August 19, 2021
According to the research report titled ‘Hydrophobing Agents Market Size By Product (Metallic Stearates {Zinc, Aluminum, Calcium and Magnesium}, Hydrophobic Polymers, Silicone Polymers, Fatty Acid Polymers), By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global hydrophobing agents market is expected to record considerable growth during 2020-2026.
Increasing awareness and widespread product adoption across various applications such as building & construction, concrete, inks, paints & coatings, and personal care are the key factors fueling global hydrophobing agents market size.
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Based on product landscape, the report cites that aluminum segment is expected to generate revenues worth USD 78.93 million by the year 2026. Meanwhile, magnesium segment share is deemed to witness 4.1% CAGR through 2026. The product is known to provide lubricating properties as well as high gelling capacity, water & acid resistance, and stabilizing properties. According to the report, the fatty acid polymers segment is likely to account for USD 127.75 million by the end of the forecast period.
Elaborating on the application perspective, global hydrophobing market size from concrete segment is expected to register a y-o-y growth rate of 4.1% through 2026. The product is extensively used on vertical surfaces which are more exposed to the environment, and hence is witnessing robust growth.
Considering the geographical landscape, Latin America market is estimated to witness 2.6% CAGR and amass revenues worth USD 90.02 million by the end of the study duration. Middle East & Africa market, on the other hand, is expected to reach a valuation of 51.64 million by 2026, exhibiting a y-o-y growth rate of 2.8% during this timeframe.
The prominent companies operating in global hydrophobing agents market are Dover Chemical Corporation, Kao Corporation, Evonik Industries AG, Celanese Corporation, Jowat S.E., FACI S.p.A., Peter Greven GmbH & Co. KG, Wacker Chemie AG, The Dow Chemical Company, Baerlocher GmbH, Rudolf GmbH, and Zschimmer & Schwarz Holding GmbH & Co. KG among others.