Global Hydrophobic Coatings Market Size is Expected to Grow to $2748.23 Million by 2028

Global Hydrophobic Coatings Market Overview

According to Global Market Monitor, the global hydrophobic coatings market size is expected to grow to $2748.23 million by 2028 with a CAGR of 6.23% from 2023 to 2028.

With the growing construction activities worldwide, the demand for hydrophobic coatings has witnessed a rapid surge in the past few years. These coatings are widely used in construction to protect various substrates and surfaces from damage due to contact with water or rain. Hydrophobic coatings have characteristics like anti-corrosion, anti-fouling, anti-microbial, and self-cleaning, which makes them more advantageous than hydrophilic coatings. With the development of downstream industries, competition among suppliers will increase during the forecast period. Suppliers will compete to provide advantages based on pricing, product performance, etc. During the forecast period, the competition will increase as product expansion grows.

Construction Accounts for the Largest Market Share.

The construction industry is the largest downstream application, with the increase in global construction activities, the demand for hydrophobic coatings has soared, and the rapid development of the construction industry will drive the sales of them. Hydrophobic coatings protect the walls of a building from rain and other water sources, thereby helping to extend the overall life of the building.

The United States Dominates the Market.

The United States dominated the hydrophobic coatings market with a market share of 33.41% in 2022. High housing demand due to the increase in the number of nuclear families and immigrants is the main factor driving residential construction in the region.

China's construction industry has grown rapidly in recent years as the central government has focused on infrastructure investment as a means of sustaining economic growth. The Chinese government has launched massive construction programs, including preparations for the migration of hundreds of millions of people to new megacities over the next decade. At the same time, China is one of the fastest-growing aviation industry regions in the world, and passenger traffic continues to grow, which is expected to further increase the demand for commercial jets. The development of the construction industry and aviation industry has stimulated the growth in the demand for the hydrophobic coatings market in China.

United States	The United States dominates the market.
China	Continuously increasing demand
Europe	Occupying a larger market share.
Middle East & Africa	Potential market
South America	Potential market

Innovation plays an important role in driving market growth.To maintain stability in a highly competitive market, suppliers should develop new ideas and technologies and keep pace with advanced technologies. The improvement of product production technology will improve the product performance of hydrophobic coatings and reduce production costs. Most manufacturers are constantly launching new products to gain greater market share.