Increased Automotive Industry Demand and Increasingly Growing Demand In The Textile Industry Is Driving The Demand For The Superhydrophobic Coatings Market.
The Global Superhydrophobic Coatings Market is anticipated to reach USD 13.0 million by 2027, according to a new report by Reports and Data. One of the main issues driving the market for self-cleaning technology is the depletion of freshwater supplies. Superhydrophobic are entirely water-repellent, allowing dirt to slip off the surface at even minor elevation angles, making them suitable for solar panels and similar applications.
Another main driver for market growth is the expansion of the consumer electronics industry in developing economies and the resulting increase in demand for durable products with full waterproofing properties. These are also primarily used by leather and nonwoven textiles to provide customer comfort, thus eradicating the washing cycles.
In addition, major industries such as textiles and footwear are aggressively promoting and investing in superhydrophobic coatings to provide lasting waterproof properties. This, in effect, has made their products less susceptible to exposure to the moisture and subsequent corrosion degradation. In addition, the increasing need for self-cleaning technologies, particularly in the solar energy sector, to impart greater energy efficiency to panels over the forecast period is likely to be a major driving force in this area.
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Top Companies: P2i International Ltd, Lotus Leaf Inc., UltraTech International Inc., NEI Corporation, Hydrobead, NTT Advanced Technology, Aculon, United Protec, Pearl Nano, and DryWired, among.
Key Companies in the market include:
Growing demand for fully water-repellent technologies drives the growth of the consumer electronics and textile industries.
Developments in the field of nanotechnology build durable coatings with greater resistance to corrosion under durability, which in effect boosts their demand in industrial applications.
Carbon nanotubes were used as the leading raw materials and accounted for the bulk of the total volume. Lightweight properties, high tolerance to changes in temperature, and technical flexibility have driven growth in the segment in recent years.
Gel-based silica is likely to be experiencing substantial growth due to its economic viability and processability, owing to the high demand for waterproof consumer electronics, printed circuit boards, solar panels, flexible other electronics, Gel-based silica was highly impregnated in the electrical electronics industries.
The market is expected to increase in a strong CAGR between 2019 and 2027 in the medical healthcare sector. The coatings make all touch surfaces extremely water-resistant, thereby reducing the risk of contamination or pathogenic agents.
In recent years, every major player in the industry has made heavy investments in RD programs, which have helped to create many innovative products. Big companies aim to broaden their product range through fusions with small and medium-sized firms. Over the coming years, there is also an intense rivalry between the clubs.
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Market Segmentation:
Property Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Anti-Microbial
- Anti-Icing/Wetting
- Anti-Corrosion
- Others
Raw Material Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Carbon Nanotubes
- Silica Nanoparticles
- Graphene
- Others
End-Use Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Electrical Electronics
- Transportation Allied Logistics
- Medical
- Optical
- Textiles Leather
- Construction
- Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Superhydrophobic Coatings market report:
- What is the expected market size of the global Superhydrophobic Coatings market during the forecast period?
- What factors are expected to hamper global Superhydrophobic Coatings market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Superhydrophobic Coatings market?
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