North America, Japan, & Europe Silicone Water Repellent for Construction Market Forecast to 2030
Market Overview
North America, Japan, & Europe silicone water repellent for construction market is projected to register a CAGR of 7.19% to reach USD 736.50 million by the end of 2030. The growing construction industry in North America is expected to be a key factor fueling the market growth during the forecast period. Additionally, increasing demand for silane-based repellent agents in the construction industry is expected to create major demand for silicone water repellent in the upcoming period.
Silicone water-repellent products offer technical solutions for masonry protection of different materials like brick, stone, concrete, cement cladding, granite, and marble. Silicone water repellent can provide durability and a deep-seated water-proof barrier while maintaining the breathability and porosity of the surface materials and has a low maintenance cost. The North America, Japan, & Europe silicone water repellent for construction market is expected to register healthy growth during the forecast period, 2021–2030. The prominent factor driving the growth of the North AMERICA, JAPAN, & EUROPE silicone water repellent is the growth of the construction industry, which is resulting in increased demand for silicone water repellent in end-use applications. Furthermore, the growing demand for silane-based repellent agents in the fabrication process of concrete is expected to boost the growth of the North America, Japan, & Europe silicone water repellent for construction market during the forecast period. However, stringent regulatory constraints are likely to hinder the growth of the market during the review period. Nevertheless, increasing mergers and acquisitions are expected to create lucrative growth opportunities for the silicone water-repellent market manufacturers over the study period.
Market Segmentation
According to MRFR analysis, the North America, Japan & Europe silicone water repellent for construction market has been segmented based on type, application, and region. Based on the technology segment, the North America, Japan, & Europe market has been divided into solvent-based, water-based, and others.
By application, North America, Japan & Europe silicone water repellent for the construction market has been classified into brick facades, concrete structures, and others.
Region-wise, North America emerged as the leading market, and Europe is the fastest-growing market, accounting for 40.9% of North America, Japan & Europe markets in 2020. Europe is expected to register the highest CAGR of 7.56% during the review period. The growth is attributed to the fast-paced industrialization in the US, Japan, and Germany. Moreover, North America is witnessing significant growth on account of the availability of raw materials, the presence of a large number of players, and growing awareness regarding the product in the construction industry.
Major Players
Elkem Silicones (Norway), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (US), Evonik Industries AG (Germany), The Dow Chemical Company (US), Rudolf GmbH (Germany), Silitex SRL (Italy), Jiangshan Sunoit Performance Material Science Co., Ltd. (China), Resil Chemicals Pvt Ltd (India), and PCC Group (Germany).
COVID 19 Impacts
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Companies Mentioned
Elkem Silicones (Norway)
Wacker Chemie AG (Germany)
Momentive Performance Materials Inc. (US)
Evonik Industries AG (Germany)
The Dow Chemical Company (US)
Rudolf GmbH (Germany)
Silitex SRL (Italy)
Jiangshan Sunoit Performance Material Science Co.
Ltd. (China)
Resil Chemicals Pvt Ltd (India)
and PCC Group (Germany).
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