Superhydrophobic Coating Market: Information by Raw Material (Carbon Nanotubes, Silica Nanoparticles), Property (Anti-Microbial, Anti-Corrosion), End-Use Industry (Electricals & Electronics, Textiles & Leather), Region—Forecast till 2023

Market Overview

Superhydrophobic coatings are nanoscopic surface layers that repel water. The most notable natural superhydrophobic coating is lotus leaf. These coatings can be applied to plastic, wood, glass, mineral undercoats, concrete, and textiles as they provide resistance to dirt, abrasions, and corrosion. The increasing demand for superhydrophobic coating materials and technological advances such as the development of highly transparent coatings with high optical clarity are expected to be the key growth drivers for the superhydrophobic coating market during the period of study. Superhydrophobic coatings find applications in the electronics and telecommunication, automotive, textiles and leather, building and construction, medical and healthcare industries.

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The growth of the global superhydrophobic coating market is driven by rapid adoption in the electronics industry as they protect sensitive electronic parts from water damage. Superhydrophobic coatings extend product life and reduce the extent of water damage, resulting in cost savings. These coatings also provide anti-fingerprint, self-cleaning, and anti-soiling properties. With the increasing demand for gadgets across the globe, the use of superhydrophobic coatings is expected to grow during the forecast period.

The electrical and electronics segment is expected to be the fastest-growing end-use industry market during the forecast period, presenting lucrative opportunities to market players. The growing need for protective, dirt-resistant clothing in the military sector and self-cleaning apparel for daily use is likely to drive the demand for superhydrophobic coatings in the textiles and leather industry in both developed and developing regions.

Innovation in hydrophobic materials is a key trend noted in the market. For instance, the new superhydrophobic material created by a team of MIT nanomaterial scientists and mechanical engineers is said to be 10,000 times more hydrophobic than current options. These materials are set to revolutionize the efficiency of fossil fuel power plants, car windshields, and cooling towers. Rust-Oleum, a major industry player, currently dominate the global superhydrophobic coating market with industrial & consumer, Rust-Oleum® NeverWet® Oleophobic Oil Repelling Treatment is a superhydrophobic and oleophobic coating system that repels water and oils from treated surfaces. This revolutionary product causes liquids to roll off of surfaces keeping items clean and dry.

Regional Analysis

Asia-Pacific accounted for the largest share of the superhydrophobic coating market in 2018; the regional market is expected to register the highest CAGR during the forecast period due to the rapid growth of the electronics and construction industries in China, India, and several ASEAN countries.

North America is also a prominent market for superhydrophobic coatings owing to the presence of major market players with significant investments and economic recovery resulting in the increased demand for consumer electronics.

The European market is also expected to grow with the increasing consumption of superhydrophobic coatings in Germany and the UK during the forecast period.

The Latin American superhydrophobic coating market is witnessing considerable growth with the rising demand for automobiles and electronics.

The market in the Middle East & Africa is also likely to grow during the review period due to rapid infrastructure development in the region.

Segmentation

The global superhydrophobic coating market has been segmented by raw material, property end-use industry, and region.

Based on raw material, the market has been segmented into carbon nanotubes, silica nanoparticles, graphene, and others.

Based on property, the market has been segmented into anti-microbial, non-wetting, anti-corrosion, and others.

Based on end-use industry, the superhydrophobic coating market has been segregated into electricals and electronics, transportation and allied logistics, medical, optical, construction, and textiles and leather

Based on region, the market has been segregated into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Key Players

Some of the key players in the global superhydrophobic coating market are P2i International Ltd (US), UltraTech International Inc. (US), Lotus Leaf Inc. (Mexico), Rust-Oleum (US), NEI Corporation (US), United Protective Technologies (US), Hydrobead (US), Aculon (US), NeverWet (US), Advanced NanoTech Lab (India), and Excel Coatings (India).

Intended Audience

Superhydrophobic coating manufacturers
Traders and distributors of superhydrophobic coatings
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories

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