Superhydrophobic Coating Market - Strategic recommendations, Trends, Segmentation, Use case Analysis, Competitive Intelligence, Global and Regional Forecast to 2027
Market Segmentation
The global superhydrophobic coating market has been
segmented by raw material, property, end-use industry, and region.
Based on raw material, the market has been segmented
into carbon nanotubes, silica nanoparticles, graphene, and others. The carbon
nanotubes segment is expected to continue its dominance of the Superhydrophobic
Coating Market as the product is lightweight and hollow and offers unique
mechanical, electrical, and thermal properties.
Silica nanoparticles are likely to remain the most
economically viable raw material on account of their low cost and wide availability.
Silica nanoparticles have conventionally been the most favored raw material,
although the development of more sustainable materials has led to a decline in
the market share
Based on property, the market has been segmented
into anti-microbial, non-wetting, anti-corrosion, and others. The
anti-microbial segment is expected to be the largest due to the increasing use
of these coatings in the healthcare sector on account of their water
resistance, impermeability, safety, and biocompatibility.
Based on end-use industry, the market has been
classified as electrical and electronics, transportation and allied logistics,
medical and healthcare, optical, construction and building, textiles and
leather, and others. The medical and healthcare segment accounted for the
largest market share in 2017 owing to the increased demand for anti-microbial
superhydrophobic surfaces in the medical & healthcare, as they are water
resistant, impermeable, safe, and biocompatible. The segment is also expected
to be the fastest-growing superhydrophobic coating market, by end-use industry.
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Regional Analysis
Based on region, the superhydrophobic coating market
has been segregated into North America, Europe, Asia-Pacific, Latin America,
and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the
superhydrophobic coating market due to rising demand for the product in major
end-use industries such as automotive, electrical and electronics, and medical
and healthcare.
North America is expected to be the
second-largest Superhydrophobic Coating Market due to the increasing demand for electronic gadgets.
Additionally, the established apparel and textile industry with changing
fashion trends and high per capita income of consumers are driving market
growth. Europe is a prominent market for superhydrophobic coatings due to the
increasing demand for consumer electronics and digitalization.
The markets in Latin America and the Middle East
& Africa are likely to witness rising growth during the review period due
to the growth of major end-use industries in the regions.
Competitive Analysis
Some of the key players in the global
superhydrophobic coating market are P2i International Ltd (US), UltraTech
International Inc. (US), Lotus Leaf Inc. (Mexico), Rust-Oleum (US), NEI
Corporation (US), United Protective Technologies (US), Hydrobead (US), Aculon
(US), NeverWet (US), Advanced NanoTech Lab (India), and Excel Coatings (India).
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