The growing focus on infrastructure development coupled with rising living standards in emerging economies is expected to have a positive impact on the rise of the automotive and construction industries, in turn, would fuel the growth of the demand for SuperHydrophobic Coatings.
SuperHydrophobic Coatings Market Size – USD 1.45 Billion in 2019, Growth - CAGR of 5.2%, Trends – High demand from developing nations.
The global SuperHydrophobic Coatings Market is forecast to reach USD 2.19 Billion by 2027, according to a new report by Reports and Data. Growing production of water-repellent products has recently attracted a great deal of attention due to the broad variety of applications that these surfaces offer, anticipating favorable market growth for SuperHydrophobic Coatings. Examples of the promise of such products are stain-resistant textiles, self-cleaning fabrics, anti-fouling products, and anti-icing coatings. Additionally, the production of outdoor paints and coatings would further fuel the desire for the product. The market size of China fluoropolymer-based SuperHydrophobic Coatings is expected to increase significantly over the projected timeframe as a result of the rising regional electronics market. Increasing consumer preference for high-quality electronic goods along with rising investment in the coatings market will boost the performance of the market.
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Top Companies: BASF SE, 3M, PPG Industries, Abrisa Technologies, Advanced Industrial Coatings, NEI Corporation, Prelco, Nippon Paint, Aculon, and Drywired, among others.
Further Key Finding from the Report Suggestion:
- Based on the product, Titanium Dioxide generated a revenue of USD 0.60 billion in 2019. It projected to rise with a CAGR of 5.6% in the forecast period due to its photocatalytic properties, which, in the presence of water, produce hydroxyl-free radicals, which can turn organic molecules into carbon dioxide and water and kill microorganisms.
- The glass substrate expected to grow with a CAGR of 5.6% in the forecasted period, as it forms an influential association with glass materials to create a molecular matrix that prevents bonding water.
- The construction sectors are the major contributor to the SuperHydrophobic Coatings Market. The construction sectors of the Asia Pacific region are the major shareholder of the market and held around 26% of the market in the year 2019, owing to rapid growth in the construction industry and continuing development on infrastructure projects.
- The Asia Pacific dominated the market for SuperHydrophobic Coatings in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The Asia Pacific region held approximately 33.3% of the market, followed by Europe, which contains around 26.2% market in the year 2019.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global SuperHydrophobic Coatings market is segmented into:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Polysiloxanes
- Fluoro-Alkylsilanes
- Fluoropolymers
- Titanium Dioxide
Substrate Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
- Metals
- Glass
- Concrete
- Ceramics
- Polymers
- Textile
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Aerospace
- Automotive
- Construction
- Medical
- Optical
- Oil Gas
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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