DUBAI, UAE /PRNewswire/ -- Increasing demand for resources for clean water in various end-use industries such as textile, construction, pulp and paper, and others is bolstering defoamers market growth. As per a recent market analysis by ESOMAR-certified consulting firm Future Market Insights (FMI), the defoamers market is expected to reach US$ 2.1 Bn in 2021.
Cost-effectiveness and reusability of defoamers are chief factors driving applications across diverse industries. Driven by these trends, the market valuation is anticipated to reach US$ 1.9 Bn by 2031, expanding at a steady 4% CAGR.
Sales prospects were however dampened by the onset of the coronavirus outbreak. However, with resumptions in operations of various end-use industries, recovery of the defoamers sales is on cards, with the market expanding at 3.4% CAGR in terms of volume.
Besides this, application in paints and coatings, water and wastewater treatment, and the cosmetics industries is anticipated to propel sales in the coming years. Research and development activities aimed at product advancements will further encourage applications of defoamers.
As environmental concerns are on a rise, several government bodies have issues stringent rules to prevent water contamination in natural resources. To adhere to such stringent regulations, manufactures are focusing on product development to improve sales.
FMI's regional analysis projects high growth trends in the defoamers market in the U.S. Growth can be attributed to the increasing consumption of defoamers in the pulp and paper industries, which will account for maximum sales in the country.
"Increasing applications of defoamers in various end-use industries such as chemical, cosmetic, paper, and pulp will continue augmenting the market growth. Keeping stringent environment conservations in mind, product innovations will gain high significance among key players in the market," says the FMI analyst.
Key Takeaways:
- Based on product, polymer type defoamers will dominate the market due to cost-effectiveness and labor benefits.
- Paints and coatings segment is anticipated to record a significant uptick in applications of defoamers.
- Increasing stringency of emission control restrictions will boost demand for aqueous defoamers in the upcoming years.
- The U.S. is anticipated to dominate the market, accounting for 81.4% of the North America market share.
- China will exhibit high growth in the defoamers market driven by increasing demand from end-use industries such as paints and coating and paper industry. Consistent expansion of these industries also will place China as a dominant market, accounting for half of sales in East Asia.
- Germany will emerge as a highly lucrative market within Europe, surpassing a valuation of US$ 109 Mn by 2031.
Prominent Drivers:
- High demand from end-use industries including cosmetic, haircare, paper, and paint & coatings will boost sales in the market.
- Strict government regulations regarding water contamination will propel sales of defoamers in the market.
- Research and development associated with product innovations supporting end-user requirements will augment market growth.
Competitive Landscape
Key players operating in the defoamers market are focusing on new product launches that are aligned with industry-specific needs. Inorganic strategies including mergers, acquisitions, and collaborations are further improving expansion prospects for players in the market. For instance:
- In January 2021, Evonik launched TEGO Foamex 812, a new type of defoamers particularly developed for wood coating formulations, adding to its vast product portfolio.
- In February 2021, BYK launched two defoamer additives called BYK-329 and BYK-092, aimed to promote solvent-borne and solvent-free systems.
Leading players operating in Defoamers Market profiled by FMI include:
- BASF SE
- Dow Chemical Company
- Evonik Industries
- 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
More Insights on FMI's Defoamers Market
The latest market study on the defoamers market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global defoamer market potential, its growth, trends, and opportunities, the market is segmented on the basis of:
Product:
- Powder
- Silicone Defoamers
- Oil Defoamers
- Emulsion Defoamers
- Polymer Defoamers
Medium of Dispersion:
- Aqueous Systems
- Non-Aqueous/ Solvent
Application:
- Chemical Formulation
- Textiles
- Construction Materials (cement, mortar, grouts, etc.)
- Paints & Coatings
- Pulp & Paper
- Food Processing
- Pharmaceuticals
- Household & Personal Care
- Water and Wastewater treatment
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
Key Questions Covered in Defoamers Market Report
- The report offers detailed insights into defoamers market demand outlook for 2021-2031
- The market study also highlights projected sales growth for defoamers market between 2021 and 2031
- Defoamers market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Defoamers market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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Report: https://www.futuremarketinsights.com/reports/defoamers-market
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SOURCE Future Market Insights
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