Defoamers Market to witness considerable growth from paper & pulp applications, water based defoamer products to generate significant revenue over 2016-2024
Publisher : Fractovia | Published Date : 2017-06-01Request Sample
The increasing need for antifoaming agents across various application sectors will drive Defoamers Market. The product finds wide usage across the food, detergents, pharmaceutical, and paper & pulp industries. With the rising population levels across the globe, the demand for food has undergone a rapid increase. In addition, environmental concerns have demanded the processing of waste water, which will boost defoamers industry share over the years ahead. According to Global Market Insights, Inc., “Worldwide defoamers market was valued at USD 2.9 billion in 2015 and will collect considerable revenue of more than USD 4.3 billion by 2024 with an annual growth rate of 4.5% over the period of 2016 to 2024.”
U.S. Defoamers Market size, by application, 2015 & 2024 (USD Million)
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.
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.
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.
