On the geographical front, Asia-Pacific is one of the most rapidly growing regional avenues and will witness a CAGR of around 5%. The region accounted for nearly 30% of the overall market share. Meanwhile, defoamers market in North America is expected to exceed a valuation of around $1 billion by the end of the analysis time period. Europe defoamers market on the other hand is forecast to witness a respectable CAGR of around 4.5% over the forthcoming time period.
Clariant, Bluestar Silicones, Evonik Industries AG, Wacker Chemie AG, BASF SE, Dow Corning Corp, Kemira Oyj, Air Products and Chemicals Inc, and Ashland Inc. among many others are some of the key players operating in the defoamers market.
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As per a Global Market Insights, Inc., report, defoamers market is slated to surpass a $4.3 billion valuation by 2024.
The defoamers market is likely to register substantial gains in coming years owing to increasing use of surface-active agents mainly in production of pulp & paper. In terms of production quantity, China dominates the pulp & paper industry with nearly 25% of overall market share. Since paper is a key substitute of plastic in the packaging & labeling sector, the demand from paper industry is thus likely to increase over the coming years.
Numerous industry players are focusing on developing new products to meet varying customer needs as well as to strengthen their market positions. Citing an instance, in July 2020, to lend support to paint formulators, Evonik’s Coating Additives business line reportedly rolled out a complete portfolio of additives that makes formulation work much easier.
One key highlight is the recently developed mineral-oil-based defoamer namely TEGO Foamex 9, having good compatibility and long-term effectiveness with the coating. This defoamer can be absorbed during the let-down or grind stage. The novel defoamer rounds off the portfolio of siloxane defoamers of Evonik, letting users to choose the technology which fits their formulations the best.
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In terms of defoamers market application, food & beverages segment is likely to witness substantial growth owing to the increasing use of defoamers as an additive in processed food & beverage products. Furthermore, because of changing lifestyles, shifting preferences and taste of consumers, increasing working women population, and nuclear families, the demand for instant and processed F&B is rapidly increasing. Increasing demand for F&B due to surging urban population is likely to create new opportunities in the market.
Based on product, the water-based defoamers segment is expected to witness substantial growth owing to increasing awareness about the environmental benefits of having ecofriendly products. Oil-based defoamers segment presently holds a 25% global market share and is slated to follow similar growth trend over the coming years. Meanwhile, silicon-based defoamers segment are witnessing higher demand due to reduction in demand for biological oxygen and accounts for a major share in the overall market.
Water treatment application segment currently accounts for around 25% of the overall industry share and is expected to grow at a rapid pace over the coming time period. Health and environment related concerns owing to high amount of waste and sewage waters are increasing the needs for management of wastewater.
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