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What's driving the Hydrophobic Coatings Market Share? DryWired, NeverWet, 3M, Aculon, PPG, NEI Corporation, AkzoNovel, Cytonix, and Nippon Paint.
Hydrophobic Coatings Market
Germany fluoropolymer market size from automotive application is anticipated to exceed USD 30 million by 2024 owing to presence of numerous regional automotive and OEM manufacturers. Research and development initiatives by various manufacturers and expansion in product portfolio will enhance its industry growth. Rising per capita income along with government support for bio-based manufacturing industry should further strengthen regional industry growth.
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According to a new research report by Global Market Insights, Inc. Hydrophobic Coatings Market size is set to surpass USD 2 billion by 2024. Growing preference for water proof coatings which can be easily applied on different substrates including glass, metals, leather, ceramics, and polymer would drive hydrophobic coatings market growth. They provide resistance to scratch, abrasion, corrosion and are dirt repellant. They are versatile and utilized for multiple purposes.
Growth drivers are
North America: Growing medical equipment market in the region owing to extensive presence of hospitals and public health institutions.
Growth Driver are
• Europe: Growing automotive industry in the region is anticipated to fuel product demand by 2024
• Asia Pacific: Growing construction sector in the region
• Asia Pacific: Expanding upstream oil & gas sector
• High cost, risk of damage during application and health concern
Stringent environmental regulations by various agencies including EU and FDA affecting utilization of fluorochemicals are expected to hamper industry growth due to high toxicity levels of these products. High cost of these products & its incapability to endure environmental pressure and rough climate would affect hydrophobic coatings market price trend.
Japan fluoro-alkylsilanes market size may observe significant gains up to 5% in the estimated timeframe. Rising awareness of negative environmental impacts caused by other form of coatings is driving hydrophobic coatings market for automotive and electronic coating. Consumers are changing their preferences for bio-base and organic products. These products also cater to construction, automotive, and aerospace sectors.
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Hydrophobic coatings market from optical application will exceed USD 65 million in projected timeframe. They optimize lens performance regarding its strength & ease of cleaning, transparency, reducing lens care time, and increasing visual comfort. It comprises of a hardening layer that intensifies resistance of lens to wear and tear over time through protecting it from agents such as dirt and scratches that would damage lens hence propelling the market growth.
Hydrophobic coatings market from textile substrate may observe significant gains up to 5.5% by 2024 owing to its easy to cleanability. The product imparts many functional properties including antibacterial, gas barrier, UV resistance, abrasion resistance, and flame retardancy. The product being biodegradable in nature would drive the market demand further in end-use industries.
Hydrophobic coatings market from anti-icing property is anticipated to surpass USD 590 million in the projected timeframe. Ice accumulation on aircraft surface affects a several communication & sensing equipment, making pilot misapprehend the flight speed, and weather conditions. Accumulation of ice on aircraft is a probable threat to aviation security, thus restricting development of industry and seriously affecting human life. By applying the coating to surface of aircraft, it could help prevent buildup of ice deposits, hence boosting market growth.
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Global hydrophobic coating market share is highly competitive and moderately fragmented with major industry players includes 3M, Drywired, NeverWet, Nippon Paint, PPG, NEI Corporation, Abrisa Technologies, AkzoNovel, Aculon, Advanced Industrial and Prelco.
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About Global Market Insights
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
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