Hydrophobic Coatings Market To Reach USD 2.19 Billion By 2027
Market Summary The growing focus on infrastructure development coupled with rising living standards in emerging economies is expected to have a positive impact on the rise of the automotive and construction industries, in turn, would fuel the growth of the demand for hydrophobic coatings. Market Size – USD 1.45 Billion in 2019, Market Growth - CAGR of 5.2%, Market Trends – High demand from developing nations. The global Hydrophobic Coatings Market is forecast to reach USD 2.19 Billion by 2027, according to a new report by Reports and Data. Growing production of water-repellent products has recently attracted a great deal of attention due to the broad variety of applications that these surfaces offer, anticipating favorable market growth for hydrophobic coatings. Increasing consumer preference for high-quality electronic goods along with rising investment in the coatings market will boost the performance of the market. Further key findings from the report suggest : • The Asia Pacific dominated the market for Hydrophobic Coatings in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The Asia Pacific region held approximately 33.3% of the market, followed by Europe, which contains around 26.2% market in the year 2019.
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Key Players: BASF SE, 3M, PPG Industries, Abrisa Technologies, Advanced Industrial Coatings, NEI Corporation, Prelco, Nippon Paint, Aculon, and Drywired, among others. Segmentation: •
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027) Polysiloxanes Fluoro-Alkylsilanes Fluoropolymers Titanium Dioxide
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Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027) Aerospace Automotive Construction Medical Optical Oil & Gas www.reportsanddata.com
Regional Hydrophobic Coatings Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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