Hydrophobic Coatings Market Size

Hydrophobic Coatings Market Size

Hydrophobic Coatings Market size was recorded at over USD 1.8 billion in 2021. Driven by soaring demand for medical equipment, the industry is expected to grow at more than 5.5% CAGR from 2022 to 2030.

Hydrophobic coatings help in repelling water deposition on the surface, making products anti-absorbent. The growing number of construction projects around the world as a result of rapid migration and urbanization, especially in Asia’s emerging economies, will support market growth.
 

Governments from developing nations are implementing initiatives to improve the economic state of the country, which is positively impacting the overall market statistics. For Instance, in December 2021, Indian researchers from the International Advanced Research Centre for Powder Metallurgy & New Materials (ARCI) developed super-hydrophobic coatings that can enhance the corrosion resistance of stainless steel. The team examined the innovation and aims to use it in industrial applications in marine, machinery, electronic parts, piping, power, and nuclear sectors.
 

The expanding automotive industry as a result of increasing disposable income and changing lifestyle choices will also boost the hydrophobic coatings market forecasts. The firms in the field are majorly engaging in consistent research and development activities and entering into strategic mergers, acquisitions, and partnerships to strengthen their market position. Private and public investment for product penetration in varied applications will also elevate the strategic landscape of the industry.