Hydrophobic Coatings Market is expected to reach USD 2.33 billion by 2025. Hydrophobic Coating is termed as a coating that lessens surface free energies and wettability as contact angles are high with dissimilar liquids like non-polar liquids and polar liquids. When water is put onto a surface with a hydrophobic coating, it will form a droplet with any large contact angle.
Plasma
is exclusively used to render hydrophobic coatings on several surfaces like
ceramics, technical materials, glass, and metals. The repelling of water makes
difficult for surfaces to harbor bacteria and therefore is exclusively used
with regards to surgical and medical tools. The Hydrophobic Coating Market is
estimated to grow at a significant CAGR over the forecast period as the scope
and its applications are rising enormously across the globe.
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Increasing
demand from end users like medical, automotive, aerospace, construction &
building, electronics, and marine and rising use of advanced technology are
documented as the major driving factors to Hydrophobic Coatings Market.
However, growing alternatives to Hydrophobic Coating and strict environmental
policy are the factors that may restrain overall market in the years to come.
Hydrophobic Coating Market is segmented based on substrate type, end user, and
region.
Ceramics,
metals, polymers, glass, concrete, and the other substrate types could be
explored in Hydrophobic Coating in the forecast period. The concrete substrate
sector is estimated to grow at the highest CAGR in the years to come as these
coatings are exclusively used to avoid crumbling, cracking, and scaling on
concrete.
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The
market could be categorized based on end users like medical, automotive,
electronics, aerospace, textiles, building and construction, marine, and others
could be explored in Hydrophobic Coating in the forecast period. Automotive
sector accounted for the substantial market share of Hydrophobic Coating and is
estimated to lead the overall market in the upcoming period. This could be
attributed to rising production of vehicles.
Globally,
Asia Pacific accounted for the substantial market share of Hydrophobic Coating
in 2017 and is estimated to lead the overall market in the near future. The
reason behind the overall market growth could be high demand for vehicles among
populace, growing start-ups in the medical manufacturing sector, developing
construction industry, and rising innovation in the aerospace sector. The
developing countries like India and China are the major consumers of
Hydrophobic Coating in this region.
North
America and Europe are also estimated to have a positive influence on the
future growth. North America is the second largest region with significant
market share. However, Europe is estimated to grow at the highest CAGR in the
foremost period.
The
key players of Hydrophobic Coating industry are NEI Corporation, Drywired,
NeverWet, BASF SE, The 3M Company, and PPG Industries. These players are
concentrating on inorganic growth to sustain themselves amidstfierce
competition.
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