To uncover the general market conditions and tendencies, Hydrophobic Coatings market research report acts as a perfect source. This report puts light on many aspects related to industry and market. Market definition, market segmentation, competitive analysis and research methodology are the major topics covered in this report. Data collection modules with large sample sizes are used to collect data and perform base year analysis. This market report gives information about company profile, product specifications, capacity, production value, and market shares for each company for the year 2018 to 2025 under the competitive analysis study.
The Global Hydrophobic Coatings Market is expected to reach USD 15.92 billion by 2025, from USD 9.98 billion in 2017 growing at a CAGR of 6.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. The key players operating in the global hydrophobic coatings market are –
- Abbott Laboratories Inc.
- Corning Inc.
- Harland Medical Systems Inc
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The other players in the market are Surmodics Incorporated, Royal DSM, Biocoat, Inc, Aculon, Inc, Ast Products, Inc., Advansource Biomaterials Corporation, Coatings2go, Surface Solutions Group, LLC, TST Engineered Coating Solutions, Surmodics, Inc., Hemotec AG, Sono-Tek Corporation, Precision Coating Company Incorporated, Biointeractions Ltd, Applied Medical Coatings, LLC, Formacoat, LLC, Medi-Solve Coatings and many more.
Global Hydrophobic Coatings Market, By End User (Medical Devices, Optics, Automotive, Aerospace, Marine and Others) By Substrate (Polymers, Glass/Ceramics, Metals, Nanoparticles and Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Definition: Global Hydrophobic Coatings Market
Hydrophobic Coatings are the ones that offers super hydrophobic surface which can impart multiple advantages to its coating surface and substrate on which they are applied. These coatings have various advantages such as they may include dirt retention, self-clean ability and higher moisture retention. The hydrophobic coatings are water repellent and hence they prevent corrosion. The major application of these coatings is in marine and automotive industry. Moreover these coatings are also largely used in medical devices and optics.
According to an article published by International trade administration in the year 2016, the U.S. light vehicle production reached to almost over USD 12.00 million and the sales of light vehicle reached approximately USD 17.5 million. The use of hydrophobic coatings is majorly done in automobile as they prevent the corrosion of the vehicles which makes them highly popular among the end user. The key players in the global hydrophobic coatings market have done various developments such as product launch, expansion and acquisition to sustain the stiff competition in the global market.
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- High growth in the medical device market
- Increasing adoption of hydrophobic coatings in several application segments such as building & construction and automotive verticals.
- Various R&D done by the key players
- Low Shelf Life
- High Cost
Segmentation: Global Hydrophobic Coatings Market
By End User
- Medical Devices
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Hydrophobic Coatings Market
The global hydrophobic coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hydrophobic coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Research Methodology: Global Hydrophobic Coatings Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global hydrophobic coatings market
- Analyze and forecast the hydrophobic coatings market on the basis of processes, derivative, and application
- Trends of key regional and country-level markets for processes, derivative, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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