LONDON, Nov. 21, 2016 /PRNewswire/ -- This report provides an up-to-date analysis of recent developments and current trends in the global hydrophobic coatings market. It includes identifying significant drivers of revenue growth in specific categories of hydrophobic coatings. Forecast given for the period 2015-2020.
Use this report to:
Gain information on hydrophobic coatings, including types of coating technologies, coating properties, and their applications.
Understand the major market drivers of the global hydrophobic coatings industry, current trends, and the regional dynamics of the global hydrophobic coatings market.
Assess the increasing demand for various properties of hydrophobic coating and compatibility of coatings with various substrates.
Gain information through profiles of major vendors in the global hydrophobic coatings industry.
The global market for hydrophobic l coatings is expected to increase from $1.3 billion in 2015 to more than $1.8 billion in 2020, growing at a five-year compound annual growth rate (CAGR) of 6.4% from 2015 through 2020.
The market for anti-corrosion hydrophobic and superhydrophobic coatings is expected to increase from $328.5 million in 2015 to reach $453.7 million in 2020 at a CAGR of 6.7% from 2015 to 2020.
The market for anti-microbial hydrophobic and superhydrophobic coatings is expected to increase from $271.1 million in 2015 to reach $388.1 million in 2020 at a CAGR of 7.4% from 2015 to 2020.
Recently, the global hydrophobic coatings market has grown at a steady pace, mainly because of the water-repellent properties of these materials. The global market will grow at a CAGR of 6.4% from 2015 to 2020, largely due to the advantageous properties of hydrophobic coatings such as self-cleaning, anti-fouling, de-icing, anti-microbial and anti-corrosion. Technological advancements in the hydrophobic coatings industry have resulted in increasing surface angle and increasing durability for hydrophobic coatings, which are expected to drive the market.
Hydrophobic coatings are widely used in the building and construction, automotive and aerospace industries. The building and construction industry includes both residential and commercial buildings, and the automotive sector includes windscreens and alloys.
To assess the market, hydrophobic coatings can be broadly divided into four types based on the coating type: polysiloxanes, fluoroalkylsilanes, fluoropolymer and other coatings. Polysiloxane coatings are widely used in building and construction applications as well as automotive, marine and aerospace applications.
Fluoroalkylsilanes are mainly used in the building and construction industry, and fluoropolymers are widely used in the automotive sector.
Hydrophobic coatings can also be segmented depending on the technology used to coat substrates. These primarily include chemical vapor deposition (CVD), phase separation, the sol-gel process, electrospinning and etching. CVD technology is widely used in the construction and automotive sectors, and etching technology is widely used in the construction, automotive and aerospace sectors.
Hydrophobic coatings can also be broadly divided according to the properties exhibited by the coating: self-cleaning, anti-fouling, de-icing, anti-microbial, anti-corrosion and other properties. Anti-corrosion coatings are widely used in the automotive and construction sectors; anti-microbial coatings are used to coat medical devices; and self-cleaning coatings are used widely in the construction and automotive sectors.
Globally, the demand for hydrophobic coating is being driven by increasing demand for their application in the construction, automotive and aerospace industries. In addition, increasing demand for the various properties of hydrophobic coating and compatibility of coatings with various substrates are contributing to growth of the hydrophobic coatings market.
Growth of the global hydrophobic coatings market is primarily driven by the Asia-Pacific region. The Asia-Pacific region includes manufacturing hubs for the building and construction and automotive sectors, which is a major factor driving the market for hydrophobic coatings in this region.
This report also highlights the vendor landscape, with a focus on major companies for which detailed profiles are provided.
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