North America held the Largest Share of the Superhydrophobic Coatings Market in 2021
According to Custom Market Insights (CMI), the Global Superhydrophobic Coatings market growth was estimated at USD 19 Million in 2021 and is expected to hit around USD 120 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 25% from 2022 to 2030.
Our research report offers a 360-degree view of the Superhydrophobic Coatings market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Superhydrophobic Coatings market.
Superhydrophobic Coatings Market: Overview
The nanoscopic water-repellent surface layers are known as superhydrophobic coatings. The most well-known naturally superhydrophobic covering is a lotus leaf. These coatings can be used on plastic, wood, glass, mineral undercoats, concrete, and fabrics and are resistant to stains, abrasions, and corrosion.
The main drivers for the expansion of the superhydrophobic coatings market are projected to be increased demand for superhydrophobic coating materials and technological developments, such as the development of ultra-transparent coatings with high optical clarity. Superhydrophobic coatings are used in the electronics and electricals, textiles and leather, automotive, building and construction, as well as medical and healthcare sectors.
Browse the full “Superhydrophobic Coatings Market Size, Trends and Insights By Product Type (Anti-corrosion, Self-cleaning, Anti-icing, Anti-wetting), By End-user (Transportation, Textiles & Footwear, Medical, Construction, Electricals & Electronics, Optical, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/superhydrophobic-coatings-market/
Superhydrophobic coatings, which shield fragile electronic devices from water damage, are being used more frequently in the electronics industry, which is fueling the global superhydrophobic coating market growth. Superhydrophobic coatings lengthen a product’s lifespan and reduce the amount of water damage, which reduces costs. These coatings also offer anti-soiling, self-cleaning, and anti-fingerprint properties.
Due to the growing demand for gadgets around the world, it is anticipated that the use of superhydrophobic coatings will expand during the projection period. The electrical and electronics category is anticipated to experience the quickest rate of end-use industry market growth throughout the forecast period, offering lucrative opportunities for market participants.
One of the global industries with the fastest growth rate is the solar energy sector. The International Energy Agency (IEA) reports that additions to solar PV capacity worldwide reached 107 GW in 2020, representing a continuous rise from 2019.
The International Energy Agency (IEA) forecasts that after 2020, Europe’s net solar PV installations will gradually increase from 21 GW in 2021 to an average of 25 GW per year between 2023 and 2025. This development is mostly the result of increased government support for achieving the 32% renewable energy target for the European Union by 2030 set forth in the Renewable Energy Directive. This is projected to propel the superhydrophobic coatings demand over the forecast period.
The market for Superhydrophobic Coatings is segmented into product type and end-user. Based on the end-user, the highest market share was held by textiles and footwear, which are also predicted to grow rapidly throughout the projection period. Many groups have concentrated their research efforts on creating water- and stain-resistant fabrics over the past ten years. Despite the fact that raincoats have been using these coatings for a while, there is a huge market for self-cleaning textiles.
Self-cleaning fabrics may remove a variety of stains using a catalytic mechanism and are significantly better at repelling dirt than traditional fabrics. The potential to reduce the amount of water and energy needed for cleaning has significantly grown with the use of these coatings in the textile sector. Superhydrophobic footwear uses chemicals to reduce water absorption while maintaining breathability. During any activity, these coatings prevent the surface of the footwear from becoming muddy or damp. Nowadays, the majority of tennis players, whether amateur or professional, like outside activities like footwear. Thus, the aforementioned variables fuel segment expansion.
Based on product type, in 2021, the anti-wetting market sector held the biggest market share. The world’s coatings industry and the scientific community have recently developed superhydrophobic surfaces and coatings with remarkable water repellency using oxide/polymer-based materials.
By reducing the water drag on the hull, these coatings dramatically lower the cost of shipping products and increase the efficiency of the boat/vessel. Superhydrophobic coatings can also lessen liquid adherence on a variety of production equipment. These coatings are employed on glasses and facades in the building and automotive industries due to their exceptional anti-wetting characteristics. These are applied as protective coatings in marine vessels, oil rigs, and submarines, which are frequently covered in algae or other marine microorganisms and are continuously exposed to the harsh saltwater environment.
Due to significant businesses making significant technological investments in the sector, North America dominated the global market for superhydrophobic coatings. Furthermore, the regional market is also being driven by economic recovery and rising demand for cutting-edge consumer gadgets.
In the coming years, the electronics sector is expected to grow at the fastest rate, with a CAGR of over 10% in Asia Pacific. This is due to the region’s access to cheap raw materials of the highest quality. Another aspect influencing the market is a rise in customer awareness of the advantages of these coatings in clothing, textiles, and food packaging.
|Feature of the Report||Details|
|Market Size in 2021||USD 19 Million|
|Projected Market Size in 2030||USD 120 Million|
|Market Size in 2022||USD 30.22 Million|
|CAGR Growth Rate||25% CAGR (2022-2030)|
|Key Segment||By Product Type, End-user, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfil your requirements for research.|
Our market analysis includes a section specifically devoted to key players operating in the Superhydrophobic Coatings Market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
- 2022: For one of the biggest Asian makers of automotive lubricants, Advanced Nanotech Lab has announced private label production of 9H ceramic coating, 10H ceramic coating, and a few hybrid variations.
- P2i Limited
- Beijing Neatrition Tech Co. Ltd
- NTT Advanced Technology Corporation
- Pearl Nano LLC
- Advanced Nanotech Lab
- Nasiol Nano Coating
- Lotus Leaf Coatings Inc
- Nanex Co.
- The Sherwin Williams Company
- NEI Corporation
- UltraTech International Inc
The global Superhydrophobic Coatings market is segmented as follows:
By Product Type
- Textiles & Footwear
- Electricals & Electronics
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America