Defoamers Market
The research study on ‘Modest recovery in Global Defoamers Market’ is inclusive of a detailed summary of this industry. A highly focused approach on the subjective research has been undertaken, with the description of product scope and elaborate industry insights and outlook until 2024. Introduced by Global Market Insights, this report delivers information about the product pertaining to the parameters of cost, demand and supply graph, market trends, and the nature of transaction.
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Driven by the massive demand generated from the pulp & paper sector, global defoamers market size is touted to exceed USD 4 Bn by 2024. Significant expansion of the water treatment sector, especially in the developing countries, on account of elevating levels of concerns regarding water contamination and impurities in industrial water discharge is further intensifying market trends.
Rising use of surface active agents in pulp & paper production will likely showcase positive impressions on the defoamers market globally. The pulp & paper industry will grow at a substantial rate in the forecast period with a CAGR of nearly 4.5%. China leads the pulp & paper market in terms of production quantity and has a market share of close to 25%. Following China are the United States, Japan and Germany respectively. As paper is a primary substitute of plastic in the packaging & labeling industry, the demand for paper industry is fueled on a large scale. Busy work schedules and rising home delivery systems are boosting the demand for the packaging industry.
Company profiled in the defoamers industry report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF SE
2. Dow Corning Corporation
3. Ashland Inc.
4. Air Products and Chemicals, Inc.
5. Evonik Industries AG
6. Kemira Oyj
7. Wacker Chemie AG
8. Bluestar Silicones
9. Elementis plc
10. Clariant
11. KCC Basildon
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Based on application, water treatment accounts to over 25% of the global defoamers market share and is likely to grow at a significant rate in the forecast period. Environment and health based concerns due to waste and sewage waters are fueling the needs for waste water management.
The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
North America defoamers market size is expected to surge in the coming years on account of inflating demand from the pulp & paper industry. Moreover, the purchasing power of consumers in the region is considerably high, which coupled with the progression of hectic lifestyles is leading to greater consumption of packaged food and beverages. As per estimates, US defoamers market is likely to accrue USD 1 bn by 2024.
Growth Drivers:
o Rising demand in pulp & paper applications
o Growth in water treatment application
o Increasing demand in paints and coatings application
o Growing demand in food and beverages application
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Concurrently, Asia Pacific defoamers market is anticipated to demonstrate noteworthy expansion in the foreseeable timespan. Over the past decade, led by South East Asian countries such as Malaysia and Indonesia, the regional market commanded over one-third of global defoamers market and is expected to be the fastest-growing market through 2024. The regional market penetration will be majorly facilitated by the expanding pulp & paper industry. Indonesia is estimated to contribute significantly to the APAC market with an anticipated CAGR of 5% over 2016-2024.
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