The Global Hydrophobic Coatings Market is expected to reach USD 15.92 billion by 2025, from USD 9.98 billion in 2017 growing at a CAGR of 6.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Competitive Landscape:
The global hydrophobic coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hydrophobic coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global hydrophobic coatings market
- Analyze and forecast the hydrophobic coatings market on the basis of processes, derivative, and application
- Trends of key regional and country-level markets for processes, derivative, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Market Definition:
Hydrophobic Coatings are the ones that offers super hydrophobic surface which can impart multiple advantages to its coating surface and substrate on which they are applied. These coatings have various advantages such as they may include dirt retention, self-clean ability and higher moisture retention. The hydrophobic coatings are water repellent and hence they prevent corrosion. The major application of these coatings is in marine and automotive industry. Moreover these coatings are also largely used in medical devices and optics. According to an article published by International trade administration in the year 2016, the U.S. light vehicle production reached to almost over USD 12.00 million and the sales of light vehicle reached approximately USD 17.5 million. The use of hydrophobic coatings is majorly done in automobile as they prevent the corrosion of the vehicles which makes them highly popular among the end user. The key players in the global hydrophobic coatings market have done various developments such as product launch, expansion and acquisition to sustain the stiff competition in the global market.
Market Drivers:
- High growth in the medical device market
- Increasing adoption of hydrophobic coatings in several application segments such as building & construction and automotive verticals.
- Various R&D done by the key players
Market Restraint:
- Low Shelf Life
- High Cost
Segmentation:
- By Substrate
- By End User
- By Geography
Key Market Competitors:
The key players operating in the global hydrophobic coatings market are –
- Hydromer
- Abbott Laboratories Inc.
- Corning Inc.
- Harland Medical Systems Inc
- Surmodics Incorporated,
- Royal DSM,
- Biocoat, Inc,
- Aculon, Inc,
- Ast Products, Inc.,
- Advansource Biomaterials Corporation,
- Coatings2go,
- Surface Solutions Group, LLC,
- TST Engineered Coating Solutions,
- Surmodics, Inc., and many more.
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Key Questions Answered in Global Hydrophobic Coatings Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Hydrophobic Coatings Market in 2025?
What are the key factors driving, Analysis by Applications and Global Hydrophobic Coatings Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Hydrophobic Coatings Market?
What are Opportunities, Risk and Driving Force of Global Hydrophobic Coatings Market?
What are the opportunities and threats faced by the vendors in Global Hydrophobic Coatings Market?
What are the Global Hydrophobic Coatings Market opportunities, market risk and market overview of the Market?
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