The Japan defoamers market is predicted to progress with a CAGR of 4.91% in terms of revenue as well as xx% in terms of volume during the forecasted period of 2024-2032. The country’s market growth is attributed to the significant importance of defoamers in water treatment applications.
MARKET INSIGHTS
The Japan defoamers market is experiencing growth due to a rising demand within the food and beverage industry. Silicone-based defoamers are directly applied in food contact applications to prevent foam formation. Moreover, a range of water-based silicone antifoaming emulsions are extensively utilized in the food and beverages sector as safe food additives for various aqueous food systems. This trend is expected to drive increased demand for these defoamer products.
Although Japan’s population is declining, the retail sales of functional foods have been on the rise over the past decade. This trend can be attributed to the growing middle class, the aging population, and increased per capita spending power. These factors are likely to lead to higher demand for food and beverages. Consequently, any increase in the sales of food and beverages translates into a heightened consumption of defoamers. Therefore, these factors are expected to contribute to the growth of the defoamers market in Japan during the forecast period.
COMPETITIVE INSIGHTS
Some of the key companies operating in the market include Dow Corning Corporation, Evonik Industries AG, BASF SE, etc.
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