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 rev