Superhydrophobic Coatings Market: Overview and Dynamics
The superhydrophobic coating is a thin surface layer that repels water. These coatings are made from materials such as Carbon Nanotubes, Silica Nanoparticles, Graphene, Manganese oxide polystyrene, Precipitated calcium carbonate, Fluorinated silanes others which are superhydrophobic in nature. Superhydrophobic materials are composite in structure, one component provides roughness and others provide low surface energy. The superhydrophobic material market is expected to grow at an exponential rate due to the increased demand from the technology and construction industries.
Superhydrophobic material has a wide variety of application in almost all industries which are set to provide extra dollar opportunity to the superhydrophobic coatings manufacturers. Moreover, the key characteristics responsible for demand growth in this market are Anti-Microbial, non-fogging, self-cleaning properties of these superhydrophobic materials. Furthermore, instances of their utilization are extensively observed in the domain of electronics and telecommunications owing to its heat resistant and feasible coating application on the object.
In addition to the formerly mentioned properties, they can secure the sensitive electronic components prone to moisture. There are two types of superhydrophobic coatings such as Durable water repellent and other is Rain repellent. The durable water repellent is used for fabrics in order to protect them from water. In the other hand rain repellent is made for car windshield for deterring rain water during rain in order to develop driving discernibility.
In industry, superhydrophobic coatings are used in extreme dry exterior applications. The coating can be scattered on substances to make them water-resistant. The sprig is anti-corrosive and anti-icing. This sprig has vacuuming capabilities and it can be used to protect tracks and lattices. Superhydrophobic coatings have significant applications in waterborne transport. The superhydrophobic coatings have latent uses in-vehicle windshields to avoid rain dewdrops from clingy to the crystal.
Owing to the exciting repellence and in some cases infective resistance of hydrophobic coatings, there is much eagerness for their extensive potential uses with medical equipment, operating tools, textiles, and all kinds of exteriors and substrates. Though, the present state of the skill for this technology is mired in positions of the weak permanency of the coating creation it inappropriate for most applications.
One of the superhydrophobic coatings applications being self-cleaning to enhance product penetration across the bundle of industries ranging from consumer goods to industrial goods. Its technical viability is set to enhance the demand from health care, construction, automobile, information and communication technology, optical industry and industries. All in all extensive potential of the superhydrophobic coatings is set to provide a long-run growth to the market.
Superhydrophobic Coatings Market: COVID-19 Impact Insights
In Q2 and Q3 of FY2020, countries have been forced to take steps to impose heavy lockdowns which have contracted the demand and supply of inessential goods and thus pushing the global economy into a deep turmoil. COVID-19 pandemic has presented massive disruptions in the demand-supply equilibrium across multiple industries, leading towards economic losses at a global level. The plant shut downs in Europe, Asia and North America in the second quarter of 2020 has reduced the production scale of Superhydrophobic Coatings market.
Supply chain disruption, decreased demand, risk of workforce getting infected and travel restriction resulted in the steep fall in production. The demand-supply equilibrium of Superhydrophobic Coatings market goes down. This in result has disrupted almost every market especially superhydrophobic coatings market. The contraction in demand has forced to the manufacturer to switch the price by 2% over the Q2 and price decline of 1%.
COVID-19 has caused economic hardship for consumers, businesses and governments across the world. Because of COVID-19, the growth rate of superhydrophobic coatings market is affected. Labor-intensive industries are still at risk as they won’t be able to meet their demand due to risk of workforce getting infected. Furthermore, continuously progressing workplace safety processes would help the superhydrophobic coatings market recover strongly by the first trimester of 2021.
Segmentation Analysis of Superhydrophobic Coatings Market
The global Superhydrophobic Coatings Market is bifurcated into four major segments: product type, material type, end use, and region.
On the basis of product type, Superhydrophobic Coatings Market has been segmented as follows:
- Durable water Repellent
On the basis of material type, Superhydrophobic Coatings Market has been segmented as follows:
- Carbon Nanotubes
- Silica Nanoparticles
- Manganese oxide polystyrene
- Precipitated calcium carbonate
- Fluorinated silanes
On the basis of end use, Superhydrophobic Coatings Market has been segmented as follows:
- Electrical & Electronics
- Transportation & Allied Logistics
- Textiles & Leather
On the basis of geographic regions, Superhydrophobic Coatings Market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Superhydrophobic Coatings Market: Regional Outlook
Based on the regional split, the report “Superhydrophobic Coatings Market” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. North America is the dominant player in global superhydrophobic coatings market followed by Asia-Pacific. North America cooperatively account maximum shares in the superhydrophobic coatings market. Manufacturers are experiencing huge demand from the North-American market due to the exponential growth of information and communication technology sector growth.
In North America, U.S and Canada are holding a key position in the superhydrophobic coatings market with the highest single-digit CAGR growth. On the other side of the globe, Asia Pacific market is the second dominant player in the superhydrophobic coatings market. Asia-Pacific is awaited to observer the highest growth with a CAGR of over 10.1% over the forecast period, Asia-Pacific looking a brighter picture as China and Hong Kong are the leading producers of electronic equipment in the world. In the future, these superhydrophobic market in this region would experience a high rate of growth.
Asia-Pacific followed by Europe in the superhydrophobic coatings market. Europe is the third major market of superhydrophobic coatings. European superhydrophobic coating material manufacturing company’s revenue is increasing from the past three years. European companies are strongly competing with Asian companies. Latin America present enormous opportunities for superhydrophobic coatings market participants, because there are a lot of construction activities are progressing. Middle East & Africa account minimal shares under the superhydrophobic coatings market.
Some local superhydrophobic coatings manufacturer and supplier companies in the Middle East & Africa are growing gradually. The Middle East & Africa is expected to observer the growth with a CAGR of 5.7% over the forecast period. Therefore, an expected rise in demand for superhydrophobic coatings is set to be high over the long-run forecast period.
Superhydrophobic Coatings Market: Key Players
The superhydrophobic market is fragmented and highly competitive as there exist small players in this market. Price of these superhydrophobic materials is high due to the need for sophisticated machinery in the manufacturing process. The presence of big players in the superhydrophobic market can be found in the North-American and the Asia Pacific region.
Sherwin-Williams Company, P2i Limited, TT Advanced Technology Corporation, surfactis technologies, UltraTech International, Lotus Leaf Coatings. Inc, Dry Wired, NEI Corporation, Akzo Nobel Coatings NV, PPG Industries Inc are amongst the prominent players in the superhydrophobic market. Companies operating in this market are spending huge chunks of money into Research and development to stay competitive and companies are experiencing price pressures as the market is fragmented.
The research report presents a comprehensive assessment of the Superhydrophobic Coatings Market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Superhydrophobic Coatings Market report provides analysis and information, according to market segments such as geographies, product type, material type and end-use.
Superhydrophobic Coatings Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Superhydrophobic Coatings Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Superhydrophobic Coatings Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Superhydrophobic Coatings Market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Superhydrophobic Coatings Market report also maps the qualitative impact of various market factors on market segments and geographies.
The Superhydrophobic Coatings Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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