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Global Superhydrophobic Coatings Market to Reach $46.7 Million by 2027
In the changed post COVID-19 business landscape, the global market for Superhydrophobic Coatings estimated at US$13.2 Million in the year 2020, is projected to reach a revised size of US$46.7 Million by 2027, growing at a CAGR of 19.7% over the analysis period 2020-2027. Electronics & Telecommunication, one of the segments analyzed in the report, is projected to record a 17.5% CAGR and reach US$14.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Building & Construction segment is readjusted to a revised 18.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.6 Million, While China is Forecast to Grow at 26.8% CAGR
The Superhydrophobic Coatings market in the U.S. is estimated at US$3.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.1 Million by the year 2027 trailing a CAGR of 26.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16% and 17% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.7 Million by the year 2027.



Automotive Segment to Record 25.3% CAGR
In the global Automotive segment, USA, Canada, Japan, China and Europe will drive the 25.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Million in the year 2020 will reach a projected size of US$8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 25.7% CAGR through the analysis period.