Superhydrophobic Coatings Market is projected to grow at a CAGR of 32% during the forecast period 2022-2029.
Superhydrophobic coatings are nanoscopic surface layers that repel water. Fluids (in particular water) are unable to wet such surfaces. Droplets hitting such surfaces are rebounded back. The contact angles of a water droplet on a superhydrophobic material exceed 150 degrees. Many superhydrophobic surfaces occur naturally in nature. they seem on the leaves of the Lotus plant and at the rear of assorted insects. These coatings are sprayed onto any object to impart their properties to its surface. Such coatings have water repellency, anti-icing, anti-fogging, and to some extent, cleaning properties.
The global marketplace for the Superhydrophobic Coatings Market is primarily driven by the growing adoption of superhydrophobic materials and their increasing applications within the electrical and electronic sectors. In terms of demand, the electronics and telecommunication sector accounted for about 32.0% of the superhydrophobic coatings market in 2015. Water is the leading reason behind the loss of function in electronic devices. IDC estimates that each day, 900,000 smartphones are damaged by liquid. within the present civilization of life addicted to the employment of electronic devices, we depend on waterproof artificial materials to shield electronics from being damaged. There is, therefore, an incredible opportunity to supply consumers with protection for their electronics against water and moisture damage. Liquid repellent, thermal, conductive, magnetic, and anti-corrosive superhydrophobic coatings are expected to search out an oversized marketplace for themselves within the forecast years.
Moreover, the increasing number of construction sites and buildings around the world thanks to the ever-growing population is predicted to spice up the market. These Superhydrophobic coatings are environment-friendly and highly compatible with concrete, masonry, ceramics, and composite substrates. These coatings may be used for waterproofing applications on ceramic floor and wall tiles, cement walls, and roofs in exterior and interior constructions.
Market Segment Analysis
By application, the world Superhydrophobic coatings market is bifurcated into Water Repellency, Self-cleaning, Anti-corrosiveness, and Anti-icing. The water repellency contributes to the bulk of the usage of superhydrophobic coatings within the market.
By Material, the world Superhydrophobic coatings market is segmented into Silica-based coatings, nanotube structures, Manganese oxide polystyrene, and fluorinated silanes. The silica-based surfaces are perhaps the foremost cost-effective use. The gel-based and might be easily applied either by dipping the item into the gel or via aerosol spray.
By end-users, the world Superhydrophobic Coatings market is segmented as Electronic Industry, Building and construction sites, and Maritime and optical Industries. Electrical and Electronic is the dominant leader when it involves end-users of the Superhydrophobic coatings market due to their wide applications of it within the industry.
By Geography, the world superhydrophobic market is segmented into North America, Asia-Pacific, Europe, South America, and therefore the Middle East and Africa.
North America leads the geographical production thanks to its regional players and also the massive investments made in Research and Development. as an example, one of the main players Aculon has doubled its laboratory space for research and production of superhydrophobic coatings. The regional players lead the world market with enormous economic recovery. Moreover, the increasing demand for consumer electronics in North America looks to propel the superhydrophobic coatings market within the forecasted years. A further one in every one of the worldwide leaders of nano-coatings, P2i Limited, claims to carry the best share of 28% in North America.
Following North America, the second-biggest market is found within the APAC region following which comes Europe. Asia is anticipated to own the very best rate thanks to the increasing rate of consumer electronics. inline with data from the International Data Corporation(IDC), there's an expected year-on-year waterproof smartphone shipment growth of two.6% in 2019. within the forecasted years it's expected to achieve 1.57 billion units in 2022 from 1.42 billion units in 2018. China, which holds 30% of the world's smartphones, is anticipated to grow at an increasing rate.
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Prominent Players Covered in the Market:
P2i Limited, NEI Corporation, Cytonix, NeverWet, Artekya Technologies, Aculon, PearlNano, Lotus Leaf Coatings, DryWired LLC, 3M.
The Full Report has the below insights.
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).
- Visualize the composition of the Superhydrophobic Coatings Market segmentation By By Application, By Material, By End User, and Region, highlighting the key commercial assets and players.
- Identify commercial opportunities in the Market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as porter's five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis.
- Excel data sheet with thousands of Market-level 4/5 segmentation data points.
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