Global Wetting Agent- Market Overview:
Wetting agents are surface-active molecules that reduce the surface tension of liquids to increase their capacity to spread. They strengthen the link between the liquid and the solid or gas phase while weakening the intermolecular bond inside the liquid. This enables the liquid to spread properly across the solid phase. An increase in the per capita income of consumers, increasing construction activities in emerging countries, and the rise in demand for new automobiles are driving the market.
|Value (USD Million)
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Rise in Demand for Advanced Automotive Products Such As Bikes and Cars, The Rise in Advancements in Architectural Projects & Facilities, Commercial/Industrial Businesses, & Buildings and An Increase in Renovation Activities Worldwide
Market Growth Drivers:
Increase In Per Capita Income of Consumers, Increasing Construction Activities in Emerging Countries and The Rise in Demand for New Automobiles
Adverse Effects of Agrochemicals on Human Health and Stringent Regulations
Growing Environmental Concerns and Lack of Awareness among Farmers about Soil Wetting Agents
Rapid Growth in Bio-Based Wetting Agents and High Growth Potential in Developing Countries
Global Wetting Agent is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Croda International Plc (United Kingdom), BASF SE (United States), Evonik Industries AG (Germany), BYK Additives & Instruments (Germany), Akzo Nobel N.V (Netherlands), Clariant International AG (India), The DOW Chemical Company (United States), Mani Agro Chemicals (India), Ashland Inc. (United States), Huntsman Corporation (United States) and Harmony Additive Pvt. Ltd (India). Additionally, following companies can also be profiled that are part of our coverage like Arkema SA (France), Hexion Inc. (United States), AL Asia Chemicals (Malaysia), Wilbur-Ellis Company (United States), Seasol International Pty Ltd (Australlia) and Nufarm Limited (Australia). Considering Market by Application, the sub-segment i.e. Architecture will boost the Wetting Agent- market.
Latest Market Insights:
In December 2021, Cargill had reached an agreement with Croda to acquire the majority of its performance technologies and industrial chemicals business for USD 1.03 billion on a cash-free, debt-free basis. The investment would dramatically expand Cargill’s bio industrial footprint to better serve industrial manufacturers searching for greener ingredient solutions.
In August 2022, BASF will produce more N-(2-Hydroxyethyl)-2-Pyrrolidone (HEP) and N-Octyl-2-Pyrrolidone (NOP) at its Geismar, Louisiana, Verbund site and will ensure a global supply of HEP and NOP.
What Can be Explored with the Wetting Agent- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Wetting Agent- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Wetting Agent-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wetting Agent- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wetting Agent- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Wetting Agent Manufacturers, Industry Verticals, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.