Defoamers market forecast with a CAGR of 4.5 percent through 2031
Albany NY – The defoamers market is estimated to clip a CAGR of 4.5% for the forecast period from 2022 to 2031. Rapid urbanization in developing countries, increasing number of smart city projects, and building & construction are some key factors fueling the growth of defoamers market. Defoamers’ market manufacturers are targeting high-growth end-use industries such as paints & coatings and paper &pulp for handsome ROI according to Transparency Market Research.
Paper and pulp industry is the leading consumer of defoamers with the sector holding more than 28% share of the defoamers market in 2021. Demand for defoamers from the paper & pulp sector includes subsectors such as packaging paper, specialty paper, and industrial paper that cumulatively spells growth in defoamers market.
North America and Europe hold substantial share in the defoamers market due to established paints & coatings and paper & pulp industries in these regions.
Growing fascination for metal art works and decorative paints is creating demand for defoamers for smooth finish and shine. Silicone-based, oil-based, silicon-free, or wax-based defoamers are key types of defoamers used depending on the formulation of paints and coatings. Silicone-based defoamers find wide applications in metalworking fluids to reduce the surface tension of water and help metalworking fluids to enter cavities. This helps to separate metal surfaces by lowering attraction between them, and thus reduce the risk of rust or corrosion.
Silicone-based product type held an outstanding 44.7% share of the defoamers market in 2021 and is anticipated to maintain its dominant position during the forecast period. Low surface tension, thermal stability, chemical inertness, and total insolubility are promising attributes that make silicone-based defoamers suitable for several industries including pharmaceutical, oil & gas, and food & beverages.
Asia pacific held a key 34.4% share of the defoamers market in 2021 vis-à-vis volume. Rapid growth of several end-use industries including pharmaceuticals, paper & pulp, food & beverages, and textiles is creating ample opportunities in defoamers market of the region.
Ongoing standardization of Code of Federal Regulations (CFR) and USFDA laid down for the food industry allows defoamers manufacturers to remain compliant with industry regulations to translate into growth opportunities for defoamers market.
Some of the key players operating in the defoamers market are; Wacker Chemie AG; DyStar Group; Clariant International AG; Evonik Industries AG