U.S (New York)–The Report Ocean has recently published a new report titled “Hydrophobic Coatings Market” 2023, which outlines the regional and global markets that are predicted to experience significant growth between 2023 and 2031. This extensive research delves deeply into the market’s ever-changing dynamics, value chain analysis, competitive landscapes, investment hotspots, geographical landscape, and significant segments, providing critical insights and valuable information for policymakers, stakeholders, investors, newcomers, and industry professionals. In addition, the report provides a comprehensive examination of the industry’s controls and restraints, as well as information on the global industry’s plans and opportunities. By utilizing this report, individuals in the industry can capitalize on emerging opportunities, develop key strategies, and gain a competitive edge over rivals.
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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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
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.
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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.
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.
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
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
Reasons for Buying Acetonitrile Market Report:
- This report gives a forward-looking prospect of various factors driving or restraining market growth.
- It renders an in-depth analysis for changing competitive dynamics.
- It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
- It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
- It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Market.
- This report helps the readers understand key product segments and their future.
- From 2022 to 2031, All Recent Developments have been covered in this Report.
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