Water Repellent Agent Market To Reach USD 1,730.7 Million By 2032, Says DataHorizzon Research
Fort Collins, Colorado, April 28, 2024 (GLOBE NEWSWIRE) —
Expansion in the textile industry augments the water repellent agent market growth.
The textile industry’s expansion largely propels the demand for water repellent agents. These agents are extensively utilized in manufacturing outdoor clothing, sportswear, and technical textiles, boosting their performance and longevity. With increasing disposable incomes and evolving fashion preferences, there’s a heightened desire for functional and weather-resistant apparel, further stimulating the water repellent agent market’s growth. Moreover, the construction sector serves as another key driver for this market. Water repellent agents find application in treating construction materials like concrete, masonry, and wood to shield them from moisture-induced deterioration and prolong their lifespan.
The rise in environmental consciousness and the implementation of regulatory measures have opened avenues for advancing bio-based and sustainable water repellent agents. Companies are directing their efforts towards creating water repellent solutions sourced from natural origins, including plant-based oils and waxes. These alternatives are biodegradable and boast a reduced environmental footprint. As consumers increasingly favor eco-friendly and sustainable options, coupled with growing governmental backing for green chemistry endeavors, the demand for bio-based water repellent agents is anticipated to surge in the foreseeable future.
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Segmentation Overview:
The water repellent agent market has been segmented into type, technology, application, and region.
Textile is a fast-growing segment that will continue to grow in the coming years.
- Based on the market segmentation by application, the textile segment is expected to hold the largest market share within the water repellent agent market by application. Water repellent agents are extensively used in the textile industry to impart water and stain resistance to fabrics, enhancing their performance and durability.
Teflon is the leading segment for 2023 and continues to grow in the forecast period.
- Based on the market segmentation by type, in 2023, the Teflon segment is expected to hold the largest market share within the water repellent agent market. Teflon, known as polytetrafluoroethylene (PTFE), is a synthetic fluoropolymer known for its excellent water and oil repellency, chemical resistance, and durability.
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Water Repellent Agent Market Report Highlights:
- The water repellent agent market growth is anticipated at a CAGR of 6.6% by 2032.
- Growing demand from the textile industry to encourage market growth in the coming years.
- North America is the fast-growing market for water repellent agents and is projected to attain a leading position in the forthcoming years. Demand for sustainable and eco-friendly alternatives drives industry growth.
- Some prominent players in the water repellent agent market report include 3M, BASF SE, DowDuPont, Huntsman Corporation, Evonik Industries AG, Solvay, Arkema, Daikin Industries, Ltd., Wacker Chemie AG, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., and Rudolf GmbH.
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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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