SAN FRANCISCO, November 10, 2016 /PRNewswire/ --
The hydrophobic coatings market is projected to reach USD 2.33 billion by 2025, according to a new report by Grand View Research, Inc. The demand for hydrophobic coatings is expected to grow on account of the increasing utilization in various application industries including automotive and construction. The growing emphasis on infrastructure development coupled rising standard of living in developing economies is expected to have a positive impact on the automotive and construction industry growth. As a result, the demand for the compounds is expected to witness significant growth over the next nine years.
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The increasing investment in research & development by key players in the market to enhance the product characteristics is expected to be a key strategy in increasing their market share. However, high cost of the technology attributed to the product is expected to restrain growth over the forecast period.
Browse full research report with TOC on "Hydrophobic Coating Market Size & Forecast By Property (Anti-Microbial, Anti-Icing/Wetting, Anti-Fouling, Anti-Corrosion, Self-Cleaning), By Application (Aerospace, Automotive, Construction, Medical, Optical), By Region And Trend Analysis From 2014 To 2025" at: http://www.grandviewresearch.com/industry-analysis/hydrophobic-coating-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the hydrophobic coatings market on the basis of property, application and region:
Access research insight: http://www.grandviewresearch.com/research-insights/hydrophobic-coatings-market-insights-rapidly-growing-apac-region
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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