Defoamers market size is projected to witness a lucrative expansion over the coming years, driven by the wide spectrum of product applications across the pulp & paper, detergents, water treatment, food & beverages, pharmaceuticals, and paints & coatings sectors. Global pulp & paper sector, which accrued a revenue of more than USD 550 billion in 2015, is projected to maximize the business scope of defoamers industry over the coming years. According to Global Market Insights, Inc., “Defoamers market size, which was estimated at USD 2.9 billion in 2015, is forecast to reach USD 4.3 billion by 2024.”
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Water treatment sector, which contributed to more than 25% of global defoamers market revenue in 2015, is predicted to record a CAGR of 4.5% over the coming timeframe. The growth can be credited to the rising ecological concerns pertaining to sludge disposal and waste water treatment. High product demand across the food & beverages sector is also projected to boost defoamers industry growth in the near future, with food & beverages additives contributing considerably towards the revenue.
Global paints & coatings sector, which is forecast to surpass a revenue of USD 350 billion by 2024, will boost defoamers market share. The growth is expected to be driven by the rising popularity of paints & coatings in buildings and automobiles owing to its ability to provide a lustrous finish & impart an aesthetic appearance. Pulp & paper sector, which accounted for over 30% of the overall market share in 2015, is projected to drive the industry trends over the next few years. High demand for stationary and packaging by various end-user industries is anticipated to contribute substantially towards the revenue.
Based on the product trends, this industry is classified into various products such as silicone-based, water-based, and oil-based products. Water-based defoamers market, worth USD 550 million in 2015, is predicted to grow at a rate of 4% over the coming timeframe. Silicone based defoamers industry, which contributed more than 40% towards the overall revenue in 2015, is also forecast to record a CAGR of 4% over the coming timeframe. The growth can be credited to the escalated product demand across the pulp & paper sector.
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Taking into consideration the regional trends, Asia Pacific defoamers industry is expected to record a CAGR of 4.5% over 2016-2024. The thriving pulp & paper and agrochemicals sectors across the region is estimated to boost the revenue. India, Malaysia, China, and Indonesia are expected to be the key revenue drivers.
Europe defoamers market, worth USD 650 million in 2015, is projected to witness a rapid growth over the span of few years, with the emerging packaging sector. U.S. defoamers industry is projected to hit the revenue of USD 1 billion by 2024 and will drive North America market.
Major participants of this industry include KCC Basildon Chemicals, Dow Corning Corporation, BASF SE, Bluestar Silicones, Evonik Industries AG, Clariant, Ashland Incorporation, Elementis plc, Kemira Oyj, Wacker Chemie AG, and Air Products and Chemicals Incorporation.
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