The hydrophobic coating market is valued at USD 2,276.1 million in 2024, with the valuation set to peak at USD 3,849.6 million by 2034. Fast-paced industrialization and the widespread implementation of these coatings across various sectors have spurred growth. This growth is projected to maintain its momentum with a CAGR of 5.4% through 2034.
Hydrophobic coatings have gained immense popularity in recent years with the broadening of different sectors expecting permanent and effective solutions to stand intact for a longer time. Technological advancements in coatings evolve with formulations and properties to uplift their effectiveness and broaden their applications.
The electronic sector has marked rapid advancements and an incessant push for miniaturization and enhanced functionality. These facilitated the demand for protective shields for their components. Ever growing use of electronic gadgets has increased the demand for these products and facilities more advancement as protection and feasibility of product are prime concerns.
High-end research and huge investments in making more viable coats have generated bigger innovations and have gained immense traction in the present world. For example, BASF Coatings unveiled a cutting-edge research center for electrophoretic dip coating in Münster-Hiltrup, Germany.
The company aimed at enhancing hydrophobic coatings. The priority was safety and efficiency, enabling the simulation of customer processes and paint systems. Many such practices aiming at developing innovative products have curated more presence of brands and products as well. Thus, the awareness of the benefits of it has made them grow globally.
High consumer preference for luxury leather goods owing to skyrocketing spendable incomes has boosted the expansion of the hydrophobic coating market. Luxury goods and cars require high protective coatings aids to protect them from outer elements.
Many medical and healthcare devices have an outer coating of these products as they serve as a barrier against airborne disease-causing droplets. Medical devices also need coatings to increase their life span and thus function precisely and give impressive results.
| Attributes | Description |
|---|---|
| Expected Global Hydrophobic Coating Market Size (2024E) | USD 2,276.1 million |
| Projected Global Hydrophobic Coating Market Value (2034F) | USD 3,849.6 million |
| Value-based CAGR (2024 to 2034) | 5.4% CAGR |
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Immense Growth of Construction Industry Covers Revenue
The ability of industrial coats to protect surfaces from external factors like harsh weather, corrosion, and scratches is the primary driver, making them popular. The construction industry often requires high-quality coats so as to protect buildings, bridges, and other structures from water damage and external elements.
These coats help in maintaining the structures and reducing the need for maintenance and repair. This is in making these coats cost-effective solutions for builders and contractors. Increasing demand for durable and long-lasting coatings in the construction industry enhances the growth trajectory of this industry.
Demand for Long-lasting Coats in Various Industries Proves Impetus
Hydrophobic coats are used in marine industry to protect boats, ships, and other marine vessels from barnacles. The ascending need for eco-friendly coats in the marine industry is envisioned to see massive growth.
Coatings used in electrical devices like smartphones, laptops, and tablets to protect them from water damage have created a new stage for development. The impetus of electronic devices worldwide has generated a huge demand for these products. Thus, expecting rapid expansion of these coatings.
The automotive and aerospace sectors have envisioned big share values in industrial coasts. Rapid production of luxury cars, bikes, public vehicles, and, most significantly, electrical vehicles has generated huge sales of these coats.
Industrialization across the globe has made coats a prime component, extending the shelf stability of machines and devices. One example is the development of super-hydrophobic coatings for stainless steel by scientists in India in 2021 at the International Advanced Research Centre for Powder Metallurgy & New Materials (ARCI). They designed products to implement in marine, mechanical, electronic components, piping, power, and nuclear industries.
Roadblocks in Industry Growth
The high cost of application and the possibility of damage during implementation pose huge hurdles in the development of these coatings. Availability of inexpensive counterfeit products in the domestic marketplaces also creates challenges for industry players.
The global hydrophobic coating market registered a CAGR of 3.8% from 2019 to 2023, forecasting the adoption and onset of this sector. In the past, consumers were unaware of the introduction of this industrial coat.
They preferred products that had temporary effects and were low-budget investments. However, the change in consumer preferences, rising living standards, and nationwide industrialization have altered the scene of this sector.
Consumers are most inclined towards premium products, seeking long-lasting, effective solutions for their products. Adoption of modern lifestyle, high demand for vehicles, big infrastructures, and transportation, every other thing has curated mass demand for industrial coatings.
Emerging nations like India, Thailand, Canada, and others have enhanced their automobile and construction industries to newer heights. This expansion has surged the need for premium coats, ensuring luxury feels and lasting effects.
The rapid expansion of end-user businesses in various regions like medical, aerospace, and aviation compared to the past has generated significant revenue in this sector. With an estimated CAGR of 5.4% from 2024 to 2034, development is expected to occur at a faster pace.
These expansions are projected to be supported by government initiatives, the introduction of new automobile sectors, sustainability projects, and the development of the transportation sector. North America and Europe hold about fifty percent of the share in the hydrophobic coating sector.
Principal Consultant
The section describes the future prospects and opportunities for competitive markets in the global coating sector. The growth rates of the waterproof coating and the antimicrobial nanocoating, along with their ongoing trends and challenges, have been mentioned below. Based on these analytics, it can be predicted that the industrial coating industry is very likely to surpass the other two in the coming decade.
Water Proof Coating Industry Assessment:
Adoption of nanotechnology has been a prominent and technologically advanced feature in the waterproof coating. Manufacturing industry has adopted waterproofing materials.
The use of pre-formed membranes like sheet-based waterproofing is now used in construction projects as primers and adhesives. Asia Pacific accounts for the principal share in terms of demand for waterproof coatings. Europe and North America have also scaled with growing infrastructure activities.
| Attributes | Description |
|---|---|
| Related Market | Water Proof Coating Market |
| CAGR (2024 to 2034) | 4% |
| Growth Factor | Growth in construction activities, interior as well as exterior applications have triggered demand |
| Key Challenge | Health hazards associated with the use of coated products are restraining growth |
Antimicrobial Nanocoating Industry Assessment:
Manufacturers in the automotive, building and construction, medical and healthcare, and food and beverages industries are likely to find a wide variety of applications for antimicrobial nanocoatings to create sterile environments. Growth potential in this sector exists in emerging economies like India, China, and others owing to rapid growth in the industrial sector.
Antimicrobial nanocoatings are used in life sciences and healthcare industries, pushing the development of medical catheters. Toxicity of advanced molding compounds caused due to metallic nanoparticles may raise concerns for human health and the environment.
| Attributes | Description |
|---|---|
| Related Market | Antimicrobial Nanocoating Market |
| CAGR (2024 to 2034) | 20.3% |
| Growth Factor | Regulatory support and guidelines promoting the use of antimicrobial coatings in healthcare settings |
| Key Challenge | Cost implications associated with the production and application of advanced antimicrobial nanocoatings |
Growing requirements from construction and space industries for durable and long coating have spurred the market growth. Anti-corrosion hydrophobic coating has become popular, with a projected share of 31.8% for 2024, as it can be applied to varied sectors.
With the use of these coatings, the amount of time and money spent on vehicle maintenance is compensated, resulting in high demand. Thus the share of the automotive sector in the hydrophobic coating industry has reflected an impressive number of 35.7% for 2024.
Anti-corrosion properties of hydrophobic coating have made it a top choice for various industries worldwide. Its usage has increased significantly due to its ability to protect car surfaces from corrosion and scratches. It is also used in protection caused by harsh weather conditions and environmental factors.
| Segment | Anti-corrosion (Property Type) |
|---|---|
| Value Share (2024) | 31.8% |
Ability of hydrophobic coatings to prevent the accumulation of water and other liquids has sped up their presence among consumers. Marine and electronic sectors have immense demand for these products.
Plus, growing awareness of the adverse effects of corrosion on industrial equipment and infrastructure has augmented its sales. Thus, manufacturers are investing in producing products that fit the needs of varied industries.
High demand for protective coatings to prevent damage to vehicle exteriors has proven decisive sales. Shift towards electrical vehicles has also soared the industry development. Thus automotive industry continues to see nascent growth driven by long-lasting coatings requirements.
| Segment | Automotive (Application) |
|---|---|
| Value Share (2024) | 35.7% |
Rise in luxury and sports cars is a prominent component in raising funds in this sector. Customers are opting for premium products that secure their high-end cars from external elements and preserve value.
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The section discusses the growth prospects of the hydrophobic coating market in India, China, Spain, Canada, and the United States. The growth rates for each are mentioned below. It can be inferred that Asian countries are performing very well, while North American and European countries are also experiencing steady growth.
| Countries | CAGR 2024 to 2034 |
|---|---|
| India | 8% |
| China | 6% |
| Spain | 4% |
| Canada | 3.3% |
| United States | 3% |
Development of pharmaceutical and medical infrastructure is generating lucrative opportunities for the expansion of the hydrophobic coating market in India. Healthcare upliftments and investing in making medical structures more advanced and updated in every way have added to the need for tools like hydrophobic coatings.
These products are used in medical instruments, surgical tools, and devices to keep them long-lasting and extend their lives. Factors including wear resistance and contamination have driven the market as well. India is likely to report a CAGR of 8% through 2034 in the hydrophobic coating market.
Introduction of EV vehicles and many projects on transportation in India has accelerated the sales of these products. Government initiatives and FDI have upsurge in automotive and OEM production, mounting investments from international companies. This has radiated the expansion of this sector with more entrants for various industries.
Production of electrical vehicles has boosted to triples in the last few years. With the rising number of vehicles and increasing production units, the requirement for coatings spurs. China holds a prominent position in the automotive and aviation sectors. These define the need for hydrophobic coating in China.
Thus, China expects to become a significant player in meeting the substantial demand for this product. China’s hydrophobic coating market is evaluated to register a CAGR of 6% from 2024 to 2034, owing to its growth in the industrial sector.
China is leading the development due to the production of polysiloxane products with high-quality raw materials. Population has acted as a key driver here as demand for commercial and passenger vehicles expands. Thus curating the growing prospects of these coatings.
The United States is projected to showcase a CAGR of 3% from 2024 to 2034 in the hydrophobic coating market. Owing to its ease of application on textile, wood, glass, metal, plastic, concrete, and mineral undercoats, the product is seen to flow fast in the United States.
Presence of top industry players like PPG Industries, 3M Company, NeverWet, and NEI, mergers, and expansion through distribution networks have soared the sectoral value. For example, NeverWet introduced a NeverWet rain repellant that significantly improves driving visibility during wet conditions.
This innovation helped the company to expand in the automotive and residential glass business. Enhancing product portfolio and marking exceptional innovation has placed the United States on an upward trajectory in the foreseeable future.
The hydrophobic coating market is very competitive and fast-growing, as construction and transportation are the bases for development. Manufacturers are launching sustainable products and merging with big companies to broaden their product lines. Key companies are expanding to commercial as well as residential sectors.
Industry Updates
The sector is divided into anti-microbial, anti-icing/wetting, anti-fouling, anti-corrosion, self-cleaning, and others based on property types.
Hydrophobic coating find application in the aerospace, automotive, construction, medical, optical, and other industries.
A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.
Industry is set to reach USD 2,276.1 million in 2024.
Hydrophobic Coating market valuation is expected to exceed USD 3,849.6 million by 2034.
The industry is set to register a CAGR of 5.4% through 2034.
Automotive, with a market share of 35.7% for 2024, is the top application.
India is expected to progress at a CAGR of 8% through 2034.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Property 6.2. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Property 7.1. Anti-Microbial 7.2. Anti-Icing/Wetting 7.3. Anti-Fouling 7.4. Anti-Corrosion 7.5. Self-Cleaning 7.6. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Aerospace 8.2. Automotive 8.3. Construction 8.4. Medical 8.5. Optical 8.6. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. South Asia 9.5. East Asia 9.6. Eastern Europe 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Property and Application for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. 3M 19.2. BASF SE 19.3. PPG Industries UK Ltd 19.4. Nippon Paint Holdings Co., Ltd. 19.5. NeverWet LLC. 19.6. NEI Corporation 19.7. Cytonix 19.8. Abrisa Technologies 19.9. Akzo Nobel 19.10. Surfactis Technologies
Chemicals & Materials
February 2022
REP-GB-342
November 2022
248 pages
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Hydrophobic Coating Market
