Rapidly Increasing Demand From the Textile Industry Is Also Expected to Boost the Demand for Superhydrophobic Coatings Market.
Superhydrophobic Coatings Market is forecast to reach $20.64 million by 2025, after growing at a CAGR of 25.6% during 2020-2025. Anti-microbial superhydrophobic surfaces are increasingly gaining popularity in the healthcare sector, on account of their water-resistance, impermeability, safety, and biocompatibility. Rapidly increasing demand from the textile industry is also expected to boost the demand for superhydrophobic coatings.
Superhydrophobic Coatings Market Segment Analysis – By Type
Anti-corrosion is the primary market for superhydrophobic coatings market. The anti-corrosion properties of epoxy composite coatings were improved by addition of functionalized fullerene C60 and graphene. Fullerene C60 has the shape of an icosahedron. It is built out of carbon atoms located at the nodes of 20 hexagons and 12 pentagons arranged in a cage lattice (diameter 0.7 nm) defined by alternating single and double bonds. The nanofillers strongly self-associate into ropes and other structures that are extremely difficult to disperse in polymers, especially graphene which forms irreversible agglomerates due to π–π stacking and van der Waals interactions.
Superhydrophobic Coatings Market Segment Analysis – By End Use
Electrical & Electronics coatings segment holds the largest share in the Superhydrophobic Coatings Market. Water is the main cause of lost function in electronic devices. Millions of mobile phones and many other devices are damaged by water annually. In the present civilization of life totally dependent on the use of electronic devices, we rely on waterproof artificial materials to protect electronics from being damaged. As wearable electronics become increasingly popular, multifunctional coatings to that do more than just repel water are being sought after. There is therefore a large opportunity to offer consumers protection for their electronics against water and moisture damage. Liquid repellent, thermal, conductive, magnetic and anti-corrosive nano-coatings have been applied inside and outside. Most major handheld electronics manufacturers have made their devices water resistant in the last few years.
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Superhydrophobic Coatings Market Segment Analysis – Geography
North America has dominated the Superhydrophobic Coatings Market. It mainly due to the factors such as the presence of major companies having high technological investments in the industry, economic recovery, and increasing demand for advanced consumer electronics. Some of the key factors driving this demand are the growing textile, automotive, and construction industries in the United States. Superhydrophobic coating is also used in self-cleaning. Every coated substrate exhibited super-hydrophobicity, with water contact angle is nearly 160° and sliding angle is less than 6°.
Superhydrophobic Coatings Market Drivers
Growing demand in Automotive sector
Nano coating formula contains both hydrophobic and hydrophilic properties, its application to vehicle paintwork will give you that “super hydrophobic” visual effect, along with superior scratch & abrasion resistance. Nano Coatings are both designed to provide protection and gloss that will surpass even the most particular client’s expectations. Nano Coating formulation will attract water (hydrophilic) and encapsulate dust or other debris and then the hydrophobic portion will repel the combined dirt and water from the car thereby making it self-cleaning. This dual layering is all that is needed to create an amazing 3-D effect on the paintwork.
Implementation of Stringent Environment Regulations
Government regulations and global efforts to promote water conservation have also led to high reliance on self-cleaning technologies, which, in turn, is crucial to industry growth. Growing consumer awareness regarding the benefits of anti-wetting, anti-icing, and anti-microbial surfaces is likely to impact demand over the forecast period.
Superhydrophobic Coatings Market Challenges
High Price raw Material
Raw materials, in the form of individual chemical constituents that are incorporated into paints and coatings, represent an exceptionally diverse and vitally important sub-set of the overall specialty chemicals industry. They may either be added to a paint or coatings formulation during the product manufacturing process—or, in the case of multiple-component coatings systems—may be used to make coating components intended to be combined in the field to produce reactive, limited pot life products. Coatings raw materials can be grouped into four broad categories of chemical constituents: Resins, Pigments, Solvents, Additives. So, due to the high price of raw material the end product rate becomes higher.
Impact of COVID 19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of international transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for superhydrophobic coatings.
Superhydrophobic Coatings Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Superhydrophobic Coatings Market. In 2019, the market of fuel additives has been consolidated by the top five players accounting for xx% of the share. Major players in the Superhydrophobic Coatings Market are P2i International Ltd, UltraTech International Inc, Lotus Leaf Inc, NEI Corporation, NTT Advanced Technology among others.
In May 2017, Veeco Instruments Inc., a global leader of advanced thin film etches and deposition process equipment, has successfully completed its acquisition of Ultratech, Inc., a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and LEDs.
North America dominates the Superhydrophobic Coatings Market owing to increasing demand from various end use such as electrical & electronics, Medical and Others.
The growing popularity hydrophobic technologies, is likely to aid in the market growth of superhydrophobic coatings.
Whereas anti-corrosive nano-coatings demand will increase the market demand for superhydrophobic coatings in the near future.
COVID-19 pandemic will create hurdles for the Superhydrophobic Coatings Market.
Related Reports :
A. Textile Coatings Market
B. Anticorrosion Coatings Market
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