Press release
Water Repellent Agent Market Leading Growth Drivers 2023 - BASF SE, Wacker Chemie AG, The Dow Chemical Company, Evonik Industries AG, Bluestar Silicones USA Corp., Shin-Etsu Chemical Co., The Chemours Company, 3M Company, Daikin Industries and Aculon
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.
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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. 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.
Industry/ Innovation /Related News:
March 22, 2018 – Scientists at the Nanjing Tech University (China) published their Research Study findings for the Super hydrophobic films they developed using anisotropic silica particles that provides an effective strategy to control particle morphology and modification. These innovative films demonstrate excellent liquid repellence and mechanical durability.
Water Repellent Agent Market – Competitive Analysis
Manufacturers operating in this highly competitive market strive to deliver the best quality, reliable and consistent pure high-quality products based on innovative technologies. They also strive to build the ability to tailor products with the requested specifications such as customized/bulk packaging and special requirements. Product launch, M&A activities, collaboration remain key strategies of the market players to churn the competitive advantages.
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Segmentation:
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.
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