Superhydrophobic Coatings Market 2020-COVID-19, Revenue, Status and Prominent Key Players to 2023
Market
Insights
Superhydrophobic Coatings, as the
name suggests are coatings which repel water. Made up by nanoscopic surface
layers in an effort to mimic natural superhydrophobic surfaces, these coatings
can be applied to glass, concrete, textiles, plastic, wood, and others while
offering benefits such as resistance to dirt, corrosion, and abrasions. Market
Research Future has released its latest report on superhydrophobic coatings
which reveals various essential market factors and key figures for the forecast
period of 2016 t0 2023.
With
applications across a variety of industries such as building &
construction, electronics & telecommunication, automotive, textiles &
leather, and medical & healthcare industries, the Superhydrophobic Coatings Market is
expected to grow significantly, as the demand in these end-user industries
increases. Superhydrophobic coatings have several benefits such as the ability
to extend product life and reduce or avoid water damage which indirectly
translates to cost-effectiveness. Moreover, their properties provide added
benefits of self-cleaning, anti-soiling and anti-fingerprint properties. As
such, the electronics industry is a vital driver of the superhydrophobic
coatings market due to the use of these coatings to protect sensitive
electronic components from water damage. Textiles are another key industry
where superhydrophobic coatings are in high demand as consumers are highly
attracted to the idea of clothing which does not stain easily and offers
weather resistance during wet climates.
Moreover,
the increased demand for superhydrophobic coatings is in response to the
technological advances and R&D activities being carried out for the
development of highly transparent coatings which provide optical clarity and
will likely lead to the proliferation of various applications in the next few
years.
Regional
Analysis
The
global market is divided into key regions which include North America, Latin
America, Europe, Asia Pacific and the Middle East and Africa. The Asia Pacific
accounts for the largest share of the global superhydrophobic coatings market
and is expected to witness the highest growth during the forecast period. The
region leads the global coatings market and has a truly significant electrical
and electronics industry which drives the demand for superhydrophobic coatings.
The region with its inclusion of China and India among others has established
itself as a manufacturing hub. Moreover, rapid construction in swiftly
urbanizing emerging economies are making extensive use of superhydrophobic
coatings for construction purposes.
North
America and Latin America are expected to witness increased market growth due
to the increased demand for consumer electronics and automotive in these
regions. North America is prominent region due to the presence of several
important market players and their significant investments in increasing market
opportunities. Moreover, Latin America has established itself as a key
manufacturer of automotive as major automotive players move manufacturing
plants to emerging economies to leverages lower costs.
Market
Segmentation
The
Global Superhydrophobic Coatings Market in MRFR's report has been segmented on
the basis of raw material, property, end user industry, and region. By raw
material, the market is segmented into graphene, carbon nanotubes, silica
nanoparticles, and others.
By
property, the market is divided into anti-corrosion, non-wetting,
anti-microbial, and others. By end-use industry, the market is segmented into
transportation & allied logistics, medical, electricals & electronics,
optical, construction, textiles and leather. Among these, the electronics
segment is expected to lead the market with the largest share due to the
requirement from the industry to offer cost effective electronics which are
durable, thus leading to increased use of superhydrophobic coatings for
protection of sensitive electrical components.
Key
Players
NeverWet,
Advanced NanoTech Lab, Hydrobead, Rust-Oleum, Excel Coatings, Lotus Leaf Inc.,
P2i International Ltd, United Protective Technologies, Aculon, NEI Corporation,
and UltraTech International Inc. are among the important market players of the
global superhydrophobic coatings market.
About
Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
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Research (CFR), and Market Research & Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
In
order to stay updated with technology and work process of the industry, MRFR
often plans & conducts meet with the industry experts and industrial visits
for its research analyst members.
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