PUNE, India, June 27, 2018 /PRNewswire/ --
ReportsnReports.com adds the global hydrophobic coatings market is estimated to be 10,022.5 tons in 2017 and is projected to reach 13,099.0 tons by 2022, at a CAGR of 5.5% between 2017 and 2022. Increased demand for hydrophobic coatings from the automotive, aerospace, building & construction, marine, textiles, electronics and medical end-use industries are expected to drive the hydrophobic coatings market, globally.
Browse 79 Market Data Tables and 25 Figures spread through 116 Pages and In-depth TOC on "Hydrophobic Coatings Market by Substrate Type (Metals, Glass, Concrete, Polymers, Ceramics), End-Use Industry (Automotive, Aerospace, Building & Construction, Marine, Textiles, Electronics, Medical), and Region - Global Forecast to 2022" at http://www.reportsnreports.com/reports/1516388-hydrophobic-coatings-market-by-substrate-type-metals-glass-concrete-polymers-ceramics-end-use-industry-automotive-aerospace-building-construction-marine-textiles-electronics-medical-and-region-gl-st-to-2022.html .
The major companies profiled in hydrophobic coatings market research report include Drywired (US), BASF SE (Germany), PPG Industries (US), The 3M Company (US), NeverWet (US), and NEI Corporation (US). These players have adopted strategies such as new product launches, expansions, and mergers & acquisitions to enhance their market shares and expand their distribution networks, globally.
APAC is estimated to account for the largest share of the hydrophobic coatings market in 2017, followed by North America. This high growth is due to the increasing demand for vehicles, increasing innovations in the aerospace industry, and increasing start-ups in the medical devices manufacturing sector. Apart from the automotive industry, focus on the aerospace industry and increasing investments in the building & construction industry are also projected to drive the hydrophobic coatings market in APAC.
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Automotive is expected to be the largest end-use industry of hydrophobic coatings during the forecast period. Hydrophobic coatings are used on windshields, headlamps, mirrors, and windows for improved visibility by 30-40% thereby reducing the number of accidents. This is expected to increase the usage of hydrophobic coatings in the automotive industry.
Key Target Audience:
- Suppliers of raw materials
- Manufacturers of hydrophobic coatings
- Traders, distributors, and suppliers of hydrophobic coatings
- Government & regional agencies
- Research organizations
- Investment research firms of coatings
The concrete substrate segment of the hydrophobic coatings market is projected to register the highest CAGR during the forecast period due to the growth of the building & construction industry. Hydrophobic coatings are used on concrete to avoid expansion, cracking, scaling, and crumbling. These hydrophobic coatings protect the concrete surface by increasing the angle of contact between the water droplet and concrete surface.
Growth of the APAC hydrophobic coatings market can be attributed to rapidly increasing demand from the automotive, aerospace, building & construction, marine, textiles, electronics, and medicals industries. This high growth is due to increasing demand for vehicles, increasing innovations in aerospace industry, and increasing start-ups in medical devices manufacturing sector of APAC.
Research report has categorized the hydrophobic coatings market on the basis of substrate type, end-use industry, and region. It includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the market. A detailed analysis of the key players has been done to provide insights on their business overviews, products & services, and key strategies.
The breakdown of primary interviews has been given below.
- By Company Type: Tier 1 -20%, Tier 2 - 55%, and Tier 3 - 25%
- By Designation: C Level - 50%, Director Level - 25%, and Others - 25%
- By Region: North America - 60%, Europe - 20%, APAC - 10%, Middle East & Africa-5%, and South America- 5%
Another research titled Smart Coatings Market is estimated at USD 2.15billion in 2017and is projected to reach USD 6.27billion by 2022, at a CAGR of 23.87% from 2017 to 2022. The growth of the market is driven by the increasing demand of many applications from end-use industries, such as automotive & transportation, aerospace & defense, marine, and building & construction mostly from the APAC region. The key companies profiled in this report include Akzo Nobel (Netherlands), PPG Industries (US), Axalta Coatings Systems (US), The Sherwin-Williams Company (US), Jotun A/S (Norway), RPM International (US), Hempel A/S (Denmark), and NEI Corporation (US) now available with discount at http://www.reportsnreports.com/contacts/discount.aspx?name=1371637 .
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