Cybersecurity Training Is Fastest Growing Segment Fueling The Growth Of The Global Hydrophobic Coatings Market
Market Overview:
Hydrophobic coatings are thin films that repel water from surfaces. They are commonly used on architectural glasses, outdoor equipment, and fabrics to prevent wetting and make cleaning easy. The coatings offer protection from water, dust, dirt, and chemical damage.
The global Hydrophobic Coatings Market is estimated to be valued at Us$ 1.2mn in 2023 and is expected to exhibit a CAGR Of 6.1% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the hydrophobic coatings market is their increasing use in the automotive industry. Automakers are extensively using these coatings on exterior automotive parts like lighting, mirrors, windshields, and body panels to improve visibility during rainy conditions and prevent water spots. The coatings help repel rain and residual water, keeping these parts clean. They also protect the parts from environmental degradation. Furthermore, hydrophobic coatings reduce cleaning and maintenance cost of vehicles.
Segment Analysis
The global hydrophobic coatings market is segmented by material type into polytetrafluoroethylene, polyvinylidene fluoride, silicone, and others. Among these, the silicone segment dominates the market and is expected to remain the largest segment over the forecast period. Silicone coatings exhibit excellent hydrophobicity, durability, and chemical resistance. They are highly preferred for applications ranging from automotive, building and construction to consumer goods.
Key Takeaways
The Global Hydrophobic Coatings Market Demand was valued at US$ 1.2 million in 2023. It is expected to witness high growth, exhibiting a CAGR of 6.1% over the forecast period, due to increasing demand from various end-use industries such as automotive, aerospace, building & construction, and consumer goods.
Regional analysis
Asia Pacific region is expected to remain the fastest as well as the dominating regional market over the forecast period. Countries like China, India, and Japan are the major consumers of hydrophobic coatings in the region. The growing building and construction sector coupled with rising urbanization in emerging nations of the region is fueling market growth.
Key players
Key players operating in the hydrophobic coatings market are 3M, E. I. du Pont de Nemours and Company, Aculon Inc., BASF SE, P2i, ABRISA TECHNOLOGIES, NEI Corporation, DRYWIRED, ACCUCOAT INC., OerlikonMetco (US) Inc, and NANEX COMPANY. These companies are focusing on new product launches, collaborations, and expansions to gain a competitive edge in the market. For instance, BASF launched new hydrophobic coatings under the MagniFlect series for automotive applications in 2022.
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