The Report 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.
Access Research Report of Hydrophobic
Coatings Market @ http://www.grandviewresearch.com/industry-analysis/hydrophobic-coating-market
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.
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
