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The global hydrophobic coatings market is estimated to grow majorly on account of the increased demand and production of automobiles. Around 80 million automobiles were produced worldwide in 2021, representing a 1% increase over 2020. Moreover, the number of automobiles produced in the United States is predicted to exceed 15 million in 2023, a 1 million vehicle increase. Furthermore, retail sales of new cars are forecast to grow 4% year on year to over 1 million in December.
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