Hydrophobic Coatings Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The Hydrophobic Coatings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Hydrophobic Coatings Global Market Report 2024, The hydrophobic coatings market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to demand in automotive sector, industrial infrastructure protection, electronics and electronic components, marine and aerospace applications, medical device coating.

The hydrophobic coatings market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing adoption in consumer goods, rise in demand for anti-corrosion solutions, focus on sustainable and eco-friendly coatings, expansion in wind energy sector, advanced electronic devices. Major trends in the forecast period include smart coating technologies, advancements in nanotechnology, self-cleaning surfaces, anti-icing and de-icing applications, innovation in biocompatible hydrophobic coatings.

An increase in vehicle production is expected to propel the growth of the hydrophobic coating market going forward. A vehicle refers to an automobile with wheels and an engine that is used to transport people or products, typically on land. Hydrophobic coatings are applied to the glass, paint, and other exterior components of a vehicle to make them more resistant to water, it forms a hydrophobic shield, causing water droplets to bead up and roll off the surface of the automobile. Additionally, the rise in disposable income in developing countries has favored the demand for vehicles. For instance, in April 2022, according to the European Automobile Manufacturers’ Association, a Belgium-based main lobbying and standards group of the automobile industry, in 2021, 79.1 million motor vehicles were produced worldwide, a 1.3% increase over 2020. In 2021, the United States produced 9.2 million automobiles, a 4.5% increase over 2020. Therefore, an increase in vehicle production is driving the growth of the hydrophobic coatings market going forward.

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The hydrophobic coatings market covered in this report is segmented –

1) By Product: Polysiloxanes, Fluoro-Aklylsilanes, Fluoropolymers, Titanium Dioxide, Other Products

2) By Function: Anti-Microbial, Anti-Icing, Antifouling, Anti-Corrosion, Self Cleaning

3) By Fabrication Method: Chemical Vapor Deposition, Phase Separation, Sol-Gel Process, Electro Spinning And Etching

4) By Application Method: Dip-Coating, Brushing, Roll Coating, Spraying, Other Application

5) By End-User: Automotive, Electronics, Building And Construction, Marine, Textiles, Healthcare, Aerospace, Oil And Gas, Food And Beverages, Other End-Users

Product innovation is the key trend gaining popularity in the hydrophobic coatings market. Major players in the hydrophobic coatings market are focusing on producing innovative products to strengthen their market position. For instance, in June 2021, Coat X, a Switzerland-based technology company launched new super-hydrophobic nanocoating. This nanocoating can be applied to a variety of substrates such as glass, polymers, fabrics, and PCBs, and it is designed to repel liquids and prevent them from adhering for long periods of time. This shows theCOAT-X’s efforts to improve existing masks or manufacture more environmentally friendly PPE in response to the COVID-19 pandemic.

The hydrophobic coatings market report table of contents includes: