The qualitative research study introduced by Global Market Insights, Inc. on Global Hydrophobic coatings market Report provides primary Data, surveys, Scope of the Product and vendor briefings.
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Hydrophobic coatings market from optical application will exceed USD 65 million in projected timeframe. They optimize lens performance regarding its strength & ease of cleaning, transparency, reducing lens care time, and increasing visual comfort. It comprises of a hardening layer that intensifies resistance of lens to wear and tear over time through protecting it from agents such as dirt and scratches that would damage lens hence propelling the market growth.
Hydrophobic coatings market from textile substrate may observe significant gains up to 5.5% by 2024 owing to its easy to cleanability. The product imparts many functional properties including antibacterial, gas barrier, UV resistance, abrasion resistance, and flame retardancy. The product being biodegradable in nature would drive the market demand further in end-use industries.
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Hydrophobic coatings market from anti-icing property is anticipated to surpass USD 590 million in the projected timeframe. Ice accumulation on aircraft surface affects a several communication & sensing equipment, making pilot misapprehend the flight speed, and weather conditions. Accumulation of ice on aircraft is a probable threat to aviation security, thus restricting development of industry and seriously affecting human life. By applying the coating to surface of aircraft, it could help prevent buildup of ice deposits, hence boosting market growth.
Growing preference for water proof coatings which can be easily applied on different substrates including glass, metals, leather, ceramics, and polymer would drive hydrophobic coatings market growth. They provide resistance to scratch, abrasion, corrosion and are dirt repellant. They are versatile and utilized for multiple purposes.
Strong demand outlook for hydrophobic coatings in aerospace, automotive, construction and oil & gas industries should propel product demand. High consumer awareness and inclination towards bio-based products due to their low toxicity, environment friendly & biodegradability should drive market growth.
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Germany fluoropolymer market size from automotive application is anticipated to exceed USD 30 million by 2024 owing to presence of numerous regional automotive and OEM manufacturers. Research and development initiatives by various manufacturers and expansion in product portfolio will enhance its industry growth. Rising per capita income along with government support for bio-based manufacturing industry should further strengthen regional industry growth.
Stringent environmental regulations by various agencies including EU and FDA affecting utilization of fluorochemicals are expected to hamper industry growth due to high toxicity levels of these products. High cost of these products & its incapability to endure environmental pressure and rough climate would affect hydrophobic coatings market price trend.
Partial Chapter of the Table of Content:
Chapter 3 Hydrophobic Coatings Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.4 Vendor Matrix
3.4.1 Distribution channel analysis
3.4.1.1 Collaborations/Partnerships
3.4.1.2 Distributors
3.5 Regulatory landscape
3.5.1 U.S.
3.5.1.1 Environmental Protection
3.5.2 Europe
3.5.2.1 Limitation of emissions of volatile organic compounds due to the use of organic solvents in certain activities and installations
3.5.3 China
3.5.3.1 Controls and Requirements of the VOC Regulation
3.6 Raw material analysis
3.7 Technology landscape
3.7.1 Hydrophobic Coatings process
3.8 Pricing analysis
3.8.1 Regional pricing analysis
3.8.2 Cost structure analysis
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 North America: Growing medical equipment market in the region owing to extensive presence of hospitals and public health institutions.
3.9.1.2 Europe: Growing automotive industry in the region is anticipated to fuel product demand by 2024
3.9.1.3 Asia Pacific: Growing construction sector in the region
3.9.1.3.1 Asia Pacific: Expanding upstream oil & gas sector
3.9.2 Industry pitfalls & challenges
3.9.2.1 High cost, risk of damage during application and health concern
3.10 Innovation & Sustainability
3.11 Growth potential analysis, 2017
3.12 Emerging business model
3.12.1.1 Collaborations/Joint Ventures
3.12.1.2 Acquisition
3.12.1.3 New product launch
3.12.1.4 Contract Manufacturers
3.13 Porter’s analysis
3.14 Competitive landscape, 2017
3.14.1 Strategy dashboard
3.15 PESTEL analysis
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Global hydrophobic coating market share is highly competitive and moderately fragmented with major industry players includes 3M, Drywired, NeverWet, Nippon Paint, PPG, NEI Corporation, Abrisa Technologies, AkzoNovel, Aculon, Advanced Industrial and Prelco
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Organization: Global Market Insights, Inc.
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Website: https://www.gminsights.com/industry-analysis/hydrophobic-coatings-market
Source: MarketersMedia
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