Superhydrophobic Coating Market Size to Reach USD 184.5 Million by 2032 growing at 25.3% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

Superhydrophobic Coating Market, valued at USD 19.6 Million in 2022, is projected to surpass USD 184.5 Million by 2032, indicating a robust CAGR of 25.3%.

The superhydrophobic coating market has grown significantly in recent years, due to the rising textile and footwear industry. Moreover, significant growth is expected due to the growing demand for electrical vehicles around the world and rising economy in various countries. The superhydrophobic coating is a lean surface layer made up of composite materials. Composite materials offer small surface energy and roughness. The textile industry, aerospace, marine applications, medical devices, nuclear reactors, automotive, sensing, and clinical diagnostics, these industries having diverse applications in superhydrophobic materials. However, a rising charge of raw materials, limited adoption in certain industries, and challenges related to durability are restraints for the superhydrophobic coating market. Furthermore, increasing demand for solar panels, growing environmental regulations and sustainability, and technological advancements prompted the superhydrophobic coating market. As a consequence, market participants are looking into new advancements, indicating a growing trend towards technological advancements in the superhydrophobic coating market.

Superhydrophobic Coating Market Value

Superhydrophobic Coating Market Statistics

  • The global market for superhydrophobic coatings reached USD 19.6 million in 2022, and is expected to experience a robust compound annual growth rate (CAGR) exceeding 25.3% from 2023 to 2032
  • North America led the market in 2022, commanding a substantial 42% share
  • The Asia-Pacific region is poised for impressive growth, with a projected CAGR of 27%
  • The anti-corrosion segment emerged as dominant in 2022, capturing a significant market share
  • The textile and footwear segment accounted for a noteworthy 43% share in 2022
  • A discernible trend in the superhydrophobic coating market is the increasing demand for electric vehicles

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Superhydrophobic Coating Market Dynamics

Growing Textile Industry Fuels the Superhydrophobic Coating Market Value

The superhydrophobic coating market is seeing significant growth, driven by the growing textile industry. China is the fastest-growing country in the superhydrophobic coating market. It contains both production and exports of textiles and garments since 2010. Additionally, China contains more than 50% of the production and exports of women's daily wear. Additionally, the superhydrophobic textile used in the hospitals for the cleaning process impacts the removal of hazardous microorganisms, pathogens, and odor from that particular garment. Furthermore, the increasing footwear industry further boosts the demand in the coming years. In the footwear industry, the superhydrophobic coating has applications in the antifogging and antibacterial. For instance, there was around 22.2 billion footwear manufactured approximately in 2021.

Increasing Demand for Solar Panels Offers Significant Superhydrophobic Coating Market Opportunity

Increasing demand for solar panels offers a significant opportunity in the superhydrophobic coating market. Firstly, steady development in the PV radiations further became an opportunity for the market. For instance, according to the International Energy Agency (IEA), PV radiations are experiencing a steady growth between the years 2023 to 2025 which is 25 GW. Moreover, growing requirements for solar power electricity around the world is also gaining traction for the superhydrophobic coating industry. For instance, in the year 2019, Germany added 4GW solar power capacity.

Superhydrophobic Coating Market Segmentation

The global market for superhydrophobic coating has been segmented into product type, end-use industry, and region.

  • Product type is categorized into anti-corrosion, anti-icing, self-cleaning, and anti-wetting.
  • End-use industry segment is sub-segmented into textile and footwear, automotive, building and construction, and upcoming end-industries.
  • The superhydrophobic coating market is geographically split into North America, Europe, Latin America, APAC, and the Middle East and Africa

Superhydrophobic Coating Market Regional Outlook

North America is the leading region in the superhydrophobic coating market. Countries like the U.S., Canada, and Mexico contain the presence of robust key players to boost the market value in the forecast year. For instance, according to the National Council of Textile Organizations, new facilities are produced in the production of the textile chain by U.S manufacturers. The facilities include the conversion of waste and other textiles into innovative textiles and resins. Furthermore, robust research and developments take place in this country in textile production. For instance, a new development in the textile material that is a conductive fabric with diverse anti-static properties is witnessed in the country. Additionally, electronic textiles examine the heart rate and other important indications. Overall, these advancements in the textile industry in the US is experiencing significant growth in the forecast year.

Asia-Pacific is the fastest-growing region in the superhydrophobic coating market. In the form of GDP, China is the fastest growing country in the superhydrophobic coating market. The country has the largest economy in the world. For instance, the Construction sector in China is growing rapidly with 24.84 trillion in 2019, according to the Revenue of the National Bureau of China. Additionally, rising urbanization in this country has also increased the residential sector around the nation. Overall, this will positively increase the growth of the superhydrophobic market in the coming years.

Additionally, Europe is the second-largest region in the superhydrophobic coating market. Increasing textile and footwear industry and growing demand for electrical vehicles further propel the growth. Countries like the U.K., Germany, France, and Spain, have the presence of a robust number of key players and thus due to their research and development activities Europe became the second largest region in the superhydrophobic coating market.

Superhydrophobic Coating Market Players

Superhydrophobic coating companies profiled in the report include Nanoshel LLC, Keronite, Surfectis Technologies, Hydrobead, Aculon, NTT Advanced Technology Corporation, NEI Corporation, Henkel AG & Co, United Protec, Hirec Paints P2i Ltd, UltraTech International Inc., NASIOL NANO COATING, Nanorh, and Others.

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Acumen Research and Consulting

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