Fact.MR recently published a market study on the global Hydrophobic Solvents Market. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the Hydrophobic Solvents Market structure. It also presents exclusive information about how the Hydrophobic Solvents Market will grow during the forecast period of 2018-2028.
Hydrophobic solvents are used in different industries, such as construction, wastewater treatment, petrochemical, chemical solutions, paints, coatings, etc. The hydrophobic solvents are used in the coating to avoid corrosion of structures and metals.
With the growing construction industry and industrial development, the hydrophobic solvents are all set to gain significant traction across the globe. The hydrophobic solvents have applied over the traditional protective coatings, which protects materials against chemicals that are likely to push the market for hydrophobic solvents over the forecast period. Hydrophobic solvents are becoming popular among the new age of chemicals and solutions due to its high protective output and ability to protect materials and structures in the chemical environment, which is likely to aid in its growth in the near future. With developments and innovation among industrial chemical and protective agents, they are becoming a significant segment in the market for better coating and chemical solution applications. The increasing preference for building construction with metallic structure, infrastructure development has significantly driven the need for hydrophobic solvents in the past few years.
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Hydrophobic Solvents Market: Market Dynamics
The hydrophobic solvents are in demand due to the growing industrialization and chemical industry. Metal structures may get corrosive after coming in contact with hydrophilic solvents and chemicals in the environment, which can be avoided by application of hydrophobic solvents. Hydrophobic solvents have set the norm for efficient and reliable protective coating, cleaning solutions, extraction solutions, compounding agents and metalworking fluid formulations. Several manufacturers have established facilities across lucrative regions such as East Asia and South Asia for hydrophobic solvents, which is likely to create opportunities in the near future.
The growing industries, such as automotive, are set to increase the demand for lubricants, which provides lubrication and anti-corrosive strength to an engine, which is likely to push the market for hydrophobic solvents. Among the applications of hydrophobic solvents, cleaning and extraction solutions have a significant demand from the end-user industries.
Moreover, the growing demand for metal fluid formulations, compounding agent, diluents are expected to increase the market for hydrophobic solvents.
Hydrophobic Solvents Market: Market Segmentation
The hydrophobic solvents market is segmented into different parts based on applications and geography.
Based on application, the hydrophobic solvents market is segmented into:
- Cleaning Solvents
- Extraction Solvents
- Compounding Agents
- Metalworking fluid formulations
- Other applications
Hydrophobic Solvents Market: Regional outlook
Hydrophobic solvents market can be categorized into seven critical regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Africa. Hydrophobic solvents market is expected to register healthy growth across all the geographies during the forecast period. North America represents a considerably high market share as the hydrophobic solvents market is growing in the region due to increased per-capita expenditure and interests in top infrastructure developments and chemical industry developments.
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The emerging economies are expected to create notable demand for hydrophobic solvents as there is lucrative growth in the construction industry, chemical industry and paints & coatings. The growing industrialization in regions like East Asia and South Asia is set to create significant opportunities for the manufacturers of hydrophobic solvents.
China and India’s developing market is expected to impact the growth of the hydrophobic solvents market positively.
Moreover, Europe is a growing market due to high per-capita income and the rising construction activities in the region, which is likely to create a demand for the hydrophobic solvents market over the forecast period.
Hydrophobic Solvents Market: Key Players
In the hydrophobic solvents market, there is competition at the regional level among manufacturers. Some of the prominent players in the hydrophobic solvents market are xF Technologies Inc., Arkema Group, Eastman Chemical Company, The Merck Group, Kuraray Group and Sonneborn LLC, among others.
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Mr. Laxman Dadar is an accomplished proficient in statistical surveying composing. His visitor posts and articles have been distributed in driving industry and sites. His interests include fiction, theory, and innovation.