Hydrophobic Coatings Market is Estimated to Reach worth of US$ 2 Bn in 2022 and Growing Demand is Expected to Take it to US$ 3.42 Bn by year 2032-end. Analysis by Future Market Insights Experts

News provided by

Nov 23, 2022, 08:30 ET

Increasing Construction Projects Driving the Hydrophobic Coatings Market, Valuation Expected to Reach US$ 3.42 Bn by 2032. Demand for hydrophobic coatings would expand at a compound annual growth rate (CAGR) of approximately 7% in China.

NEWARK, Del., Nov. 23, 2022 /PRNewswire/ -- The global Hydrophobic Coatings Market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the hydrophobic coatings market is US$ 2 Bn in 2022. The demand for hydrophobic coatings is anticipated to reach a high of US$ 3.42 Bn by the year 2032.

Products that have industrial coatings are better able to withstand water because they prevent water from adhering to their surfaces. Because of population growth and urbanization, construction projects are on the rise across the globe. This is especially true in the rapidly developing economies of Asia.

Get PDF sample copy For In depth Insights: https://www.futuremarketinsights.com/reports/sample/rep-gb-15788

The demand for hydrophobic coatings is growing as a result of efforts made by governments of developing countries to stimulate their economies. In December 2021, for instance, researchers at India's International Advanced Research Centre for Powder Metallurgy & New Materials created super-hydrophobic industrial coatings for stainless steel. Members of the group have investigated the breakthrough with an eye toward implementing it in the maritime, mechanical, electronic component, piping, power, and nuclear sectors.

In addition to rising disposable income and shifting consumer preferences, the expansion of the automotive industry is also anticipated to boost demand for industrial coatings. The top companies in this industry are spending heavily on research and development as well as mergers, acquisitions, and partnerships in order to maintain or expand their dominant hydrophobic coatings market positions. Private and public investment aimed at expanding product use into new areas is expected to strengthen the strategic landscape of the industry.

Key Takeaways

Since many different types of vehicles, aircraft, and medical gadgets are mass-produced in these regions, North America and Europe together made up more than half of the global hydrophobic coatings market.
In 2022, the automobile industry accounted for over 20% of the product's entire demand.
Anti-microbial coating is predicted to have the highest growth rate due to its widespread use in the healthcare sector.
Since it is increasingly being used in the production of biocompatible stainless-steel operating and surgical tools, demand for the product is anticipated to increase dramatically in the medical industry.

Competitive Landscape

Some of the most important companies in the hydrophobic coatings market include PPG, 3M, NEI Corporation, Nippon Paint Holdings Co., Ltd., BASF SE, Ant Lab, Surfactis, Aculon, Aakzo Nobel, Abrisa Technologies, Cytonix, NEI Corporation, NeverWet, and Nippon Paint Holdings Co., Ltd. In order to keep their dominant position in the hydrophobic coatings market, the corporations focus primarily on developing new products and enhancing their production capabilities.

Talk to analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-15788

Recent Developments

GKN Aerospace's transparencies centre of excellence in Garden Grove, California, was the location in July 2018 where the company introduced a new hydrophobic coating for cockpit glass. A permanent surface treatment that greatly enhances resistance to surface abrasion also provides the rain-shedding in-flight/ground activity that is provided by the surface.
NEI Corporation launched the UV-Protect (UVP) technology in March of 2018, with the goal of developing upgraded versions of its successful NANOMYTE® coating products. These upgraded versions are intended to deliver distinctive characteristics in coatings that have unrivalled durability. The NANOMYTE® line of surface treatments and protective industrial coatings coatings include characteristics such as hydrophobicity, oleophobicity, self-healing, fog resistance, scratch resistance, anti-icing, self-cleaning, and anti-corrosion. These characteristics can be found in the protective coatings.

For further inquiries, about Global Hydrophobic Coatings Market Analysis Report and Forecast, 2032 click on this link - https://www.futuremarketinsights.com/reports/hydrophobic-coatings-market

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyer's

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter's Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

Buy Now@ https://www.futuremarketinsights.com/checkout/15788

Explore Research Related Reports of Chemicals & Materials:   

Lubricants Market Size - Lubricants market is expected to reach a market valuation of US$ 160.2 Billion by the year 2022, accelerating with a CAGR of 4.5% by 2022-2032. The lubricants market size is anticipated to be valued at about US$ 248 Billion by 2032 end.

Aramid Fiber Market Share - The global aramid fiber market is expected to reach a market valuation of US$ 3.8 Billion by the year 2022, accelerating with a CAGR of 5.3% by 2022-2032.

Thermoformed Plastics Market Trends - Global thermoformed plastics market is anticipated to reach a market valuation of US$ 66.16 Billion by the year 2032, flourishing at an average CAGR of 5.5% by 2022-2032.

Ready-mix Concrete Market Growth - The global ready-mix concrete market size is anticipated to reach US$ 46.9 Bn in 2022 and exhibit a considerable CAGR of 13.2% in the forecast period from 2022 to 2032.

Polyethylene Terephthalate Market Price - The global market for polyethylene terephthalate is forecast to reach US$ 28.6 Billion in 2022, up from US$ 27.1 Billion in 2021. Furthermore, the industry is poised to reach nearly US$ 40 Billion by 2032, flourishing at a CAGR of 3.4%.

Flat Glass Market Value - Global Flat Glass demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2% to be valued at US$ 8.8 Billion from 2022 to 2032.

Abrasives Market Outlook - Abrasives are mineral-like materials available in different sizes, shapes and sizes depending upon the need. Norton grinding wheels are used to clean, abrade, scour, grind and remove solid materials by the action of rubbing.

Activated Alumina Market Players - The global activated alumina market is estimated to secure a bearish CAGR of 5.8% during the forecast period and attain a value of US$ 642.8 Million by 2032.

Lead Market Forecasts - The global market for lead has been witnessing noticeable growth on account of growing lead-acid battery consumption. In addition, the global demand is estimated to be significant in the coming years, as capacity expansions and new operations boost supply at a faster rate than demand.

Fiber Cement Board Market Segment - The fiber cement board market is anticipated to record a CAGR of 4.3% during the forecast period. It is expected the market value could go up from US$ 10 Bn in 2021 to reach a valuation of US$ 27 Bn by 2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc. 
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA 
T: +1-845-579-5705 
For Sales Enquiries: [email protected]   

Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg

SOURCE Future Market Insights