Superhydrophobic Coatings Market: Introduction
The global superhydrophobic coatings market is projected to expand significantly over the next few years. Key reason supporting this projection is increase in the demand for superhydrophobic coatings from a wide range of industries. Building & construction, electronics & telecommunication, automotive, textile & leather, and medical & healthcare are some of the key end-use industries driving the global superhydrophobic coatings market.
The global superhydrophobic coatings market is fragmented and immensely competitive, making it well-poised to register a double-digit growth rate during the forecast period by revenue as well as volume. The need for high capital investment might appear as a major challenge for new entrants; however, innovation in product solutions and technologies present several opportunities for them in the superhydrophobic coatings market.
The expansion of automotive, construction, and consumer electronics industries has fueled the demand for superhydrophobic coatings in the past few years. The market is projected to expand from a value of US$ 12.67 Mn in 2020 to US$ 319.52 Mn by 2031, at a prominent CAGR of 34.1% during the forecast period.
Expansion of Electronics & Telecommunication Industry Propels Market
The boom witnessed by the electronics & telecommunication industry, globally, is a key factor driving the global market for superhydrophobic coatings. Superhydrophobic coatings are extensively utilized in electronics and telecommunications, as they are heat resistant and easily applied on the surface. They are useful in shielding sensitive electronic parts that can be easily damaged by water. The rise in demand for water-resistant electronic products is expected to increase further over the next couple of years, owing to rising disposable incomes of people and consequent demand for superior & durable products, thereby propelling the superhydrophobic coatings market.
Superhydrophobic Coatings Market Players
Some of the prominent participants in the global market for superhydrophobic coatings are The Sherwin-Williams Company, P2i Limited, DryWired, LLC, Cytonix, LLC, Surfactis Technologies, UltraTech International, Inc., NEI Corporation, Sto Group, Nanex Company, NTT Advanced Technology Corporation, Artekya Ltd., Lotus Leaf Coatings, Inc., Rust-Oleum Corporation, and Aculon, Inc.
Global Superhydrophobic Coatings Market: Segmentation
Superhydrophobic Coatings Market, by End-use
- Electronics & Telecommunication
- Building & Construction
- Textile & Leather
- Medical & Health Care
Superhydrophobic Coatings Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
- South Africa
- GCC Countries
About Chemicals & Materials Industry at Transparency Market Research
In-depth insights and expert analysis of the chemicals & materials sector provided by our reports is well grounded. Experts dive deep into product innovations and novel applications, along with changing consumer preferences in the progressing chemicals & materials industry. A detailed discussion on environmental implications of the chemicals & materials sector and how development of bio-based and renewable chemicals are setting new trends substantiate us to be the choice of established and new vendors.
Our league of pundits can take your business to the next level. Connect to know more
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our Report to take the right decision.View Report