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Hydrophobic Coatings Market 2019-2024; Growth Forecast & Industry Share Report

Author : Rahul Varpe | Published Date : 2019-07-15 

Strong demand outlook for hydrophobic coatings market in aerospace, automotive, construction and oil & gas industries should propel product demand. High consumer awareness and inclination towards bio-based products due to their low toxicity, environment friendly & biodegradability should drive market growth.

Growing preference for water proof coatings which can be easily applied on different substrates including glass, metals, leather, ceramics, and polymer would drive hydrophobic coatings market growth. They provide resistance to scratch, abrasion, corrosion and are dirt repellant. They are versatile and utilized for multiple purposes.

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Hydrophobic Coatings Market may surpass USD 2 billion by 2024; according to a new research report.

Stringent environmental regulations by various agencies including EU and FDA affecting utilization of fluorochemicals are expected to hamper industry growth due to high toxicity levels of these products. High cost of these products & its incapability to endure environmental pressure and rough climate would affect hydrophobic coatings market price trend.

Hydrophobic coatings market from optical application will exceed USD 65 million in projected timeframe. They optimize lens performance regarding its strength & ease of cleaning, transparency, reducing lens care time, and increasing visual comfort. It comprises of a hardening layer that intensifies resistance of lens to wear and tear over time through protecting it from agents such as dirt and scratches that would damage lens hence propelling the market growth.

Hydrophobic coatings market from textile substrate may observe significant gains up to 5.5% by 2024 owing to its easy to cleanability. The product imparts many functional properties including antibacterial, gas barrier, UV resistance, abrasion resistance, and flame retardancy. The product being biodegradable in nature would drive the market demand further in end-use industries.

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Hydrophobic coatings market from anti-icing property is anticipated to surpass USD 590 million in the projected timeframe. Ice accumulation on aircraft surface affects a several communication & sensing equipment, making pilot misapprehend the flight speed, and weather conditions. Accumulation of ice on aircraft is a probable threat to aviation security, thus restricting development of industry and seriously affecting human life. By applying the coating to surface of aircraft, it could help prevent buildup of ice deposits, hence boosting market growth.

Germany fluoropolymer market size from automotive application is anticipated to exceed USD 30 million by 2024 owing to presence of numerous regional automotive and OEM manufacturers. Research and development initiatives by various manufacturers and expansion in product portfolio will enhance its industry growth. Rising per capita income along with government support for bio-based manufacturing industry should further strengthen regional industry growth.

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Global hydrophobic coating market share is highly competitive and moderately fragmented with major industry players includes 3M, Drywired, NeverWet, Nippon Paint, PPG, NEI Corporation, Abrisa Technologies, AkzoNovel, Aculon, Advanced Industrial and Prelco.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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