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Hydrophobing Agents Market Size
- Report ID: GMI4441
- Published Date: Oct 2020
- Report Format: PDF
Hydrophobing Agents Market Size
Global Hydrophobing Agents Market size was over USD 950 million in 2019 and is estimated to grow at over 4% CAGR between 2020 and 2026. 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.
The hydrophobing agents 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 hydrophobing agents market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Hydrophobing Agents Market Size in 2019: | 987.7 Million |
| Forecast Period: | 2020 to 2026 |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 326 |
| Segments covered: | Application & Product |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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 a large number of 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 agents 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 hydrophobing agents market revenue.
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Hydrophobing Agents Market Scope
