Global Hydrophobic Coatings Market to See High CAGR Growth of 6.0 % by 2026Posted by swamiv on November 25th, 2019 Global Hydrophobic Coatings Market, By End User (Medical Devices, Optics, Automotive, Aerospace, Marine and Others) By Substrate (Polymers, Glass/Ceramics, Metals, Nanoparticles and Others) Market Analysis: Global Hydrophobic Coatings MarketThe Global Hydrophobic Coatings Market is expected to reach USD 15.92 billion by 2025, from USD 9.98 billion in 2017 growing at a CAGR of 6.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Inquiry Before Buying @ Market Definition: Global Hydrophobic Coatings MarketHydrophobic Coatings are the ones that offers super hydrophobic surface which can impart multiple advantages to its coating surface and substrate on which they are applied. These coatings have various advantages such as they may include dirt retention, self-clean ability and higher moisture retention. The hydrophobic coatings are water repellent and hence they prevent corrosion. The major application of these coatings is in marine and automotive industry. Moreover these coatings are also largely used in medical devices and optics. According to an article published by International trade administration in the year 2016, the U.S. light vehicle production reached to almost over USD 12.00 million and the sales of light vehicle reached approximately USD 17.5 million. The use of hydrophobic coatings is majorly done in automobile as they prevent the corrosion of the vehicles which makes them highly popular among the end user. The key players in the global hydrophobic coatings market have done various developments such as product launch, expansion and acquisition to sustain the stiff competition in the global market. Market Drivers:
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Segmentation: Global Hydrophobic Coatings MarketBy Substrate
By End User
Competitive Landscape: Global Hydrophobic Coatings MarketThe Global Hydrophobic Coatings Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hydrophobic coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. About Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Contact: Data Bridge Market Research Tel: +1-888-387-2818 Report Related Like it? Share it! More by this author |