A hydrophobic agent is a substance that is insoluble in water. It is usually applied to a material surface to make it water-resistant or water-repellant. Hydrophobic agents work by reducing the surface tension of water and preventing water droplets from forming and adhering to the surface.
Hydrophobic agents are used in a wide variety of products and applications, including coatings and lubricants, adhesives and sealants, paints and inks, and personal care products. They are also used to make fabrics water-repellant and to extend the shelf life of food products.
The growth of the market is driven by increasing demand from various end-use industries, such as automotive, building & construction, textiles, and personal care & homecare. In addition, growing environmental awareness and stringent regulations are expected to propel the demand for hydrophobic agents in the near future.
The global Hydrophobic Agent market was valued at US$ 326 million in 2022 and is anticipated to reach US$ 399.2 million by 2029, witnessing a CAGR of 2.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Hydrophobic Agent Market available at: https://www.themarketreports.com/report/global-hydrophobic-agent-market-research-report
This report aims to provide a comprehensive presentation of the global market for Hydrophobic Agent, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydrophobic Agent.
Currently, Wacker, Elotex, Baerlocher, Peter Greven and FACI S.P.A are major manufacturers of this industry. Wacker is a global leader, held a share of 17%.
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