Europe Hydrophobic Coatings Market size surpassed USD 400 million in 2019 and is predicted to record a CAGR of around 5.5% between 2020 and 2026.
Hydrophobic coatings are made from hydrophobic materials such as manganese oxide polystyrene, zinc oxide polystyrene, silica nano-coating, fluorinated silanes, and fluoropolymer coatings. One surface of composite materials offers roughness while other provides low surface low surface energy. Hydrophobic coatings repel water as the stiffness between water and hydrophobic material is lower than stiffness between normal materials.
Hydrophobic coatings are used in dry surface applications such as vehicle windshields, maritime applications, textiles, medical equipment, and surgical tools. These also help in reducing corrosion and preventing organisms to grow on surface. Rise in the demand for waterproof coatings for automotive applications owing to growing demand for reducing vehicle wear should create new avenues for the market.
In terms of product, the fluoropolymers segment dominated the market share in 2019. Fluoropolymers, also referred as polytetrafluoroethylene, is a polymer containing carbon–fluorine bonds and provides high resistance against acids, bases, and solvents. Fluoropolymer coatings are chemically inert coatings made from combination of resins and fluoropolymers and have high chemical and corrosion resistance and exhibit hydrophobic properties.
Fluoropolymer hydrophobic coatings are used in aircraft and maritime applications for avoiding damage caused by water and rain. Hydrophobic coatings are utilized in aerospace applications for rolling off raindrops so that pilots can see clearly and avoid distortion of view. Rising use of hydrophobic coatings from aircraft manufacturers for reducing the use of wipers and offer greater visibility has been crucial for the fluoropolymer market growth.
Based on properties, the anti-corrosion hydrophobic coatings segment should maintain their dominance in the market till 2026. Hydrophobic coatings are known for their ability to repel water and liquids; therefore, these are utilized for controlling corrosion and wettability. Corrosion inhibitors can be added to hydrophobic coatings so that inhibitors are released when a product is subjected to damage thereby enhancing corrosion resistance. Use of anti-corrosion hydrophobic coatings has gained traction across various industry verticals as metal corrosion possess a serious problem to product operations.
Utilization of anti-corrosion coatings in automotive, naval vessels, aircraft, process industry machineries, and pipelines has increased as companies focus on minimizing the corrosive damage caused by water, solvents, residuals, and surroundings. This rise in the utilization of anti-corrosion coatings in various industry verticals should proliferate the demand for anti-corrosion hydrophobic coatings in Europe.
Steady growth in the automotive industry has accelerated the demand for different types of coatings for automotive applications. German automakers are emphasizing on delivering high quality cars which has triggered the adoption of new automotive technologies. Adoption of new technologies in automotive sector is anticipated to stimulate the Germany hydrophobic coatings market.
European hydrophobic coatings industry share is significantly competitive with major players including BASF SE, PPG Industries, Surfactis Technologies, DuPont de Nemours, Inc., DryWired, Nippon Paint Holdings Co. Ltd., 3M Group, Akzo Nobel, NeverWet, LLC, and Aculon. Companies prating the market are emphasizing on product development and innovation and introducing new products. In 2020, PPG introduced PPG SURFACE SEAL hydrophobic coating which offers high visibility during wet conditions.