Superhydrophobic Coatings Market 2016 Superhydrophobic Coatings Market - Global Industry

Superhydrophobic Coatings Market - Global
Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024
Superhydrophobic Coatings Market: Snapshot
The global superhydrophobic coatings market is fragmented and immensely
competitive, making it well-poised to register a double-digit growth rate during the
forecast period by revenue as well as volume. Although the need for high capital
investment might appear as a major challenge for new entrants, innovation in
product solutions and technologies present several opportunities for them in the
superhydrophobic coatings market.
The thriving automotive, construction, and consumer electronics industries have
fueled the demand for superhydrophobic coatings over the years. The market is
projected to rise from a value of US$2.90 mn in 2015 to reach US$37.1 mn by 2024
at an astounding CAGR of 34.3% during the forecast period. By volume, the
superhydrophobic coatings market will expand at a 37.3% CAGR from 2016 to 2024.
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Favorable Properties
Applications
of
Superhydrophobic
Coatings
Fueling
Newer
Superhydrophobic coatings find application in sectors such as electronics and
telecommunication, textile and leather, building and construction, automotive,
healthcare and medical, optical, and power generation.
In terms of demand, the electronics and telecommunication sector accounted for
approximately 32.0% of the superhydrophobic coatings market in 2015. The
segment is expected to witness significant growth during the forecast period owing
to the increasing applications of superhydrophobic coatings in consumer electronics,
semiconductors, and other electronic components.
The building and construction and automotive sectors are also a prominent end
users of superhydrophobic coatings. Superhydrophobic coatings are environment-
friendly and highly compatible with concrete, masonry, ceramics, and composite
substrates. These coatings can also be used for waterproofing applications on