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Hydrophobic Coatings Market Overview, Competitive Analysis, Key Trends And Outlook 2024 To 2033
Hydrophobic Coatings Market Overview
As per the report, the hydrophobic coatings market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The hydrophobic coatings market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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The Surge In Hydrophobic Coatings Market Fueled By Rising Vehicle Production
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. For instance, in April 2022, according to the European Automobile Manufacturers' Association, a Belgium-based main lobbying and standards group of the automobile industry, in 2021, 79.1 million motor vehicles were produced worldwide, a 1.3% increase over 2020. In 2021, the United States produced 9.2 million automobiles, a 4.5% increase over 2020. Therefore, an increase in vehicle production is driving the growth of the hydrophobic coatings market going forward.
Advancements In Hydrophobic Coatings Spearheading Market Growth
Product innovation is the key trend gaining popularity in the hydrophobic coatings market. Major players in the hydrophobic coatings market are focusing on producing innovative products to strengthen their market position. For instance, in June 2021, Coat X, a Switzerland-based technology company launched new super-hydrophobic nanocoating. This nanocoating can be applied to a variety of substrates such as glass, polymers, fabrics, and PCBs, and it is designed to repel liquids and prevent them from adhering for long periods of time. This shows theCOAT-X's efforts to improve existing masks or manufacture more environmentally friendly PPE in response to the COVID-19 pandemic.
The hydrophobic coatings market covered in this report is segmented -
1) By Product: Polysiloxanes, Fluoro-Aklylsilanes, Fluoropolymers, Titanium Dioxide, Other Products
2) By Function: Anti-Microbial, Anti-Icing, Antifouling, Anti-Corrosion, Self Cleaning
3) By Fabrication Method: Chemical Vapor Deposition, Phase Separation, Sol-Gel Process, Electro Spinning And Etching
4) By Application Method: Dip-Coating, Brushing, Roll Coating, Spraying, Other Application
5) By End-User: Automotive, Electronics, Building And Construction, Marine, Textiles, Healthcare, Aerospace, Oil And Gas, Food And Beverages, Other End-Users
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Major companies operating in the hydrophobic coatings market report are 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., Nanokote PTY Ltd., Precision Coating Company Inc., The Sherwin Williams Company, Masters Building Solutions, NTT Advanced Technology Corporation, COTECH GmBH, Akzo Nobel N.V., Surfactis Technologies, Nanogate, MesoCoat Inc., AccuCoat Inc., Rust-Oleum, UltraTech International Inc., P2i Ltd., Neiker-Tecnalia, Sto SEA Pte. Ltd., Allegiance NanoSolutions, Artekya Technology Ltd.
Contents of the report:
1. Executive Summary
2. Hydrophobic Coatings Market Report Structure
3. Hydrophobic Coatings Market Trends And Strategies
4. Hydrophobic Coatings Market - Macro Economic Scenario
5. Hydrophobic Coatings Market Size And Growth
…..
27. Hydrophobic Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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