New York, Sept. 11, 2019 (GLOBE NEWSWIRE) -- The development of automobile industries owing to the rise in demand for consumers and the growth in population is propelling the market growth.
The global hydrophobic coatings market is forecast to reach USD 2.21 Billion by 2026, according to a new report by Reports and Data. Hydrophobic Coatings are specialty chemicals that are used in the different industries for a variety of purposes such as coloring, finishing, and adding aesthetic values. Owing to the changing trends in coatings, the advent of coating helps in seeping into the market, and the fact that it is giving a visually aesthetic appeal is also a contributing factor. These coatings improve the shelf-life of products and also impart different values like self-healing and anti-microbial properties.
The market for Hydrophobic Coatings is influenced by the rising demand from the automotive industry. Along with automobile parts, the construction industry is also implementing hydrophobic coatings in making water-resistant concrete blocks for increasing the sustainability of these building materials. Water-repellant properties are being thoroughly imparted on the pipelines and medical equipment which may otherwise corrode due to prolonged exposure to moisture.
Unfavorable conditions on this market include the rising number of vendors. This poses a huge threat to the newer immigrants to the current seller scenario. The consumer power is rising as their choices can now easily vary from among the competing manufacturers. These situations improve over time as the industries focus more on the quality of the products.
The region of Asia Pacific has been shifting towards the young population, and the purchasing potential of this young population is also increasing. Most of the economically flourishing countries are looking at India and China as the global market. The increasing automobile, as well as construction industries, promote the market for hydrophobic coatings. They are constantly researched upon and developed to be made cheaper and of higher quality.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1844
Further key findings from the report suggest
- Polysiloxanes exhibited the highest market share of 32.6% in the year 2018. They are used in coating industrial equipment which is subjected to high weathering. Hydrophobic coatings prevent wear of these heavy machineries by protecting them against chemical aberrations, high temperature and extreme exposures to UV light.
- Glass substrate holds the highest CAGR of 5.5% in the forecast period. These surfaces become smudge resistant as well as water-resistant. Hence, they become easier to clean and repel oil, dirt, and dust; thus, propelling the demand for the product.
- Anti-fouling property is in high demand in the present scenario, which is exhibiting the second highest market share of 21.2% in the year 2018. These products adhere to solid surfaces like metals, plastics, and rocks and therefore exhibit excellent antifouling features, which would stimulate the market growth further.
- Asia Pacific is estimated to grow with the highest CAGR of 5.4% during the forecast period. Countries like India and Japan are rapidly catching up with the growth in the automobile as well as the construction industry. Increase in the demand for commercial as well as passenger vehicles is leading to new prospects for the development of the hydrophobic coatings market.
- Key participants BASF SE, 3M, Abrisa Technologies, Aculon, NEI Corporation, P2I, DuPont, DryWired, Accucoat Inc., and Nanex Company, among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hydrophobic-coatings-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented into the global Hydrophobic Coatings market on the basis of product type, property type, substrate type, end-users, and region:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Polysiloxanes
- Fluoro-Alkylsilanes
- Fluoropolymers
- Titanium Dioxide
Property Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Anti-Microbial
- Anti-Icing/Wetting
- Anti-fouling
- Anti-Corrosion
- Self-Cleaning
- Others
Substrate Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Metals
- Glass
- Ceramics
- Polymers
- Textile
- Others
End-Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Aerospace
- Automotive
- Construction
- Medical
- Optical
- Oil and Gas
- Others
Order Now: https://www.reportsanddata.com/checkout-form/1844
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
Browse more similar reports on Paints and Coatings category by Reports And Data
Ink Additives Market - https://www.reportsanddata.com/report-detail/ink-additives-market
Xylene Market - https://www.reportsanddata.com/report-detail/xylene-market
Flat Glass Coatings Market - https://www.reportsanddata.com/report-detail/flat-glass-coatings-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise