September 16, 2021
According to the research report titled ‘North America Hydrophobic Coatings Market Forecast 2026 by Property, Product, Substrate, Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, North America hydrophobic coatings market is poised to record a healthy CAGR, accumulating USD 525 million by the year 2026.
Growing production of passenger and commercial vehicles is a major factor driving North America hydrophobic coatings market growth. In addition, emphasis on preventing corrosion damage to equipment surfaces, and rising demand for damage protection solutions are propelling the industry outlook.
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Furthermore, coating of metals for multiple applications across chemicals, manufacturing, pipelines, oil & gas, and automobile industries is generating lucrative prospects for the business scenario. Moreover, expanding metalworking sector in the U.S. due to increased output levels in mining, military, aerospace, automotive, shipbuilding, consumer electronics, and other verticals is positively swaying the hydrophobic coatings market dynamics.
For the record, moisture is a common cause of material deterioration, degradation, and corrosion. Hydrophobic coatings repel water and other solvents, thereby preventing corrosion by averting direct contact between water and the surface.
Based on product, North America hydrophobic coatings industry is segmented into polysiloxanes, fluoro-alkylsilanes, fluoropolymers, titanium dioxide, and others. Among these, fluoro-alkylsilanes segment accounted for USD 65 million valuation in 2019, as it is widely used as a coating for self-cleaning purposes.
Considering the regional scope, Canada market is anticipated to showcase significant growth over the estimated timeline, due to expansion of automotive and aircraft sectors, which is accelerating the demand for anti-corrosive and anti-icing coatings.
Prominent players influencing the industry dynamics are Aculon Inc., NeverWet LLC, Akzo Nobel N.V., 3M Company, Nippon Paint Holdings Co. Ltd., DryWired, DuPont de Nemours Inc., Surfactis Technologies, PPG Industries Inc., and BASF SE.