|Status : Upcoming||Report Code : VRCH2014||Industry : Chemicals & Materials||Available Format :|
Hydrophobic coatings are water-resistance coatings. These are used to provide durable protection from abrasion and liquids. These coating is applied to various substrates such as glass, metal, plastics, painted surfaces and others. Using this coating, water on the surface is repelled from the surface in the form of beads. The global hydrophobic market is growing at a good pace, owing to the increasing usage of these coatings in various industries that includes aerospace, automotive, marine, building and construction, and others. Along with that, the superior properties of the coating are also contributing to the hydrophobic coatings market growth such as self-cleaning, anti-microbial, anti-corrosion, and various others.
Insight by Substrate Type
On the basis of substrate type, the market is segmented into metals, glass, concrete, polymers, ceramics and others. Among all these, metals substrate category is anticipated to hold the largest share in the hydrophobic coatings market. These coatings are highly compatible with various metals including tin, aluminum, stainless steel, copper, gold, silver, nickel, and others. To prevent moisture, these coating is also used in aircraft engines and also prevents the buildup of ice on aircrafts.
Additionally, these are also used in the medical devices manufacturing. They help in keeping surgical tools cleaner for longer periods and reduce the risk of infections and contamination in patients, resulting in the growth of hydrophobic coatings market.
Insight by End-Use
Based on end-use industry, the hydrophobic coatings market is categorized into automotive, aerospace, building and construction, marine, textiles, electronics, medical, and others. Of all these, the building and construction end-use category is anticipated to register the highest growth in terms of CAGR in the overall market during the forecast period. This can be attributed to the various advantages it offers to the buildings and structures. Some of the advantages are waterproofing, dirt resistance, UV protection, and others.
These coatings can be applied on roof tiles, walls, building facades, and others of the buildings. In order to reduce the maintenance cost of the buildings and extend the life of concrete structure, the builders are using these coatings.
The major factors driving the hydrophobic coatings market growth are the increasing adoption of these coatings in various applications and superior properties of these coatings. The adoption of these coatings is increasing in the various applications including medical, aerospace, automotive, chemical processing, which is driving its market growth. This is attributed to its excellent properties such as chemical and corrosion resistance, nonstick, heat resistance, pliability, and others. The most typical application of these coatings includes filtration parts, food processing parts, condensers, medical devices, and others.
The major challenge which is likely to hinder the hydrophobic coatings market growth is the stringent regulatory policies related to these coatings. In order to maintain the sustainable environment, the regulatory authorities have laid down various regulations related to the use of these coatings. For instance, the International Maritime Organizations has many policies and regulations regarding keeping water safe from dangerous additives. While, to stay in the competition, various manufacturers are developing innovative products, however time consuming regulatory approvals and mandates could be a restraint in the hydrophobic coatings market growth.
The hydrophobic coatings market is quite stagnated due to the presence of big players in the market such as BASF SE, PPG Industries, 3M Company, and others. Hence, the presence of such players has made it very difficult for other players to enter the market or survive in the market.
Asia-Pacific is expected to register the highest growth in the hydrophobic coatings market in the coming years. The region is anticipated to hold the largest share in the overall market. Owing to the increasing hydrophobic coatings demand from end use industries in order to meet the increasing demand of growing population in the region. The increasing investment in various industries due to the rapid industrialization is also expected to fuel the market growth during the forecast period.
Key players in the hydrophobic coatings industry are investing significantly for the development of more environment friendly products, aiming to strengthen their position in the market. BASF SE, Drywired, PPG Industries, The 3M Company, NEI Corporation, Nippon Paint, Aculon, Cytonix, and Surfactis Technologies are some of the key players offering hydrophobic coatings in the market.