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Thursday, 26 November 2020
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Markets & companies, Coatings market

Hydrophobic coatings market size worth over EUR 1,75 billion by 2024

Thursday, 1 November 2018

According to a new research report by Global Market Insights, the hydrophobic coatings market size is set to surpass EUR 1.75 billion by 2024.

A new market report analyses the hydrophobic coatings market size. Source: K.-U. Häßler – stock.adobe.com.

A new market report analyses the hydrophobic coatings market size. Source: K.-U. Häßler – stock.adobe.com.

Increasing development of water-repellent materials has recently attracted a lot of attention due to wide range of applications that these surfaces offer hence, expecting favorable hydrophobic coatings market growth. Self-cleaning surfaces, stain resistant textiles or anti-icing coatings, anti-fouling materials, are just some examples that show the potential of these materials. Additionally, the development of paints and coatings for outdoor use will further propel product demand.

Growing regional market in China

China fluoropolymer based hydrophobic coatings market size is expected to surpass EUR 96.2 million in the projected timeframe owing to increasing electronic regional market. It is resistant to acids, solvents and friction. Increasing consumer preference towards high quality electronic products along with rising investment in Coatings industry braced by implementation of sustainable techniques will have a positive impact on market growth.

High demand from the aerospace industry

Hydrophobic coatings market size from aerospace application may witness significant gains up to 5% by 2024. The product would be applied to whole surface of plane and could help prevent buildup of ice deposits. The ice-building up on the exteriors of aerospace machines owing to flying higher altitudes and encountering supercooled water when flying through low-lying clouds could cause substantial problems, including drag and lift specially, accumulations of ice could result in severe transportation problem owing to imbalances of aircrafts under a high speed.

Demand for hydrophobic coatings based on titanium dioxide in the USA

U.S. titanium dioxide based hydrophobic coatings market size is anticipated to exceed EUR 17.5 million in the projected timeframe owing to anti-smudging and easy-to-clean properties. They are very effective for developing durable and mechanically stable Coatings that can also serve as a barrier.  It has extensive usage in cements, paints, window glasses & textiles application which will contribute towards regional product demand.

Increasing use of hydrophobic coatings for textiles

Hydrophobic coatings market size from anti-microbial property may witness significant gains up to 4% by 2024. Antibacterial and water-repellent Coatings on textile surfaces are being increasingly utilised as they are healthier and more comfortable on garments in daily life. Manufacturers are using sol gel techniques which have recently attracted a wide attention to develop innovative high value-added products.

The market report is available via the website of Global Market Insights.

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