Global Hydrophobic Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hydrophobic Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hydrophobic coatings are coatings that provide a superhydrophobic surface that can confer a variety of advantages on the coating surface and the substrates coated thereon. These coatings have various advantages, for example they can include dirt retention, self-cleaning ability and higher moisture retention.

Market Overview:

The latest research study on the global Hydrophobic Coatings market finds that the global Hydrophobic Coatings market reached a value of USD 1908.98 million in 2022. It’s expected that the market will achieve USD 2736.0 million by 2028, exhibiting a CAGR of 6.18% during the forecast period.

Marketing channel sales will be affected differently

The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some Hydrophobic Coatings enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

Upstream and downstream interactions will lead to disruption of business

The epidemic will have a short-term impact on Hydrophobic Coatings industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in Hydrophobic Coatings industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Affect the normal operation of the industry

The impact of COVID-19 on the Hydrophobic Coatings industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.

As product utilization improves, competition among suppliers increases

Hydrophobic coatings have anti-corrosion, anti-fouling, anti-microbial, self-cleaning and other characteristics, which makes them more advantageous than hydrophilic coatings. With the development of downstream industries, competition among suppliers will increase during the forecast period. Suppliers will compete to provide market competitive advantages based on pricing, product performance, etc. During the forecast period, we expect competition to increase as product expansion increases.

Continuous innovation

Innovation plays an important role in driving market growth. In order to maintain stability in a highly competitive market, suppliers should develop new ideas and technologies and keep pace with advanced technologies. The improvement of product production technology will improve the product performance of hydrophobic coatings and reduce production costs. Most manufacturers are constantly launching new products to gain greater market share.

Development of the construction industry

The rapid development of the construction industry will drive the sales of hydrophobic coatings. As global construction activity has increased, the demand for hydrophobic coatings has skyrocketed. Hydrophobic coatings protect the walls of a building from rain and other sources of water, thereby helping to extend the overall life of the building. These coatings are widely used in construction to protect various substrates or surfaces from damage caused by contact with water or rain.

Product raw material price fluctuations

Chemical raw materials are affected by the overall economic environment and the relationship between supply and demand, and prices will fluctuate to a certain extent. For hydrophobic coating products, fluctuations in the price of raw materials of the product will affect production costs, reduce profit margins and bring certain risks to business operations.

Region Overview:

United States dominated the Hydrophobic Coatings market in 2022, with a market share of 33.41%.

Company Overview:

BASF is one of the major players operating in the Hydrophobic Coatings market, holding a share of 8.23% in 2023.

BASF

BASF SE is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.

PPG Industries

PPG Industries, Inc. supplies products for the manufacturing, construction, automotive, chemical processing, and other industries worldwide. The Company makes protective and decorative coatings, flat glass, fabricated glass products, continuous-strand fiber glass products, and industrial and specialty chemicals.

Segmentation Overview:

By type, Polysiloxanes segment accounted for the largest share of market in 2022.

Polysiloxanes

Polysiloxane is a type of polymer with repeating Si-O bonds as the main chain and organic groups directly connected to the silicon atom. Among them, R represents an organic group, such as methyl, phenyl, etc.

Fluoro Alkylsilanes

Fluoroalkylsilane (FAS) has been widely used in the coating industry due to its low surface energy and excellent hydrophobic and oleophobic properties.

Fluoropolymers

Fluoropolymer coatings cannot be wetted. They are hydrophobic (water repellent) As a result, coated surfaces are easier to clean and, in some cases, the surfaces are self-cleaning. Hydrophobic properties are a result of the low surface energy of fluoropolymers.

Application Overview:

By application, the Building & Construction segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hydrophobic Coatings market covered in Chapter 3:

Favoredtech
BASF
Surfactis Technologies
Lotus Leaf Coatings
NEI Corporation
DuPont
Evonik
3M
Abrisa Technologies
Dow Chemicals
Buhler
NeverWet
DryWired
Aculon
PPG Industries
Clariant
Prelco
Ultratech

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrophobic Coatings market from 2018 to 2029 is primarily split into:

Polysiloxanes
Fluoro Alkylsilanes
Fluoropolymers
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrophobic Coatings market from 2018 to 2029 covers:

Building & Construction
Automotive
Aerospace
Marine
Photovoltaics
Eyewear
Precision optics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)