Hydrophobic Coatings Market Statistics – 2030
The global hydrophobic coatings market was valued at $2.0 billion in 2020, and is projected to reach $3.0 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030.
Hydrophobic coatings market size was over $ 2.03 billion in 2021; owing to its ease of application on textiles, wood, glass, metal, plastic, concrete, and mineral undercoats. The increased preferences for waterproof coatings in automobile along with technological novelties for implementing nano-particles in hydrophobic coatings due to their improved performance and high surface area are some of the factors that drive the growth of the market.
Polysiloxanes hydrophobic coatings products are industrial maintenance and protective coatings that have application characterized by chemicals, abrasion, high temperature, and extreme UV. Its admirable aesthetic weathering characteristics in terms of gloss retention along with chalk resistance properties is anticipated to fuel hydrophobic coatings market value. These products can be applied to plastic, paint, metal, and powder coat forming a permanent protective barrier in a vehicle. These coatings react with substrate surfaces to form an abrasion resistant covering with very high bonding properties along with generating coatings with high flexibility and durability.
Rapid growth in construction activities in Asia and Africa, which is likely to drive construction and building sector may provide growth opportunity for the market. The product provides a striking texture, which resists dirt pick-up and only requires rainwater to remove dirt that accumulates, thereby helping reduce external maintenance costs.
In addition, the presence of problems related to corrosion and early losses due to corrosion faced by various industries have led to increase in demand for high quality anti-corrosion property product. Anti-corrosion type hydrophobic coatings can be used in pipelines, automobiles, naval vessels, and aircraft to solve metal corrosion problem, which affects these industrial systems operationally and economically.
The global hydrophobic coatings market is growing at a remarkable rate due to factors such as growth in demand from large customer base in the developing countries and increase in the demand for various automotive related products across the globe. The surge in the investment of the emerging economic countries to develop the transportation and other infrastructure has increased the demand for hydrophobic coatings market. However, theunawareness among the people regarding the correct application of coatings on a specific substrate is expected to hinder the growth of the hydrophobic coatings market. Likewise, the development of the medical and healthcare industry may present lucrative opportunities for market participants in the near future.
The hydrophobic coatings market is segmented into material, fabrication method, type, application, and region. Depending on material, the global hydrophobic coatings market is categorized into polysiloxanes, fluoroalkylsilanes, fluoropolymers, and others. In terms of value, the polysiloxanes segment accounted for the largest share in 2020. By fabrication method, the market is bifurcated as chemical vapor deposition, phase separation, sol gel process, electro spinning, and etching. In terms of value, chemical vapor deposition segment accounted for the largest share in 2020. By type, the market is fragmented into anti-corrosion, anti-microbial, anti-icing, self-cleaning, anti-fouling, and others. In terms of value, anti-corrosion segment accounted for the largest share in 2020. By application, the market is segmented into building & construction, electronics, automotive, textiles, consumer goods, medical & healthcare, and others. In terms of value, medical & healthcare segment accounted for the largest share in 2020.
Region wise, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest share of the market in 2020. The major companies profiled in this report include 3M, E. I. du Pont de Nemours and Company, Aculon Inc., BASF SE, P2i, ABRISA TECHNOLOGIES, NEI Corporation, DRYWIRED, ACCUCOAT INC., OerlikonMetco (US) Inc, and NANEX COMPANY.
In addition to the abovementioned companies, there are Ross Technology, Uniliver N.V., PPG industries and United Technologies Corporationthat are competing for the share of the market through product launch, joint venture, partnership, and expansion of the production capabilities to meet the future demand for hydrophobic coatings during the forecast period.
Asia-Pacific holds a dominant position in 2020
Hydrophobic Coatings Market, By Region
Asia-Pacific occupies the largest part of the hydrophobic coatings market and consists of countries such as China, India, Japan, South Korea, Australia, and rest of Asia-Pacific. China is leading the growth of the Asia-Pacific market due to easy production of the polysiloxanes products with high quality raw material. Asia-Pacific dominates the hydrophobic coatings market due to increased adoption of coatings in various emerging countries in this region and the presence of huge population to drive the demand for various products where hydrophobic coatings are applied. Rapid rise in disposable income has expanded demand for commercial and passenger vehicles leading to growing prospect for these coatings. Introduction of new government initiatives and FDI has led to upsurge in automotive and OEM production due to mounting investments from international companies and firms. The presence of developing countries in this region and their investment in the pharmaceutical and medical infrastructure is expected to provide opportunities for the development of the market during the forecast period.
Polysiloxanes segment is projected to create abundant $ opportunity till 2030
Hydrophobic Coatings Market, By Material
The polysiloxanes segment dominates the global hydrophobic coatings market.It is anticipated to surpass USD 1,312.73 million in forecast period. These products are industrial maintenance and protective coatings that have application characterized by chemicals, abrasion, high temperature and extreme UV. Its admirable aesthetic weathering characteristics in terms of gloss retention along with chalk resistance properties is anticipated to fuel hydrophobic coatings market value.
By End Use
Semiconductor industry segment is projected to create abundant $ opportunity till 2030
Hydrophobic Coatings Market, By Fabrication Method
The chemical vapor deposition segment dominates the global hydrophobic coatings market. It is a widely used material processing technology in which thin films are formed on a heated substrate via a chemical reaction of gas phase precursor. The advantages of this method is that it uses source materials that flow into the process chamber from external reservoirs that can be refilled without contamination of the growth environment; it does not require very high vacuum levels. In addition, it can generally process substrate in larger batches than evaporation. The presence of these above mentioned advantages have created a positive impact over the development of the chemical vapor deposition fabrication method in the hydrophobic coatings market.
Anti-Corrosion segment is projected to create abundant $ opportunity till 2030
Hydrophobic Coatings Market, By Type
The anti-corrosion segment dominates the global hydrophobic coatings market. The increased use of hydrophobic coatings in guide wires & catheters in the medical industry, anti-corrosive coatings in maritime industry, and protective coatings in the aerospace industry have driven the hydrophobic coatings market in the recent years. Growth in adoption of hydrophobic coating across various industrial domains, increased utilization of hydrophobic coatings in catheters & guidewires, and surge in demand for anti-corrosive coating in the marine structures are the several factors which help to boost the demand of the hydrophobic coatings market.
Medical And Healthcare segment is projected to create abundant $ opportunity till 2030
Hydrophobic Coatings Market, By Application
The medical & healthcare segment dominates the global hydrophobic coatings market. It dominated over 20.7% of the overall market in 2020. The recent outbreak of pandemic across the globe has created demand for various medical and healthcare related products. The increase in the demand for medical & healthcare products has augmented the demand for hydrophobic coatings market. Hydrophobic coatings are nonchromogenic, biocompatible, abrasion resistant, and lubricious. These products are used in medical instruments, surgical tools, and devices to keep them clean for longer period as these tools become contaminated with tissue debris or fluids thus, driving product demand. Factors including wear resistance and appearance are likely to drive hydrophobic coatings market.
COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected the development of infrastructure, pharmaceutical, construction, automotive, marine related industries. The spread of COVID-19 increased the demand for hydrophobic coatings from the pharmaceutical & medical devices sector and hospitals. Multinational companies had to face lockdown restrictions in different countries and this hindered manufacturing operations during the pandemic. Procurement of raw materials was challenging owing to the disruption in logistics. The COVID-19 spread in China and around the world had impacted the healthcare system and health expenditure. This has positively impacted the demand for medical and healthcare devices, which has boosted the demand for hydrophobic coatings market.
Key Benefits For Stakeholders
- This report provides a detailed quantitative analysis of the current hydrophobic coatings market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
- An in-depth analysis of hydrophobic coatings market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
- Region-wise and country-wise market conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global Hydrophobic coatings market.
Hydrophobic Coatings Market Report Highlights
By Fabrication Method
Other key players in the market value chain include
DryWired, Ross Technology, Uniliver N.V., United Technologies Corporation
According to the insights of CXOs of leading companies in the global hydrophobic coatings market, increased urbanization & industrialization, rise in construction industry, and surge in need for best medical & healthcare facilities are some of the key factors that fuel the market growth. The use of hydrophobic coatings has witnessed quite a significant growth as it offers protection against corrosion and can act as a self-cleaning agent.
The upsurge in adoption of hydrophobic coatings in several application segments such as building & construction and automotive vertical drives the global hydrophobic coatings market.
Asia-Pacific is the leading regional market for hydrophobic coatings market due to major infrastructure investments in China and India. Majority of the demand for hydrophobic coatings in Asia-Pacific is anticipated to driven by a demand for low- to mid-rise public housing projects in construction sector.