Hydrophobic Coatings Market 2021 Global Industry Trends and Forecast to 2024
A comprehensive research report published by Global Market Insights Inc. suggests that hydrophobic coatings market will exceed the $2 billion mark by 2024.
Delaware, United States – August 5, 2021 /MarketersMedia/ —
Accelerating demand for water-repellant surfaces to apply on various substrates, such as metals and textiles, will propel hydrophobic coatings market. These coatings offer several expedient properties, such as abrasion-resistance, dirt repellence, corrosion-resistance, versatility, and scratchproofing. They have strong demand across various industries, including construction, oil & gas, automotive, and aerospace. Hydrophobic coatings are less toxic, biodegradable, and ecological, which has led to increased consumer inclination toward the product and resulted in remarkable hydrophobic coatings market growth.
Based on the substrate, textile segment is likely to witness momentous growth due to its easy cleanability. The product has several functional properties, such as UV resistance, flame retardancy, antibacterial, abrasion resistance, and gas barrier. It is biodegradable, which aligns it with government regulations. Estimates claim that textile substrate is anticipated to grow at a CAGR of around 5.5% over 2018-2024.
Hydrophobic coatings have anti-icing properties, which has enabled its usage in aircraft. Deposits of ice on aircraft incapacitate many communication & sensing equipment, which may muddle pilot in identifying flight speed & weather conditions and negatively impact aviation security. Hydrophobic coatings are applied on aircraft surfaces to prevent the accumulation of ice, which, in turn, will impel hydrophobic coatings industry demand. In accordance, hydrophobic coatings market from anti-icing property is projected to account for more than $590 million over the forecasted timeframe.
In terms of application, hydrophobic coatings have found a myriad range of uses in optical applications. The product is applied on lens to optimize its performance and improve transparency, ease of cleaning, visual comfort, strength, & minimize lens care time. Application of these coatings forms a hardening layer on lens to enhance wear & tear resistance. It protects lens from damage by securing it from agents, including scratches & dirt. Projections claim that hydrophobic coatings market from optical application will account for $65 million by 2024.
To access a sample copy or view this report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/2919
Germany fluoropolymer market is expected to witness momentous growth due to the presence of a plethora of regional OEMs and automobile manufacturers. Automakers are effectuating research & development activities to expand their product portfolio. Also, increasing per capita income and supportive government initiatives to use bio-based products in the manufacturing industry will proliferate hydrophobic coatings industry. Germany fluoropolymer market from automotive application is estimated to account for almost $30 million by 2024.
Japan fluoro-alkylsilanes industry is likely to depict accelerated growth due to intensifying awareness pertaining to adverse impacts of other coatings on the environment. The product has found a diverse range of applications in electronic and automotive industries. Seismic shift of consumer interest toward organic and bio-based products and an upsurge in demand from aerospace, automotive, and construction sectors will influence fluoro-alkylsilanes market trends. Japan fluoro-alkylsilanes industry is anticipated to register a 5% CAGR over the forecast period.
Increasing the adoption of hydrophobic coatings in several industries has encouraged business players to invest and expand their footprint in hydrophobic coatings market. A few of eminent hydrophobic coatings market players include Drywired, 3M, NeverWet, PPG, Nippon Paint, NEI Corporation, AkzoNobel, Abrisa Technologies, Aculon, Pelco, and Advanced Industrial.
About Global Market Insights Inc.
Global Market Insights Inc. headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Info:
Name: Arun Hegde
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Organization: Global Market Insights Inc.
Phone: 1-302-846-7766
Website: https://www.gminsights.com/pressrelease/hydrophobic-coatings-market
Source: MarketersMedia
Release ID: 89040308
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