Hydrophobic Coatings Market Share

North America Market Statistics

On the basis of geographical analysis, the hydrophobic coatings market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America industry is predicted to account for largest revenue share by 2037, on the back of rising demand for hydrophobic coatings from end user industries in the region. Being a major developed nation, the country is a hub for commercial activities in multiple industries, ranging from small-scale to heavy-scale categories, which is evaluated to be one of the leading causes of the intensifying use of waterproof coatings in this region. Apart from these, the U.S. also has a well-established presence in the automotive and textile markets, which is foreseen to make North American region a significant shareholder in the global market over the forecast period. According to the International Trade Administration, the U.S. textile and apparel industry holds a $70 billion share in the global market in terms of industry shipments. Additionally, China is also predicted to grab a notable market share owing to the large industrial throughput of the region.