Superhydrophobic Coatings Market 2019 Opportunity, Growth Analysis Forecast 2023

14/gen/2019 12:06:00 Market Research Future Contatta l'autore

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Market Overview

The growth of the Global Superhydrophobic Coating Market is driven by rapid adoption in the electronics industry as they protect sensitive electronic parts from water damage. Superhydrophobic Coatings extend product life and reduce the extent of water damage, resulting in cost savings. These coatings also provide anti-fingerprint, self-cleaning, and anti-soiling properties. With the increasing demand for gadgets across the globe, the use of Superhydrophobic Coatings is expected to grow during the forecast period.

The electrical and electronics segment is expected to be the fastest-growing end-use industry market during the forecast period, presenting lucrative opportunities to market players. The growing need for protective, dirt-resistant clothing in the military sector and self-cleaning apparel for daily use is likely to drive the demand for Superhydrophobic Coatings in the textiles and leather industry in both developed and developing regions.

Key Players

Some of the key players in the Global Superhydrophobic Coating Market are P2i International Ltd (US), UltraTech International Inc. (US), Lotus Leaf Inc. (Mexico), Rust-Oleum (US), NEI Corporation (US), United Protective Technologies (US), Hydrobead (US), Aculon (US), NeverWet (US), Advanced NanoTech Lab (India), and Excel Coatings (India).

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Segmentation

The Global Superhydrophobic Coating Market has been segmented by Raw Material, Property End-Use Industry, and Region.

Based on Raw Material, the market has been segmented into carbon nanotubes, silica nanoparticles, graphene, and others.

Based on Property, the market has been segmented into anti-microbial, non-wetting, anti-corrosion, and others.

Based on End-Use Industry, the Superhydrophobic Coating Market has been segregated into electricals and electronics, transportation and allied logistics, medical, optical, construction, and textiles and leather.

Based on Region, the market has been segregated into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Regional Analysis

Asia-Pacific accounted for the largest share of the Superhydrophobic Coating Market in 2018; the regional market is expected to register the highest CAGR during the forecast period due to the rapid growth of the electronics and construction industries in China, India, and several ASEAN countries.

North America is also a prominent market for Superhydrophobic Coatings owing to the presence of major market players with significant investments and economic recovery resulting in the increased demand for consumer electronics.

The European market is also expected to grow with the increasing consumption of Superhydrophobic Coatings in Germany and the UK during the forecast period.

The Latin American Superhydrophobic Coating Market is witnessing considerable growth with the rising demand for automobiles and electronics.

The market in the Middle East & Africa is also likely to grow during the review period due to rapid infrastructure development in the region.

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