Superhydrophobic Coating Market Size, Share, Trends, Growth 2032

Superhydrophobic Coating Market Insights

Zion Market Research has published a report on the global Superhydrophobic Coating Market, estimating its value at USD 31.13 Million in 2023, with projections indicating that it will reach USD 255.26 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 26.34% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Superhydrophobic Coating Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Superhydrophobic Coating Market: Overview

The term Superhydrophobic coating refers to the thin layer that repels water. The droplets which hit the surface of these coatings rebounds fully. These are used in the ultra-dry surface applications. The idea came from the nature itself as there are few insects and plants which have the hydrophobic property. For example, hydrophobic coatings can be found on Lotus leaves and few insects which makes them water repellent. Humans grabbed the idea and formed the superhydrophobic coatings which can broadly be divided into two types: a) Durable water repellent- which is used for fabric in order to protect them from water and b) Rain repellent- which is used in cars windshield to make them repel water during rain in order to increase the visibility.

Superhydrophobic Coating Market: COVID-19 Impact Analysis

Superhydrophobic coating market is undergoing lots of challenges due to COVID outbreak. The textile and footwear industry dominated the market due to the increasing demand for advanced textile and high-end footwear. In spite the COVID impact, the industry showed an opportunistic market in wearable electronics including wrist bands, smart watches and many more whose sales and utilization increased over the years. During past decade organizations are striving towards self-cleaning textiles which are much better repellents of dirt and water than the conventional fabric.

Superhydrophobic Coating Market: Growth Factors

Superhydrophobic coatings are extensively used in the Electrical and Electronics industry which is one of the major growth factors. The biggest foe to the electronics equipment is water and these coatings helps in repelling water. Millions of electronics components like smart phones, TVs, radios etc. are damaged due to the contact with water. There is a significant rise in demand of wearable electronics which needs to be water repellent in order to succeed. So, there in unforeseen demand of these superhydrophobic coatings over the years and some electronics manufacturers like Apple, Titan, OnePlus, FastTrack are already in transit of using the technology which led to the growth of the material exponentially.

Other growth factor is ever growing demand in Automobile sector. The superhydrophobic coating is super water repellent with super scratch and abrasion resistant which makes this nano material special. These coatings provide protection and give a glossy look to the windows which makes it most beneficial for the Automobile Industry.

Another growth factor is the growing demand in the Textile Industry. Due to the repellent property the usage of these nano coatings has endless advantages over the normal textile. These coatings have the potential to save the energy and water and the chemicals which are used in the manufacturing of cleaning agents. With the reduced usage of chemicals, textiles are long lasting with better shining and durability.

Superhydrophobic Coating Market: Product Segment Analysis Preview

The use of Anti-corrosion Superhydrophobic Coatings have increased over the years. This is attributable to the fact that the addition of functionalized fullerene C60 and graphene to epoxy composite coatings improved the anti-corrosion properties. Customer needs their products to be anti-corrosive and the industries grabbed this and made the use of the technology. Anti-icing, Self-cleaning, Anti-wetting, and others form the product type segment.

Superhydrophobic Coating Market: End-User Segment Analysis Preview

The textile and footwear segment holds a share of 62.7% in 2020. This is attributable to the fact that customers are shifting from traditional textile towards the water resistant as hydrophobic textile is less prone to less moisture and degradation from subsequent corrosion. The shoe user needs their shoes to be cleaned in a single wash rather giving hours cleaning a pair of shoes. This has surged the superhydrophobic coating market to move up. Automotive, Building and Construction, and Upcoming End-user Industries such as Aerospace, Healthcare, Optical, and others form the end user type segment.

Superhydrophobic Coating Market: Report Scope

Superhydrophobic Coating Market: Regional Analysis Preview

The North American region held a share of 37.56% in 2020. This is attributable to the investment in R&D of Superhydrophobic coatings and nano particles. For instance, Aculon which is a major player has doubled the laboratory size for the research and production of the superhydrophobic coatings. Rise in the regional players and the customer paradigm shift towards the superhydrophobic coatings.

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The Asia Pacific region is projected to grow at a CAGR of 10.2% over the forecast period. This surge is due to the availability of the inexpensive raw material at optimum quality, expanding electronics industry and proliferating human resource. Also, the growing consumer awareness regarding the coatings in various sectors such as textiles, automobile, aerospace is another factor driving the industry.

Key Market Players & Competitive Landscape

Some of key players in superhydrophobic coating market are

• Aculon, Inc
• Exceletech Coating and Applications
• P2i Limited
• Rust-Oleum Corp
• Lotus Leaf Coatings Inc
• Advanced NanoTech Lab (ANT Lab)
• NEI Corporation
• NeverWet LLC
• UltraTech International Inc
• United Protective Technologies

Market players are adopting the technologies such as mergers, partnerships, mergers and acquisition along with regional expansion in order to become the leader of the industry. These companies are also focusing towards the R&D process to improve their market presence and come up with better solution and technology. For example- In 2019, Tesla the largest producers of Electric cars across the globe recommended to use the Oleum NewerWet Spray on the front windows in order to prevent from ice. In 2018, to meet rising demand P2i Limited introduced high-speed Splash-proof X, an advanced nano-coating technology. Splash-proof X coats smartphones, headsets, and a variety of IoT devices with liquid-resistant nano-coatings.

The global superhydrophobic coating market is segmented as follows:

By Product

• Anti-corrosion
• Anti-icing
• Anti-cleaning
• Anti- wetting

By End User

• Textile and Footwear
•  Automotive
• Building and Construction
• Upcoming End-user Industries
  • Aerospace
  • Healthcare
  • Optical
  • Electrical and Electronics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa