Triton Market Research’s report examines that the defoamers market in Latin America is expected to rise with a CAGR of 3.67% in revenue and 3.86% in volume during the forecast period 2023-2030. Mexico, Brazil, and Rest of Latin America are the studied countries in the region’s market.
Brazil ranks fifth in the world for the production of fortified or functional foods, which generated sales of around $16 billion in a year. The rising consumption pattern indicates a significant increase in food and beverage production. As silicone-based defoamers are used extensively in the manufacturing of soft drinks, fried foods, packaged foods and beverages, the defoamers market will witness massive growth in the coming years. Therefore, a rise in sales of these products enhances the consumption of defoamers among the companies.
Similarly, the growth of the defoamers market in Argentina is attributed to the awareness regarding the treatment of wastewater. Chemical defoamers help break the chain of foam formation and maintain water quality while treating wastewater. The government and respective authorities take initiatives like sanitation programs and create incentives for clean access to water and sanitation. These steps help in improving the quality and efficiency of water plants sustainably. Thus, the defoamer market in Argentina will witness positive growth.
Competitive Outlook
The renowned companies in the defoamers market comprise Elementis Plc, Evonik Industries AG, Henkel AG & Co KgAa, Kemira OYJ, Wacker Chemie AG, Ivanhoe Industries Inc, Ascent Chemicals, and Applied Material Solutions.
1. Latin America 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 & 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