Hydrophobic Coatings Market Growth Accelerated by Increased Use in Automotive Industry

 


Hydrophobic coatings are synthetic coatings applied to surfaces and materials to prevent wetting and reduce water retention. They find wide application in automotive, construction, textile, medical and electronics industries. Hydrophobic coatings provide self-cleaning properties to surfaces, prevent corrosion, and reduce friction and drag. They are preferred for use on windshields, headlamps, taillights, mirrors and other exterior and interior automotive components. The increasing automotive production globally is anticipated to drive the use of hydrophobic coatings. The global Hydrophobic Coatings Market is estimated to be valued at US$ 1.02 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased adoption of hydrophobic coatings in the automotive industry can mainly be attributed to their ability to repel water, reduce drag, and provide self-cleaning functionality. Application of these coatings on windshields, automotive lighting components like headlamps and taillights helps improve visibility in rainy conditions. They aid in eliminating the need for manual cleaning of headlamps and other exterior parts. Hydrophobic coatings are applied on other automotive components such as mirrors, alloy wheels and other plastic parts to prevent water accumulation, reduce weight, and improve aesthetics. OEMs are extensively using these coatings to enhance the durability and quality of automotive products.

Segment Analysis

The Global Hydrophobic Coatings Market Size can be segmented into nanocoatings and polymer coatings. The polymer coatings segment currently dominates the market owing to its wide application in textiles, construction, automotive and medical sectors. Polymer coatings provide excellent water repellency and chemical resistance at a lower cost making it a preferred choice over nanocoatings.

Key Takeaways

The global hydrophobic coatings market is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis shows that the Asia Pacific region currently dominates the hydrophobic coatings market with a share of over 35% in 2024. Factors such as presence of key end-use industries and rapid industrialization in countries like China and India are expected to drive the APAC hydrophobic coatings market in the coming years.

Regional analysis: The Asia Pacific region is expected to remain the fastest growing as well as the dominating region in the global hydrophobic coatings market during the forecast period. Presence of key end-use industries such as automotive, textiles, construction and medical in countries like China, India, Japan and South Korea is driving the APAC hydrophobic coatings market. In addition, rapid industrialization and infrastructure development activities in the region are further fueling the demand for hydrophobic coatings.

Key players operating in the hydrophobic coatings market are Sharp Corporation, Apple Inc., Sony Corporation, ASUSTeK Computer Inc., LG Electronics, AU Optronics, Samsung Group, and Fujitsu Limited. The market is dominated by large players with extensive geographical presence and wide product portfolio.

Get More Insights On This Topic: https://www.newsstatix.com/hydrophobic-coatings-market-size-share-analysis-2023-2030/

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