Hydrophobic Coating Market Revenue and Value Chain Analysis by 2024

The demand for hydrophobic coatings is expected to grow on account of the increasing utilization in various application industries including automotive and construction. The growing emphasis on infrastructure development coupled rising standard of living in developing economies is expected to have a positive impact on the automotive and construction industry growth. As a result, the demand for the compounds is expected to witness significant growth over the next nine years.

The Hydrophobic Coatings Market is projected to reach USD 2.33 billion by 2025, according to a new report by Grand View Research, Inc.

The increasing investment in research & development by key players in the market to enhance the product characteristics is expected to be a key strategy in increasing their market share. However, high cost of the technology attributed to the product is expected to restrain growth over the forecast period.

Anti-corrosion hydrophobic coatings accounted for over 24% of the revenue share in 2015. The increasing utilization in automotive, construction, medical and aerospace industry is expected to drive the market over the forecast period. Growing use of the product in automotive industry in coating the exterior metal and the glass components is expected to have a positive impact on growth.

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Antifouling coatings demand in the market was valued at USD 146 million in 2015. These coatings are expected to gain share on account of the extensive utilization in the marine industry. These compounds are used on the exterior hull of the ship to reduce the impact of aquatic vegetation which affects the longevity of the ship.

Top Players of Hydrophobic Coating Market:

Key players include BASF SE, Aculon Inc., 3M, AkzoNobel N.V., and Accucoat Inc. BASF SE.

Market Segmentation of Hydrophobic Coating Market:

The Global Hydrophobic Coating Market segmented on the basis of Property and Application.

By Property:

    Anti-microbial
    Anti-icing/wetting
    Anti-fouling
    Anti-corrosion
    Self-cleaning

By Application:

    Aerospace
    Automotive
    Construction
    Medical
    Optical

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