by Hydrophobic coatings, also known as water repellent coatings, are surface treatments that prevent water or other liquids from adhering to surfaces. Commonly applied to electronic devices, architectural materials, textiles and automotive components, these coatings utilize chemicals that create a microscopically rough surface which causes liquid to bead up and roll off rather than soak in. This protects surfaces from corrosion, staining, frost and reduces cleaning needs. Hydrophobic coatings extend product lifetimes while lowering maintenance costs.
The Global Hydrophobic Coatings Market is estimated to be valued at US$ 1.39 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period from 2024 to 2031.
Key applications driving demand include consumer electronics where hydrophobic properties enhance device usability and durability.
Key Takeaways
Key players operating in the Hydrophobic Coatings market are Sharp Corporation, Apple Inc., Sony Corporation, ASUSTEK Computer Inc., LG Electronics, AU Optronics, Samsung Group, and Fujitsu Limited. The growing consumer demand for moisture and stain-resistant electronic devices is a major factor fueling the hydrophobic coatings industry. Asia Pacific holds the largest share of the global market due to the significant presence of leading electronic brands manufacturing hydrophobic coated products in the region.
Market key trends:
One of the key trends in the Hydrophobic Coatings Market Size is the increasing focus on developing environmentally sustainable products. Several coating manufacturers are investing in research to formulate hydrophobic coatings from bio-based ingredients and earth abundant elements to reduce environmental footprint. Meanwhile, advanced nano coating technologies that enable superhydrophobic properties with water contact angles over 150 degrees are also gaining traction in line with the demand for high-performance moisture barriers.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderately low as significant capital is required for R&D and the production of hydrophobic coatings. Established players have strong brand recognition and economies of scale.
Bargaining power of buyers: The bargaining power of buyers is moderate as the Hydrophobic Coatings Market Size and Trends is fragmented with a large number of global and regional players. Buyers can negotiate lower prices by playing competitors against each other.
Bargaining power of suppliers: The bargaining power of suppliers is moderately low due to the availability of substitute raw materials and commoditization of key ingredients like silicones and fluoropolymers. This allows buyers to source from multiple suppliers.
Threat of new substitutes: The threat of new substitutes is low as hydrophobic coatings have certain unique properties like water repellency and self-cleaning which are difficult to substitute.
Competitive rivalry: Competition is intense due to many regional and international players operating in the market.
Geographical Regions
Asia Pacific accounts for the largest share of the global hydrophobic coatings market, both in terms of value and volume. This is attributed to the rapidly growing construction and textile industries in the region’s major economies such as China and India. The construction sector in these countries is a major end-user of hydrophobic coatings for roofing, wall, and flooring applications.
North America is expected to be the fastest growing regional market during the forecast period due to increasing research into fluorochemical and silicone based coatings for next-generation aerospace, automotive, and medical applications in the US and Canada. These areas demand highly durable and chemically resistant coatings.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
