Sellbyville, DE -- (SBWIRE) -- 11/13/2018 -- Hydrophobic coatings market size from aerospace application may witness significant gains up to 5% by 2024. The product would be applied to whole surface of plane and could help prevent buildup of ice deposits. The ice-building up on the exteriors of aerospace machines owing to flying higher altitudes and encountering supercooled water when flying through low-lying clouds could cause substantial problems, including drag and lift specially, accumulations of ice could result in severe transportation problem owing to imbalances of aircrafts under a high speed.

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Global demand for water repellant surfaces has increased exponentially over the last few years, propelling the hydrophobic coatings market owing to the varied applications of such surfaces in different industrial segments. The availability of a reliable and durable water repellant coating is of high importance as is ensures protection of the substrate material from moisture, proving to offer an efficient corrosion-resistant solution.

Boasting earnings of more than USD 1.5 billion in 2017, the global hydrophobic coatings market has been showing immense growth potential in sectors like construction, automobile, oil & gas, healthcare as well as aerospace manufacturing. Rising investments in oil & gas exploration and oil refineries due to the increased energy demand worldwide will create a lucrative environment for the hydrophobic coatings industry.

Hydrophobic coatings market size from medical application is anticipated to exceed USD 60 million by 2024. With the product properties of repellency to fluids, blood, and tissue sheets which slide off easily. It keeps surgical tools clean and reduces risks of infection and contamination in patients owing to its anti-microbial, self-cleaning and antifouling properties, thus stimulating product demand.

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Metal substrate segment may witness strong gains up to 6% by 2024. The product is transparent fluid resistant and durable which has been developed for corrosion mitigation. They have high concentration than traditional organic polymer Coatings and are electrically protecting, ensuring improved barrier properties to water and corrosion. Metals attract water owing to electromagnetic attraction causing corrosion. The product can be applied easily & safely without complications machinery which would boosting market growth.

U.S. titanium dioxide based hydrophobic coatings market size is anticipated to exceed USD 20 million in the projected timeframe owing to anti-smudging and easy-to-clean properties. They are very effective for developing durable and mechanically stable Coatings that can also serve as a barrier. It has extensive usage in cements, paints, window glasses & textiles application which will contribute towards regional product demand.

Hydrophobic coatings market size from anti-microbial property may witness significant gains up to 4% by 2024. Antibacterial and water-repellent Coatings on textile surfaces are being increasingly utilized as they are healthier and more comfortable on garments in daily life. Manufacturers are using sol gel techniques which have recently attracted a wide attention to develop innovative high value-added products.

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The Alberta refinery, set to produce up to 167,000 barrels per day, represents the ongoing efforts by global energy companies to build new infrastructure, boosting the oil & gas industry and invariably propagating the significance of water repellant coatings. Anticipated to exceed USD 2 billion in remunerations by 2024, the hydrophobic coatings market comprises of key players like BASF, Nippon Paint, Prelco, SilcoTek, Abrisa Technologies, 3M, Drywired and Advanced Industrial Coatings.