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CHEMICALS AND ADVANCED MATERIALS

Hydrophobic Spray Market Segmentation by Product Type (Self-Cleaning, Anti-Corrosion, Anti-Wetting, Anti-Microbial, and Anti-Icing); by Substrate (Metal, Glass, Polymer, Concrete, Ceramics, and Others); by End User (Automotive, Aerospace, Textile, Construction, Medical, Electronics, and Others) – Global Demand Analysis & Opportunity Outlook 2029

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Extensive insights into the Growth of Hydrophobic Spray Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Hydrophobic Spray Market Highlights 2020 – 2029

The hydrophobic spray market is estimated to garner a notable revenue by growing at a noteworthy CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to the increasing scope of application of hydrophobic spray in aerospace, textile and construction industries. Growing automobile sales is also predicted to drive market growth in the future. It is calculated that a total of approximately 70 million units of automotive will be sold by the end of 2021. Along with this, rising technological advancements to develop effective underwater and wearable electronics is anticipated to boost the demand for these protective coatings, which in turn is expected to drive market growth in the coming years. Furthermore, growing innovations to formulate hydrophobic sprays with nano-particles is a crucial factor projected to offer lucrative opportunities for the expansion of market during the forecast period.

The market is segmented by product type into self-cleaning, anti-corrosion, anti-wetting, anti-microbial, and anti-icing, out of which, the anti-microbial segment is anticipated to witness significant growth in the hydrophobic spray market on account of rising consumption of hydrophobic coatings in the healthcare sector for manufacturing water-resistant surgical tools and medical devices. Based on application, the textile segment is assessed to occupy the largest market share during the forecast period owing to the increasing usage of hydrophobic sprays to create self-cleaning textiles. Moreover, the clothing industry is estimated to witness a surge in demand for water-resistant and stain-repellent clothing in the coming years as a result of their high durability, which in turn is expected to be a major growth driver for this market segment in the near future.

Hydrophobic Spray Market Graph

Global Hydrophobic Spray Market Regional Synopsis

On the basis of geographical analysis, the hydrophobic spray market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in North America region witnessed noteworthy growth in 2020 and is expected to continue this trend over the forecast period on the back of rising demand for hydrophobic sprays from end user industries in the United States. Being a major developed nation, the country is a hub for commercial activities in multiple industries, ranging from small-scale to heavy-scale categories, which is evaluated to be one of the leading causes of the intensifying use of waterproof coatings in this region. Apart from these, the U.S. also has a well-established presence in the automotive and textile markets, which is foreseen to make North American region a significant shareholder in the global market over the forecast period. According to the International Trade Administration, the U.S. textile and apparel industry holds a $70 billion share in the global market in terms of industry shipments. Additionally, China is also predicted to grab a notable market share owing to the large industrial throughput of the region. CLICK TO DOWNLOAD SAMPLE REPORT  

Hydrophobic Spray Market image

The hydrophobic spray market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the hydrophobic spray market includes the following segments:

By Product Type

  • Self-Cleaning
  • Anti-Corrosion
  • Anti-Wetting
  • Anti-Microbial
  • Anti-Icing

By Substrate

  • Metal
  • Glass
  • Polymer
  • Concrete
  • Ceramics
  • Others

By End User

  • Automotive
  • Aerospace
  • Textile
  • Construction
  • Medical
  • Electronics
  • Others

Growth Drivers

  • Rising Usage of Hydrophobic Coatings in Aerospace, Textile Automotive and Construction Industries to Drive Market Growth
  • Increasing Advancements in Underwater and Wearable Electronics to Expand Market

Challenges

  • Environmental Concerns Regarding the Aquatic Toxicity of Hydrophobic Sprays to Hamper Market Growth

Top Featured Companies Dominating the Market

  • UltraTech International, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • RPM International Inc
  • BASF SE
  • P2i Limited
  • NEI Corporation
  • Abrisa Technologies
  • DuPont de Nemours, Inc.
  • AccuCoat inc.
  • DRYWIRED, LLC
  • Aculon Inc

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