Global Hydrophobing Agents Market size worth over USD 1 billion by 2026

According to a new research report by Global Market Insights Inc., the global Hydrophobing Agents Market size is set to surpass USD 1 billion by 2026. Increasing construction and infrastructure development activities being carried out in different regions across the world is likely to raise the demand for hydrophobing agents in the years to come.
 

Increasing demand from decorative applications including exterior and interior wall painting may boost market growth. Furthermore, increasing efforts being undertaken by major industry players to develop new and improved products with better properties is expected to further propel the hydrophobing agents market growth.
 

Extensive research and development in the area of silicone polymer hydrophobing agents is expected to provide promising opportunities to the growth of hydrophobing agents market. Key players are investing heavily in research and development of silicone resins to provide solutions with better and improved properties to end customers. For instance, in September 2016, Evonik launched its latest high-performance hydrophobing agents, TEGO Phobe 1659 and TEGO Phobe 1409 to protect facades from weather, water and dirt.
 

TEGO Phobe 1659 is made from an innovative silicone resin technology that balances hardness and silicone attributes while increasing efficiency and reducing dirt pick-up. The dosage of TEGO Phobe 1659 can be altered without affecting water resistance. TEGO Phobe 1409 is made from amino-functional polysiloxane, which generates a water repellant effect that leads to significantly lesser drying time for façade and preventing it from attack of moss and algae. Hydrophobing agents market from silicone polymers is expected to reach USD 505.04 million by 2026 growing at a CAGR of 4.5% over the forecast period.
 

Browse key industry insights spread across 260 pages with 354 market data tables and 25 figures & charts from the report, “Global Hydrophobing Agents Market By Product (Metallic Stearates {Zinc, Aluminum, Calcium and Magnesium}, Hydrophobic Polymers, Silicone Polymers, Fatty Acid Polymers), By Application (Building & Construction {Plastering, Plaster & Fiber Boards, Concretes}, Paints & Coatings, Personal Care, Inks), Industry Analysis Report, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hydrophobing-agents-market
 

Remarkable attributes such as anti-microbial, anti-biofouling, anti-corrosion, and anti-icing coupled with new product developments to raise product demand from paint & coatings sector

Paints and coatings sector accounted for significant market size of USD 239.24 Million in 2019. The crucial role played by hydrophobing agents in protecting critical infrastructure from microbial attack, biofouling, corrosion and icing is expected to escalate product demand from paint & coatings sector. Furthermore, the rising demand for cars with vibrant and varied colors may raise the product demand from the automotive sector. The rising paints & coatings demand owing to rising infrastructure development for interior and exterior wall painting and industrial applications will accelerate the hydrophobing agents market share.
 

For instance, in March 2020, Celanese Corporation acquired Nouryon’s Elotex Dedispersible Polymer Powders Business which would enable the company to further strengthen its position in powder coatings sector. In September 2018, Evonik Industries announced a joint venture with Wynca to produce fumed silica. The hydrophobic fumed silica known as Aerosil is used as an anti-setting agent in coating systems and adhesives owing to its remarkable attributes such as low-moisture absorption and excellent dispersibility.
 

In June 2015, BASF SE introduced a new hydrophobing wall coating to its Master Protect range of protective coatings, referred to as the Master Protect C 350 hydrophobic coating. The product effectively repels water, dirt & dust, minimizing maintenance and enhancing the aesthetic appeal of buildings.
 

Major players in the hydrophobing agents industry are adopting inorganic growth strategies such as mergers, acquisitions and partnerships to strengthen their distribution networks and enhance their existing product portfolio. The primary market players include Zschimmer & Schwarz Holding GmbH & Co. KG, Baerlocher GmbH, The Dow Chemical Company, Wacker Chemie AG, Peter Greven, FACI S.P.A, Celanese Corporation.
 

Increasing construction and renovation activities to augment growth of hydrophobing agents market in Europe.

Europe is expected to reach USD 343 million by 2026 growing at a CAGR of 3.8% during the forecast period owing to the healthy growth of construction sector in the region. The rising trend of designing sustainable buildings and construction products to improve energy savings and resource efficiency of infrastructure is expected to propel the hydrophobing agents market growth.