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MA2006240 |
Pages: NA |
May 2020 |
The water repellent market will witness growth due to increasing demand for waterproofing components in the automobile industry, upsurge in durable water repellents that add value to finished textile products, and growing adoption in various applications such as medical equipment, fabrics, windshield, and other.
Water repellent is a kind of material used in various industries including manufacturing, textile, construction, automotive, and others to make products water- resistant. It restricts the penetration of water only to the surface. It not only helps in resisting water but helps in maintaining the product quality and durability. Water repellent is, therefore, basically a step up from water resistance which means that water can’t enter easily into the material.
India is a country which faces major tropical rainy climate owing to changes in weather. Due to that it has become a basic need for industries to be competitive in the market and be aware of the techniques that deal with the damages caused due to moisture. For instance, fabrics such as Gore-Tex make use of water repellent techniques for raincoats, umbrellas, and clothes. They offer extremely breathable products that provide comfort to the wearer. The automobile industries have also started deploying this technique in the windshields, which is beneficial for the vehicle owner and others for cleaning, in areas with lots of rain, dirty roads and busy highways. Hence the awareness of the water repellent techniques will be majorly driving the market in the coming years.
Fluorine is a chemical substance present in rocks, coal and so on. It reacts with air and has an awful effect on the environment. Government bodies have implemented strict regulations to restrict the use of toxic chemicals in production of water repellent materials. Water repellent manufacturing companies are only focusing on one material i.e. fluorine that helps in producing water repellent products. Therefore, the non-fluorine water repellent products are only waterproof, which are relatively weak and cannot be applied to all fabrics. The low PH value and impurities present in non-fluorine fabrics having a negative impact on the market.
The new biodegradable material invented by Lotus is composed of cellulose as base substance and has better water repelling property. It is a super hydrophobic surface of leaves which trap air and provide protection against water. This technique makes use of a purely organic substance which is beneficial for carsas and capable enough to make cars survive in severe flood. The electric vehicle market is projected to reach 50% in the forecast period which offers lucrative opportunities to the water repellent market to expand in the near future.
Teflon type of water repellent is expected to have a favourable growth in the forecast period because of its non-fluorinated stain repellent technology. In addition, it is used in fabrics for the breathability and durability of the material. Other types are polyurethane and silicone.
Solvent based technology is assumed to project a healthy CAGR in the forecast period due to properties like instant waterproofing and undamageable in extreme cold conditions. Hence, cold climatic regions like Europe use this technology even in extreme winter. Water based technology is not prominent as it reduces the glossy texture of the surface and gives a matte finish.
The textile industry is gaining high popularity among consumers owing to the highest production of jute with a market share of almost 63% in the garment and textile area and ranks second in silk and cotton production. Therefore, the textile industry is booming at a faster rate. Other end-users comprise of the automobile industry, pharmaceuticals, maritime industry, paper, and leather industry, construction, and robotics
The Asia Pacific region is expected to witness a high growth rate in the market due to the presence of high end-use industries in China, such as automotive, textile, and others. Moreover, consumer preference towards comfortable clothing and affordable price in the region has accelerated the demand for fabrics by applying water repellent technology into textile production.
To explore more about the water repellent market, get in touch with our analysts here.
https://www.researchdive.com/connect-to-analyst/240
Key Participants in the Global Water Repellent Market:
Merger & acquisition and advanced product development are the frequent strategies followed by the market players
Some of the significant water repellent market players include AK Waterproofing Company, All India Waterproofing Company, Angel Waterproofing Company, Chaudhary Waterproofing Company, Altantis Engineers, Dr Fixit, Garg Waterproofing Company,Fosroc Chemicals India, Leakproof and Jireh Technologies.
Market Players prefer inorganic as well as organic growth strategies to expand into local markets. Water repellent market players are emphasizing more on merger & acquisition and advanced product development. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, the Porter’s five force model is explained in the report.
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Aspect |
Particulars |
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Historical Market Estimations |
2018-2019 |
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Base Year for Market Estimation |
2018 |
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Forecast timeline for Market Projection |
2019-2026 |
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Geographical Scope |
North America, Europe, Asia-Pacific, LAMEA |
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Segmentation by Type |
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Segmentation by Technology |
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Segmentation by Application |
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Key Countries Covered |
U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia |
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Key Companies Profiled |
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Source: Research Dive Analysis
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