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March 22, 2018 –Scientists at the Nanjing Tech University (China) published their Research Study findings for the Super hydrophobic films they developed using anisotropic silica particles that provides an effective strategy to control particle morphology and modification. These innovative films demonstrate excellent liquid repellence and mechanical durability.
Water Repellent Agent Market – Segmentation
The report is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
By Type: Comprises –Polyurethane, Teflon, Silicones & others.
By End Use Industries: Construction, Textiles, Automobile, Furniture, Leather, Medical, and others.
By Technologies: Solvent Based, Water Based, and others.
By Regions: North America, Europe, APAC and Rest of the World.
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Water Repellent Agent Market – Overview
Water Repellent Agents as the name suggests, have hydrophobic properties that repel water exposure. Developed with special materials & technology, these substrates are used in coating materials to give a product a protective finish against moisture intrusion while allowing its materials to breath as in to release the moisture vapour. Thus, to increase product’s service life & durability increasing its chances to withstand water contact.
Such water repellent coatings have extensive demand from the burgeoning industries like construction, automobile, furniture & upholstery, leather & medical. Wherein, materials require protection from the moisture inflicted by rains, snow, humidity and chloride ion intrusion that wears off their appearance & life.
Resultantly, Water Repellent Agents enjoy a great demand & its market enjoys an extensive traction worldwide. Attributing to the improving economic conditions & urbanization over the past few years, this market has escalated immensely garnering a huge prominence.
Recognizing the potential of the market to grow further in the years to come, Market Research Future (MRFR) has published a detailed study report giving out the market forecast for the period 2017 – 2023. In its analysis, MRFR asserts that the Global Water Repellent Agent Market is expected to demonstrate a voluminous growth by 2023, registering a striking CAGR during the forecasted period.
In addition, factors that drive the market growth include; increasing textile manufacturing units in the developing markets owing to the augmented demand from the rising middle-class population. Moreover, factors such as augmenting demand for waterproof automotive components worldwide coupled with the increasing construction & infrastructure development activities globally, are providing impetus to the market growth to an extent. These same trends would foster the market growth over the assessment period as well.
Water Repellent Agent Market – Competitive Analysis
Manufacturers operating in this highly competitive market strive to deliver the best quality, reliable and consistent pure high-quality products based on innovative technologies. They also strive to build the ability to tailor products with the requested specifications such as customized/bulk packaging and special requirements. Product launch, M&A activities, collaboration remain key strategies of the market players to churn the competitive advantages.
Wacker Chemie AG (Germany), BASF SE (Germany), The Dow Chemical Company (US), Evonik Industries AG (Germany), Momentive Performance Materials Inc. (US), Bluestar Silicones USA Corp. (US), The Chemours Company (US), Shin-Etsu Chemical Co., Ltd. (Japan), 3M Company (US), Huntsman Corporation (UK), Aculon (US) and Daikin Industries, Ltd. (Japan)are some of the leading players of the Global Water Repellent Agent Market. Profiling them in its analysis, MRFR explores strategies that keep them at the forefront of competition.
Water Repellent Agent Market – Regional Analysis
Asia Pacific market for Water Repellent is expected to grow with the fastest CAGR over the forecast period owing to the increasing demand from the burgeoning textile industry in some of the APAC economies like India & China. Furthermore, factors such as availability of low cost raw material, land and moderately regulatory framework are contributing to the growth of the regional market.
European countries such as Italy, Spain, the UK, and Germany are expected to be the prominent consumer markets due to the increasing expenditure on innovation and growing purchasing power of consumers.Additionally, presence of major automobile manufacturers, especially, in Germany will be providing impetus to the regional market growth.
North America is estimated to witness a significant growth in the Water Repellent agent market due to the strong base for various industries along with the rising investment in to revitalize leather &healthcare industry over the forecast period.
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