Press release
Textile Waterproofing Agents Market Revenue Report with Forecast to 2031
According to the latest research by InsightAce Analytic, the Global Textile Waterproofing Agents Market is valued at US$ 910.8 million in 2023, and it is expected to reach US$ 1,466.1 million by 2031, with a CAGR of 6.3% during the forecast period of 2024-2031.
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Textile waterproofing agents are contaminants or finishes that protect humidity and oxygen from penetrating a textile. Sportswear, regular clothing, and protective gear for business or employment are all made using different methods of textile waterproofing. The growing need for waterproofing technologies across several sectors, including development, automobiles, and textiles, is anticipated to propel sales for waterproofing chemicals. Waterproofing agents are molecules that are employed to prevent moisture corrosion of materials. The industry is expanding due to their increasing use in industrial production, renovation, and building. The growing emphasis on long-term viability and environmental safety is also propelling the sector, as waterproofing agents reduce the likelihood of leaking and other problems brought on by water intrusion, essentially extending the life and reliability of building components.
List of Prominent Players in the Textile Waterproofing Agents Market:
• Shin-Etsu Chemical Co., Ltd.
• Daikin Industries, Ltd.
• Wacker Chemie AG
• Elkem ASA
• Nanjing SiSiB Silicones Co., Ltd.
• Jiangxi New Jiayi New Materials Co., Ltd.
• Taiwan PU Corporation
• Fineotex Chemical Limited
• LeMan Suzhou Polymer Technology Co., Ltd.
• Nicholas Pigments and Inks
• HT Fine Chemical Co., Ltd.
• Dymatic Chemicals, Inc
Market Dynamics:
Drivers-
The growing demand for textile waterproofing agents is fueled by the industry's technological advancements and creative innovation in products, which result in the launch of improved and more effective waterproofing systems that satisfy customers' changing requirements. Furthermore, as increased building operations and rising capital expenditure investments drive the need for waterproofing agents, fast industrialization and expanding infrastructure in developing economies have created new prospects for market expansion.
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Challenges:
A major obstacle to the market's expansion is the growing need for innovative textiles. Innovative textiles offer excellent protection and heat insulation. In addition to shielding the troops from harmful environments like energy, innovative fabrics, recognized as electrical textiles, are utilized to shield them from extreme temperatures and challenging circumstances. Therefore, innovative textiles offer greater ecological security throughout manufacturing than waterproof textiles, which could limit the development of the industry. The COVID-19 pandemic's outbreak had a detrimental effect on society worldwide. Moreover, the demand for waterproof chemicals faced several challenges as a result of the pandemic. During the outbreak, security regulations compelled a suspension of activities and manufacturing. Both the disparity between demand and availability and the inventory network suffered significant disruptions. The economic circumstances were affected by the decline in the construction and vehicle sectors.
Regional Trends:
The Asia Pacific textile waterproofing agents market is anticipated to register a prominent market share in terms of revenue. It is projected to grow at a high CAGR in the near future due to increasing requirements for security equipment for investigators and armed forces. Consequently, sales of protective apparel and water-resistant, comfortable textile products would increase in this area. Besides, Europe had a substantial market share, rising spending among consumers, and higher expenditures in development. These substances are utilized to make hydrophobic shoe soles that offer extra grip inside as well as outside and protection from the elements. Therefore, it is predicted that growing the apparel and footwear markets will increase demand for waterproof textiles.
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Segmentation of Textile Waterproofing Agents Market-
By Type-
• C8 Agents
• C6 Agents
• C0 Agents
By Fabric-
• Polyesters
• Polyamides
• Cotton
• Wool
• Blends
• Others
By Application-
• Outdoor Apparels
• Sportswear
• Workwear
• Protective Clothing
• Home Textiles
• Automotive Textiles
• Others
By End-use-
• Household Care
• Automotive
• Hospitality
• Sports and Leisure
• Defense
• Industrial
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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