Based on Triton’s report, the global defoamers market is evaluated to advance with a CAGR of 4.77% in revenue and 4.44% in volume during the forecast period 2023-2030.
The market’s growth is prompted by factors such as gaining prominence in water treatment, the surge in demand from the F&B industry, and rising demand in the paints and coatings sector. However, stringent regulatory norms and unstable oil prices hamper the overall market’s development.
Nevertheless, the adoption of eco-friendly defoamers opens new avenues for the defoamers market.
REGIONAL OUTLOOK
The global defoamers market covers Latin America, Europe, North America, Asia-Pacific, and the Middle East and Africa regions.
Globally, the Asia-Pacific is expected to witness fast growth in the studied market. The market’s growth in the region is attributed to the rising use in the agrochemical and paper sectors. This is mainly because defoamers tackle issues with entrapped air and surface foam. Moreover, defoamers act as a versatile component that pools stability within these factors. Therefore, the growing role across end-use sectors widens the market’s scope across the APAC region.
Competitive Outlook
The key companies in the defoamers market are BASF SE, Elementis Plc, Dow Chemical Company, Wacker Chemie AG, Henkel AG & Co KgaA, Clariant International Limited, Eastman Chemical Company, Kemira OYJ, Ascent Chemicals, Evonik Industries AG, Momentive Performance Material Inc, Ivanhoe Industries Inc, Applied Material Solutions, Crucible Chemical Company, and Ashland Inc.
Kemira OYJ is engaged in offering chemical products and integrated systems, enabling clients in the water-intensive pulp and paper, water treatment, and industrial sectors. Moreover, its solutions help in effective chemical extraction and process solutions for the oil and mining sectors. Kemira serves clients across multiple regions, with headquarters in Finland.
1. Global Defoamers Market – Summary
2. Industry Outlook
2.1. Impact Of Covid-19 On The Defoamers Market
2.2. Key Insights
2.2.1. Silicone-based Defoamers Dominate The Type Segment
2.2.2. Water-based Defoamers Expected To Witness Robust Growth
2.3. Evolution And Transition Of Defoamers
2.4. Porter’s Five Forces Analysis
2.4.1. Threat Of New Entrants
2.4.2. Threat Of Substitutes
2.4.3. Bargaining Power Of Buyers
2.4.4. Bargaining Power Of Suppliers
2.4.5. Threat Of Competitive Rivalry
2.5. Market Attractiveness Index
2.6. Regulatory Framework
2.7. Market Drivers
2.7.1. Gaining Prominence In Water Treatment
2.7.2. Surge In Demand From The Food & Beverage Industry
2.7.3. Widening Applications In The Pulp And Paper Industry
2.7.4. Rising Demand In Paints And Coatings Applications