughts, and insights point towards management challenges that matter the most to enterprises and organizations regarding the market, which is leading to digitizing operations in order to give trusted information and experiences to decision makers.

Due to the pandemic, industrial activities were hit in a big way during the first two quarters of 2020, and, as such, demand for hydrophobic coatings saw a decline. Lockdowns, trade restrictions, and other measures to tackle the spread of the virus made doing business difficult.

However, from the 3rd quarter onwards, as things began to open up slowly, demand for hydrophobic coatings also saw a gradual increase. 2021 is projected to be better with the market gaining its original traction by 2022.

Have a report related query? Speak to us directly

Competitive Landscape            

Fact.MR’s hydrophobic coatings industry research includes the profiles of key manufacturers such as BASF SE, 3M, PPG Industries, Abrisa Technologies, Advanced Industrial Coatings, NEI Corporation, Prelco, Nippon Paint, Aculon, and Drywired.

  • In 2017, NBD Nanotechnologies launched a new coating solution, InvisiPrint, which makes fingerprints invisible on metal and glass surfaces. The product will assist manufacturers in meeting consumer demand for a solution to lessen the look of fingerprints on electronic displays, car interiors, bathroom faucets, and kitchen appliances. InvisiPrint is a coating that is both, oleophilic and hydrophobic in nature.
  • In July 2018, GKN Aerospace established a new hydrophobic coating for cockpit glass at its transparencies center of excellence in Garden Grove, California. Rain shedding in-flight/ground activity is provided by a permanent surface treatment that greatly enhances resistance to surface abrasion.
  • In March 2018, NEI Corporation introduced the UV-Protect (UVP) technology to develop upgraded versions of its successful NANOMYTE® coating products, to deliver unique features in coatings with unrivalled endurance. Hydrophobicity, oleophobicity, self-healing, fog resistance, scratch resistance, anti-icing, self-cleaning, and anti-corrosion are all features of the NANOMYTE® line of surface treatments and protective coatings.

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Classification
  • Application
  • Region

Key Companies Profiled

  • BASF SE
  • Drywired
  • PPG Industries
  • The 3M Company
  • Nippon Paint
  • Neverwet
  • Lotus Leaf Coatings
  • Aculon
  • NEI Corporation
  • Cytonix
  • Surfactis Technologies
  • Nanogate
  • Advanced Nanotech Lab
  • Artekya
  • Hydrobead

Pricing

Available upon Request

Key Market Segments Covered in Hydrophobic Coatings Industry Analysis

  • Classification

    • Metal Hydrophobic Coatings
    • Glass Hydrophobic Coatings
    • Concrete Hydrophobic Coatings
    • Polymer Hydrophobic Coatings
  • Application

    • Automotive Hydrophobic Coatings
    • Aerospace Hydrophobic Coatings
    • Medical Hydrophobic Coatings
    • Building & Construction Hydrophobic Coatings
    • Marine Hydrophobic Coatings
    • Textiles Hydrophobic Coatings

Hydrophobic Coatings Market: Report Scope

A recent study by Fact.MR on the hydrophobic coatings market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market.

This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with offering hydrophobic coatings market!

The study also provides the dynamics responsible for influencing the future status of the hydrophobic coatings market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing hydrophobic coatings, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of hydrophobic coatings across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of hydrophobic coatings during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative hydrophobic coatings markets?
  • Which factors will impact the growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the hydrophobic coatings industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for hydrophobic coatings are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global hydrophobic coatings market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the hydrophobic coatings market during the forecast period.

Country-specific valuation on demand for hydrophobic coatings has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of hydrophobic coatings, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering hydrophobic coatings has been brought with the help of a detailed dashboard view.

Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player.

Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the hydrophobic coatings market.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the hydrophobic coatings market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases.

Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

The global hydrophobic coatings market is worth more than US$ 2 Bn at present, according to Fact.MR.

Sales of hydrophobic coatings are projected to rise at a CAGR of over 5% during 2021 – 2031.

Value sales of hydrophobic coatings increased at a CAGR of close to 5% during 2016 – 2020.

Besides being driven by increasing demand from end-use industries, mproved features of hydrophobic coatings is a key trend being observed in the landscape.

Over the forecast period, the automotive industry is likely to be a major driver for the demand for hydrophobic coatings.

Top 5 manufacturers of hydrophobic coatings account for around 80% share in the global market.

Top 5 countries driving demand for hydrophobic coatings are China, India, the U.S., Canada, and Mexico.

North America accounts for around 30% of global hydrophobic coating demand, and will continue to flourish over the years ahead.

The European market for hydrophobic coatings is projected to expand at a CAGR of more than 5% during 2021 – 2031.

China and India are key producers of hydrophobic coatings.

The market in South Korea and Japan is set to expand at around 5% CAGR each, with both countries together accounting for more than 30% share in the East Asia market.

Need an Exclusive Report for your Unique Requirement?

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.