Global Water Repellent Agent Market Research – by Type (Polyurethane, Teflon, Silicones), by Technology (Water Based, Solvent Based), End Use (Textiles, Construction, Automobile, Leather, Furniture, Medical) and Region- Forecast till 2023
Pune, India – January 14, 2019 —
The Global Water Repellent Agent Market is categorized on the basis of type, technology, end-user industry, and region.
On the Basis of the Type, the market is bifurcated into polyurethane, Teflon, silicones, and others.
On the basis of the Technology, the market is segmented into water based and solvent based.
On the basis of the End User Industry, the water repellent agent market is categorized into textiles, construction, automobile, leather, furniture, medical, and others.
On the basis of the Region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Some of the prominent players operating in the Global Water Repellent Agent Market are BASF SE (Germany), Wacker Chemie AG (Germany), The Dow Chemical Company (U.S.), Momentive Performance Materials Inc. (U.S.), Evonik Industries AG (Germany), Bluestar Silicones USA Corp. (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), The Chemours Company (U.S.), Huntsman Corporation (UK), 3M Company (U.S.), Daikin Industries, Ltd. (Japan),and Aculon (U.S.), among others.
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The Global Water Repellent Agent Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia Pacific is predicted to grow at the highest CAGR during the review period due to the expanding textile industry. The demand for water Repellent Agent is predicted to surge in numerous countries of the Asia Pacific region such as China and India due to high adoption rate by the textile yarn producers. Moreover, rapid urbanization and shift in consumer preference towards affordable and comfortable clothing have enhanced the demand for high-value fabrics by incorporating water repellent technology into the textile manufacturing.
North American Water Repellent Agent Market is predicted to witness a rapid growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In the North American region, the U.S. is predicted to be the major contributor to the regional growth of water-repellent agent market and is expected to see a significant demand for Water Repellent Agent during the review period. As of 2016, the U.S. accounts for the largest market share and is estimated to grow at a moderate CAGR on account of liberal custom regulations and transparent practices as compared to Asian countries. In Europe, the demand for water repellent agent is predicted to grow in various countries such as Italy, Germany, Spain, the U.K, France, and Russia owing to increasing expenditure on innovation and growing purchasing power of consumers. Moreover, the presence of major automobile manufacturers, specifically, in Germany is expected to drive the market growth. Since governments attempt to keep up to pace with fashion and e-commerce clothing market developments in the region, regulations and policies relating to e-commerce are under rapid reform. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness a substantial growth owing to increasing consumer spending on passenger cars as well as the involvement of new technologies and inventions in water repellent agent.
Synopsis of Water Repellent Agent Market:
In applications such as textiles, construction materials, and home furniture products, extremely good water repellency is achieved due to the inherent presence of a hydrophobic functional group on the Water Repellent Agent molecules. Outstanding wetting properties allows them to penetrate the substrate and deliver the hydrophobic functional group deeply through the substrate. Additional properties include stability of Water Repellent Agents and their resistance to chemical, heat, ultraviolet or oxidative forces. Antecedent properties combined with the fact that water repellent agents are highly gas permeable, which results in a durable, yet breathable water-repellent end product.
As per our Analysis, some of the prominent market factors and trends identified in the Global Water Repellent Agent Market include rapidly increasing textile manufacturing units owing to resilient long-term demand from the rising middle-class population of emerging markets, increasing demand for waterproof automotive components, and increasing expenditure on research activities. Moreover, demand for Water Repellent Agent is predicted to witness a significant growth over the assessment period due to the surging construction industry.
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Water Repellent Agents are considered to be highly important in concrete mixing because it prevents capillary absorption of water by concrete and this is anticipated to be an important driver for the water repellent agent market during the review period. Additionally, increasing automobile production and sales along with rising consumption of water repellents coated windshields is estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period 2017-2023. However, implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals in the production of Water Repellent Agent, which is expected to hamper the market growth during the forecasting period.
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This news is published on Reuters.