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At 4.5% CAGR, Defoamers Market to hit $9 Bn by 2024 | Key Players are BASF, The Dow Chemical Company, Ashland, Air Products, Evonik, Kemira, Wacker Chemie, Elementis Global, Clariant
Defoamers Market
The thriving construction and automotive sectors across the globe will fuel the requirement for paints & coatings on large scale, which will contribute favorably to defoamers market growth. As per estimates, paints & coatings industry will surpass a revenue collection of USD 350 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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. The Dow Chemical Company
3. Ashland
4. Air Products
5. Evonik
6. Kemira
7. Wacker Chemie
8. BLUESTAR SILICONES (UK) LIMITED
9. Elementis Global
10. Clariant
11. Basildon Chemical Co Ltd - A Subsidiary of the KCC Corporatio…
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Asia Pacific defoamers market covered more than 35% share of regional revenue collection in 2015 and will record an annual growth rate of more than 4.5% over the coming seven years. Increasing demand for paper along with emerging agrochemical sector will stimulate the product demand considerably across this region. India and China will be the prominent revenue contributors of APAC defoamers industry size.
Silicone covered over 40% share in product segment of defoamers market in 2015 and will record a CAGR of more than 4% over the years ahead. The growth can be attributed to the rising product demand across the paper & pulp end use sector pertaining to the properties such as low depositions, reduction in the requirement of oxygen, and superior washing performance. U.S. defoamers market will collect a revenue of USD 1 billion by 2024, subject to the implementation of strict rules and regulations by FDA.
Defoamers market is highly fragmented with the top six market players covering just 25% of the overall landscape. Noteworthy participants in defoamers market includes Evonik Industries AG, Ashland, Inc., Dow Corning Corp., Air Products and Chemicals, Inc., Bluestar Silicones, Kemira Oyj, Clariant, Wacker Chemie AG, and BASF SE.
Defoamers Market by product
• Water-based defoamers
• Oil-based defoamers
• Silicone-based defoamers
• Others
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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