Hydrophobic Coatings Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[221+ Pages Report] According to the report published by Facts Factors, the global hydrophobic coatings market size was worth around USD 1.92 billion in 2022 and is predicted to grow to around USD 3.05 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.1% between 2023 and 2030. The report analyzes the global hydrophobic coatings market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hydrophobic coatings market.

Market Overview

Hydrophobic coatings are applied on surfaces that allow them to repel forms of liquid including water. These coatings act as water repellents for surfaces and make them useful for more applications. The industry refers to the number of stakeholders who operate in the market or consume the product in some form. It includes the production, selling, and buying of products that are used together to create hydrophobic platforms or surfaces on different types of substrates ranging from metals to textiles and including concrete, glass, and plastics.

These coatings have wide industrial applications including electronics, aerospace, automotive, construction, and marine. For instance, they are widely used on car windshields for rainwater repulsion since it is useful in improving driver visibility. There are several factors responsible for fraternity revenue but simultaneously it also deals with multiple restraints and challenges.

Key Insights

• As per the analysis shared by our research analyst, the global hydrophobic coatings market is estimated to grow annually at a CAGR of around 6.1% over the forecast period (2022-2030)
• In terms of revenue, the global hydrophobic coatings market size was valued at around USD 1.92 billion in 2022 and is projected to reach USD 3.05 billion, by 2030.
• The market is projected to grow at a significant rate due to the end-vertical applications
• Based on application segmentation, spraying was predicted to show maximum market share in the year 2022
• Based on substrate type segmentation, metal was the leading type in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

Growth Drivers

• Growing end-vertical applications to promote market growth

The global hydrophobic coatings market is projected to grow owing to the rising end-vertical applications across high-revenue sectors. For instance, one of the largest consumers of coatings is the automotive sector where they are used extensively on windshields since it helps improve visibility in wet conditions.

Furthermore, it is used in paints that are applied on vehicle bodies as it protects against contaminants, dirt, and water. The protection is essential for the long-term use of the vehicle and it plays an important role in upgrading the vehicle's lifecycle. Hydrophobic coatings are applied on the rim and wheels as constant exposure to salt, water, and other environmental factors degrade their performance over time.

Restraints

• High cost to restrict market expansion

One of the key restraints in the global industry is the high cost of hydrophobic coatings and their derivatives. When compared to traditional coating material, these types are far more expensive and hence may limit the end users of the product, especially small or medium-sized players working on limited budgets. Additionally, the fluctuating prices of the raw materials required to manufacture hydrophobic coatings can cause hindrances during the growth trajectory.

Opportunities

• Unexplored potential in emerging markets to provide excellent growth opportunities

The global hydrophobic coatings market may register high growth opportunities in the unexplored segments of emerging markets that are witnessing high investments toward infrastructure development and a growing influx of foreign investments.

In addition to this, many of these regions are registering growing disposable income in the population group leading to higher demand in the automotive sector along with other essential industries like aerospace and construction. The latter is essential to meet the rising housing demand whereas the former is a part of the overall infrastructural growth. This could become a significant contributor to further expansion during the projection period.

Challenges

• Lack of standardization to act as a challenge

One of the key challenges faced by the industry players includes a lack of standardization in the market. This means that the absence of a benchmark that describes the mandated quality of the product along with its destruction, sales, and storage can be confusing for the consumers and they may refrain from using it. Furthermore, the alternatives or traditional coating materials are well-regulated and have policies in place that determine their movement in the market causing more people to switch to traditional options. 

Segmentation Analysis

The global hydrophobic coatings market is segmented based on substrate type, product, application, coating layer, and region

Based on substrate type, the global market segments are polymer, metal, textile, glass, concrete, and others.

• 2020 registered the highest growth in the metal and glass segments due to the high-end applications of the substrate
• For instance, steel and aluminum, the two most popular metals, are used extensively in the construction business along with transportation and industrial usage. Hence the popularity of metals as the substrate for hydrophobic coatings is exceptionally high
• Glass, on the other hand, had a huge demand in the automotive sector since its use as a substrate for manufacturing windshields and other glasses is well established
• However, the choice of substrate depends completely on the final performance requirement and business need
• Generally, 2 to 3 coats of hydrophobic coating are applied on the surface to achieve desired results

Based on product, the global market is segmented into titanium dioxide, polysiloxanes, fluoropolymers, fluoro-alkylsilane, and others.

Based on application, the global market segments are spraying, dip coating, roll coating, brushing, and others.

• In 2022, the most popular form of application was spraying since it results in consistent and even coverage even on large surfaces
• It can also be used on different types of substrates including glass, plastic, and metal hence ranking top in terms of versatility
• Brush coating and roll coating are significant contributors since they can be used for coating objects with irregular shapes. These methods are most widely used when certain need thicker coatings than other areas
• Some hydrophobic coatings can dry between 10 to 15 minutes of application while some may take 2 to 4 hrs, depending on the coating type

Based on the coating layer, the global market segments are multi-layer and single-layer.

Recent Developments:

• In November 2021, 3M, a US-based multinational conglomerate, announced the launch of a new range of ceramic coating specially dedicated to the Indian automotive sector. The new product has a hydrophobic finish and is designed to offer an improved solution for issues that concern the exterior surface of cars
• In January 2022, Advanced Nanotech Lab announced that it had bagged a multi-million dollar contract for ceramic coating in the automotive segment. The company will start private label manufacturing of 10H Ceramic Coating, 9H Ceramic Coating, and some hybrid variants for Asia’s largest lubricant manufacturers in the automotive industry
• In October 2020, COTEC, a maker of anti-reflective, hydrophobic coatings, was acquired by Mitsui Chemicals allowing the latter to strengthen its foothold in the market. The company announced that it intends to continue its expansion streak in the coming years

Report Scope

Regional Analysis

• Asia-Pacific to dominate the market growth

The global hydrophobic coatings market is projected to grow with the highest CAGR in Asia-Pacific with Australia, India, China, and Japan acting as major contributors. The regional growth is driven by the immense production line of hydrophobic coatings in these territories. Asia-Pacific has long been the Hubspot for the mass production of paints and coating chemicals due to supportive regulatory measures, the availability of resources including human, land, and other raw materials.

China is expected to expand its production of hydrophobic coating to meet the growing demand in the construction and automotive segment which is a result of consistent economic growth registered in the country. North America is expected to grow at a high CAGR due to the increasing investment towards advancements in coating technology and the growing construction sector.

Competitive Analysis

• Dry Wired LLC 
• 3M Company 
• Wacker Chemie AG 
• RPM International Inc. 
• Andercoat Technologies LLC 
• BASF SE 
• NeverWet LLC 
• Liquipel LLC 
• Nippon Paint Holdings Co. Ltd. 
• AkzoNobel NV 
• Cytonix LLC 
• Hempel A/S 
• The Sherwin-Williams Company 
• DowDuPont Inc. 
• Axalta Coating Systems LLC 
• Ultratech International Inc. 
• PPG Industries Inc. 
• ACG Materials 
• Rust-Oleum Corporation 
• Aculon Inc

The global hydrophobic coatings market is segmented as follows:

By Substrate Type Segment Analysis

• Polymer
• Metal
• Textile
• Glass
• Concrete
• Others

By Product Segment Analysis

• Titanium Dioxide
• Polysiloxanes
• Fluoropolymers
• Fluoro-Alkylsilanes
• Others

By Application Segment Analysis

• Spraying
• Dip Coating
• Roll Coating
• Brushing
• Others

By Coating Layer Segment Analysis

• Multi-Layer
• Single Layer

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America