North America Construction Hydrophobic Agent Market
North America Construction Hydrophobic Agent Market Size By Product (Metallic Stearates, Silicone Polymers, Hydrophobic Polymers), By Application (Plastering, Concrete, Plaster and Fiber boards), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
North America Construction Hydrophobic Agent Market Size And Forecast
North America Construction Hydrophobic Agent Market size was valued at USD 201.16 Million in 2020 and is projected to reach USD 269.69 Million by 2028, growing at a CAGR of 8.79% from 2021 to 2028.
A strong application outlook in paints and coatings, personal care, and the building and construction sectors is expected to drive the industry trends in the near future. The North America Construction Hydrophobic Agent Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
North America Construction Hydrophobic Agent Market Definition
Think of hydrophobic agents like a shield for your concrete. They're designed to make water bead up and roll off, increasing the angle of contact between the water and the surface. Essentially, they help prevent water from soaking into the concrete. Remember how we talked about surfaces being hydrophobic if they don't like to get wet? Well, that's what these agents do! They work by changing how the surface of the concrete interacts with water (either liquid or vapor). For example, silanes are often used to fine-tune this interaction, giving us a lot of control over whether the surface becomes more water-repellent (hydrophobic) or water-attracting (hydrophilic).
Further, Hydrophobing agents also referred to as hydrophobic agents, are prominently utilized to minimize water absorption and ensure a water-repellent effect on cleaned surfaces. These compounds are used across a broad range of applications, from surface protection of critical infrastructure and automobiles to designing stain-repellent textiles. Hydrophobic agents are usually used to enhance the durability of building materials that are exposed to moisture. For instance, external and internal factors include; External, rain, fog, dew, and snow; and, Internal, high humidity in kitchens and bathrooms.
North America Construction Hydrophobic Agent Market Overview
A strong application outlook in paints and coatings, personal care, and the building and construction sectors is expected to drive the industry trends in the near future. Besides, favourable government initiatives to support infrastructure development projects in emerging as well as developed economies for the construction of new buildings, as well as renovation of existing ones, will boost the demand for water-repellent and waterproofing chemical compounds. In addition, heavy spending by the government in the restoration of aging residential, commercial and industrial infrastructures will encourage the consumption of hydrophobic chemicals and materials.
But hey, there's a catch! Stricter rules about letting VOCs and fluorocarbons out into the air in places like North America might slow things down for the global hydrophobic agent market in the next few years. You know, VOCs – those invisible, carbon-based chemicals that just evaporate at room temperature. On the flip side, all sorts of cool ways to make hydrophobic coatings are popping up thanks to what the construction industry really needs, which means tons of new chances for the Hydrophobic Agents Market. Plus, everyone's trying to make these water-repelling agents with fewer (or even zero!) VOCs, but still keep them tough against heat, water, and scratches, which should really boost the market in the years to come.
North America Construction Hydrophobic Agent MarketSegmentation Analysis
The North America Construction Hydrophobic Agent Market is segmented on the basis of Product, Application, and Geography.
North America Construction Hydrophobic Agent Market, by Product
Based on Product, the market is bifurcated into Metallic Stearates, Silicone Polymers, Hydrophobic Polymers, and Fatty Acid Polymers. Metallic Stearates accounted for the largest market share in 2020 and is projected to grow at a CAGR of 4.17% during the forecast period. Metallic stearates are compounds of long-chain fatty acids with metals of various valences. The most important and famous metallic stearates, in terms of quantity, are the metallic stearates of calcium, magnesium, aluminum, and zinc. It is primarily used as acid scavengers, lubricants, and release agents, which is becoming increasingly important in melt processing.
North America Construction Hydrophobic Agent Market, by Application
• Plastering• Concrete• Plaster and Fiber boards• Others
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So, when it comes to how these special water-repelling agents are used in North American construction, we're talking about things like Plastering, Concrete, Plaster and Fiber boards, and Others. Now, Plastering was the big winner in 2020, and it's expected to keep growing at a rate of about 3.97% each year. You know, plastering is all about smoothing things out – taking those rough, uneven surfaces and making them perfect with plaster or mortar. This gives you a nice, even surface that's ready for paint and protects against the elements too! As more people want that protective and decorative touch on their walls and ceilings, and use plaster for cool decorative stuff, the market for these hydrophobic agents is just going to keep going up.
North America Construction Hydrophobic Agent Market, by Geography
• U.S.• Canada• Mexico
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Let's break down the North American market for construction hydrophobic agents by regionthe U.S., Canada, and Mexico. Seems like the U.S. market was the biggest player back in 2020, and it's expected to keep growing strong, with a predicted CAGR of 4.02%! Canada held the number two spot. Why the U.S. lead? Well, they're a huge consumer of paints, especially in the automotive and construction industries, which gives the market a real boost. In the U.S., you'll find these agents used a lot in remodeling old buildings and making automotive finishes. Plus, with people embracing new tech and having more money to spend, the paints and coatings industry across North America is really taking off!
Key Players
The “North America Construction Hydrophobic Agent Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Wacker Chemie AG, Dow Chemicals, Celanese Corporation (Elotex), Sika Group, Kao Chemical, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
Company Name
Key Development
Description
Celanese Corporation (Elotex)
Acquisition
• Celanese Corporation had completed the acquisition of Nouryon’s re-dispersible polymer powders business offered under the Elotexbrand.• Celanese will integrate the Elotex product portfolio and production facilities into its North American as well as global vinyl acetate-ethylene (VAE) emulsions business to further meet the product demand.
Sika Group
Acquisition
• Sika acquired King Packaged Materials Company, a large independent Canadian manufacturer of dry shotcrete, and mortars for concrete repair.• With the acquisition, Sika will further expand its geographical footprint in Canada and improve its growth potential in the home improvement, construction as well as mining, and tunneling markets.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2017-2028
BASE YEAR
2020
FORECAST PERIOD
2021-2028
HISTORICAL PERIOD
2017-2019
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Wacker Chemie AG, Dow Chemicals, Celanese Corporation (Elotex), Sika Group, Kao Chemical, and Others.
SEGMENTS COVERED
By Product, By Application, and By Geography.
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We'll dig into the market using both number-crunching and understanding people, looking at different segments based on what drives them. You'll get market values (in USD Billion!) for every area we explore. We'll point out the region and segment poised for the biggest jump and overall leadership. Get ready for a geographic breakdown, understanding product/service use and regional market influences. See how the big players stack up with market rankings, plus a look at their latest moves – new products, alliances, expansions, and acquisitions – over the last five years. We'll even give you in-depth profiles of key companies, covering their story, insights, product comparisons, and a SWOT analysis. You'll also get the current and future industry outlook, highlighting opportunities, drivers, challenges, and restraints in emerging and established regions. We're going deep with a Porter's Five Forces analysis and a look at the Value Chain. Finally, we'll explore market dynamics, growth opportunities ahead, and give you 6 months of post-sales analyst support.
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