Water Repellant Agent Market: Overview
The water repellant agent market is expected to reach USD 1345.8 million forecast period from 2020 to 2030. Moreover, it will have a substantial rise in the upcoming times. Water repellant agent covers the surface by nanoparticle compound and provides the material and excellent repellency and durability. It forms on a molecular level in the presence of the hydrophobic functional group. Using these repellant agents can provide a decrease in buildings deterioration and damage of automotive parts. These agents are also utilized in the textile or fabric sector. The utilization of the repellant agents in several sectors propels the water repellant agent market growth.
For creating water repellent fabric, hydrophobic alkyl trialkoxysilane is used so that it can produce a superior hydrophobic effect. The agents are produced with specialized technology in which the coating material is also created. The substrates make a protective finish against the intrusion of moisture while allowing it to release moisture. Such agents act as a protection from moisture caused by rain, dampness, snow, humidity, oxidative forces, and ultraviolet ion incursion. All these can wear off the appearance and reduce the material shelf-life. Such advantageous features of the repellant agents are creating heavy water repellant agent market demand.
The numerous properties of the water repellant agents have led several industries like automobile, construction, medical, furniture, etc., to adopt it. For these factors, the water repellant agent market will gain huge traction in the forecast years. Over the year, the rapidly growing textile industry and the strong demand for water repellant products are pushing the progress of the market. The new water repellant agent market trends and severe effort by the market players are also causing the market to expand. Moreover, the demand from the automotive industry for waterproof components is also rising. From the construction sector to high-end fabric, everywhere, there is a need for water repellant agents.
According to the water repellant agent market analysis, the market has many segments which show the type of product used. Several technologies like solvent-based or water-based, are utilized for creating top-quality water repellant substances. Further, rapid utilization in many sectors altogether will boost the water repellant agent market progress in the assessment period.
The surge of the COVID19 infection adversely impacted the entire world. The water repellant agent market also faced many challenges in the pandemic. During the pandemic, lockdown restrictions imposed a halt on the production process and operations. Also, the supply chain was heavily disturbed and the demand to supply gap broadened. The automotive and construction industry was depressed, which affected the market. However, the advantageous properties of the water repellant agents uplifted the demand, which led to the expansion of the water repellant agent market size.
The attempts from key players in creating better solutions and doing constant developments allowed the water repellant agent market to restore its normal growth. In some places, the lockdown restrictions have eased, and there, the market has already gained back its momentum. It is expected that after the pandemic gets over, the water repellant agent market growth will reach optimum levels.
As the textile industry is rapidly growing, the demand for waterproof components has also escalated, which fuels the water repellant agent market potential. In 2017, the data of Eurostat
showed that usage of chemicals has increased by more than 10 million tonnes. This shows that the demand for water repellant components is not going to slow down anywhere in the near future. Furthermore, the rising need for completely waterproof substances in the automotive industry is exhilarating the water repellant agent market value.
Along with that, the growing expenditure over research activities related to the water repellant agents in fabrics is also leading to the progression of water repellant agent market demand. The new developments and constant change in water repellant agent market trends are also pushing the market growth.
- Significant Opportunities for the Market
With the growth in the construction industry, the demand for the water repellant agent market will also increase. In the concrete mixture, the water repellant agents prevent capillary absorption of water and increase the effectiveness as well as the durability of the concrete. So, the construction industry will push the water repellant agent market share upwards. In the automobile sector also the market will witness a demand as the sales of electric vehicles and the application of high-end products will boost the market growth further. The usage of water repellents coated windshields in all types of vehicles also propels the market potential. The automotive sector in 2018 alone had a 19.6 percent market share.
The rapid urbanization and preference of customers shifting towards water repellent high-end fabric clothing will create traction for the water repellant agent market in the coming years. Increasing investments in innovations will also lead to market progress.
There is no doubt that the water repellant agent market has enormous opportunities for growth. But certain limitations can hamper the water repellant agent market growth. One such restraint is the implementation of restrictions on toxic organic chemicals by several government bodies, which can eventually hinder the water repellant agent market potential. In addition, the pandemic acted as a big market restraint as it caused disruption in the supply chain and closure of manufacturing units.
In many countries, the government and people are getting more concerned about the carbon footprint. The restrictions by the government for chemical components may limit the water repellant agent market potential. However, the key market players’ developments and new innovations in the field will help in overcoming the challenges.
- Cumulative Growth Analysis
According to the water repellant agent market outlook, the value of the market is going to skyrocket in the upcoming times. The water repellant agent market value has crossed all its historical growth, and the demand is constantly rising, which will help to attain the highest levels by the end of the forecast period. The water repellant agent market will have a great growth rate in the near future.
The global water repellant agent market is segregated into various segments on the basis of technology, end-use industry, product type, and region.
The water repellant agent market segmentation by technology comprises solvent-based, water-based, and other technologies. These technologies help a lot in boosting the quality of the water repellant agents.
In this segment, the overall water repellant agent market includes sectors like construction, textiles, medical, automotive, and others.
This segment of the water repellant agent market is categorized into Teflon, Polyurethane, and silicones. Such high-end products have maximum waterproof capabilities.
On the basis of region, the water repellant agent market is bifurcated into regions such as Latin America, North America, Europe, Middle East, Asia-Pacific, and Africa.
The water repellant agent market regional analysis is done on several regions like Latin America, North America, Asia-Pacific, Europe, Middle East, and Africa. The Asia-Pacific region has the largest water repellant agent market share as the textile industry is expanding. The demand will especially increase in countries like India and China due to the high adaptation rate by the producers of textile yarn. In North America, the market will witness faster growth due to an increase in production capacities, rising economic growth, and high consumption potential.
In the European region, the water repellant agent market will see growth due to escalating purchase power of consumers and rising expenditure on innovation. Middle East, Latin America, and Africa will have moderate growth during the forecast period due to high consumer spending on cars and rising investment in construction areas.
The prominent water repellant agent market players are:
- Silitex SRL (Italy)
- Elkem Silicones (US)
- Rudolf GmbH (Germany)
- Wacker Chemie AG (Germany)
- NICCA CHEMICAL CO. LTD (Japan)
- BASF SE (Germany)
- Daikin Industries, Ltd (Japan)
- Momentive (US)
- 3M Company (US)
- Evonik Industries AG (Germany)
- Aculon (US)
- The Dow Chemical Company (US)
- Huntsman Corporation (UK)
- The Chemours Company (US)
- Shin-Etsu Chemical Co., Ltd. (Japan)
Jan 2022 Rudolf Group, a German textile chemical manufacturer, is pushing the limits of research and development by using natural sources as major components in two new Durable Water Repellent (DWR) technologies. The innovations draw on Rudolf Group's pioneering spirit and earlier "firsts," such as the fluorine-free DWR technologies in the RUCO-DRY product line.Feb 2021 Hubergroup Print Solutions is introducing a water-resistant barrier layer for packing. The company claims that adopting a new formulation of water-based coating binding agents eliminates the requirement for PE film lamination as a water barrier. According to the business, using the HYDRO-X GA Water Barrier Coating can help transition from laminate structures to mono-material paper. To apply the coating, one extra available inking unit is required. Hubergroup believes the solution is most suited for usage in the packaging business, specifically for packing moisture-sensitive commodities like sugar, flour, and dry animal feed.DOW, one of the leading material science companies, introduced Dowsil Emulsion in 2021, which is a new generation durable water repellant finish for fabrics. It does not contain any fluorocarbons.Durabuild entered into a strategic partnership with MNC Birla Group in 2021 to enhance product quality and to supply waterproofing chemicals.
The water repellant agent market forecast report depicts the in-depth market analysis and shows various factors that are boosting the market. It includes the market dynamics, which reflects the opportunities and challenges for the market growth. A brief description is provided about several segments of the market. It also mentions the regional analysis of various areas across the globe which can impact water repellant agent market growth in the upcoming times. The report contains the key market players who will propel the market potential and some recent developments in the field.