Superhydrophobic Coating Market | Progression Status, Growth Strategies, Competitive Landscape and Forecast by 2022-2027

April 03, 2022

Overview:

The global report with details of the superhydrophobic coatings has growth possibilities that would record a 15.9% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) in their published report discussed several market dynamics and demographic challenges that would shape the global market report.

These factors are getting amply backed by demands set forward by segments like a garment, electrical & electronics, construction, optical, and others. In the electrical & electronics segment, the rising sale of gadgets has spurred a demand for waterproofing. Several underwater equipment are also gaining traction due to the growing demand for data collection from offshore and marine activities. These factors would inspire the intake of the superhydrophobic coatings. This industry is also the fastest-growing in the market. Various innovations are also inspiring new product launch methods due to which the market is expanding. Investments are rising in the research and development projects. In the garment industry, self-cleaning apparels are showing a high intake of the superhydrophobic coatings. This type of growth is mostly taking place in the developing regions.

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Segmentation:

The global market for superhydrophobic coatings has been segmented in the published report on the basis of raw material, property, and end user industry. These segments have inputs and analyses of dynamics that would simplify the process of market learning.

By raw material, the global market report on the superhydrophobic coatings can be segmented into graphene, silica nanoparticles, carbon nanotubes, and others. The graphene technology is covering good grounds.

By property, the report on the superhydrophobic coatings market includes non-wetting, anti-corrosion, anti-microbial, and others.

By end user industry, the report on the superhydrophobic coatings market can be segmented into transportation and allied logistics, electricals and electronics, optical, construction, medical, and textiles, and leather. The electrical & electronics segment would spur the demand for the component. This is primarily due to the hike in sales of gadgets where waterproofing has become necessary for several reasons.

Regional Analysis:

The Asia Pacific market has the strength to retain its dominance in the forecast period. The market is also expected to display the highest CAGR during the forecast period. Booming markets like electrical & electronics and garments are expected to ensure strong uptake of the superhydrophobic coatings. In India and China, increasing construction activities can impact on the market growth.

In North America, growth is prominent in countries like the US and Canada as the end user industries are creating a huge demand for the product. High investment capacity is helping both in terms of research and development and better market percolation. Same is the scene with Europe. Both these regions are showing great demand for top-end gadgets owing to which inclusion of such waterproof products would gain traction.

Competitive Landscape:

The global market for superhydrophobic coatings is slated to gain traction from several tactical developments made by companies like UltraTech International Inc. (US), P2i International Ltd (US), Rust-Oleum (US), NEI Corporation (US), Lotus Leaf Inc. (Mexico), Hydrobead (US), Advanced NanoTech Lab (India), United Protective Technologies (US), NeverWet (US), Aculon (US), and Excel Coatings (India). These companies are engaging themselves in extensive contributions to developing various methods and planning progress for the years in the years to come.

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