Hydrophobic Coatings Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022

Pages: 120

SKU: IRTNTR72600

Snapshot

The hydrophobic coatings market share is expected to increase by USD 519.19 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5%.

This hydrophobic coatings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hydrophobic coatings market segmentation by end-user (automotive, building and construction, aerospace, marine, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The hydrophobic coatings market report also offers information on several market vendors, including 3M Co., AccuCoat Inc., Aculon, Advanced Nanotech Lab, Anhui Sinograce Chemical Co. Ltd., Artekya Technology, BASF SE, CYTONIX, Drywired, Lotus Leaf Coatings Inc., NEI Corp., NeverWet LLC, Nippon Paint Holdings Co. Ltd., NTT Advanced Technology Corp., P2i Ltd., Pearl Global Ltd., PPG Industries Inc., Sto SEA Pte. Ltd, Surfactis Technologies, The Sherwin-Williams Co., and UltraTech International Inc. among others.

What will the Hydrophobic Coatings Market Size be During the Forecast Period?

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Hydrophobic Coatings Market: Key Drivers, Trends, and Challenges

The growing demand from the building and construction industry is notably driving the hydrophobic coatings market growth, although factors such as stringent environmental regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hydrophobic coatings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hydrophobic Coatings Market Driver

The growing demand from the building and construction industry is one of the key drivers supporting the hydrophobic coatings market growth. Growing industrialization and a surge in the manufacturing sector are fueling the consumption of hydrophobic coatings in the region. The growth of the automotive and construction industries is high in the emerging economies of APAC amid rising GDP numbers. Hydrophobic coatings in building and construction applications are used in pipes and fittings, foundations, and others. The building and construction sector in APAC is one of the largest sectors undergoing rapid development. The sector's significant growth will accelerate the consumption of plastics in the region. In India, government initiatives such as smart city projects and the Housing for All by 2022 plan will drive the construction industry during the forecast period. Therefore, the demand for hydrophobic coatings in APAC is expected to surge significantly during the forecast period.

Key Hydrophobic Coatings Market Trend

The rise in the demand for waterborne hydrophobic coatings is another factor supporting the hydrophobic coatings market growth. Waterborne coatings offer excellent adhesion. Hence, additional additives, thinners, or hardeners are not required, thus reducing overall costs in comparison to solvent-borne coatings They have a longer pot life, which enables the preservation of waterborne coatings for future use in cases where a solvent-borne coating can react with the substrate, waterborne coatings are the ideal choice. Painting and coating manufacturers are rapidly transitioning toward the use of powder and waterborne coatings. This comes amid growing demand and innovative opportunities offered by waterborne coatings compared to their solvent-borne counterparts. Thus, the increasing use of waterborne coatings will bolster the demand for hydrophobic coatings during the forecast period.

Key Hydrophobic Coatings Market Challenge

Stringent environmental regulations is one of the factors hindering the hydrophobic coatings market growth. For instance, the regulatory requirement in Southern California mandates the use of VOC-free tinting bases for architectural base colors. Key market vendors had to accommodate this new requirement and install new dispensers capable of handling fast-drying, low-, or no-VOC colorants for architectural paints and coatings. Similarly, in the EU, the Restriction of Hazardous substances directive focuses on safeguarding the environment. It directs vendors to use chemical products that do not contain hazardous substances such as mercury, lead, and others. Hence, vendors are increasingly focusing on developing high-solid solvent-borne coatings that are relatively eco-friendly and regulation-compliant. Such regulations on the use of VOCs will negatively impact the global hydrophobic coatings market during the forecast period.

This hydrophobic coatings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global hydrophobic coatings market as a part of the global specialty chemicals market.. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hydrophobic coatings market during the forecast period.

Who are the Major Hydrophobic Coatings Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the hydrophobic coatings market encompasses successful business strategies deployed by the key vendors. The hydrophobic coatings market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Accucoatinc.com - The company offers a wide range of thin film optical coatings such as anti-reflective, beamsplitters, dichroic and metal mirrors, filters, and ITO coatings for global customers.
Aculon.com - The company offers products such as hydrophobic coatings.
Artekya.com - The company offers products such as superhydrophobic coatings.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hydrophobic coatings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hydrophobic Coatings Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hydrophobic coatings market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Hydrophobic Coatings Market?

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44% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for hydrophobic coatings market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rise in government initiatives will facilitate the hydrophobic coatings market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 has negatively impacted the sales of hydrophobic coatings from key APAC countries, such as China, India, and Taiwan. However, the lifting of lockdown restrictions, the resumption of operations in the end-user industries, and the initiation of large-scale COVID-19 vaccination drives helped the regional market recover in 2021. Therefore, the regional market is expected to witness steady growth during the forecast period.

What are the Revenue-generating End-user Segments in the Hydrophobic Coatings Market?

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The hydrophobic coatings market share growth by the automotive segment will be significant during the forecast period. The automotive end-user segment accounted for the largest market share in 2021. The demand for hydrophobic coatings by the automotive industry is driven by its self-cleaning property and visual aesthetics, unlike hydrophilic coatings. Their manufacturers use such coatings in the production of new vehicles and for aftermarket purposes such as vehicle repair and refinishing. Such properties will drive market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hydrophobic coatings market size and actionable market insights on post COVID-19 impact on each segment.

Hydrophobic Coatings Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5%
Market growth 2022-2026	$ 519.19 million
Market structure	Fragmented
YoY growth (%)	3.9
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 44%
Key consumer countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., AccuCoat Inc., Aculon, Advanced Nanotech Lab, Anhui Sinograce Chemical Co. Ltd., Artekya Technology, BASF SE, CYTONIX, Drywired, Lotus Leaf Coatings Inc., NEI Corp., NeverWet LLC, Nippon Paint Holdings Co. Ltd., NTT Advanced Technology Corp., P2i Ltd., Pearl Global Ltd., PPG Industries Inc., Sto SEA Pte. Ltd, Surfactis Technologies, The Sherwin-Williams Co., and UltraTech International Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hydrophobic Coatings Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive hydrophobic coatings market growth during the next five years
Precise estimation of the hydrophobic coatings market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the hydrophobic coatings industry across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of hydrophobic coatings market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 Automotive - Market size and forecast 2021-2026
- Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)

5.4 Building and construction - Market size and forecast 2021-2026
- Exhibit 32: Chart on Building and construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Building and construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Building and construction - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Building and construction - Year-over-year growth 2021-2026 (%)

5.5 Aerospace - Market size and forecast 2021-2026
- Exhibit 36: Chart on Aerospace - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Aerospace - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Aerospace - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Aerospace - Year-over-year growth 2021-2026 (%)

5.6 Marine - Market size and forecast 2021-2026
- Exhibit 40: Chart on Marine - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Marine - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Marine - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Marine - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by End-user
- Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 India - Market size and forecast 2021-2026
- Exhibit 90: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on India - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption

9.4 Industry risks
- Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 99: Vendors covered

10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification

10.3 Aculon
- Exhibit 101: Aculon - Overview
- Exhibit 102: Aculon - Product / Service
- Exhibit 103: Aculon - Key offerings

10.4 Artekya Technology
- Exhibit 104: Artekya Technology - Overview
- Exhibit 105: Artekya Technology - Product / Service
- Exhibit 106: Artekya Technology - Key offerings

10.5 CYTONIX
- Exhibit 107: CYTONIX - Overview
- Exhibit 108: CYTONIX - Product / Service
- Exhibit 109: CYTONIX - Key offerings

10.6 Lotus Leaf Coatings Inc.
- Exhibit 110: Lotus Leaf Coatings Inc. - Overview
- Exhibit 111: Lotus Leaf Coatings Inc. - Product / Service
- Exhibit 112: Lotus Leaf Coatings Inc. - Key offerings

10.7 NEI Corp.
- Exhibit 113: NEI Corp. - Overview
- Exhibit 114: NEI Corp. - Product / Service
- Exhibit 115: NEI Corp. - Key offerings

10.8 NeverWet LLC
- Exhibit 116: NeverWet LLC - Overview
- Exhibit 117: NeverWet LLC - Product / Service
- Exhibit 118: NeverWet LLC - Key offerings

10.9 Nippon Paint Holdings Co. Ltd.
- Exhibit 119: Nippon Paint Holdings Co. Ltd. - Overview
- Exhibit 120: Nippon Paint Holdings Co. Ltd. - Business segments
- Exhibit 121: Nippon Paint Holdings Co. Ltd. - Key offerings
- Exhibit 122: Nippon Paint Holdings Co. Ltd. - Segment focus

10.10 PPG Industries Inc.
- Exhibit 123: PPG Industries Inc. - Overview
- Exhibit 124: PPG Industries Inc. - Business segments
- Exhibit 125: PPG Industries Inc. - Key news
- Exhibit 126: PPG Industries Inc. - Key offerings
- Exhibit 127: PPG Industries Inc. - Segment focus

10.11 Surfactis Technologies
- Exhibit 128: Surfactis Technologies - Overview
- Exhibit 129: Surfactis Technologies - Product / Service
- Exhibit 130: Surfactis Technologies - Key offerings

10.12 UltraTech International Inc.
- Exhibit 131: UltraTech International Inc. - Overview
- Exhibit 132: UltraTech International Inc. - Product / Service
- Exhibit 133: UltraTech International Inc. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources

11.5 List of abbreviations
- Exhibit 140: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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