Water repellent agent market has been witnessing varied actions and functions taking place to cater to the demand for water repellent agent in a wide range of end user segment. The water repellent agent market players are extending their efforts to ensure reaching greater possibilities for acquiring the market with developments pertaining to an application-specific approach. Moreover, the growth of the water repellent agent market is expected to be driven by technological advancements embracing the globe in the forthcoming years.
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New Water Repellent Agent Options to Fuel the Growth of the Water Repellent Agent Market
While every market player in the water repellent agent market is focused towards getting a hold of the market with improved products and customer-centric product delivery, market participants such as Archroma, a color and specialty chemicals company, introduced their universal Smartrepel Hydro AM. Apart from being a latest addition to their product portfolio, this water repellent agent is a highly biodegradable and PFC free durable water repellant protection series. Sustainability given paramount importance, the introduction of this revolutionary water repellent agent with benefits of performance-excellence and environmental-friendly protection is sure to boost the water repellent agent market by opening more opportunities with the element of sustainability.
Introduction: Water Repellent Agent Market
Water proof and water repellent are the same terms but have a considerable difference in terms of application. In the case of water proofing the surface of the product or fabric is filled with appropriate substances, resulting in having low air permeability. Whereas, in the case of water repellent, the fibres are usually coated with the hydrophobic nature, and the pores are not filled during the course of the treatment. And the fabric or product is permeable to water vapour and air.
Water repellent agent are also known as water resistant agent in the global market. Water repellent or water resistant agent has the ability to resist the penetration of the water to some degree of the wall of any product. These water repellent agent is added to the fabric during the process of the manufacturing of the end product in the global market. There are several types of the water repellent agents are used in the industry to sustain the water penetration through the wall. Silicone is the best materials to use for the water repellent agent.
Market Dynamics: Water Repellent Agent Market
The water repellent agents market is gaining traction in the near future owing to increasing textile manufacturing units due to resilient long-term demand from the increasing consumer base in the emerging markets. Additionally, the growing demand from waterproofing automotive components, and also on increasing expenditure on research activities is projected to create several growth opportunity for the global water repellent agent market over the forthcoming years. Moreover, the surging construction industry growth is also expected to create more growth prospects in the water repellent agents market in the coming future. Capillary absorption of water by concrete is expected to be the key driver for the growth of water repellent agent market.
In addition to this, the factor responsible for the water repellent agent market demand is the increasing automobile production and sales along with the expanding consumption of water repellents coated windshields. Furthermore, increasing disposable income in the developing and emerging economies is expected to propel the growth of the water repellent agents market in between the forecast period. However, government stringent regulations have limited the use of toxic organic chemicals in the production of water repellent agent, which is expected to hamper the water repellent agent market growth during the forecast period.
Market Segmentation: Water Repellent Agent Market
Water repellent agent is segmented on the basis of type, technology and end use
On the basis of type, the water repellent agent market segmented as
On the basis of technology, the water repellent agent market segmented as
- Water Based
- Solvent Based
On the basis of end use, the water repellent agent market segmented as
Regional Outlook: Water Repellent Agent Market
On the basis of the regional outlook, Asia Pacific is projected to expand at a significant CAGR in the coming forecast period owing to the lucrative growth in expanding textile industry. The countries in Asia Pacific such as China and India are expected to predict positive growth owing to adoption rate of textile yarn manufacturers. Moreover, Consumer preference towards comfortable clothing and affordable price in the region have enriched the demand for fabrics by uniting water repellent technology into the textile production.
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North American market is expected to witness for rapid growth the factors for the growth are increasing production capacities, high consumption potential and surge in economic growth rate. The U.S. is expected to be the major contributor to the growth of the North America water repellent agent market. As of 2018, the U.S. accounts for the more than two third of the market value and volume share and is estimated to expand at a moderate CAGR. In Europe, the water repellent agent market is gaining traction in the several countries such as Germany, Italy, the U.K, and Russia due to increasing investment on innovation, as well as on increasing purchasing power of the consumers. However, Europe is the major manufacturers of automobile and automotive equipment which can create more opportunities for the market. Argentina, Brazil and Mexico are the countries in Latin America are expected to witness a substantial growth due to the increasing consumer spending on passenger cars as well as in the implementation of innovative technologies in water repellent agent market.
Some of the key players of the water repellent agents market are the
- The Dow Chemical Company
- Evonik Industries AG
- The Chemours Company
- Huntsman Corporation
- Daikin Industries Ltd
- Blue Star Silicone USA