Press release
Global Defoamers Market to Expand at 20% CAGR as Paper and Pulp Industry Increases Requirement to Reduce Cost
According to expert analysts, the global defoamers market is expected to surge ahead at a healthy CAGR of 4.50% during the forecast period from 2017 and 2025. With this growth, the market is projected to gain revenue worth US$7.35 bn by 2025, which is a decent increase from a previous valuation of US$2.73 bn achieved in 2016.
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Water-based Defoamers Anticipated to Trump over Silicone-based Products
The global defoamers market is mainly segregated into various segments based on product type and end users. Under product type, oil-based, water-based, silicone-based, and others, are key segments. From the perspective of end users, the market comprises an assortment of segments such as paper & pulp, water treatment, paints & coatings, food & beverage, oil & gas, agrochemicals, pharmaceuticals, chemical, metal working, and others.
Of all the varieties present under product type, silicone-based defoamers are utilized the most in myriad applications. Pharmaceutical, petroleum processing, construction, and manufacturing of paints and coatings, are some of the key sectors where silicone-based defomers are extensively used. Thus, this segment fetches topmost revenue in the global defoamers market, thereby holding a leading position.
However, there are several environmental concerns regarding use of silicone-based defoamers, thus putting the onus on water-based and oil-based materials. Owing to strict norms imposed by many governments against silicone-based defoamers, water-based and oil-based defoamer varieties are expected to fetch splendid revenue in future.
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DyStar Group, Wacker Chemie AG, DuPont, Kemira Oyj, BASF S.E., PMC Group, and Solvay S.A., and Clariant AG, are key players operating in the global defoamers market.
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