Defoamers Market to grow at 4.5% CAGR till 2024 | Key Players BASF, The Dow Chemical Company, Ashland, Air Products, Evonik, Kemira, Wacker Chemie, Elementis Global, Clariant

Defoamers market is expected to display a remarkable growth over the next few years, driven by its wide applications across pulp & paper, water treatment, food & beverages, and paints & coating sectors. Global pulp & paper sector, whose revenue was estimated at over USD 550 billion in 2015, is projected to observe a high growth over the next few years. As per Global Market Insights, Inc., reports “Defoamers industry size is forecast to reach a revenue margin of USD 4.3 billion by 2024.”

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The requirement for water treatment chemicals has been increasing by the day, owing to the surging awareness among people regarding the hazardous impact of waste water on human health as well as the environment. Wastewater treatment chemicals market, which will generate a revenue of USD 40 billion by 2024, will influence the demand for water based defoamers positively. Water based product segment of defoamers industry having had a revenue of USD 550 million in 2015, will collect significant revenue over the coming timeframe. Water treatment application segment will exhibit an annual growth rate of more than 4.5% over the period of 2016 to 2024. The escalating need for waste water treatment owing to its adverse effects on the environment will impel the segment growth.

Pulp & Paper is a major application area, predicted to create lucrative growth opportunities for defoamers market over the next few years. As per the research study, pulp & paper application is likely to witness a significant surge over the period of 2016-2024, driven by the rising demand across end-user sectors such as stationery and packaging. Water treatment sector, which is estimated to grow at a rate of 4.5% over the period of 2016-2024, will drive defoamers industry growth in the near future. Rising concerns over the pollution of environment and water bodies are expected to encourage the growth.

Rising paints & coatings demand in automobiles, buildings, and several other sectors will also influence the global defoamers industry demand. The rising lustrous finishing demand on automobiles to give them superior aesthetic features, driven by the enhancing social stature of the world population, will catalyze the defoamers market products’ demand in paint and coating industries. Global paint & pigment industry is projected to surpass USD 350 billion by the end of 2024.

Demand in food & beverages applications will also witness noteworthy growth, with f&b additives market recording revenue over USD 40 billion and with reducing spare time among dual income nuclear families, this market will likely have a healthy growth till 2024. Increasing use as additive to prevent froth formation in packaged ready-to-eat foods as well as in aerated drinks will drive the global defoamers market growth. Regulatory bodies such as the EPA and FDA have fixed the concentration of the product used in all industries. These regulations may restrain the global defoamers market in the upcoming years.

Asia Pacific defoamers industry, which accounted for 35% of the overall revenue in 2015, is anticipated to witness the fastest growth over coming timeframe. Rapidly expanding agrochemicals and pulp & paper sectors are expected to drive the regional growth. Malaysia, China, Indonesia, and India are expected to be the key regional revenue contributors

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Europe defoamers market collected a revenue of USD 650 million in 2015 and will grow considerably over the years ahead. Rising demand for paper & pulp packaging will propel the industry growth. Paper & pulp covered over 30% share of the application segment in defoamers market. Increasing requirement of the product across the various end use sectors and the shifting trends toward the consumption of packaged food will also stimulate the market share noticeably. The food & beverage sector, which generated a revenue of USD 40 billion in 2015, will also help augment the product demand, thereby generating significant revenue for defoamers market.

Key industry participants include Evonik Industries, Bluestar Silicones, Wacker Chemie AG, Dow Corning Corporation, Ashland Incorporation, Air Products & Chemicals Incorporation, Clariant, and BASF SE.

Defoamers Market by application
• Pulp & paper
• Water treatment
• Paints & coatings
• Food & beverages
• Others

Browse key industry insights spread across 127 pages with 149 market data tables & 16 figures & charts from the report, “Defoamers Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/defoamers-market

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