The modern-day document posted via Report Ocean, titled “Hydrophobic Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
Water causes damage to the substrates as it carries many deleterious elements, such as chlorides and dirt, into the porous substrates like concrete. Hydrophobic coatings on the substrates efficiently protect the assets from water damage, and thus increase the durability of the materials. These coatings possess significant durability and superior properties such as self-cleanliness and resistance to corrosion, abrasion, and chemicals. In the year 2015, the global hydrophobic coatings market was valued at $1,628 million and is expected to grow at a CAGR of 6.2% from 2016 to 2022 to reach $2,471 million by 2022.
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Increase in demand for hydrophobic coating globally due to their remarkable properties, rise in modernization, and growth in concern towards protecting the substrate against environmental agents. Moreover, they can be applied to any surface regardless of its composition such as plastic, glass, and metals. The market for hydrophobic coatings is also driven by the requirement of aesthetic appeal in the automotive industry. However, these coatings loaded with nanoparticles, such as titanium dioxide and zinc oxide are not stable, for long term and lose their hydrophobicity when exposed to UV radiation.
On the basis of material, the market is segmented into polysiloxanes, fluoro alkylsilanes, fluoropolymers, and others. In terms of fabrication method, the market is segmented as chemical vapor deposition, phase separation, sol gel process, electrospinning, and etching. On the basis of application, the market is segmented into building & construction, automotive, aerospace, marine, and others. In the year 2015, building & construction application held the maximum share in the hydrophobic coatings market.
Geographically, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Region-wise, Asia-Pacific occupied the largest share in the market, with China and India as major countries contributing to the growth in 2015. Significant factors that led to market growth in this region are the increase in population coupled with rise in adoption of water repellant coatings, especially in building & construction, and automotive application.
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KEY MARKET BENEFITS:
This report provides an extensive analysis of the current trends, future estimations, and dynamics from 2014 to 2022 of the global hydrophobic coatings market, which assist to identify the prevailing opportunities.
Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
Exhaustive analysis predicts the applications that are currently used along with the variants that would gain prominence in the future.
Competitive intelligence of leading manufacturers and distributors highlights the competitive scenario across the geographies.
An in-depth analysis of current research and developments within the market is provided with key dynamic factors that interpret the market behavior.
Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Key players are profiled and their strategies are analyzed thoroughly, which portray the competitive outlook.
Leading companies have adopted product launches and expansions as key business strategies to gain a competitive advantage in the hydrophobic coatings market. For example, in April 2016, NEI Corporation launched an anti-fog durable coating named NANOMYTE SAF-100. This helped the company to expand its product portfolio and face competition. Key players profiled in the report include BASF SE, 3M, Abrisa Technologies, Aculon, NEI Corporation, P2I, DuPont, DryWired, Accucoat Inc., Oerlikon Metco Inc., and Nanex Company.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY MARKET SEGMENTS:
Global Hydrophobic Coatings Market is segmented as:
By Material
Polysiloxanes
Fluoro Alkylsilanes,
Fluoropolymers
Others
By Application
Building and Construction
Automotive
Aerospace
Marine
Others
By Fabrication Method
Chemical Vapor Deposition (CVD)
Phase Separation
Sol Gel Process
Electrospinning
Etching
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By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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