Superhydrophobic Coatings Market - Coatings Fueling Newer Applications, Research By 2024

Most of the companies have focused on the electronics and telecommunication, building and construction, and textiles and leather industries to expand their product portfolio. However, an increasing number of vendors are also finding opportunity in the medical and healthcare, oil and gas, and automotive sectors, a TMR analyst has observed. Transparency Market Research (TMR) observes that this has intensified the degree of competition among international as well as domestic players and is likely to push the global superhydrophobic coatings market to expand at a double-digit growth rate from 2016 to 2024.

P2i Limited, Cytonix, LLC, The Sherwin-Williams Company, DryWired, LLC, UltraTech International, Inc., Sto Group, Surfactis Technologies, Nanex Company, NTT Advanced Technology Corporation, NEI Corporation, Lotus Leaf Coatings, Inc., Rust-Oleum Corporation, Aculon, Inc., and Artekya Ltd. are some of the prominent players in the global superhydrophobic coatings market.

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Rising Demand from Consumers for Waterproof Electronics Presents Key Opportunities

The global superhydrophobic coatings market attributes its exceptional growth to the large-scale development of the global electronics and telecommunication industry. Superhydrophobic coatings are widely used in the electronics and telecommunication industry as they are thermally stable and can be easily applied on the surface. They are also highly capable of protecting sensitive electronic parts that are easily susceptible to water damage. “The rising demand from consumers for electronic products with water-repelling surfaces is anticipated to present significant scope for players in the superhydrophobic coatings market in the next few years,” the author of the report states.

“The growth of the global construction industry, coupled with the increased demand for the usage of composite materials in the construction industry will also provide immense opportunities for vendors in the superhydrophobic coatings market,” the TMR analyst predicts. Superhydrophobic coatings have extensive potential in the building and construction sector as they offer the required temperature resistance and provide effective barriers against water and microbes. Companies such as UltraTech International Inc. and The Sherwin- Williams Company are some of the leading players manufacturing superhydrophobic coatings for the construction industry.

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In contrast, stringent government regulations pertaining to coating ingredients and formulations have been enforced in several developed countries in North America, Europe, and Asia Pacific and this is likely to adversely impact the superhydrophobic coatings market over the course of the forecast period.

The study offers a broad view of the superhydrophobic coatings market by dividing it into key end-user segments such as electronics & telecommunication, building & construction, textile & leather, automotive, medical & health care, and others. End-user segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2016 to 2024 in terms of volume (tons) and revenue (US$ thousand) on the global and regional level. For country level, the market has been estimated in terms of volume (Kilogram) and revenue (US$ thousand) from 2016 to 2024.

Regional segmentation includes current and forecast demand for superhydrophobic coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report includes country-level analysis in terms of volume and revenue for end-user segments. Key countries such as the U.S., the U.K., France, Germany, Italy, Spain, China, India, Brazil, and South Africa have been included in the research study. Market segmentation includes demand for individual end-users in all regions and major countries of each region.

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