April 16, 2024
Hydrophobic Coatings Market

Hydrophobic Coatings Market Is Expected To Be Flourished By Growing Demand From Construction Industry

Hydrophobic coatings, also known as water-repellent coatings, are special types of surface treatments applied to materials to modify their properties and prevent absorption or retention of water. They are commonly used as protective coatings for construction materials such as roofing, walls, and exterior sidings to make building envelopes water-resistant. Hydrophobic coatings offer self-cleaning capabilities, corrosion resistance, and extended lifespan of materials by reducing water absorption and damage. Nano-structured hydrophobic materials that mimic the water-repellent properties of lotus leaves are gaining popularity in construction applications.

The global Hydrophobic Coatings Market is estimated to be valued at US$ 1.2 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

The growing demand from the construction industry is expected to be a major driver for the global hydrophobic coatings market over the forecast period. Hydrophobic coatings are widely used on exterior construction surfaces such as concrete, metal, wood, and masonry due to their self-cleaning and water-repellent properties. They protect building envelopes from damage caused by water ingress, thereby reducing maintenance costs. Increasing infrastructure development activities around the world are boosting the adoption of these coatings.

Moreover, the advancement of nano-enabled superhydrophobic coatings with higher repellency, longevity and self-healing is further fueling the market growth. These next-gen coatings mimic the characteristics of lotus leaves and are gaining traction in applications like roofing, wall cladding, and decking. Their superior water resistance promotes energy efficiency in buildings by reducing water collection on surfaces.

Segment Analysis

The global hydrophobic coatings market is dominated by the automotive segment, which accounts for over 30% share. Hydrophobic coatings are widely used in automotive applications such as exterior body paint, wheel rims, windshields, and other exterior automotive parts to protect from environmental factors such as water, dust, grease, and others. The automotive segment is dominating the market due to growing automotive production and demand for easy to clean and protected automotive surfaces.

PEST Analysis

Political: There are no significant political factors impacting the hydrophobic coatings market.
Economic: The growth of end-use industries such as automotive, aerospace, construction is driving the economic growth of the hydrophobic coatings market. Developing economies are witnessing higher infrastructure development which is positively impacting the market.
Social: The increasing consumer preference for easy-to-clean and self-cleaning surfaces is a major social factor driving the adoption of hydrophobic coatings in various applications. People prefer surfaces that do not require regular washing.
Technological: Advances in coating technologies have enabled the development of highly effective hydrophobic coatings. Nano- and micro-structured coatings provide improved hydrophobicity. Self-healing and anti-contamination coatings technologies are gaining traction.

Key Takeaways

The global Hydrophobic Coatings Market Demand is expected to witness high growth over the forecast period driven by increasing applications in the automotive, building and construction, and aerospace industries. The global hydrophobic coatings market is estimated to be valued at US$ 1.2 Mn  in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.

Regional analysis
The Asia Pacific region accounts for around 35% of the overall hydrophobic coatings market share and is expected to grow at over 12% CAGR during the forecast period. Countries such as China, India, Japan, and South Korea are major consumers and producers in the region. This high growth can be attributed to increasing automotive production, rising building & construction spending, and the flourishing electronics industry.

Key players
Key players operating in the hydrophobic coatings market include 3M, Aculon, Accucoat Inc, NEI Corporation, Oerlikon Metco Inc, DryWired LLC, Nanex Company, P2i, and Lotus Leaf Coatings. 3M is a leading player focusing on innovative nano-structured superhydrophobic coatings. NEI Corporation offers fluoropolymer-based hard coatings. Oerlikon Metco Inc supplies thermal spray coatings for hydrophobic applications.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it