Hydrophobic Coatings Market Market Size, Status and ForecastPosted by pooja on June 5th, 2019 Global Hydrophobic Coatings Market Report, published by Allied Market Research, forecasts that the global market is expected to garner ,471 million by 2022, registering a CAGR of 6.2% during the period 2016-2022. Building & Construction application segment is expected to remain the highest revenue-generating segment throughout the forecast period. Asia-Pacific held the leading position in the global hydrophobic coatings market in 2015, and is expected to maintain its lead throughout the study period. Hydrophobic coatings can be easily applied over any substrate such as glass, metal, wood, and plastic irrespective of its composition and can also be applied to complex geometries. These coatings in building & construction application segment holds the largest share in 2015 and this segment is expected to maintain its lead throughout the forecast period. The market in building & construction application segment is driven by rise in modernization and improved standards of living. The demand for hydrophobic coatings has increased owing to its exceptional properties such as resistant to water, corrosion, and abrasion; stable against bio-fouling, inorganic, and organic pollutants, and ability of self-cleanliness. The market has witnessed substantial growth during the past few years and is expected to grow at a CAGR of 6.2%, in terms of value. These coatings can be applied to any substrate, which increases their adoption over other coatings in several applications such as building & construction, automotive, aerospace, marine, and others. However, long-term maintenance instability is the major hindrance for market growth. In the year 2015, building & construction was dominant, in terms of value, occupying 25% market share. Hydrophobic coatings also protect the building against aggressive environmental agents such as freeze/thaw attack, and provides resistance from corrosion and abrasion, which increases their adoption, especially in the building & construction application. Hydrophobic coatings in automotive application segment occupied around one-firth share in 2015, in terms of value, in the global hydrophobic coatings market. Key Findings of theHydrophobic Coatings Market
Asia-Pacific accounted for the largest share in the global hydrophobic and superhydrophobic coatings market in 2015 and is expected to maintain its leading position. This is attributable to increase in building & construction and automotive segment and improvement in economy. China is the fastest growing country for the consumption of hydrophobic coatings, which is expected to continue this dominance. Recently, in April 2016, NEI Corporation launched a new anti-fog durable coating namely, NANOMYTE SAF-100, which provides resistance to oil, scratch, and corrosion. This product launch helped the company to expand its product portfolio and strengthen its market position. The prominent players profiled include 3M, BASF SE, Abrisa Technologies, Aculon, NEI Corporation, P2I, DuPont, DryWired, Accucoat Inc., Nanex Company, and Oerlikon Metco Inc. Access Full Summery @https://www.alliedmarketresearch.com/hydrophobic-coatings-market About Us: Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm. Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446-114 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1⟨855⟩550-5975 Like it? Share it! More by this author |