Hydrophobic sprays make the surface water repellent to prevent it from corrosion and other moisture related damages.
Geographically, global hydrophobic sprays market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific and Rest of World. North America is believed to dominate the global hydrophobic sprays market followed by Europe. However, Asia-Pacific is envisioned to behold the fastest growth over the forecast period i.e. 2015-2021.
Based on applications, the global hydrophobic spray market is segmented into:
The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Growth Drivers and Challenges
Rapid expansion in the global textile industry, healthcare and electronic industry are the major factors which are expected to augment the growth of global hydrophobic spray market in coming 5-6 years.
However, rising environmental, health concerns and lacking skilled labour are expected to dampen the growth of global hydrophobic spray market in future.
Market Size and Forecast
North America hydrophobic spray/coatings market is likely to get escalated from rapidly expanding manufacturing industry in the region (manufacturers contributed $2.17 trillion to the U.S. economy). The U.S. is expected to be the largest hydrophobic spray market in North America followed by Canada.
Europe hydrophobic spray market is anticipated to witness a steady growth owing to escalating demand of hydrophobic sprays from up-surged vehicle and textile industry in some of the major European countries such as Germany, Italy, France, Spain and the U.K.
Hydrophobic spray market in Asia-Pacific is projected to get bolstered by increasing developments in textile, medical, electronics and real-estate sector. In addition to that, rapidly growing household income/per capita income in some of the major countries such as India and China is expected to beef up hydrophobic spray demand over next few years.
Global hydrophobic spray market is very competitive and includes some of the top players such as 3M, Aculon, Inc, DryWired, NEI Corporation, Hydrobead, P2i Ltd, UltraTech International, Inc, NTT Advanced Technology, Autus Labs Pvt. Ltd, etc.
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