Global Hydrophobic Coatings Market was valued at $1,628 million in the year 2015, and is expected to reach $2,471 million by 2022, supported by a CAGR of 6.2% during the forecast period 2016 to 2022.
Hydrophobic coatings can be easily applied on glass, metal, plastic, wood, mineral undercoats, concrete, and textiles. They are dirt repellant and provide resistance to abrasion, scratch, and corrosion. Therefore, they can be used on all kinds of surfaces and intricate geometries.
Primary Interview Responses Split
In hydrophobic coatings, surface contact angle is the major factor that determines the hydrophobicity of any surface. Surface contact angles greater than 90 degrees can be achieved by varying the chemical composition of the material or by using various hydrophobic agents on smooth surfaces. The ability hydrophobic coatings to provide lotus effect and other remarkable properties drive the market growth. Increasing adoption of hydrophobic coatings in several application segments such as building & construction and automotive verticals drives the global hydrophobic coatings market.
The report exclusively focuses on current market trends and future growth opportunities in the hydrophobic coatings market. The report focuses on various materials, and fabrication methods used for hydrophobic coatings. The report focuses on various applications of hydrophobic coatings, which include building & construction, automotive, aerospace, marine, and others. Moreover, the report analyzes the current market trends of hydrophobic coatings across different geographies and suggests the future growth opportunities by analyzing government regulations and policies, thereby increasing consumer acceptance of hydrophobic coatings.
Hydrophobic Coatings Market Segmentation
Top Winning Strategy
The key players in the global hydrophobic coatings market have adopted different key strategies, such as product launch, expansion, and acquisition to sustain the stiff competition in the global market. The market players profiled in this report are hydrophobic coatings manufacturers who serve their products globally to several end-user industries. The data pertaining to market players and their strategic moves have been obtained through annual reports and press releases of respective companies, blogs, website, and primary data from experts in this industry.
HYDROPHOBIC COATINGS MARKET: TOP WINNING STRATEGIES, 2011‐2016 (%)
The above pie chart represents the percentage split of the strategies adopted by the leading companies operating in the global market. Product launch is the leading strategy adopted by key players in the market, followed by expansion and acquisition. Product launch accounts for about 80% share of the total number of strategies adopted by market players during 2011‐2016. P2i has adopted product launch as its key business strategy. For example, in April 2016, Huawei launched P9 smartphone coated with P2i liquid repellant nano-based technology.
Patents are valuable assets for companies, and are executed to protect the newly launched technologies and products. About 562 patents related to hydrophobic coatings were registered during 2010‐2016. The highest number of patents registered was 132 in 2015, followed by 105 patents in 2014. The frequency of patents registration accelerated rapidly by more than 95% after 2013 due to increase in R&D activities by companies to introduce new variants of hydrophobic coating products in the market. Large number of patents have been registered related to hydrophobic coatings for fabrics, automobiles, and screens of electronic products, especially mobile and tablets. Increased demand for hydrophobic coatings from different end users has resulted in the growth of the hydrophobic coatings market across the global.
Patent Analysis by company (2010‐2016)
The highest number of patents related to hydrophobic coatings were registered by Baker Hughes Incorporated, Procter & Gamble Co., and Mayr-Melnhof Karton AG, with 11% share each. The patents registered by Baker Hughes Incorporated majorly focused on hydrophobic and oleophobic coatings especially amorphous diamond such as carbon materials doped with silicon, oxygen, or fluorine. Shenzhen University and Zhenjiang University registered 9% share of the total number of patents registered across the globe.
More than 400 patents related to hydrophobic coatings were registered by the other companies during 2010‐2016. Companies such as Ross Technology, Uniliver N.V., and United Technologies Corporation registered seven patents each related to the formulation of elastomeric coatings with hydrophobic and oleophobic surfaces.
Hydrophobic coatings, also known as water repellant coatings, are thin layer of waterproof materials on the substance. On the basis of type of material, the global hydrophobic coatings market is segmented into polysiloxanes, fluroalkylsilanes, fluoropolymers, and others. Silicone resin used in coating imparts several benefits such as enhances the durability of paint and offers weather resistance in paints for exterior surfaces. Silicone also provides water repellence to masonry surfaces, which includes stone and brick. Silicone resins have greater resistance to high temperatures than organic resins and are used in applications, such as ovens, chimneys, car exhausts, and barbecues. Growth in production facilities, strong industrial base for construction, consumer goods, and automotive sectors, are the factors that contribute to the growth of the silicone coatings market in this region. Siloxane resin are used as a cross linker for coating formulations to improve flexibility, heat resistance, acid resistance, and wet adhesion of the coatings.
Fluoropolymer coatings are used in wide range of applications, such as aerospace, automotive, medical/pharmaceutical, oil & gas, cookware, and heavy equipment. Perfluoropolymers, a class of fluoropolymers made up of carbon and fluorine bonds, offer several distinct advantages, such as chemical and weather resistance, oil and water resistance, low friction, and minimal surface adhesion. The demand for hydrophobic coatings is increasing because of its remarkable properties such as contamination prevention, self-cleaning, antifouling surface designs, anti-icing coatings, corrosion resistance of metals. Hydrophobic coatings can be employed by reducing the surface energy and enhancing surface roughness, which subsequently amplify the hydrophobicity of the surface.
The economic growth of Africa continues to rise due to increase in the demand for automobile. South Africa is the 20th largest car manufacturing country in the global. Hydrophobic coatings are increasingly adopted in the automotive application segment as it gives aesthetic appeal to the vehicles and also protects it against aggressive environmental agents. The growing automotive market in this region is driving the market for hydrophobic coatings in automotive applications.
In August 2016, Brazil offered various investment opportunities to Qatar for development in various key sectors such as automotive, real estate, and agribusiness to enhance the business growth potential. Such developments have led to an increased requirement of hydrophobic coatings in this region. Technological developments in this region are also driving the market of hydrophobic coatings. For example, a large number of travel umbrella having hydrophobic property have been developed in this region such as EEZ-Y travel umbrella. In July 2016, Pamplona a Spanish city started applying urine repellent paint to key problem areas. This repellent paint is hydrophobic in nature which will not absorb urine from the surface of coated walls.
BRAZIL HYDROPHOBIC COATINGS MARKET SIZE, 2014‐2022 ($MILLION)
Key players profiled in the report include BASF SE, 3M, Abrisa Technologies, Aculon, NEI Corporation, P2I, DuPont, DryWired, Accucoat Inc., Oerlikon Metco Inc., and Nanex Company. Other players in this market are DryWired, Ross Technology, Uniliver N.V., and United Technologies Corporation.
HYDROPHOBIC COATINGS MARKET KEY BENEFITS
- This report provides an extensive analysis of the current trends, future estimations, and dynamics from 2014 to 2022 of the global hydrophobic coatings market, which assists to identify the prevailing opportunities.
- Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
- Exhaustive analysis predicts the applications that are currently used along with the variants that would gain prominence in the future.
- Competitive intelligence of leading manufacturers and distributors highlights the competitive scenario across the geographies.
- An in-depth analysis of current research and developments within the market is provided with key dynamic factors that interpret the market behavior.
- Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key market players are profiled and their strategies are analyzed thoroughly, which portrays the competitive outlook.
HYDROPHOBIC COATINGS MARKET KEY SEGMENTS
Global Hydrophobic Coatings Market is segmented as:
- Fluoro Alkylsilanes,
- Building and Construction
By Fabrication Method
- Chemical Vapor Deposition (CVD)
- Phase Separation
- Sol Gel Process
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of LAMEA
- BASF SE
- Abrisa Technologies
- NEI Corporation
- Accucoat Inc.
- Oerlikon Metco Inc.
- Nanex Company
OTHER KEY PLAYERS IN THE MARKET VALUE CHAIN INCLUDE
- Ross Technology
- Uniliver N.V.
- United Technologies Corporation.