Superhydrophobic Coating Market is expected to grow with a steady CAGR during the forecast period from 2018 to 2023

Market Overview: Superhydrophobic coatings are nanoscopic surface layers that repel water. The most notable natural superhydrophobic coating is lotus leaf. These coatings can be applied to plastic, wood, glass, mineral undercoats, concrete, and textiles as they provide resistance to dirt, abrasions, and corrosion.
The increasing demand for superhydrophobic coating materials and technological advances such as the development of highly transparent coatings with high optical clarity are expected to be the key growth drivers for the superhydrophobic coating market during the period of study. Superhydrophobic coatings find applications in the electronics and telecommunication, automotive, textiles and leather, building and construction, medical and healthcare industries.
Market Segmentation: The Global Superhydrophobic Coating Market has been segmented by raw material, and end-use industry.
Based on raw material, the market has been segmented into carbon nanotubes, silica nanoparticles, graphene, and others. The carbon nanotubes segment is expected to continue its dominance of the superhydrophobic coating market as the product is lightweight and hollow and offers unique mechanical, electrical, and thermal properties.
Based on end-use industry, the market has been classified as electrical and electronics, transportation and allied logistics, medical and healthcare, optical, construction and building, textiles and leather, and others.
Regional Analysis: Geographically, the Superhydrophobic Coating Market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the superhydrophobic coating market due to rising demand for the product in major end-use industries such as automotive, electrical and electronics, and medical and healthcare.
North America is expected to be the second-largest superhydrophobic coating market due to the increasing demand for electronic gadgets. Additionally, the established apparel and textile industry with changing fashion trends and high per capita income of consumers are driving market growth. Europe is a prominent market for superhydrophobic coatings due to the increasing demand for consumer electronics and digitalization.
Competitive Analysis: Some of the key players in the Global Superhydrophobic Coating Market are; P2i International Ltd. (US), UltraTech International Inc. (US), Lotus Leaf Inc. (Mexico), Rust-Oleum (US), NEI Corporation (US), United Protective Technologies (US), Hydrobead (US), Aculon (US), NeverWet (US), Advanced NanoTech Lab (India), and Excel Coatings (India).
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