By 2026, Hydrophobing Agents Market is estimated to grow at over 4% CAGR | Nippon Carbide Industries Co., Inc., Shin-Etsu Chemical Co., Ltd., Fujifilm Corporation, Toyo Gosei Co., Ltd
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Hydrophobing agents market are widely used in the production of cosmetic components like face powders, compact powders, and blushers. They also witness higher adoption in automotive paints. The COVID-19 pandemic caused disruptions in the supply chain, and the dearth of transportation facilities during the first two quarters of 2020. This hampered the demand for the agents across various applications to a certain extent. However, with the gradual easing of trade barriers, the market will now gain considerable traction.
It has been reported that the global hydrophobing agents market size will cross USD 1 billion in yearly estimation by 2026.
The hydrophobing agents market size from the hydrophobic polymers product segment is anticipated to reach a substantial value through 2026. This is owing to the lubricating, separating as well as acid scavenging properties imparted by the hydrophobic polymers. They also offer features like high water repellence, gelling capacities, stabilizing effects, and foam inhibition. Owing to these outstanding performance factors, the polymers are witnessing higher penetration in applications like paints & coatings, inks, building & construction, and personal care.
The industry share of hydrophobing agents from ink applications attained USD 75.02 million in 2019 and is estimated to surpass USD 97.20 million by 2026. This is owing to the surge in demand for inks and the rising consumption of paper for packaging purposes.
On the other hand, the hydrophobing agents market revenue from the paints & coatings application is anticipated to strike a 3.7% CAGR up to 2026. This can be attributed to growing consumer preference towards the adoption of cars that have different colors and effects like gloss and pearlescent.
Building & construction applications are pegged to register close to USD 719.2 million for the hydrophobing agents market by 2026. This is due to the increasing adoption of the agents across the construction sector in the form of mineral and pasty plasters to help in countering moisture deterioration. Furthermore, the jump in infrastructural developments and the higher spending capacity of consumers has spurred the number of renovation activities across the residential, commercial and industrial buildings.
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Asia Pacific hydrophobing agents industry is likely to register around USD 533.54 million in global remuneration by 2026 due to expanding infrastructural development as well as renovation activities. The surge in per capita incomes of the regional citizens has urged their desires of owning a self-possessed house. Besides, there is a considerable rise in the instances of mergers, acquisitions, and collaborations among industry participants in the region. In addition, it was estimated that China brought the highest share of nearly 47% for the Asia Pacific construction industry in 2014.
Providers of hydrophobing agents market are actively indulging in inorganic marketing collaborations, including mergers, acquisitions, and partnerships, with small-scale businesses to proliferate their client reach and revenue sales. They are also focusing on R&D investments as well as innovations to offer better quality products that have enhanced features and technological advantages. For instance, Evonik introduced TEGO Phobe 1659 and TEGO Phobe 1409, in September 2016. These new tego hydrophobing agents, are used in the protection of high-quality façades from water, weather, and dirt.
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