World News: 17:44 GMT Wednesday 11th September 2019. [Reports and Data via Globe Newswire via SPi World News]
New York, Sept. 11, 2019 (GLOBE NEWSWIRE) --
The global hydrophobic coatings market is forecast to reach USD 2.21 Billion by 2026, according to a new report by Reports and Data. Hydrophobic Coatings are specialty chemicals that are used in the different industries for a variety of purposes such as coloring, finishing, and adding aesthetic values. Owing to the changing trends in coatings, the advent of coating helps in seeping into the market, and the fact that it is giving a visually aesthetic appeal is also a contributing factor. These coatings improve the shelf-life of products and also impart different values like self-healing and anti-microbial properties.
The market for Hydrophobic Coatings is influenced by the rising demand from the automotive industry. Along with automobile parts, the construction industry is also implementing hydrophobic coatings in making water-resistant concrete blocks for increasing the sustainability of these building materials. Water-repellant properties are being thoroughly imparted on the pipelines and medical equipment which may otherwise corrode due to prolonged exposure to moisture.
Unfavorable conditions on this market include the rising number of vendors. This poses a huge threat to the newer immigrants to the current seller scenario. The consumer power is rising as their choices can now easily vary from among the competing manufacturers. These situations improve over time as the industries focus more on the quality of the products.
The region of Asia Pacific has been shifting towards the young population, and the purchasing potential of this young population is also increasing. Most of the economically flourishing countries are looking at India and China as the global market. The increasing automobile, as well as construction industries, promote the market for hydrophobic coatings. They are constantly researched upon and developed to be made cheaper and of higher quality.
For the purpose of this report, Reports and Data have segmented into the global Hydrophobic Coatings market on the basis of product type, property type, substrate type, end-users, and region:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise
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Globe Newswire: 17:44 GMT Wednesday 11th September 2019
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