Blog - Europe Superhydrophobic Coatings Market

2021-06-29

The Europe superhydrophobic coatings market is growing with a CAGR of 7.85% during the forecast period.

The European market is also expected to grow with the increasing consumption of superhydrophobic coatings especially in Germany and the UK during the forecast period. 

The Europe superhydrophobic coatings market is likely to reach USD YY thousands from its recorded value of USD YY thousands in 2019, growing with a CAGR of 7.85% during the forecast period.

The German economy is the largest in Europe, and the fifth-largest in the world. The economic growth of the country is affected by various factors, such as trade tensions leading to reduced exports, and tariff disputes triggered by the US government. However, the country is expected to rise from such fluctuations in economic performance over the forecast period.

Smartphone sales volume in Germany has fluctuated in recent years, peaking in 2015 at 26.2 million units sold and then decreasing to 21.9 million units sold in 2019. However, the number of smartphone users in the country has only grown during the last decade. However, Germany leads the European automotive market, with 41 assembly and engine production plants that contribute to one-third of the total automobile production in Europe. 

In Europe, Germany accounts for approximately 30% of the total passenger car manufacturing. 21 of the world’s top 100 automotive suppliers are German companies. 

Moreover, the German aerospace industry has witnessed substantial growth over the last two decades. The country’s world-class R&D infrastructure and a powerful manufacturing base empower international investors to develop cutting-edge technologies for the next generation’s aviation needs.

Superhydrophobic coatings prevent the formation of ice in aircraft and helicopter ducts. An innovative superhydrophobic coating will prevent the formation of ice in the internal ducts of the air cooling systems used in commercial planes and helicopters. With the growing automobile and aerospace industry, Germany's superhydrophobic coatings market is expected to grow with a highest CAGR of 8.88%, to reach USD 1,012.92 thousands in 2027. 

The UK superhydrophobic coatings market is likely to reach USD 717.97 thousands in 2027, from its recorded value of USD 405.31 thousands in 2019, growing with a CAGR of 7.98% during the forecast period. UK builders reported their strongest monthly rise in activity in almost five years in July 2020, as the sector rebounded further from Covid-19 lockdown restrictions. Residential building was the main driver of growth in the construction industry of the UK. 

The UK’s construction PMI increased from 50.1 to 53.3 and services improved significantly from 47.1 to 56.5, meaning the all-sector reading reached 57.0 — the highest since June 2015.

Hence, with the growing construction industry in the UK, the market for superhydrophobic coatings is expected to grow as they are widely used for waterproofing applications on ceramic floor and wall tiles, cement walls, and roofs in exterior and interior constructions.

After dipping to Euro 20.95 billion in 2014, its lowest level since 2000, output in the France electronics industry posted four years of consecutive growth to reach Euro 23.45 billion in 2018, compared to growth of 5.4% in 2017.

Moreover, the number of smartphone users in France is estimated to reach 47.18 million by the end of 2020, with the number of smartphone users worldwide forecast to exceed 2 billion users by the end of 2020. From 2018 to 2024 the number of smartphone users in France is expected to grow by close to four million users. This equates to a growth in the share of users by 26.26 percent.

Moreover, France has massive imports of textile products, especially clothing and shoes, half of which come from Asia and a third from Europe. The French textiles market remains a highly-developed, mature market with many domestic and international players. 

In 2018, the French textile industry comprised approximately 548 companies averaging 20 employees with a total workforce of 58.240 employees. Apparel accounts for 43.9% of the market’s total value, while fabrics represent about 30%. In France, the main consumers of technical textiles are industry (20%), medical (16%), protection (10%), construction (10%) and Agro textiles (8%).

Hence, with growing electronics, and textile industry, France's superhydrophobic coatings market is likely to reach USD 443.94 thousands, growing with a CAGR of 6.78% during the forecast period.

Spain, Italy, Netherlands are some of the other countries in Europe where the superhydrophobic coatings market is expected to witness growth of USD 2,247.89 thousands in 2027, from market revenue of USD 1,307.63 thousands in 2019. 

Moreover, presence of key players such as P2i Limited (UK) is expected to drive the market growth in this region. P2i works with original equipment manufacturers (OEMs) to enhance devices by making them liquid resistant, provide waterproof protection, improve their reliability and enable them to survive liquid exposure from everyday accidents. In addition to headquarters in the United Kingdom, P2i has a technology center in the United States, and an applications center in China. 

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