Hydrophobic Coatings Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Hydrophobic coatings refer to a tendency to reject water or not mix with it. Coatings with a hydrophobic (EU) or superhydrophobic surface can provide a variety of benefits to the substrate and coating surface to which they are applied. Many consumer products use hydrophobic coatings to increase water repellant, water filtering, moisture detection, and corrosion protection.

Sizing and Forecast
The hydrophobic coatings market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.  The  growth in the historic period can be attributed to demand in automotive sector, industrial infrastructure protection, electronics and electronic components, marine and aerospace applications, medical device coating.

The hydrophobic coatings market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.  The growth in the forecast period can be attributed to increasing adoption in consumer goods, rise in demand for anti-corrosion solutions, focus on sustainable and eco-friendly coatings, expansion in wind energy sector, advanced electronic devices. Major trends in the forecast period include smart coating technologies, advancements in nanotechnology, self-cleaning surfaces, anti-icing and de-icing applications, innovation in biocompatible hydrophobic coatings.

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Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the hydrophobic coating market in 2023. 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

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Major Driver Impacting Market Growth
An increase in vehicle production is expected to propel the growth of the hydrophobic coating market going forward. A vehicle refers to an automobile with wheels and an engine that is used to transport people or products, typically on land. Hydrophobic coatings are applied to the glass, paint, and other exterior components of a vehicle to make them more resistant to water, it forms a hydrophobic shield, causing water droplets to bead up and roll off the surface of the automobile. Additionally, the rise in disposable income in developing countries has favored the demand for vehicles. For instance, in April 2022, according to the European Automobile Manufacturers' Association, a Belgium-based main lobbying and standards group of the automobile industry, in 2021, 79.1 million motor vehicles were produced worldwide, a 1.3% increase over 2020. In 2021, the United States produced 9.2 million automobiles, a 4.5% increase over 2020. Therefore, an increase in vehicle production is driving the growth of the hydrophobic coatings market going forward.

Key Industry Players
Major companies operating in the hydrophobic coatings market report are 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.

The hydrophobic coatings  market report table of contents includes:
1. Executive Summary

2. Hydrophobic Coatings Market Characteristics

3. Hydrophobic Coatings Market Trends And Strategies

4. Hydrophobic Coatings Market - Macro Economic Scenario

5. Global Hydrophobic Coatings Market Size and Growth

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31. Global Hydrophobic Coatings Market Competitive Benchmarking

32. Global Hydrophobic Coatings Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Hydrophobic Coatings Market

34. Hydrophobic Coatings Market Future Outlook and Potential Analysis

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