What Has Driven the Growth of the Hydrophobic Coatings Market in Recent Years?
The hydrophobic coatings market has seen considerable growth due to a variety of factors.
•In recent times, the market size of hydrophobic coatings has been expanding notably. The market is anticipated to escalate from a value of $1.98 billion in 2024 to a figure of $2.12 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.3%.
This upward trend during the historic period is majorly due to the increased demand from various sectors, including automotive, industrial infrastructure protection, electronics and electronic parts, marine and aerospace applications, and medical device coating.
What is the Market Size Forecast for the Hydrophobic Coatings Market?
The hydrophobic coatings market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the hydrophobic coatings market is expected to experience robust growth, escalating to $3 billion by 2029 with a compound annual growth rate of 9.0%.
This projected surge during the forecasted period can be linked to factors such as rising use in consumer goods, an increase in need for anti-corrosion solutions, emphasis on sustainable and environmentally-friendly coatings, expansion within the wind energy sector, and development of high-end electronic devices. Some notable trends for the period include progress in smart coating technologies, development in nanotechnology, self-cleaning surfaces, anti-icing and de-icing applications, and the introduction of new biocompatible hydrophobic coatings.
Which Factors Are Boosting Growth In The Hydrophobic Coatings Market?
The upsurge in the production of automobiles is likely to fuel the expansion of the hydrophobic coating market. The term "vehicle" denotes a motorized device on wheels, typically used for terrestrial transportation of individuals or goods. Hydrophobic layers are applied on the glass, paint, and other external parts of the vehicle, rendering them more water resistant by creating a hydrophobic barrier, leading the water droplets to clump and glide off the vehicle's surface. Moreover, the surge in disposable income in emerging economies has spurred the demand for vehicles. For example, statistics from the European Automobile Manufacturers Association, a Belgium-based entity, from February 2023, indicate that approximately 85.4 million motor vehicles were manufactured globally in 2022, a 5.7% rise from 2021. Consequently, this growth in vehicle fabrication propels the progressing expansion of the hydrophobic coating market.
What Key Areas Define The Segmentation Of The Global Hydrophobic Coatings Market?
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
Subsegments:
1) By Polysiloxanes: Silicone-Based Coatings, Alkyl-Modified Polysiloxanes
2) By Fluoro-Alkylsilanes: Long-Chain Fluoro-Alkylsilanes, Short-Chain Fluoro-Alkylsilanes
3) By Fluoropolymers: PTFE (Polytetrafluoroethylene), PVDF (Polyvinylidene fluoride)
4) By Titanium Dioxide: Hydrophobic Titanium Dioxide Coatings, Surface-Modified Titanium Dioxide
5) By Other Products: Nano-Coatings, Polyurethanes, Epoxy-Based Coatings
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How Are Emerging Trends Reshaping The Dynamics Of The Hydrophobic Coatings Market?
Leading corporations within the hydrophobic coatings market are increasingly engaging in strategic collaborations to boost product advancement, broaden market visibility, and utilize complementary technologies for competitive edge. Strategic collaborations entail a process where companies draw on one another's capabilities and assets for mutual advantage and success. As an illustration, in March 2024, COTEC GmbH, a high-quality provider of materials for hydrophobic, oleophobic, and anti-reflective (AR) coatings based in Germany, established a partnership with CADIS Engineering, a German industrial inkjet systems manufacturer. This alliance led to the launch of a digital printer by Bharat Forge Limited, specifically configured for hydrophobic coatings on automobile displays. The state-of-the-art technology marries COTEC's ultra-hydrophobic coatings, reputed for their water-resistant and easy-to-clean features, to the digital printing prowess of CADIS. This printer enhances production efficiency, enabling rapid, precise coating under regular pressure, substantially reducing energy usage and waste.
Who Are the Key Players in the Hydrophobic Coatings Market?
Major companies operating in the hydrophobic coatings market include:
• BASF SE
• DryWired
• PPG Industries Inc.
• 3M Company
• NEI Corporation
• Nippon Paint Holdings Co. Ltd.
• NeverWet LLC
• Aculon Inc.
• Cytonix Corporation
• Lotus Leaf Coatings Inc.
• Advanced NanoTech Lab
• Kansai Paint Ltd.
• Endura Manufacturing Company Ltd.
• Nanokote PTY Ltd.
• Precision Coating Company Inc.
• The Sherwin Williams Company
• Masters Building Solutions
• NTT Advanced Technology Corporation
• COTECH GmBH
• Akzo Nobel N.V.
• Surfactis Technologies
• Nanogate
• MesoCoat Inc.
• AccuCoat Inc.
• Rust-Oleum
• UltraTech International Inc.
• P2i Ltd.
• Neiker-Tecnalia
• Sto SEA Pte. Ltd.
• Allegiance NanoSolutions
• Artekya Technology Ltd.
What Is The Most Dominant Region In The Hydrophobic Coatings Market?
Asia-Pacific was the largest region in the hydrophobic coating market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global hydrophobic coating market during the forecast period. The regions covered in the hydrophobic coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
