The hydrophobic coatings market enables highly efficient protection for electronic devices from liquid damages. Hydrophobic coatings provide self-cleaning, anti-sticking, and water-repellant properties to a wide range of surfaces and materials. These coatings are used on various consumer products such as smartphones, laptops, wearable devices, and others to prevent water from damaging internal components. The growing adoption of smart devices and need for protection against accidental water spills and rains has boosted demand for hydrophobic coatings.
The Global Hydrophobic Coatings Market is estimated to be valued at US$ 1.39 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2030.
Key players: Key players operating in the hydrophobic coatings market are Sharp Corporation, Apple Inc., Sony Corporation, ASUSTEK Computer Inc., LG Electronics, AU Optronics, Samsung Group, and Fujitsu Limited. These players are focusing on developing advanced hydrophobic coatings to meet the growing needs of the consumer electronics industry.
Growing demand: The increasing demand for water-resistant and water-proof consumer electronic devices is a major factor driving the hydrophobic coatings market. Smartphones, tablets, laptops, and other devices now require robust protection against accidental liquid splashes and storms. This has surged the consumption of hydrophobic coatings.
Global expansion: Leading companies in the hydrophobic coatings market are expanding their geographical footprint to tap the growing demand from different regions. Many players are focusing on emerging economies in Asia Pacific and Latin America having large consumer electronics markets. New production plants and collaborations with local players are helping achieve global expansion.
Market key trends
One of the key trends in the hydrophobic coatings market is the growing adoption of nano coatings. Nano-structured hydrophobic coatings offer superior water repellency and self-cleaning properties compared to conventional coatings. They form an extremely thin coating and provide longer durability. Many electronics companies are increasingly using nano hydrophobic coatings to enhance product functionality and performance.
Threat of new entrants: The hydrophobic coatings market requires high R&D investments and strict approvals, limiting threat of new entrants.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and differentiated products from various manufacturers.
Bargaining power of suppliers: The suppliers have moderate bargaining power due to availability of substitute raw materials and easy availability of suppliers.
Threat of new substitutes: Threat from substitutes is moderate as hydrophobic coatings have few close substitute products.
Competitive rivalry: The market is highly competitive due to presence of established global players focusing on product innovations.
Asia Pacific holds the major share of the Global Hydrophobic Coatings Market Demand in terms of value owing to high demand from industries like automotive, construction and electronics in countries like China, India, Japan and South Korea. North America is expected to witness the fastest growth during the forecast period due to increasing applications of hydrophobic coatings in medical devices industry and growing construction activities in the region.
Hydrophobic coatings have widespread applications across various industries including automotive, aerospace, construction, medical and others. They help impart water repellency to surfaces and reduce maintenance costs. Developing nations in Asia Pacific and Middle East & Africa are expected to drive the demand due to rapid industrialization and infrastructure development activities in the coming years.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it