Superhydrophobic Coatings in the electrical and electronics industry is likely to boost product demand

Market Segmentation

The global superhydrophobic coating market has been segmented by raw material, property, end-use industry, and region.

Based on raw material, the market has been segmented into carbon nanotubes, silica nanoparticles, graphene, and others. The carbon nanotubes segment is expected to continue its dominance of the superhydrophobic coating market as the product is lightweight and hollow and offers unique mechanical, electrical, and thermal properties.

Silica nanoparticles are likely to remain the most economically viable raw material on account of their low cost and wide availability. Silica nanoparticles have conventionally been the most favored raw material, although the development of more sustainable materials has led to a decline in the market share

Based on property, the market has been segmented into anti-microbial, non-wetting, anti-corrosion, and others. The anti-microbial segment is expected to be the largest due to the increasing use of these coatings in the healthcare sector on account of their water resistance, impermeability, safety, and biocompatibility.

Based on end-use industry, the market has been classified as electrical and electronics, transportation and allied logistics, medical and healthcare, optical, construction and building, textiles and leather, and others. The medical and healthcare segment accounted for the largest market share in 2017 owing to the increased demand for anti-microbial superhydrophobic surfaces in the medical & healthcare, as they are water resistant, impermeable, safe, and biocompatible. The segment is also expected to be the fastest-growing superhydrophobic coating market, by end-use industry.

Regional Analysis

Based on region, the superhydrophobic coating market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the largest share of the superhydrophobic coating market due to rising demand for the product in major end-use industries such as automotive, electrical and electronics, and medical and healthcare.

North America is expected to be the second-largest superhydrophobic coating market due to the increasing demand for electronic gadgets. Additionally, the established apparel and textile industry with changing fashion trends and high per capita income of consumers are driving market growth. Europe is a prominent market for superhydrophobic coatings due to the increasing demand for consumer electronics and digitalization.

The markets in Latin America and the Middle East & Africa are likely to witness rising growth during the review period due to the growth of major end-use industries in the regions.  

Competitive Analysis

Some of the key players in the global superhydrophobic coating market are P2i International Ltd (US), UltraTech International Inc. (US), Lotus Leaf Inc. (Mexico), Rust-Oleum (US), NEI Corporation (US), United Protective Technologies (US), Hydrobead (US), Aculon (US), NeverWet (US), Advanced NanoTech Lab (India), and Excel Coatings (India).

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