GVR Report cover Hydrophobic Coating Market Size, Share & Trends Report

Hydrophobic Coating Market Size, Share & Trends Analysis Report By Property (Anti-Microbial, Anti-Icing/Wetting, Anti-Fouling, Anti-Corrosion, Self-Cleaning), By Application, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-189-4
  • Number of Report Pages: 90
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2022
  • Forecast Period: 2024 - 2030 
  • Industry: Bulk Chemicals

Report Overview

The global hydrophobic coating marketwas valued at USD 2.06 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030. Hydrophobic coatings have achieved continuous demand due to their applications across various sectors because of their ability to provide long-lasting and effective solutions. These coatings create a high contact angle with water, causing droplets to drop up and roll off surfaces, thereby preventing water damage. They offer excellent protection against water damage, corrosion, and ice accumulation, which is particularly beneficial for maintaining the optimal condition of aircraft components. The advantages of hydrophobic coatings extend well beyond their remarkable characteristics influencing the utilization and demand of hydrophobic coatings.

Global automotive sales

In addition, hydrophobic coatings develop a self-cleaning effect, allowing both water and oil to bead up and roll off surfaces, making it easy to wipe off oil-based marker stains, fingerprints, and water stains. These coatings are utilized in various products, including electrical devices, silicone rubber products, automotive components, optical coatings, wearable devices, and military equipment. Moreover, applying these coatings via vacuum deposition enhances the durability of the devices and protects them from corrosion and salt damage. Their self-cleaning properties significantly reduce the need for frequent cleaning and maintenance, saving time and labor costs. These versatile coatings also enhance the performance and functionality of metal components by providing additional benefits. This includes improved durability, resistance to environmental factors, and the ability to maintain optimal performance under various conditions. As a result, hydrophobic coatings are invaluable in a wide range of applications, contributing to the longevity and efficiency of treated surfaces. Manufacturers focus on improved products to fulfill the increasing demand from various industries. Therefore, continuous technological advancements in coating formulations and properties further enhance their effectiveness and escalate their application across broad industry uses, resulting in a higher demand for hydrophobic coatings.

Property Insights

Anti-corrosion dominated the market and accounted for the largest revenue share of 25.4% in 2023. The anti-corrosion properties of hydrophobic coatings have significantly contributed to their market growth. These coatings form a protective barrier that prevents moisture and corrosive substances from reaching the underlying material, extending the lifespan of metal components. This protection is crucial in aerospace, automotive, and marine industries, where exposure to harsh environmental conditions can lead to rapid degradation. Hydrophobic coatings offer cost savings and operational efficiency by reducing the need for frequent maintenance and replacements. The increasing demand for durable and long-lasting materials in various sectors has driven the adoption of hydrophobic coatings, leading to their expanding market presence. Continuous advancements in coating technologies further enhance their effectiveness, making them an attractive solution for corrosion prevention.

Global hydrophobic coating market

Anti-microbial is estimated to witness lucrative growth during the forecast period. The antimicrobial properties of hydrophobic coatings have played a significant role in their market growth. These coatings not only repel water but also inhibit the growth of microorganisms on treated surfaces. This dual functionality is particularly valuable in sectors such as healthcare, where maintaining sterile environments is crucial. Hydrophobic antimicrobial coatings are used on medical devices, wearable electronics, and other surfaces to prevent microbial accumulation and reduce the risk of infections. The ability to provide long-lasting protection against moisture and microbes makes these coatings highly desirable, driving their adoption across various industries. Continuous advancements in coating technologies further enhance their antimicrobial effectiveness, contributing to their expanding market presence.

Application Insights

Automotive applications led the market and accounted for the largest revenue share of 24.7% in 2023. These coatings are extensively used on various exterior and interior components, such as windshields, windows, paint, and upholstery. Their ability to repel water and prevent moisture accumulation improves visibility, reduces cleaning needs, and enhances overall safety. In addition, hydrophobic coatings on automotive surfaces minimize corrosion and the adhesion of dirt, grime, and contaminants, extending the lifespan of vehicle exteriors. The expanding automotive industry, particularly in emerging economies, is expected to further boost the demand for hydrophobic coatings in this sector.

 

U.S. hydrophobic coating market

Construction application is anticipated to witness substantial growth during the forecast period. This growth is attributed to the need for enhanced durability and protection against environmental factors. These coatings effectively repel water, preventing moisture damage, corrosion, and staining on structures such as buildings and bridges. As urbanization accelerates and infrastructure projects expand, the demand for long-lasting, low-maintenance solutions increases. Furthermore, advancements in coating technologies, including eco-friendly formulations, are further propelling market growth as they align with sustainability goals within the construction industry.

Regional Insights & Trends

North  dominated the global market and accounted for the largest revenue share of 37.9% in 2023. This growth is driven by the automotive and aerospace sectors being among the first to adopt hydrophobic coatings for windscreens, windows, and exterior surfaces; further, the market is boosted by the need for improved visibility, safety, and environmental protection. The demand for hydrophobic coatings in these industries is fueled by their ability to enhance visibility, ensure safety, and provide environmental pAmerica hydrophobic coating marketrotection, thereby sustaining the market growth of hydrophobic coatings.

U.S. Hydrophobic Coating Market Trends

The hydrophobic coating market in the U.S.dominated the North American market and accounted for the largest revenue share of 79.7% in 2023. The demand for hydrophobic coatings in the U.S. is driven by their extensive adoption in the automotive, aerospace, electronics, and construction industries. These coatings enhance durability and performance by repelling water and reducing corrosion, crucial for protecting high-value assets. The rising consumer awareness about eco-friendly and non-toxic formulations is boosting market growth. The expanding use of electronic devices and the need for protective coatings in medical applications further propels the expansion of the hydrophobic coating market.

Asia Pacific Hydrophobic Coating Market Trends

The Asia Pacific hydrophobic coating market is expected to grow at a CAGR of 6.7% over the forecast period. This growth is attributed to the rising demand for vehicles, continuous innovations in the aerospace industry, advancements in the medical device manufacturing sector, and the expansion of the automotive sector. The various industry applications lead to increased demand, particularly from manufacturers in countries such as China and India, which is expected to sustain and further drive the growth of the hydrophobic coatings market.

China Hydrophobic Coating Market Trends

The growth of the hydrophobic coatings market in Chinais driven by rapid industrialization, increasing infrastructure spending, and the rising production of electric vehicles. These coatings are extensively used in the automotive sector for their valuable benefits. The construction industry in China is experiencing robust growth, further boosting the demand for hydrophobic coatings to protect building materials from moisture and enhance durability. Advancements in coating technologies and the growing emphasis on sustainability also contribute to the market’s expansion of hydrophobic coating.

India Hydrophobic Coating Market Trends

The India hydrophobic coating market is expected to grow substantially over the forecast period. This growth is driven by pharmaceutical and medical infrastructure, which presents lucrative opportunities for the hydrophobic coating market. The ongoing enhancements in healthcare and investments aimed at modernizing medical facilities have increased the demand for hydrophobic coatings. These coatings are essential for medical instruments, surgical tools, and devices, as they enhance durability and extend functionality. Consequently, the rising demand for high-quality hydrophobic coatings positively impacts market growth.

Europe Hydrophobic Coating Market Trends

Europe hydrophobic coating market is expected to experience lucrative growth over the forecast period. This growth is attributed to the rising demand for anti-corrosive coatings in marine structures, as hydrophobic coatings provide long-lasting protection against water damage and corrosion. In addition, the increasing usage of hydrophobic coatings in the automotive and aerospace sectors contributes to market expansion, as these coatings offer superior water repellency and easy cleaning properties. Furthermore, the growing construction industry in Europe, particularly in countries such as Germany and the UK, is also fueling the demand for hydrophobic coatings to protect buildings and infrastructure from water damage.

UK Hydrophobic Coating Market Trends

The hydrophobic coating market in the UK is expected to grow significantly over the forecast period owing to the expansion of various sectors and advancements in electronic devices. Major trends influencing the growth include the development of smart coating technologies, advancements in nanotechnology, the creation of self-cleaning surfaces, and the application of anti-icing and de-icing technologies. Furthermore, an increase in vehicle production is expected to increase the demand for hydrophobic coatings in the region significantly.

Key Companies & Market Share Insights

Some of the key companies in the hydrophobic coating market include BASF SE, 3M, Nippon Paint Private Limited., Akzo Nobel N.V., PPG Industries, Inc., Artekya Teknoloji, ALLEGIANCE NANOSOLUTIONS, HZO, INC.;in the market focusing on the development & innovation of newer products with enhanced quality.

  • Nippon Paint Pvt Ltd. is a prominent player in the hydrophobic coatings market, offering innovative solutions like the Walltron Hydroshield. This self-crosslinking acrylic emulsion-based coating is designed for exceptional waterproofing, elasticity, and durability, making it ideal for protecting interior and exterior surfaces. Nippon Paint's commitment to environmentally friendly products enhances its appeal in the market, aligning with the growing demand for sustainable building materials and coatings.

  • HZO, Inc. specializes in advanced hydrophobic coatings that protect electronic devices from moisture and environmental damage. Their proprietary technology creates a robust barrier that ensures the reliability and longevity of electronic components, making HZO a key player in the electronics sector. With a focus on innovation, HZO's coatings are crucial for industries seeking to enhance the performance and durability of their products in challenging conditions.

 

Key Hydrophobic Coating Companies:

The following are the leading companies in the hydrophobic coating market. These companies collectively hold the largest market share and dictate industry trends.

  • BASF SE
  • 3M
  • Nippon Paint Private Limited.
  • Akzo Nobel N.V.
  • PPG Industries, Inc.
  • Artekya Teknoloji
  • ALLEGIANCE NANOSOLUTIONS
  • HZO, INC.
  • Aculon.
  • Cytonix
  • P2i Ltd.
  • GVD Corporation
  • Nanokote
  • SilcoTek Corporation
  • NanoSlic Smart Coatings
  • NAONIX srl
  • NEI Corporation

Recent Developments

  • In June 2024, NEI Corporation introduced NANOMYTE AM-100EC, a new antimicrobial coating designed to provide enhanced protection against harmful microorganisms. This innovative coating offers antimicrobial properties and features easy-to-clean characteristics, making it suitable for various applications, including healthcare and food processing environments. The AM-100EC coating is formulated to withstand rigorous cleaning protocols while maintaining its effectiveness, addressing the growing demand for hygiene and safety in public spaces. This launch reflects NEI's commitment to advancing protective coating technologies.

Hydrophobic Coating Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 2.19 billion

Revenue forecast in 2030

USD 3.02 billion

Growth Rate

CAGR of 5.5% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

Quantitative units

Volume in Tons, Revenue in USD million, and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Property, application, region

Regional scope

North America, Europe, Asia Pacific, Latin America

Country scope

U.S., UK, Germany, France, China, India, Japan, Brazil,

Key companies profiled

BASF SE; 3M; Nippon Paint Private Limited.; Akzo Nobel N.V.; PPG Industries, Inc.; Artekya Teknoloji; ALLEGIANCE NANOSOLUTIONS; HZO, INC.; Aculon.; Cytonix; P2i Ltd.; GVD Corporation; Nanokote; SilcoTek Corporation; NanoSlic Smart Coatings; NAONIX srl; NEI Corporation

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global hydrophobic coating market report based on product, application, and region. 

  • Property Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

    • Anti-microbial

    • Anti-icing/wetting

    • Anti-fouling

    • Anti-corrosion

    • Self-cleaning

    • Others

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

    • Aerospace

    • Automotive

    • Construction

    • Medical

    • Optical

    • Others

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

    • Europe

      • UK

      • Germany

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

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