Global automotive sales (Units),
2011 - 2015
|
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.
Full
Research Report On Hydrophobic Coatings Market Analysis:
http://www.grandviewresearch.com/industry-analysis/hydrophobic-coating-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.
View 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
Access Full 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, 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: https://www.grandviewresearch.com/