Hydrophobic Coatings Market by Substrate Type (Metals, Glass, Concrete, Polymers, Ceramics), End-Use Industry (Automotive, Aerospace, Building & Construction, Marine, Textiles, Electronics, Medical), and Region - Global Forecast to 2022
Northbrook, IL -- (SBWIRE) -- 06/19/2018 -- The hydrophobic coatings market is projected record a CAGR of 5.5% between 2017 and 2022. The growth is driven by growing demand from the end-use industries such as automotive, aerospace, building & construction, marine, electronics, textiles, and medical and superior properties of hydrophobic coatings such as self-cleaning, anti-fouling, de-icing, anti-microbial, and anti-corrosion among others.
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The metals substrate segment is projected to lead the hydrophobic coatings market during the forecast period.
The metals substrate segment is projected to lead the hydrophobic coatings market during the forecast period. Hydrophobic coatings are compatible with a broad range of metals, which include stainless steel, tin, aluminum, titanium, copper, gold, silver, and nickel. Metal substrates with hydrophobic coatings are used in aircraft engines to prevent moisture. Metals are also widely used in the manufacturing of medical devices. Metallic implants are widely used in orthopedic surgeries, such as shoulder surgery, elbow surgery, ankle surgery, and wrist surgery. Increasing use of metals in end-use industries is expected to drive the hydrophobic coatings market.
The building & construction end-use industry segment is projected to register the highest CAGR during the forecast period.
The building & construction end-use industry segment of the hydrophobic coatings market is projected to register the highest CAGR between 2017 and 2022. Hydrophobic coatings are used for waterproofing of buildings and structures. These coatings also provide dirt resistance and UV protection. Hydrophobic coatings are applied on walls, building facades, and roof tiles. The increasing infrastructural spending and rising green building constructions are expected to drive the hydrophobic coatings market in the building & construction segment.
The APAC hydrophobic coatings market is projected to register the highest CAGR during the forecast period.
The APAC hydrophobic coatings market is projected to register the highest CAGR between 2017 and 2022. China is the largest hydrophobic coatings market in this region. In China and India, the demand for hydrophobic coatings is expected to increase during the forecast period owing to the growing investment in end-use industries such as automotive, aerospace, medical and building & construction among others.
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The leading players in the hydrophobic coatings market are Drywired (US), BASF SE (Germany), PPG Industries (US), The 3M Company (US), NeverWet (US), and NEI Corporation (US).
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