Increasing development of water-repellent materials has recently attracted a lot of attention due to a wide range of applications that these surfaces offer hence, expecting favorable hydrophobic coatings market growth. Self-cleaning surfaces, stain-resistant textiles or anti-icing Coatings, anti-fouling materials, are just some examples that show the potential of these materials. Additionally, the development of paints and Coatings for outdoor use will further propel product demand.
China fluoropolymer based hydrophobic coatings market size is expected to surpass $110 million in the projected timeframe owing to increasing electronic regional market. It is resistant to acids, solvents and friction. Increasing consumer preference towards high-quality electronic products along with rising investment in Coatings industry braced by an implementation of sustainable techniques will have a positive impact on market growth.
Expected Hydrophobic Coatings Market Growth Drivers:
- North America: Growing medical equipment market in the region owing to the extensive presence of hospitals and public health institutions;
- Europe: Growing automotive industry in the region is anticipated to fuel product demand by 2024;
- Asia Pacific: Growing construction sector in the region;
- Asia Pacific: Expanding upstream oil & gas sector
Heavy capital expenses in infrastructure capabilities, expensive treatment and corrosion in contrast to easily available substitute including hard-wax will restrict industry profitability, thus affecting hydrophobic coatings market price trends. Emissions released by overheated PTFE are toxic to humans & animals and does not provide same resistance to deterioration which may bound industry growth.
Hydrophobic coatings market size from a medical application is anticipated to exceed $60 million by 2024. With the product properties of repellency to fluids, blood, and tissue sheets which slide off easily. It keeps surgical tools clean and reduces risks of infection and contamination in patients owing to its anti-microbial, self-cleaning and antifouling properties, thus stimulating product demand.
Metal substrate segment may witness strong gains up to six percent by 2024. The product is transparent fluid resistant and durable which has been developed for corrosion mitigation. They have high concentration than traditional organic polymer Coatings and are electrically protecting, ensuring improved barrier properties to water and corrosion. Metals attract water owing to electromagnetic attraction causing corrosion. The product can be applied easily and safely without complications machinery which would boost market growth.
U.S. titanium dioxide based hydrophobic coatings market size is anticipated to exceed $20 million in the projected timeframe owing to anti-smudging and easy-to-clean properties. They are very effective for developing durable and mechanically stable Coatings that can also serve as a barrier. It has extensive usage in cement, paints, window glasses & textiles application which will contribute towards regional product demand.
Hydrophobic coatings market size from the anti-microbial property may witness significant gains up to four percent by 2024. Antibacterial and water-repellent Coatings on textile surfaces are being increasingly utilized as they are healthier and more comfortable on garments in daily life. Manufacturers are using sol-gel techniques which have recently attracted a wide attention to developing innovative high value-added products.