Published Date : Aug 08, 2016
The global superhydrophobic coatings market is characterized by high capital investment and immense competition amongst the players constituting the market. These factors limit the scope of new companies entering the market. However, varied product solutions and technologies make the global superhydrophobic coatings market opportunity-laden market for new entrants. Another factor fuelling innovation in the superhydrophobic coatings is the thriving prospects in various end-use industries such construction, consumer electronics, and automotive industries.
Increasing Demand for Waterproof Electronics to Promote Adoption of Superhydrophobic Coatings
Large-scale deployment of the superhydrophobic coatings in the waterproof electronics owing to rising demand from the consumers has fuelled the growth of the global superhydrophobic coatings market. Their properties such as water repellency, easy application on the surface, and thermal stability ensure protection to the sensitive electronic products, thereby making them a popular choice for vendors in the global superhydrophobic coatings market.
Augmentation of Global Construction Industry to Propel Demand for Superhydrophobic Coatings
Other than electronics and telecommunication, superhydrophobic coatings are used in industries such as building and construction, textile and leather, healthcare and medical, optical, automotive, and power generation. The expansion in the global construction sector is likely to benefit the growth of the global superhydrophobic coatings market. The high usage of composite materials in the construction industry will prove to be lucrative for players in the superhydrophobic coatings market. These coatings find applications in the building and construction sector due to their high-temperature resistivity and effective barrier capacity against water and microbes. They are also highly compatible with ceramics, concrete, composite substrates, and masonry.
Also, the superhydrophobic coatings have extensive application in the textile and leather industry. The rising need for self-cleaning clothes for daily use and dirt-resistant protective clothing in the military sector will potentially boost the demand for superhydrophobic coatings in the textile and leather sector.
Increasing Infrastructure Activities in APAC to Present Opportunities for Superhydrophobic Coatings Market
Asia Pacific will exhibit substantial growth owing to rapid industrialization in various sectors such as consumer electronics, healthcare, and automotive. Also, rising residential construction and infrastructure activities in the emerging nations such as India, China, Thailand, South Korea, and Singapore.