Defoamers market forecast at $1.9 billion by 2031
Pune, India – According to the report from Future Market Insights, the defoamers market is estimated to reach a value of US$ 1,920.0 Mn by the end of 2031, exhibiting a CAGR of 4.0% during the forecast period.
As per FMI, silicone defoamers will account for more than one third of market value share in 2021 and is expected to continue its dominance through the assessment period. However, the market experienced a considerable decline in 2020 owing to the weak economic situation created in the wake of the covid-19 pandemic.
A defoamer is a chemical additive, also known as anti-foaming agent that helps reduce foam formation and also prevents the formation of excess foam in industrial process liquids. Defoamers are widely used in diverse industry verticals for various applications including pulp & paper, paints & coatings, water & wastewater treatment industry, food processing, chemical formulation, textiles and among others.
Key Takeaways of Defoamers Market Study
Aqueous defoamers will account for more than 80% of the market by 2031 owing to ease of use in water treatment, paints and coatings, and pulp and paper applications.
Silicone based defoamers will reflect the fastest growth with a 4.7% CAGR, supported by consistent process outcomes.
China will dominate East Asia through 2031 with value share over 63% owing to the presence of major production facilities.
Germany holds the lead in the Europe market with a US$ 77.2 Bn valuation in 2021, driven by matured chemical and manufacturing sectors.
The U.S. will account for nearly 90% of the North America market by 2031, supported by the presence of varied end-user industries in the country.
“Key players globally are assessing various solutions in the supply chain, which will help them maintain business continuity with minimum disruption due to unforeseen events, since the onset of the COVID-19 crisis. Moreover, key players are planning to diversify their supply chains to reduce dependence on singular sources and continue production without interruptions in the coming decade,” says an FMI analyst
The global defoamers market is moderately consolidated, with some of the leading players accounting for a prominent share of the market. Manufacturers are focusing on strengthening their market presence globally by the acquisition of regional players and investing in research and development to stay up to date with the new trends in the market. Players are also adopting other distribution channels such as e-commerce and online platforms to help cater to demand.
Key market participants include BASF SE, Dow Chemical Company, Kemira Oyj, Buckman, Air Products & Chemicals Inc, Accepta, Ecolab Inc. (Nalco), Ashland Inc, Synalloy Chemicals, Blackburn Chemicals Limited, Elementis PLC, Bluestar Silicones France SA, Clariant Chemicals Company, KCC Basildon, Royal DSM N.V, Shin-Etsu, ADEKA Corporation, Wacker Chemie AG, Tiny ChemPro, Elkem Silicones ASA, Teijin Ltd, among others.