Hydrophobic Coating Market Size & Forecast By Property (Anti-Microbial, Anti-Icing/Wetting, Anti-Fouling, Anti-Corrosion, Self-Cleaning), By Application (Aerospace, Automotive, Construction, Medical, Optical), By Region And Trend Analysis From 2018 To 2025

Hydrophobic coating market Size & Trends

The global hydrophobic coating market size was USD 1.34 billion in 2015 and is expected to witness significant growth owing to its growing application scope in automotive, aerospace, and construction industry. Furthermore, technological innovations to implement nano-particles in hydrophobic coatings, which offer high surface area and improved performance characteristics is expected to open new avenues for the industry growth over the projected period.

Growing demand for hydrophobic coatings in the automotive industry is expected to be a key driver for the market growth over the projected period. Hydrophobic coatings for glass components offer high water resistance in heavy rains. As a result, they are likely to gain high demand for manufacturing of car displays and windows over the forecast period.

Global automotive sales (Units), 2011 - 2015

The global car industry is expected to grow at a significant rate over the forecast period, owing to changing consumer demand, rising spending capacities and innovations in the automotive industry. Increasing use of hydrophobic coatings for metal components in the automotive sector across developing economies is expected to the propel demand over the next nine years.

The industry is in its nascent stage owing to which the manufacturers are likely to invest more on product innovation in order to tap the increasing end-user demand. At present, the market is dominated by a few global players such as BASF SE, AkzoNobel N.V., Aculon Inc., and 3M.

However, these players are expected to face intense competition from the local manufacturers over the projected period. Ease of raw material availability and rapid growth of end-use industries owing to recovery of the global economy and wide scope for new product development is anticipated to open new avenues for the industry players over the next nine years.

Property Insights

The anti-microbial coating is expected to be the fastest growing in the industry owing to the high penetration of these products in the medical industry. These coatings prevent the growth of microbial substrate on any surface. As a result, they are likely to gain high demand in medical and optical applications over the forecast period.

Global hydrophobic coating market volume, by property, 2014 - 2025 (Tons)

Growing demand for antimicrobial coatings for the manufacturing of water-repellent surgical tools and nonwovens such as gowns & gloves, which in turn is expected to have a positive impact on the demand for the coatings market growth. In addition, application of the product on marine and construction products is anticipated to drive demand.

Self-cleaning type is expected to gain significant share over the next nine years owing to their low maintenance properties. Whereas, high corrosion resistance offered by anti-corrosion coatings are likely to offer antic-corrosive coatings a gain growth in aerospace and automotive industry over the projected period.

Application Insights

The automotive industry was the largest application segment for the product, accounting for over 20% of the total demand in 2015. Rising demand for anti-corrosion, anti-icing/wetting and self-cleaning hydrophobic coatings for cars is expected to drive the market demand over the forecast period. The automotive industry is growing significantly in regions including Asia Pacific, North America, and the Middle East & Africa which is likely to open new avenues for the industry growth over the forecast period.

The aerospace industry is expected to gain share owing to increasing utilization of anti-corrosive coatings and anti-icing/wetting coatings. The growth of passenger travel demand owing to increasing consumer disposable income and changing lifestyle is expected to have a positive impact on the commercial aerospace production, which in turn is anticipated to have a positive impact on the industry growth over the forecast period.

The demand for the product is expected to grow significantly in the medical industry owing to its increasing utilization in the manufacturing of biocompatible stainless steel operating and surgical tools. In addition, the growing application of the coatings in optical industry in the manufacturing of spectacles and goggles is expected to have a positive impact on the industry growth over the next nine years.

Regional Insights

Asia Pacific is expected to be the fastest growing market for hydrophobic coatings and is expected to grow at a CAGR of over 7% from 2016 to 2025. Growing production of vehicles in China and India is expected to drive the demand for the compounds over the next nine years. Furthermore, growing medical industry in the region and high production volume of medicals tools and equipment is expected to have a positive impact on the demand coatings in the region.

U.S. hydrophobic coating market volume, by application, 2014 - 2025 (Tons)

North America and Europe accounted for over 50% of the total market share owing to the high production volumes of end-user segments including automotive, airplanes, and medical devices. These regions are highly adaptive to new technologies. As a result, the penetration of the product in the application sectors is expected to be high, impacting the market on a positive note. The Middle East & Africa is expected to grow significant rate on account of the growing automotive sector in the region. Central & South America is expected to witness sluggish growth owing to the economic slowdown in the region owing to the political instability in Brazil and other major countries.

Competitive Market Share Insights

The industry is fragmented in nature with the presence of manufacturers spread across the globe. The major players in the market include BASF SE, AkzoNobel N.V., Aculon Inc., Accucoat, Inc., 3M, Aurolab, Excel Coatings.

Aculon Inc. has announced new multi-surface repellency treatment by utilizing hydrophobic coatings. The modifications in the chemical composition are expected to enhance the characteristics of the coatings. In addition, the coatings possess lower thickness than other hydrophobic coatings which is expected to aid in the application without the utilization of complex equipment.

Report Scope

* 15% free customization - The 15% report customization is equivalent to work done by one research analyst for 5 working days.

Market segments covered in the report

Grand View Research has segmented the global hydrophobic coating market on the basis of property, application and region:

• Property Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)

  • Anti-microbial

  • Anti-icing/wetting

  • Anti-fouling

  • Anti-corrosion

  • Self-cleaning

  • Others

• Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)

  • Aerospace

  • Automotive

  • Construction

  • Medical

  • Optical

  • Others

• Regional Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa (MEA)