Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1201.26 Million | USD 2117.3 Million | 6.5% | 2023 |
According to the report published by Zion Market Research, the global Hydrophobing Agents Market size was valued at USD 1201.26 Million in 2023 and is predicted to reach USD 2117.3 Million by the end of 2032. The market is expected to grow with a CAGR of 6.5% during the forecast period. The report analyzes the global Hydrophobing Agents Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Hydrophobing Agents industry.
Hydrophobing agents which are also commonly known as hydrophobic agents are surface protection materials that minimize the water absorption and make sure the water-repellent effect on the cleaned surface. These agents reduce the penetration of water in concrete by increasing the angle of contact between the concrete surface and water. The hydrophobing agents have numerous applications in several sectors including construction, paints & coating, automobiles, and personal care.
The demand for hydrophobing agents is increasing at a faster pace. The rise in demand for hydrophobing agents for the coating of electronic gadgets to prevent them from moisture, chemicals, and water is propelling the growth of the global hydrophobing agents market. In addition to this, rapid growth in the personal care sector and huge investments in social & economic infrastructure are the key factors that are fostering the growth of the global market. Hydrophobing agents are been widely used in the construction sector to enhance the durability of building materials that are exposed to moisture. These agents prevent efflorescence of salts, frost damage & water absorption, protect sub-layers, maintain the appearance & functionality of the building material, extend the service life of the building as well as the period between renovation, and also save the cost of expensive raw materials.
Owing to all these factors and the increase in commercial residential projects, there is a huge demand for hydrophobing agents from the construction sector which is majorly contributing to the growth of the global market. Moreover, the rapidly expanding automobile industry and the growing use of hydrophobing agents in paints & coatings as well as the healthcare sector are also the additional factors that are spurring the growth of the market. Furthermore, continuous investments in R&D for the launch of new products by the key players may create several opportunities for the growth of the global hydrophobing agents market during the forecast period. However, high initial investments and stringent regulations associated with the use of hydrophobing agents as it releases volatile organic compounds are the factors that may hamper the growth of the global hydrophobing agents market.
The Covid-19 pandemic has led to the global economic crisis. The government had to make a quick decision of complete lockdown and impose stay-at-home orders to control the spread of the virus. Due to this, the manufacturers of hydrophobing agents had to face unprecedented effects as they had to cease all their operations during the pandemic. In addition to this, the disruption of the supply chain hampered the availability of the raw material and the restriction on transport & personnel movement are also the factors that adversely affected the growth of the global hydrophobing agents market. Moreover, the decrease in demand for hydrophobing agents from its end-users has also impacted the market growth.
The global hydrophobing agents market is categorized based on application, product, end-user, and region.
Based on the application, the global hydrophobing agents market is bifurcated into inks, adhesives, paints & coatings, and others.
Based on the product, the global market is classified into fatty acid polymers, hydrophobic polymers, metallic stearates, and silicone polymers.
The end-user market is divided into building & construction, automotive, medical & healthcare, electronics & optical, and others.
Report Attributes | Report Details |
---|---|
Report Name | Hydrophobing Agents Market |
Market Size in 2023 | USD 1201.26 Million |
Market Forecast in 2032 | USD 2117.3 Million |
Growth Rate | CAGR of 6.5% |
Number of Pages | 214 |
Key Companies Covered | Baerlocher GmbH, Zschimmer & Schwarz Holding GmbH & Co., Evonik Industries, East Leading Chemical Co., Ltd., Silcona GmbH & CO.KG, Kao Chemicals, Celanese Corporation, KG Rudolf Group, Dover Chemical Corporation, and Sika Group |
Segments Covered | By application, By product, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is projected to lead the global hydrophobing agents market in terms of revenue followed by Europe. Factors such as rise in investment for infrastructure in private & public sectors, growing need for the replacement of aged construction sites, and increase in need for water-repellent chemicals for building & construction purposes boost the growth of North America market. The market in Europe is expected to rise due to the presence of paint & coating industries and the growing demand for hydrophobing agents from electronics industries. On the other hand, Asia Pacific region is predicted to grow rapidly during the forecast period due to a rise in economic growth leading to invest majorly for the development of infrastructure, increase in demand for personal care products, and expanding cosmetic industries.
Some of the key manufacturers operating in the global hydrophobing agents market are:
The Global Hydrophobing Agents Market is segmented as follows:
By product
By end-user
FrequentlyAsked Questions
The rise in demand for hydrophobing agents for the coating of electronic gadgets to prevent them from moisture, chemicals, & water is propelling the growth of the global hydrophobing agents market. Furthermore, continuous investments in R&D for the launch of new products by the key players may create several opportunities for the growth of the global hydrophobing agents market during the forecast period.
Some of the key manufacturers operating in the global hydrophobing agents market are Baerlocher GmbH, Zschimmer & Schwarz Holding GmbH & Co., Evonik Industries, East Leading Chemical Co., Ltd., Silcona GmbH & CO.KG, Kao Chemicals, Celanese Corporation, KG Rudolf Group, Dover Chemical Corporation, and Sika Group.
North America is projected to lead the global hydrophobing agents market in terms of revenue followed by Europe. Factors such as rise in investment for infrastructure in private & public sectors, growing need for the replacement of aged construction sites, and increase in need for water-repellent chemicals for building & construction purposes boost the growth of North America market.
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