Researchers from across the globe have found out a new material that could resist water effectively and is durable than many others. This material, a superhydrophobic coating is expected to make cell phones waterproof. Manufacturers of superhydrophobic coatings are using this material for protecting many products from water, dust, oil spills, corrosion, and microbial growth. Superhydrophobic coatings find application in the textile and leather, electronics and telecommunication, building and construction, and medical and health care industries.
Browse the full Global Superhydrophobic Coatings Market Report: http://www.mrrse.com/superhydrophobic-coatings-market
Superhydrophobic coatings hold an array of industrial applications and consumers. Scientists are taking efforts to manufacture low-cost superhydrophobic coatings, which is a primary factor expected to propel the global market. As this material is transparent in nature its application is predicted to extend to packaging materials, electronic devices such as smartphones and tablets, street signs, and many other consumer devices. Key manufacturers are taking efforts to manufacture superhydrophobic coatings that are anti-corrosive, oil-repellent, and self-cleaning. The global superhydrophobic coatings market stood at US$2.90 mn in 2015 and is predicted to reach US$37.1 mn by 2024, progressing at a 34.30% CAGR from 2016 to 2024.
Electronics and Telecommunication Sector to Dominate Demand
By end use, the global superhydrophobic coatings market was dominated by the electronics and telecommunication sector. This sector accounted for 32.0% of the global market in 2015 and is expected to maintain its dominance in the years to come. The electronics and telecommunication sector is expected to maintain its dominance in the years to come owing to the rising application in semiconductors, electronics, and other electronic components. However, the building and construction segment is expected to gain good momentum as superhydrophobic coatings are used with ceramics, concrete, composite, and masonry substrates. As superhydrophobic coatings are compatible with these materials, they are being increasingly used in the building and construction activities.
Industrialization Drives Demand for Superhydrophobic Coatings in APAC
By region, the global superhydrophobic coatings market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. In 2015, the global market was dominated by North America, followed by Europe. However, Asia Pacific is predicted to register a promising growth in the demand for superhydrophobic coatings. This is because of the development of the electronics and telecommunication industry and speedy industrialization. The steady recovery of the building and construction industry is also expected to propel the superhydrophobic coatings market in Asia Pacific and also in North America. However, throughout the forecast period, Asia Pacific is likely to maintain its dominance owing to the adoption of changing trends by key companies operating in this region.
Browse the full Press Release of Global Superhydrophobic Coatings Market at http://www.mrrse.com/global-superhydrophobic-coatings-market
Key companies operating in the global superhydrophobic coatings market are taking efforts to introduce new superhydrophobic coatings to match the needs of the companies operating in the building and construction industry. Some of the players operating in the global superhydrophobic coatings market are P2i Limited, The Sherwin-Williams Company, UltraTech International, Inc., Surfactis Technologies, NTT Advanced Technology Corporation, Lotus Leaf Coatings, Inc., Aculon, Inc., Cytonix, LLC, DryWired, LLC, Sto Group, Nanex Company, NEI Corporation, Rust-Oleum Corporation, and Artekya Ltd.