Future Market Insights
Wetting agent falls under the category of surfactants. Wetting agents are commercially adopted and enables the lowering down the surface tension of the liquid solutions. Liquid molecule has tendency to bond together with each other’s surface which was created by the molecular forces between them. Wetting agents helps in weakening these bonds and reduces the affinity of the molecules to bond together. This will further helps in penetrating and spreading properties of the liquid in any kind of substrates. The application of wetting agent in liquids will help in reducing the energy necessary to spread the liquid droplets on to the surface. Commercially wetting agents are available in different types such as water, solvent and powder or granular based types. Out of the above said type’s water found huge adoption in many end use industries in different applications owning to cost-effective and environmental friendly nature. Powder or granular based wetting agents is expected to find huge adoption in the coming few years. Wetting agents are commercially used widely for the formulation of many products such as detergents, fabric softeners, paints, adhesives, herbicides, biocides, laxatives to name a few which further helps in fitting the demand for different end-user industries such as automotive, chemicals, industrial and agrochemicals. Particularly in agriculture sector the use of soil wetting agent is in high demand due to effective crop performance and high yield requisite which enables the wetting agents as one of the prominent business opportunity globally. It further enables the increase in manufacturers and suppliers in the manufacturing and distribution of wetting agents.
Wetting Agent Market: Drivers and Restraints
In last few years, there has been inclination towards increase in the production & consumption of wetting agent for many application has been witnessed and a similar development is likely to be follow in the coming 5-10 years. The introduction of advanced technologies of production coupled with growing demand in the agriculture, automotive and chemical industry is estimated to impact market development in a positive. Increase in pharmaceutical and cosmetic products consumption, industrial development and growing disposable incomes have directed to a surge in refurbishment and renovation activities and construction plans which enables the increase in wetting agents consumption globally. Moreover, the significant flourishing in the automotive, agricultural and mounting construction activities in emerging countries have also surge the demand for wetting agents. Innovative approaches such as new technologies in order to synthesize a bio based product in a cost effective manner are adopted by the manufacturers. This will provide a growth opportunities in the market for long term. Also, there has been intense R &D activities are performed by the manufactures which further provide a roadmap for the usage of wetting Agent based product in novel applications. However in some application such as formulation of detergent products based on wetting agents may interfere the aquatic organism life cycles in a negative manner which may hamper its consumption.
Wetting Agent Market: Segmentation
On the basis of product type, the Wetting Agent Market can be segmented as:
On the basis of Application, the Wetting Agent Market can be segmented as:
Wetting Agent Market: Region Wise Outlook
The global Wetting Agent market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2016, the growth in developed regions such as Western Europe, Japan and North America will be driven by the expansion of industries like automotive, residential and commercial industries. The APEJ and Latin America region will also register rapid growth due increasing demand for bio based chemicals, insecticides, herbicides and cosmetic products. Also, increase in manufacturing units mainly in the emerging economies such as China and India. In addition increasing populations and disposable incomes which are prominent factors for the high growth of the end-use industries. MEA is also projected to also expand with a significant CAGR over the forecast period.
Examples of some of the market participants in the global Wetting Agent Market identified across the value chain include:
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