Superhydrophobic Coating Market Overview
Superhydrophobic Coating Market is projected to be worth USD 53.9 Million by 2030, registering a CAGR of 30.7% during the forecast period (2021 - 2030).
Superhydrophobic coatings are nanoscopic water-repellent surface layers. Lotus leaf is the most well-known natural superhydrophobic covering. These coatings are resistant to dirt, abrasions, and corrosion and can be applied to plastic, wood, glass, mineral undercoats, concrete, and textiles. During the study period, rising demand for superhydrophobic coating materials and technological advancements such as the creation of ultra-transparent coatings with high optical clarity is likely to be the primary growth factors for the superhydrophobic coating market. Electronics and telecommunications, automotive, textiles and leather, building and construction, and medical and healthcare industries all use superhydrophobic coatings.
The electronics industry's rapid use of superhydrophobic coatings, which protect delicate electronic devices from water damage, is driving market expansion. Superhydrophobic coatings improve the life of a product and limit the extent of water damage, saving money. Anti-fingerprint, self-cleaning, and anti-soiling qualities are also provided by these coatings. The use of superhydrophobic coatings is predicted to increase during the forecast period, owing to the rising demand for gadgets around the world. During the projection period, the electrical and electronics category is predicted to be the fastest-growing end-use industry market, providing profitable potential for market players.
Asia-Pacific accounted for the largest share of the superhydrophobic coating market in 2018; the regional market is expected to register the highest CAGR during the forecast period due to the rapid growth of the electronics and construction industries in China, India, and several ASEAN countries.
North America is also a prominent market for superhydrophobic coatings owing to the presence of major market players with significant investments and economic recovery resulting in the increased demand for consumer electronics.
The European market is also expected to grow with the increasing consumption of superhydrophobic coatings in Germany and the UK during the forecast period.
The Latin American superhydrophobic coating market is witnessing considerable growth with the rising demand for automobiles and electronics.
The market in the Middle East & Africa is also likely to grow during the review period due to rapid infrastructure development in the region.
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.
Based on property, the market has been segmented into anti-microbial, non-wetting, anti-corrosion, and others.
Based on end-use industry, the superhydrophobic coating market has been segregated into electricals and electronics, transportation and allied logistics, medical, optical, construction, and textiles and leather
Based on region, the market has been segregated into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
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).
|Market Size||2030: USD 53.9 Million|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Raw material, property end-use industry, and region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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).|
|Key Market Opportunities||Superhydrophobic coatings find applications in the electronics and telecommunication, automotive, textiles and leather, building and construction, medical and healthcare industries.|
|Key Market Drivers||superhydrophobic coating market is driven by rapid adoption in the electronics industry as they protect sensitive electronic parts from water damage.|
The global superhydrophobic coating market is estimated grow at 30.7% CAGR during the forecast period (2021-2030).
Superhydrophobic coating is made of nanoscopic surface layers that act as excellent water repellent. These coatings are used on plastic, glass, wood, concrete, and fabric materials to provide them resistance to moisture, dirt, abrasions, and corrosion.
Superhydrophobic coating is widely used in all major industries such as consumer goods, electrical & electronics, and textiles & leather items.
The electrical and electronics segment is the largest segment in the global superhydrophobic coating market.
Asia Pacific holds the largest share in the global superhydrophobic coating market followed by North America and Europe, respectively.
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), are some of the leading players in the global superhydrophobic coating market.