Superhydrophobic coatings are extensively used in a wide range of industries such as electronics and telecommunication, textile and leather, automotive, building and construction, and medical and health care. Superhydrophobic coatings are made up of metal oxides, nanoparticles of metals, graphene, and carbon nanotubes. The unique qualities of these coatings such as water repellent property and ability to provide protection from corrosion, microbial growth, water spills, dust, and oil spills have made them a popular choice in these industries. Thus, the growth in these industries reflects positively on the global superhydrophobic coatings market. The ongoing technological developments in making superhydrophobic coatings exceptionally transparent for better clarity is anticipated to increase its uptake in the production of self-cleaning and non-fogging materials.
Some of the leading players engaged in research and development of these coatings are P2i Limited, The Sherwin-Williams Company, Cytonix, LLC, DryWired, LLC, UltraTech International, Inc., Sto Group, Nanex Company, NTT Advanced Technology Corporation, NEI Corporation, Lotus Leaf Coatings, Inc., Surfactis Technologies, Aculon, Inc., Artekya Ltd, and Rust-Oleum Corporation. Players are anticipated to focus on innovation to introduce advanced materials in the market to retain their dominance during the forecast years of 2016 to 2024.
Demand for Smarter Textiles Augment Demand for Superhydrophobic Coatings
According to a report published by Transparency Market Research, the global superhydrophobic coatings market is anticipated to be worth US$37.1 mn by 2024 as compared to US$2.90 mn in 2015. During the forecast period, the market is expected to surge at a CAGR of 37.3%. The positive outlook of the overall market is attributable to the growing demand for water-resistant electronics. Superhydrophobic coatings offer an efficient protective layer for sensitive electronic parts that can get damaged beyond repair due to water. The global market is also thriving due to the rise of the construction industry, which has led to a rise in the demand for composite materials. These materials are not only environment-friendly but also blend in well with masonry, concrete, ceramics, and composite substrates. A majority of builders use these for waterproofing cement walls, wall tiles, and both exterior and interior roofs.
Analysts predict that the leather and textiles industry will also show a remarkable uptake of superhydrophobic coatings in the near future. The demand for dust-resistant, protective, and water-repellent materials, especially in the military sector, is anticipated to encourage this trend in the coming years. Additionally, demand for self-cleaning materials for daily use is also anticipated to drive this market in the near future.
Browse Full global superhydrophobic coatings market Report with TOC:http://www.mrrse.com/superhydrophobic-coatings-market
Emerging Economies of Asia Pacific Improve Growth Prospects for Regional Market
Geographically, the global superhydrophobic coatings market is segmented into North America, Asia Pacific, Europe, Latin America, the Middle East and Africa, and Europe. The research report states that North America held a dominant share in the global market in 2015, which was trailed by Europe. The flourishing telecommunication and electronics industry in the U.S. is anticipated to play a vital role in the progress of this market in North America over the forecast period. Asia Pacific is also anticipated to be an emerging superhydrophobic coatings market due to emerging economies of India, China, and several other AEAN nations.