Global Superhydrophobic Coatings Market by Raw Material (Carbon Nanotubes, Silica Nanoparticles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2015, the global superhydrophobic coatings market was worth USD 5.8 million. The market is driven by a rising demand for consumer electronics that have highly water-repellent characteristics to protect sensitive data.

Because they are biometrically inspired from natural sources like the desert beetle and lotus leaf, superhydrophobic coatings may be applied to any surface. Technological advances have enabled the creation of transparent coatings that are high in optical clarity. These coatings are being used increasingly in materials, displays, and other non-fogging products.

Superhydrophobic anti-microbial surfaces are gaining popularity in healthcare because of their high water resistance, safety, biocompatibility, and impermeability. Superhydrophobic coatings have been widely used, but they are still not commercially available. Their production processes are complex and expensive.

The product's other advantages, such as the adjustable water contact angles, have encouraged the development water corrals for drug screen, combinational chemistry and other related applications. The products are currently not durable and cannot withstand harsh handling or duress. This has limited their use in industrial or commercial applications.

As new players look to commercialize, however, prices will likely drop in the future. Major companies like the Sandia Corporation or Rust-Oleum Company are currently working on technological innovations and product R&D. This will provide lucrative opportunities to new market entrants.

Global efforts to conserve water and government regulations have led to a high dependence on self-cleaning technologies. This is vital for industry growth. The demand for anti-wetting, antiicing and anti-microbial surfaces will be affected by increasing consumer awareness over the forecast period.

These coatings have many benefits and functions, including water-repellent and de-icing, antifouling, self-cleaning and anti-corrosion. These coatings can be subject to degradation and erosion under extreme load-bearing situations.

In order to provide long-lasting waterproof properties, major industries like textiles footwear and footwear are actively marketing and investing in superhydrophobic coats. Their products are now less susceptible to water damage and subsequent corrosion. This will be driven by the growing demand for self-cleaning technologies in the solar energy sector to improve energy efficiency.

Raw Material Insights

Because of their unique mechanical and electrical properties and their hollow and lightweight characteristics, carbon nanotubes will continue to be a leader in the industry. This segment is expected to account for 32.2% of the total volume by 2024. The material's high cost of production is likely to limit its growth in the future.

Other raw materials like Calcium carbonate and the oxide polystyrenes manganese-zinc are expected to be the fastest-growing segments, with a volume-based annual growth rate of 10.3% during the forecast period. They are more durable than gel-based coatings which has fueled their demand in the global marketplace.

Because of their low cost and availability, Silica nanoparticles will likely remain the most economically viable raw materials. Although these gel-based raw materials were the most popular, their market share has declined due to more sustainable options.

Property Insights

Antimicrobial coatings have dominated the industry due to the high demand from healthcare and medical professionals. This segment is expected to grow at 9.1% during the forecast period. These highly water-repellent surfaces are less likely to harbor deadly pathogens. To make biocompatible, water-repellent surgical instruments, medical devices, as well as nonwovens, such as gloves and operating gowns, anti-microbial materials are being used more frequently.

Anti-icing and anti-wetting coatings will be key property segments. Together, they are expected to account for over 65.0% of the market by 2024. Over the forecast period, technological advancements and the development of durable nanomaterials for stainless steel substrates will be key determinants in shaping industry dynamics.

End-use Insights

Due to growing consumer demand for water-repellent and self-cleaning consumer electronics like smartphones, and other products such as solar panels , the electrical and electronics sector emerged as a major market. This segment is expected to account for 24.8% of total revenue by 2024.

Due to rising demand for superhydrophobic, anti-microbial equipment and materials, the medical and healthcare industry is expected to be the fastest growing. Superhydrophobic coatings manufacturers are expected to find lucrative opportunities in other industries, such as optical and transportation. These industries are able to take advantage of technological innovations that will overcome current migration and durability problems.

Regional Insights

North America was the market leader in superhydrophobic coatings worldwide due to its large number of companies that invest heavily in this industry. The market is also being driven by economic recovery and increased demand for high-tech consumer electronics.

Asia Pacific is expected to experience the greatest growth, with a CAGR exceeding 10.2% during the forecast period. This is due to the availability of low-cost raw materials and the expansion of the electronics industry. The industry is also driven by consumer awareness about the benefits of these coatings in automotives, textiles and food packaging.

Market participants also have lucrative opportunities in South America and Central America, due to the many construction activities that were undertaken in preparation for Rio Olympics 2016. These coatings can be applied to non-residential buildings, such as sports complexes, in order to reduce corrosion and improve waterproofing.

Market Share in Superhydrophobic Coatings

While Rust-Oleum and other major industry players dominate the global market, with their industrial and consumer brands like NeverWet brand, newer market entrants are pursuing R&D to be competitive in the market. In recent years, the level of competition has increased due to the rise of international and domestic companies that focus on products for electronics.

P2i International Ltd., UltraTech International Inc., Lotus Leaf Inc., NEI Corporation, NTT Advanced Technology; Hydrobead.; Aculon.; Pearl Nano.; United Protec.; DryWired. Advanced NanoTech Lab (India); Hirec Paints.

Up Market Research published a new report titled “Superhydrophobic Coatings Market research report which is segmented by Raw Material (Carbon Nanotubes, Silica Nanoparticles), By Players/Companies P2i International Ltd; UltraTech International Inc; Lotus Leaf Inc; NEI Corporation; NTT Advanced Technology; Hydrobead; Aculon; Pearl Nano; United Protec; DryWired; Advanced NanoTech Lab (India); Hirec Paints; and Surfectis Technologies”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Superhydrophobic Coatings Market Report Segments:

The market is segmented by Raw Material (Carbon Nanotubes, Silica Nanoparticles).

Superhydrophobic Coatings Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Superhydrophobic Coatings Market

Overview of the regional outlook of the Superhydrophobic Coatings Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Superhydrophobic Coatings Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Superhydrophobic Coatings Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Carbon Nanotubes

                2. Silica Nanoparticles

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Superhydrophobic Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Superhydrophobic Coatings Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.