Hydrophobic Coatings Market Share and Forecast Till 2030

1. Hydrophobic Coatings Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2030

2. The hydrophobic coatings market is slated to grow massively by 2030 owing to the expansion of the construction industry, especially across the Asia Pacific region. In addition, widespread uptake by medical device companies, along with the surging geriatric population, is likely to further propel market growth over the forecast period. • The COVID-19 pandemic positively impacted the demand for hydrophobic coatings in various end-use sectors, particularly in the medical equipment industry. Moreover, rising disposable income of consumers in North America bolstered automobile sales around the globe. According to European Automobile Manufacturers' Association, in 2021, around 9.9 million units of automobiles were built, out of which 82% were passenger cars. These factors boosted the utilization of hydrophobic coatings. • Moreover, major companies are engaging in product innovation, strategic acquisitions, and collaborations to strengthen their business standing, thereby enhancing overall market growth. For instance, in June 2022, 3M, a leading manufacturer operating in healthcare, worker safety, and other industries, launched 3M-Specified Water Repellent Griege Yarn, which can be used for making water-repellent activewear. • The hydrophobic coatings market has been bifurcated in terms of product, substrate, property, application, and region.

3. Based on product, the industry has been classified into polysiloxanes, fluoropolymers, fluoro-alkylsilanes, titanium dioxide, and others. The titanium dioxide segment is set to grow at over 5% CAGR through the study timeline. Beneficial properties of titanium dioxide, such as corrosion resistance, water resistance, UV resistance, and chemical resistance, are expected to drive product demand in the architectural paints and coating industry. With respect to substrate, the hydrophobic coatings market has been categorized into glass, metal, concrete, polymer, ceramics, textile/leather, and others. Metal substrates find extensive usage in the automotive, manufacturing, construction, and transportation sectors, as well as consumer goods and appliances. Hydrophobic coatings protect metal against chemicals, water, extreme temperature, and harsh environments, which is foreseen to accelerate product adoption. The polysiloxanes hydrophobic coatings industry from the metal substrate segment is calculated to surpass $1.2 billion in revenue by 2030. On the basis of property, the hydrophobic coatings market has been divided into anti-icing/wetting, anti-microbial, antifouling, self-cleaning, anti-corrosion, and others. The polysiloxanes hydrophobic coatings industry from the anti-microbial property segment was worth more than $17 million in 2021 and is slated to expand at a solid pace through the assessment period. High consumer preference for cleanliness in various professional sectors, coupled with prevalent product usage in end-use industry verticals, such as medical & healthcare, transportation, protective clothing, and food & beverage, is poised to push segmental expansion.

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