Wetting Agents Market: Overview
Wetting
agents are surfactants that increase the spreading ability of liquids by
lowering their surface tension. They decrease the intermolecular bond within
the liquid and reinforce the bond between liquid and solid or gas phase. This
allows proper spreading of liquid on solid phase.
Wetting Agents Market: Trends & Demands
Demand for
paints and coatings has increased significantly owing to the rise in
advancements in architectural projects & facilities, commercial/industrial
businesses, and buildings; and increase in renovation activities across the
globe. This, in turn, is driving the wetting
agents market, as these agents are used as formulations to provide
adequate wetting properties, with enhancement of compatibility of different
components and improvement in surface of coatings. Wetting agents are added to
waterborne coatings to increase the wetting of the substrate; improve
compatibility with pigments and other components; and reduce rub-out effects.
Wetting Agents Market: Key Segments
Based on
type, the wetting agents market can be segment into anionic, cationic,
amphoteric, and non-ionic. Anionic have negative charge, while cationic have
positive charge. Amphoteric wetting agent can act both ways, depending on the
acidity of the solution. Non-ionic wetting agents do not possess any electric
charge. Non-ionic wetting agents are designed for usage in waterborne coatings
for metals, woods, and plastics.
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Based on
application, the global wetting agents market can be segregated into automotive
& transportation, building & infrastructure, marine & defense,
textile, and others (including protection against rusting and architectural
& decorative). Rise in demand for advanced automotive products such as
bikes and cars and increase in per capita income of the people are anticipated
to boost the automotive & transportation industry. Wetting agents are
commonly used as detergents in various textile treating processes, such as
bleaching, dyeing, de-sizing, mercerizing, and finishing in the textile
industry. These agents promote fast wettability of textiles, as they passes
through the various baths.
Wetting Agents Market: Regional Outlook
In terms
of region, the global wetting agents market can be classified into North
America, Latin America, Asia Pacific, Europe, and Middle East & Africa.
Europe and the U.S. are anticipated to constitute major share of the global
market during the forecast period, as these companies are the major
trendsetters and are engaged in innovating and introducing new products in the
global market. The wetting agents market in Asia Pacific is likely to expand at
a rapid pace due to expansion in developing economies such as India and China.
Increase in construction activities, rise in demand for new automobiles, and
growth in spending power are projected to propel the market in Asia Pacific in
the near future.
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Wetting Agents Market: Key Players
Prominent
players operating in the global wetting agents market include Croda
International Plc., BASF SE, Evonik Industries AG, BYK-Chemie GmbH, Akzo Nobel N.V,
and Clariant International AG. These players are engaged in research &
development activities, strategic alliances, and mergers & acquisitions to
gain market share.
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