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Hydrophobic Agent Market Growth by Forthcoming Developments, Industry Scope, Opportunity, Business Strategy and COVID-19 Market Scenario
Hydrophobic agents are primarily applied on fabrics, metals, glass, textiles, and plastics to offer protection from water, moisture, and dirt. A hydrophobic agent is also used as a water repellent substrate in coatings or adhesives. Hydrophobic agents are extensively used in the automotive industry, due to their excellent water and dust repellence. Buildings are prone to cracks, capillaries, and micro-cracks in changing weather conditions. These critical areas of buildings need to be protected from water, moisture, and harmful gases. This is expected to fuel the demand for hydrophobic agents during the forecast period.๐๐๐ฉ ๐๐ฟ๐ ๐ฝ๐ง๐ค๐๐๐ช๐ง๐ ๐๐ค๐ง ๐๐ค๐ง๐ ๐๐ฃ๐จ๐๐๐๐ฉ๐จ โ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=76027
Key Drivers of Global Hydrophobic Agent Market
* Increasing demand for hydrophobic agents for use in protective and performance coatings is expected to act as a major factor driving the global hydrophobic agent market during the forecast period. Hydrophobic-agent-based coatings have witnessed high demand over the last few years, as they prevent damage to installations and transportation equipment.
* Hydrophobic-agent-based coatings prevent entry of water through the coated surface layer. Electronic gadgets need to be protected from water, chemicals, and moisture to prevent short circuiting or damage. This is likely to propel the demand for hydrophobic agents in the next few years.
* Hydrophobic agents are suitable for use in different adhesives and coatings, which are used in applications such as metal coating or material binding.
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Paints & Coatings Application Segment to Witness Attractive Opportunities
* Rise in the demand for water-repellent coatings in several end-use industries led by excellent protection offered by them is fueling the demand for hydrophobic agents for use in coating applications. Various hydrophobic agents such as polysiloxanes, fluoroalkyl silanes, and fluoropolymers are used for synthesis of coating materials.
* Hydrophobic agents provide protection from microbes, fouling, and corrosion to surfaces. Development of health care infrastructure in various countries is projected to fuel the demand for hydrophobic agents in the next few years.
Stringent Regulations and High Capital Investments to Hamper Market
* Production of hydrophobic agents requires high capital investments for establishment of the production facility and infrastructure. This is likely to act as a key entry barrier for companies, thereby hampering the demand for hydrophobic agents in the near future.
* Production and usage of hydrophobic agents involve emission of VOCs, which are harmful for the environment. Stringent regulations on the release of VOCs and fluorocarbons in the atmosphere in several countries are estimated to hamper the global hydrophobic agent market in the next few years.
* Limited durability of hydrophobic agents, especially in harsh and extreme environmental conditions, is also estimated to adversely affect the global market in the next few years.
๐๐๐ฆ๐ช๐๐จ๐ฉ ๐พ๐ช๐จ๐ฉ๐ค๐ข๐๐ฏ๐๐ฉ๐๐ค๐ฃ ๐๐๐ฅ๐ค๐ง๐ฉ - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=76027
Key Players Operating in Global Market
The global hydrophobic agent market continues to remain clustered among a few large players operating in the market, which currently account for nearly 50% share of the global market, in terms of revenue. Companies are focusing on product innovation and advancements as a key strategy. This has led to high investments in research and development in the global hydrophobic agent market.
Key players operating in the global hydrophobic agent market are:
1. BASF
2. Kao Chemicals
3. Sika Group
4. Silcona GmbH & CO.KG
5. RUDOLF GROUP
6. Protex
7. East Leading Chemical Co., Ltd.
8. Cytonix
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