Hydrophobic Coatings Market 2020 Global Insights - BASF SE, PPG Industries Inc.

Hydrophobic Coatings Market - Growth, Trends And Forecast (2020 - 2025), This report presents a profound evaluation of basic elements of Hydrophobic Coatings industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.

The market for hydrophobic coatings is expected to grow at a CAGR of more than 5.5% during the forecast period.

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- Shifting trends toward hydrophobic coatings in the medical industry is likely to act as an opportunity.
- Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.

Competitive Landscape:

The Hydrophobic Coatings Market is competitive owing to the presence of various international and domestic manufacturers. The market appears to be fragmented with the vendors competing in terms of price, capacity, volume, product quality, and technological innovation in the market. Some of the major players in the market are BASF SE, PPG Industries Inc.

Industry Latest News:

4 May, 2020: Five active ingredients by BASF for cosmetics and body care products have for the first time been approved as organic according to COSMOS-standard. This includes the active ingredients Dulcemin? from sweet almond seed flour, Lipofructyl? on the basis of Argan oil as well as the skin care ingredient Elestan? extracted from the leaves of the West African Manilkara tree.

BASF is the largest provider of raw materials for natural and organic products according to COSMOS: In Europe, 120 cosmetic ingredients by BASF have been approved according to COSMOS-standard, globally a total of 145 products received approval.

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Constriction Segment to Dominate the Market:

- The demand for hydrophobic coatings had witnessed a rapid surge in the past few years, with the growing construction activities, worldwide. These coatings are widely used in construction, in order to protect various substrates or surfaces from damage due to contact with water or rain.
- Hydrophobic coatings protect building walls from rainwater and water from other sources, which helps in increasing the overall life of the buildings. These coatings also protect the surfaces that are frequently cleaned with water, such as window frames, stone surfaces, metal frames, etc.
- Hydrophobic coatings also protect the beauty of buildings from water, along with repelling moisture, thereby, protecting the color applied and preventing color fading to a large extent.
- The hydrophobic coating also helps to improve thermal performance and increase the insulation properties of the buildings. It reduces the chances of mold appearing on internal walls offering insulation benefits, which helps to keep home hot during winter, and cool in summer. Thus, the robust performance of the construction sector across various regions, like Asia-Pacific, Middle East & Africa, and North America, the demand for hydrophobic coatings market is likely to witness strong demand during the forecast period.
- Asia-Pacific and North America regions have been witnessing strong growth in residential construction.
- Asia-Pacific has been witnessing strong growth in residential construction in countries, such as India, China, the Philippines, Vietnam, and Indonesia.
- Moreover, in North America, high housing demand due to the growing population demand for homes and increased immigrants, and the trend of nuclear families are some of the factors driving the residential construction in the region.
- Thus, such a robust performance of the construction industry across the various regions has been driving the demand for hydrophobic coatings market.

Furthermore, this study will help to solve the following issues:

Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes- Strong substitute of a product or service?is that the?most prominent threat. Report includes key cannibalizes of a market, by procuring?marketing research. This helps in aligning new product development/launch strategies?before.
Spotting emerging trends- Report helps?to identify?upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by?a specific?emerging trend.
Interrelated opportunities-This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.

Customization of the Report:

The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

Browse Related Report:

Super Hydrophobic Coatings Market

https://www.marketinsightsreports.com/reports/03231923152/global-super-hydrophobic-coatings-market-report-2019-market-size-share-price-trend-and-forecast?source=openpr&Mode=20

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