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Water Repellent Agent Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028

08-27-2018 08:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Water Repellent Agent Market: Global Industry Analysis 2013 -

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.

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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

Polyurethane
Teflon
Silicone
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

Textile
Construction
Leather
Medical
Furniture
Others
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.

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.

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Some of the key players of the water repellent agents market are the

BASF
The Dow Chemical Company
Evonik Industries AG
The Chemours Company
Huntsman Corporation
Daikin Industries Ltd
Blue Star Silicone USA
The 3M Company
Shin-Etsu Chemical Co. Ltd

ABOUT US:

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

CONTACT:
Future Market Insights
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616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com

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