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Hydrophobic Coatings Market Trends, Top Companies, Share, Growth And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Hydrophobic Coatings Market Size, Growth Rate, And Forecast
The global hydrophobic coating market size is expected to grow from $1.74 billion in 2022 to $1.86 billion in 2023 at a compound annual growth rate (CAGR) of 6.73%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hydrophobic coating market size is expected to reach $2.49 billion in 2027 at a CAGR of 7.62%.
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Hydrophobic Coatings Market Drivers
An increase in vehicle production is expected to propel the growth of the hydrophobic coating market going forward. A vehicle refers to an automobile with wheels and an engine that is used to transport people or products, typically on land. Hydrophobic coatings are applied to the glass, paint, and other exterior components of a vehicle to make them more resistant to water, it forms a hydrophobic shield, causing water droplets to bead up and roll off the surface of the automobile. Additionally, the rise in disposable income in developing countries has favored the demand for vehicles.
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Hydrophobic Coatings Market Segments
• By Product: Polysiloxanes, Fluoro-Aklylsilanes, Fluoropolymers, Titanium Dioxide, Other Products
• By Function: Anti-Microbial, Anti-Icing, Antifouling, Anti-Corrosion, Self Cleaning
• By Fabrication Method: Chemical Vapor Deposition, Phase Separation, Sol-Gel Process, Electro Spinning And Etching
• By Application Method: Dip-Coating, Brushing, Roll Coating, Spraying, Other Application
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the hydrophobic coatings market.
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Hydrophobic Coatings Market Key Players
Major competitors in the hydrophobic coatings market include BASF SE, DryWired, PPG Industries Inc., 3M Company, NEI Corporation, Nippon Paint Holdings Co. Ltd., NeverWet LLC, Aculon Inc., Cytonix Corporation, Lotus Leaf Coatings Inc., Advanced NanoTech Lab, Kansai Paint Ltd., Endura Manufacturing Company Ltd.
The Business Research Company's "Global Hydrophobic Coatings Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Hydrophobic Coatings Market Include:
1. Executive Summary
2. Hydrophobic Coatings Market Characteristics
3. Hydrophobic Coatings Market Trends And Strategies
4. Hydrophobic Coatings Market - Macro Economic Scenario
5. Hydrophobic Coatings Market Size And Growth
……
26. Africa Hydrophobic Coatings Market
27. Hydrophobic Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydrophobic Coatings Market
29. Hydrophobic Coatings Market Future Outlook and Potential Analysis
30. Appendix
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