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Allied Market Research

Wetting Agents Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07705
Pages: NA
Dec 2020 | 49 Views
 
Author(s) : NA
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Wetting Agents Market Analysis 2020-2027

Wetting agent is a substance that helps in the reduction of the surface tension of the water to allow it to spread drops onto a surface, thus increasing the spreading abilities of a liquid. Wetting agents have a physical attraction for both the surfaces involved and have no permanent chemical bond to the surfaces that they wet.

Scope of the report

  Report Metric

                                      Details

  Market size available for   years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020-2027

  Forecast units

  Value (USD) and Volume (Ton)

  Segments covered

  Product, Application, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa

  Companies covered

Croda international PLC, BASF SE, Evonik industries AG, BYK-Chemiegmbh, Akzo Nobel N.V, ALASIA Chemicals, Hexion Inc., Harmony Additive Pvt. Ltd, Huntsman Corporation, and Clariantt international AG.

COVID-19 impact analysis

  • The global market for wetting agent is severely impacted by the outbreak of the COVID-19 pandemic.
  • The suspension of automotive, transport, and industrial sectors across the globe affected the market growth for wetting agents. 
  • Countries across the globe imposed social distancing and lockdown norms shutting down significant number of factories and plants. The reduced number of labor force in factories led to reduced production rate, thus hampering the market growth.
  • In addition, share prices for agricultural companies have fallen including crop processors and fertilizer producers by around 18-31%, which further affected the market growth. 
  • However, government across different countries initiated campaigns to attract workers. For instance, German Government is bringing in around non-German 80,000 seasonal workers from Eastern Europe on specially chartered airplanes to work on farms and relieve the shortage.
  • Moreover, companies are encouraging students and workers from service and production industries for seasonal field work. Such new initiatives may improve the market scenario creating new opportunities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:

The major factors driving the wetting agents market are increase in demand for wetting agent in the agricultural sector, as it is widely used as fertilizers, penetrate, and humectants in agricultural activities. Furthermore, advancement in the industrial and commercial projects is increasing, this, in turn, driving the wetting agents market. These agents are used as a formulation for the adequate wetting properties and added to waterborne coatings. Furthermore, surge in demand for odorless surfactants will be a new innovation in the wetting agents market. In homecare, wetting agents are used in various cosmetics products and creams. Wetting agents are expected to witness increased traction in the agricultural sector during the forecast period.

Key segments covered

                     Segment

                             Subsegment

  By Product

  • Cationic
  • Amphoteric
  • Non-ionic
  • Others

  By Application

  • Agricultural
  • Industrial
  • Automotive
  • Transportation
  • others

  By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

Key market players

Some of the major market players of wetting agents market are Croda International PLC, BASF SE, Evonik industries AG, BYK-Chemie gmbh, Akzo Nobel N.V., and Clariant international AG. Expansions, acquisitions, partnerships, and new product developments are the main focus of these market players to grow their business in the potential markets. They have further been focusing on strategies such as organic and inorganic growth developments, including contracts and investments.

Key benefits of the report

  • This study presents the analytical depiction of the global wetting agents market along with the current trends and market estimation to determine the imminent investment pockets.
  • The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the global wetting agents market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global wetting agents market growth scenario.
  • The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.
  • This report helps users in comprehending the key product segments and their future.

Questions answered in the global wetting agents market research report:

  • Which are the leading players active in the global wetting agents market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What should be the response of the wetting agents market players amid the COVID-19 pandemic?
  • What are the projections for the future that would help in taking further strategic steps?
  • What is the outlook of the industry?
  • What are the emerging key segments in the wetting agents market?
 
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