Global Superhydrophobic Coating Market to Grow by 2023 Due to Increasing Demand from Various Industries
Superhydrophobic coatings are defined as nanoscopic surface layers that can repel water. A new report on the global superhydrophobic coating market, published by Market Research Future (MRFR), predicts that this market can see growth between 2016 and 2023.
The critical market driver for the global superhydrophobic coating market growth is the increasing demand for superhydrophobic coating materials in various industries. The technological advancements like the development of highly transparent coatings with high optical clarity are also boosting the market growth. The major benefits of superhydrophobic coating include anti-fingerprint property, self-cleaning property, and anti-soiling property. Other market drivers for the global superhydrophobic coating market growth include demand for water-proof coatings, cost-effectiveness, increasing research & development (R&D) activities, and increasing demand for gadgets across the globe. The components of electronic items are very sensitive and sophisticated and hence, the need to cover them in dust-proof as well as water-proof increases.
Get Free Sample Request @ https://www.marketresearchfuture.com/sample_request/6308
The global superhydrophobic coating market segmentation encompasses end-user industry, property, and raw material.
Regarding end-user industry, this market has been segmented into construction & building industry, electricals & electronics industry, medical & healthcare industry, optical industry, transportation & allied logistics industry, textiles & leather industry, and others. Among these segments, the electricals & electronics industry segment is expected to lead the market with the largest share as the requirement from the industry is to offer cost-effective as well as durable electronics. Hence, the use of superhydrophobic coatings for protection of sensitive electrical components has to increase, boosting the market.
The property-based segmentation of the market covers anti-corrosion property, anti-microbial property, non-wetting property, and others. Based on raw material, the market has been segmented into carbon nanotubes, graphene, silica nanoparticles, and others.
A geographical outlining of the global superhydrophobic coating market covers the Asia Pacific (APAC), North America, Europe, Latin America (LATAM), and the Middle East & Africa (MEA).
The Asia Pacific region holds the largest global market due to the rapid growth of the electronics industry and construction industry in China, India, and several Association of Southeast Asian Nations (ASEAN) countries. Another factor aiding the market growth in this region are rapid urbanization of emerging economies due to the growth of the construction sector. Australia and New Zealand can also play significant roles in the APAC market. Japan is another critical country-specific market in this region.
During the forecast period, North America and Latin America are expected to witness increased market growth as the demand for automotive, and consumer electronics is increasing in both of these regions. North America is a prominent regional market due to the presence of major market players, significant investments in superhydrophobic coatings market, economic recovery, and subsequent demand for consumer electronics. In North America, the USA and Canada generate maximum market revenue.
In Latin America, the surge in the market can be attributed to the rising demand for automobiles and electronics. Operations of major market players in this region and low costs of production are also boosting the market here. The country-specific markets with maximum revenue in this region are Argentina, Brazil, and Mexico.
In Europe, the market can pace up during the forecast period due to the growing demand for the product in the UK and Germany. Other countries like France, Italy, Poland, Russia, and Spain can invest substantially.
In the MEA region, the market can grow due to rapid infrastructure development in this region. Priority country-specific markets in this region are Bahrain, Israel, Kuwait, North Africa, Oman, Saudi Arabia, Qatar, Turkey, and the UAE.
Big players in the global superhydrophobic coating market are Aculon (USA), Advanced NanoTech Lab (India), Excel Coatings (India), Hydrobead (USA), Lotus Leaf Inc. (Mexico), NEI Corporation (USA), NeverWet (USA), P2i International Ltd (USA), Rust-Oleum (USA), UltraTech International Inc. (USA), and United Protective Technologies (USA).
Latest Industry News
- At Shiv Nadar University, some researchers have invented a unique super-hydrophobic coating that can eliminate discoloration of the surface, physical damage, or corrosion of a product on a long-term basis. 3 SEP 2019
Browse Full Report @ https://www.marketresearchfuture.com/reports/superhydrophobic-coating-market-6308
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Market Dynamics Of Global Superhydrophobic Coating Market
5.6 Trends/Raw Material
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar