Hydrophobing Agents Market Size

Hydrophobing Agents Market Size

Hydrophobing Agents Market size achieved USD 1.13 billion in 2023 and will grow at 4.1% CAGR from 2024 to 2032. Increasing growth in decorative & industrial applications including automotive coatings, exterior wall paints, powder coatings, and interior wall paints will have a positive impact on the industry growth.

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The market is anticipated to witness significant gains owing to the rising investments in the restoration activities of aging residential, commercial & industrial infrastructures. The product also has applications in other industries including paints & coatings, cosmetics, detergents, and medical & textile products. Innovations and new product launches in the personal care sector utilizing silicone polymers may stimulate product demand. The global cosmetics market has witnessed steady growth over the past few years. Increasing investments in the personal care sector owing to the increasing proclivity for personal grooming among consumers will have a positive impact on the market growth.
 

Technological advancements in the hydrophobing agents market are driving innovation with enhanced performance and eco-friendly solutions. Recent developments include advanced nano-coatings that offer superior water repellency and durability with minimal environmental impact. Formulations incorporating biobased and biodegradable components are gaining traction, reflecting a shift towards sustainable practices. The integration of smart technologies, such as self-healing coatings, is also emerging, providing long-lasting protection. These advancements not only improve the efficacy of hydrophobing agents but also align with growing regulatory and consumer demands for environmentally responsible products, thus expanding market opportunities and applications.
 

Companies have been investing in capacity expansions to enhance their product portfolio and to cater to a wider customer base. Such strategies and investments will foster the hydrophobing agents market share. Coronavirus spread has led to value chain disruptions throughout the globe. This has impacted the supply of raw materials used for manufacturing hydrophobing agents. 
 

Asian countries including India and China are the major countries impacted by the pandemic. These countries have many consumers and manufacturers. Supply shortage of natural as well as synthetic raw materials due to the lack of transportation facilities in this region may impact the supply chain of the hydrophobing agent’s market. 
 

Supply chain restrictions are forecast to ease up over the short term. There is a shortage of manpower to supply the goods on account of quarantines and lockdowns imposed in several regions. This may lead to shortage of people in the transportation and logistics sector, thus impacting the supply chain network. Increasing number of coronavirus cases throughout the globe will lead to labor shortage for transporting goods from one place to other, which may impact market revenue.