(MENAFN- Ameliorate Digital Consultancy)
Hydrophobic coatings market in North American region revenue has growing with the innovations in the aerospace sector and soaring production of passenger vehicles. Demand for hydrophobic coatings has become pronounced in automotive windshields, surgical tools and healthcare devices. Decision-makers are expected to invest in anti-corrosive and antifouling coatings.
Gradual growth in the construction industry, as well as advancements in nanoparticles, is likely to propel the dynamics of hydrophobic coatings across the U.S. and Canada. These coatings have become popular in surgical tools and instruments owing to the coating's repellency to blood, fluids and urine. Industry growth will largely depend upon developments in the end-use industries, including automotive, healthcare, construction and marine. According to an estimate, the hydrophobic coatings market in North American region size will surpass USD 525 million by 2026.
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Leading companies are likely to emphasize these trends to expand their penetration in untapped areas in North America:
1. Anti-corrosion properties to remain standout
Strong demand for anti-corrosion hydrophobic coatings will be noticeable in the medical, construction, automotive, maritime and aerospace industries. Specifically, automakers increasingly prefer corrosion resistance products for glass components and exterior metals. The anti-corrosion hydrophobic segment could account for a significant share of the hydrophobic coatings market in North American region by 2026.
2. Fluoropolymers to be a key product
Market makers have exhibited an increased inclination for fluoropolymers to boost corrosion resistance, solvent resistance and chemical inertness. Fluoropolymer hydrophobic coatings have found increased penetration in the automotive, maritime and automotive sectors. Stakeholders expect fluoropolymers to gain prominence in a high-temperature and harsh chemical environment. Prominently, fluoropolymer coatings are manufactured to resist hostile environments of chlorinated pool facilities, industrial manufacturing plants and medical establishments.
3. Metal substrates to garner a considerable share
Growth prospects for hydrophobic coatings are notable in protecting metal surfaces against aggressive environmental factors. These coatings are sought in industrial machines, marine vessels, medical equipment, aircraft and automotive to contain surface contamination and corrosion. The metalworking industries are exploring growth opportunities in automotive, mining, aerospace and consumer electronics. The hydrophobic coatings market in North American region from metal substrate applications is forecast to witness a robust growth rate through 2026.
4. Automotive industry is a prominent end-user
The automotive sector is poised to be the major hydrophobic coatings market in North American region across passenger and commercial vehicles. Surging demand for anti-wetting, anti-corrosion hydrophobic coatings will bolster the industry size expansion. Some of the upsides such as paint protection have triggered the adoption of hydrophobic coatings. The automotive hydrophobic coatings market in North American region could generate considerable revenue in the North America market through 2026.
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5. The U.S. witnesses increased adoption from aerospace sector
The U.S. is likely to provide lucrative growth opportunities with soaring demand from the aerospace industry. Leading companies are bolstering the foothold of innovative coating technologies in the aviation industry to gain a stronghold in the landscape. The U.S. hydrophobic coating market share will witness an appreciable gain by 2026.
Key vendors such as DuPont de Nemours, Inc., BASF, Aculon, 3M Group, Nippon Paint Holdings Co. Ltd., Akzo Nobel and Aculon have made hydrophobic coatings market in North American region competitive. These companies could involve in mergers & acquisitions, product launches and partnerships. With the growing popularity of hydrophobic coatings across the automotive, aerospace and marine industries, prominent players are likely to inject funds into the North America market.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Hydrophobic coatings market in North American region assumptions & forecast parameters
1.3 Appendix
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
Chapter 2 Executive Summary
2.1 Hydrophobic coatings market in North American region summary, 2015 – 2026
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Substratetrends
2.1.4 Property trends
2.1.5 Application trends
2.1.6 Country trends
Chapter 3 Hydrophobic coatings market in North American region Insights
3.1 Industry segmentation
3.2 Industry outlook, 2015 – 2026
3.3 Value Chain
3.4 Regulatory overview
3.5 Hydrophobic coatings market in North American region factor analysis
3.5.1 Growth drivers
3.5.2 Growth restraints
3.6 Competition review
3.7 Porter's analysis
3.8 PESTEL analysis
3.9 Impact of COVID-19 on hydrophobic coatings demand by application
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