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Self-cleaning Coatings Market

Self-cleaning Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Self-cleaning Coatings: Introduction

  • Self-cleaning coatings are completely transparent and allow surfaces to be clean, stain resistant, and dry. Self-cleaning coatings are primarily used for applications such as solar panels, cars, etc. These coatings are also employed as waterproofing agents for wood, masonry, and tarpaulin.

Key Drivers of Global Self-cleaning Coatings Market

  • The self-cleaning coatings market is expected to expand at a significant pace during the forecast period. Expansion of building & construction, textile, and automotive sectors is anticipated to drive the demand for self-cleaning coatings in the near future.
  • Self-cleaning coatings are used in glasses of buildings, cars, and textiles to protect the surface from dust, germs, and water. These coatings can help save upon the cleaning cost for any infrastructure. Self-cleaning coatings are used on paints to prevent the paint solution from corrosion and provide added protection.
  • In textile manufacturing, self-cleaning coatings enable the fabric to become waterproof. They also lend germicidal property to the material. These coatings are used in electronics to make devices waterproof.

Building & Construction End-use Industry Segment to Dominate Global Market

  • Extensive usage of self-cleaning coatings in construction and automotive sectors is expected to boost the global market in the near future. Rapid growth of industrial and construction sectors in countries of Asia Pacific is anticipated to drive the demand for self-cleaning coatings in the region during the forecast period.
  • The building & construction end-use industry segment is estimated to dominate the global self-cleaning coatings market during the forecast period, owing to rise in construction and renovation of large building across the globe and increase in usage of self-cleaning coatings in commercial buildings

High Investment in Research & Development to Hamper Global Market

  • Production of self-cleaning coatings entails notable research and development. These coatings are considerably expensive compared to other paints and coatings used in construction and automotive sectors. This is projected to hamper the production of self-cleaning coatings.

Covid-19 Impact on Self-cleaning Coatings Market

  • The prevailing COVID-19 pandemic situation has weakened the demand for paints and coatings in automotive, construction, electronics, and white goods. The path to recovery of for the self-cleaning coatings industry is highly dependent on the duration of restrictions imposed and their influence on economic activities across the globe. This is likely to hamper the demand for self-cleaning coatings in 2020 and 2021.
  • Contrary to the trend prevalent in the industry in general, demand for certain segments of the market such as self-cleaning coatings with antimicrobial properties has been rising even during the Covid-19 pandemic

North America to Hold Significant Share of Global Self-cleaning Coatings Market

  • In terms of region, the global self-cleaning coatings market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is anticipated to hold key share of the global self-cleaning coatings market during the forecast period. Rise in construction of glass commercial buildings is driving the self-cleaning coatings market in the region.
  • The market in Asia Pacific is anticipated to expand at a significant pace during the forecast period, owing to the presence of well-established construction and automotive industries in the region. China, India, Japan ASEAN countries, and Australia are expected to contribute significantly to the expansion of the market in Asia Pacific in the near future.

Key Players Operating in Market

The global self-cleaning coatings market is a consolidated with the presence of large international players. However, small- and medium-sized domestic players also operate in the market. This makes the market highly competitive. Prominent players operating in the global self-cleaning coatings market include:

  • AkzoNobel N.V.
  • Sherwin Williams Company
  • PPG Industries Inc.
  • BASF SE
  • Axalta Coating Systems Ltd.
  • Arkema

Global Self-cleaning Coatings Market: Research Scope

Global Self-cleaning Coatings Market, by Type

  • Hydrophobic
  • Hydrophilic

Global Self-cleaning Coatings Market, by End-use Industry

  • Building & Construction
  • Automotive
  • Textile & Apparel
  • Others

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