Water Repellant Agent Market Size, Share, Growth, and Industry Growth by Type (Fluorine Water Repellant and Fluorine-Free Water Repellant) By Application (Textiles, Nonwovens, Paper and Packaging, and Others), Regional Insights, and Forecast To 2031

Updated On: 20 November 2023

Water Repellant Agent Market REPORT OVERVIEW

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The global water repellant agent market size was USD 876.4 Million in 2022 and market is projected to touch USD 1535.2 Million by 2031, at a CAGR of 6.4% from 2022 to 2031.

A processing ingredient called water repellent coats the surface of the fiber with a nanoparticle substance, greatly improving the fabric's ability to repel water. Additionally, it offers washing durability. The benefit of this finishing is that since the fabric is not totally coated with thick resins, the original hand of the fabric may be preserved without losing air permeability.

COVID-19 Impact: Halt on Production to Impede Market Growth

The global community was negatively impacted by the COVID19 infection's surge. The pandemic presented numerous obstacles for the market for water repellant agents as well. Lockdown regulations during the pandemic forced a halt to production and operations. The supply chain was severely disrupted, and the gap between supply and demand widened. Due to the downturn in the building and automobile industries, the market was impacted. However, the beneficial characteristics of the water repellant compounds increased demand, which resulted in an increase in the size of the market for these substances.

LATEST TRENDS

"Infrastructure Development to Foster Market Growth "

The rising construction and infrastructure development worldwide is favorably affecting market expansion. The manufacture of products that release high levels of volatile organic compounds (VOC) into the atmosphere presents hurdles for the market even though it has strong growth prospects. Various government agencies are enforcing strict controls on the usages of dangerous chemicals while developing water repellant agents in response to the growing ecological concerns.

Water Repellant Agent Market SEGMENTATION

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• By Type

Based on type, the market is divided into Fluorine Water Repellant and Fluorine-Free Water Repellant.

• By Application

Based on the application, the market is divided into Textiles, Nonwovens, Paper and Packaging, and Others.

DRIVING FACTORS

"Sustainable Technological Development to Improve Market Progress"

The end markets for these materials seek low-cost goods, which puts additional pressure on the producers and widens the demand-supply imbalance. On the other hand, numerous new studies are being conducted to create environmentally friendly, sustainable technologies that can be employed in manufacturing. Manufacturers are investing heavily in creating eco-friendly, bio-based products that can provide an unmatched mix of features when compared to traditional water-repelling products. Some of the novel solutions have already been embraced by manufacturers.

"Increasing Demand from Construction Sector to Fuel Market Progress "

The demand for water repellant agents will rise along with the growth of the construction sector. The water repellent substances in the concrete mixture boost the concrete's efficacy and durability by preventing capillary water absorption. Therefore, the building sector will increase the market share of water repellent agents. The market will experience demand in the automotive industry as well, as the sales of electric vehicles and the use of high-end products will accelerate water repellant agent market growth. The market potential is also boosted by the use of windshields with water-repellent coatings in all kinds of automobiles.

RESTRAINING FACTORS

"Fluctuating Prices to Limit Market Growth "

The price of these agents overall and drives up the cost of production. However, technical developments anticipated in the near future would boost market expansion and result in cost-effective solutions.

Water Repellant Agent Market REGIONAL INSIGHTS

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"Increasing Adoption from Textile Industry in Asia Pacific to Drive Market Share "

As the textile sector grows, the Asia-Pacific region holds the biggest water repellant agent market share. Due to the rapid rate of adaptation by textile yarn makers, the demand will rise particularly in nations like China and India.

The market will expand more quickly in North America as a result of expanding manufacturing capabilities, accelerating economic growth, and high potential for consumption.

Due to expanding consumer spending power and increased investment in innovation, the market for water repellant agents will expand in the European region.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• DAIKIN (Japan)
• Huntsman (U.S.)
• AGC (Japan)
• Chermous (U.S.)
• Archroma (Switzerland)
• Dymatic (China)
• Zhejiang Transfar Chemicals (China)
• Rudolf GmbH (Germany)
• NICCA (Japan)
• DyStar (Singapore)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.