San Francisco, 22 March,
Hydrophobic Coating Market Size & Forecast By Property (Anti-Microbial,
Anti-Icing/Wetting, Anti-Fouling, Anti-Corrosion, Self-Cleaning), By
Application (Aerospace, Automotive, Construction, Medical, Optical), By Region
And Trend Analysis From 2018 To 2025.
The hydrophobic coatings market is projected to reach USD
2.33 billion by 2025, according to a new report by Grand View Research, Inc.
The demand for hydrophobic coatings is expected to grow on account of the
increasing utilization in various application industries including automotive
and construction. The growing emphasis on infrastructure development coupled
rising standard of living in developing economies is expected to have a
positive impact on the automotive and construction industry growth. As a
result, the demand for the compounds is expected to witness significant growth
over the next nine years.
The increasing investment in
research & development by key players in the market to enhance the product
characteristics is expected to be a key strategy in increasing their market
share. However, high cost of the technology attributed to the product is
expected to restrain growth over the forecast period.
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Report On Hydrophobic Coating Market Analysis:
Further key findings from the report suggest:
·
Anti-corrosion hydrophobic
coatings accounted for over 24% of the revenue share in 2015. The increasing
utilization in automotive, construction, medical and aerospace industry is
expected to drive the market over the forecast period. Growing use of the product
in automotive industry in coating the exterior metal and the glass components
is expected to have a positive impact on growth.
·
Antifouling coatings demand in
the market was valued at USD 146 million in 2015. These coatings are expected
to gain share on account of the extensive utilization in the marine industry.
These compounds are used on the exterior hull of the ship to reduce the impact
of aquatic vegetation which affects the longevity of the ship.
·
Hydrophobic coatings are
replacing hydrophilic compounds in automotive industry. Rising penetration of
the product in the industry on account of superior properties is likely to
drive demand over the forecast period. Furthermore, growing automotive industry
in developing economies is expected to aid the hydrophobic market growth
particularly in Asia Pacific and Middle East & Africa.
·
Hydrophobic coatings demand in
Asia Pacific is expected to grow at a CAGR of over 7% from 2016 to 2024.
Growing application industries in the region is expected to drive demand over
the forecast period. High production volume in China and India is expected to
be the vital aspect for the growth in the two countries.
·
Key players include BASF SE,
Aculon Inc., 3M, AkzoNobel N.V., and Accucoat Inc. BASF SE has recently started
manufacturing hydrophobic coatings for construction industry under the brand
name MasterProtect. Leading manufacturers are involved in collaboration in
order to increase their industry presence.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the
hydrophobic coatings market on the basis of property, application and region:
Hydrophobic Coatings Market
Property Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
·
Anti-microbial
·
Anti-icing/wetting
·
Anti-fouling
·
Anti-corrosion
·
Self-cleaning
·
Others
Hydrophobic Coatings Market
Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
·
Aerospace
·
Automotive
·
Construction
·
Medical
·
Optical
·
Others
Hydrophobic Coatings Market
Regional Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-hydrophobic-coating-market
https://www.grandviewresearch.com/press-release/global-hydrophobic-coating-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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