Hydrophobic Coating Market, (By Property Type: Anti-microbial, Anti-icing/wetting, Anti-Corrosion, Self-Cleaning & Others. By Application: Aerospace, Construction, Medical, Automotive, Optical & Others. By Region - North America, Europe , Asia-Pacific , LAMEA) - Global Market Analysis, Growth, Trends & Forecast, 2022 to 2032

The global hydrophobic coatings market was valued at $2.1 billion in 2021 and it is expected to reach $3.4 billion at a CAGR of 4.3% between 2022 and 2032. Due to its expanding application scope in the automotive, aerospace, and construction industries, the market is anticipated to have significant expansion. Additionally, throughout the anticipated period, technical advancements to incorporate nanoparticles in hydrophobic coatings, which offer large surface area and increased performance characteristics, are anticipated to open new doors for the industry's expansion. 

By region, the Asia-Pacific region has been leading the hydrophobic coatings market globally with significant growth. 

An extra layer of a water-repellent substance known as a hydrophobic coating is often sprayed onto a clean vehicle's surface. Si02, or silicon dioxide, is the main component in the majority of these goods. It may be placed on top of wax or sealant layers that are already present. A clean, damp car can be sprayed with some coatings, such as Auto Finesse's Aqua Coat. Thin sheets of waterproof materials termed hydrophobic coatings are applied to substrates; they are also known as water-repellent coatings because of their exceptional water resistance. Many industries, including building and construction, aircraft, automobile, and medicine, use hydrophobic coatings extensively. The market's two main growth drivers are the automotive and building & construction industries. Additionally, because they are simple to apply to any kind of substrate, they have a wide range of uses in a variety of industries, including automotive, marine, building & construction, and aerospace. 

Source: SAI Research

Download Free PDF Sample Request

The changing customer demand increased purchasing power, and advancements in the automotive sector are all contributing to the tremendous growth that is anticipated for the global automobile industry over the projection period. Over the next nine years, demand is anticipated to increase as hydrophobic coatings for metal components are used more frequently in the automobile industry across developing economies. Due to the industry's infancy, producers are likely to spend more on product innovation to meet the growing demand from end users. A few major international firms, including BASF SE, AkzoNobel N.V., Aculon Inc., and 3M, currently control the majority of the market. 

The demand for hydrophobic coatings is being driven up by several factors, including the increased use of these coatings in catheters and guidewires as well as the rising demand for marine constructions to be coated with anti-corrosive materials. However, the development of hydrophobic coatings in the global market is anticipated to be constrained by strict governmental policies and procedures for managing the associated chemicals and a lack of knowledge regarding the compatibility between substrate type and coating. On the other hand, over the anticipated timeframe, several market players should expect to experience fierce rivalry from regional producers. Over the next nine years, it is projected that easier access to raw materials, significant expansion in end-use sectors due to the global economy's recovery, and ample room for innovative product development will provide industry participants with new opportunities.

Based on property type, the anti-microbial segment accounted for the largest share of the market. These coatings stop a microbiological substrate from growing on any surface. As a result, during the projection period, they are projected to see significant demand in medical and optical applications. Additionally, there is an increasing need for antimicrobial coatings in the production of nonwovens such as gowns and gloves and water-repellent surgical instruments, which is anticipated to positively affect the coatings market. However, the anti-icing category has also led the market growth over the past few years with significant market growth. It improves performance while lowering the system's energy usage. As a result, the increasing demand for anti-ice coating from the automotive, aerospace, and communication equipment industries can be ascribed to the segmental expansion.

In terms of application type, the aerospace segment is expected to hold most of the market share in the future. Commercial aerospace production is likely to benefit from the development in passenger travel demand brought on by rising consumer disposable income and changing lifestyles, which is anticipated to benefit industry growth throughout the projection period. On the other side, the automotive segment has been leading the market over the last few years due to rising demand across the automotive industries. Increased R&D spending, a thriving automotive industry, and the increasing use of hydrophobic coatings on the inner and outer body surfaces of cars will all support product acceptance in automotive applications.

Geographically, the Asia-Pacific region holds most of the market share and is also anticipated to hold its dominant position during the forecast period from 2022 to 2032. Maximum key players are located in several nations of the Asia-pacific region which is a plus point for the hydrophobic coatings market. Some of the socioeconomic reasons that will drive product demand in this region include rapid industrialization and the existence of sizable auto manufacturers in developing nations like India and China. Additionally, the region's expanding medical sector and high volume of medical instrument and equipment production are anticipated to positively impact the demand for coatings in the Asia-Pacific region. On the other hand, the North American region is also expected to become the second-largest growing market during the forecast period. These areas have a high level of technological adaptability. As a result, it is anticipated that the product would have a significant level of penetration in the application sectors, positively affecting the market. Additionally, the region's rapidly rising disposable income and the high consumer affinity for premium leather goods will foster corporate growth.

According to the study, key players such as 3M (U.S), Artekya (Turkey), Accucoat (U.S), BASF SE (Germany), Cytonix (U.S), DryWired (U.S), NANOGATE (Germany), NANOKOTE (Australia), Nippon Paint (Japan), NEI Corporation (U.S), PPG Industries (U.S), Ross Industrial (U.S), United Technologies Corporation (U.S), Unilever PLc (U.K), among others are leading the global hydrophobic coating market.                              

Scope of the Report:

The Global Hydrophobic Coating Market Has Been Segmented Into:

The Global Hydrophobic Coating Market – by Property Type:

• Anti-microbial
• Anti-icing/wetting
• Anti-Corrosion
• Self-Cleaning
• Others

The Global Hydrophobic Coating Market – by Application Type:   

• Aerospace
• Construction
• Medical
• Automotive
• Optical
• Others

The Global Hydrophobic Coating Market – by Regions:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • K.
  • France
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • Rest of Asia Pacific
• LAMEA
• Middle East
  • Saudi Arabia
  • UAE
  • Others
• Latin America
  • Brazil
  • Chile
  • Others
• Africa
  • South Africa
  • Egypt
  • Others