Defoamers Market to Cross the $ 4.3 Billion Frontier by 2024
Oct 3, 2019
Environmental advantage of ecofriendly products is fueling the demand for water-based defoamers market
Selbyville, United States - October 3, 2019 /MarketersMedia/ —
Defoamers market is expected to display a remarkable growth over the next few years, driven by its wide applications across pulp & paper, water treatment, food & beverages, and paints & coating sectors. Global pulp & paper sector, whose revenue was estimated at over USD 550 billion in 2015, is projected to observe a high growth over the next few years. As per Global Market Insights, Inc., reports “Defoamers industry size is forecast to reach a revenue margin of USD 4.3 billion by 2024.” In addition to this, wastewater treatment chemicals market size, which is escalating rapidly is also a chief growth factor for the defoamers industry share. Food sector, where application of defoamers is gaining high popularity, owing to its use as an additive to prevent formation of foam in ready-to-eat foods will not only drive the defoamers industry, but will also supplement the food additives market growth significantly.
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Paints & coatings is also set to witness healthy gains at a CAGR of over 4% in the coming years owing to is extensive use in the aerospace, automotive, construction and marine industries. The global automotive industry recorded sales of over 90 million cars and commercial vehicles in 2016, while the aerospace industry revenue growth is estimated at a CAGR of around 3%. Extensive use of defoamers in these industries will propel the defoamers market growth in near future.
The use of defoamers as an additive in processed food & beverages is increasing by the years. Due to changing lifestyles, nuclear families, working women and shifting taste and preferences, the demand for processed and instant food & beverages is rising rapidly. Growing food & beverages demand, owing to rapidly increasing urban population, is likely to augment the global defoamers market and on a large scale in the coming years.
Environmental advantage of ecofriendly products is fueling the demand for water-based defoamers market. Oil based products have a global market share of about 25%. Also, silicon-based products are on huge demand owing to reduction in biological oxygen demand and accounts for a major chunk of share in the global defoamers market.
Based on application, water treatment accounts to over 25% of the global market share and is likely to grow at a significant rate in the forecast period. Environment and health based concerns due to waste and sewage waters are fueling the needs for waste water management.
Asia Pacific defoamers industry, which accounted for 35% of the overall revenue in 2015, is anticipated to witness the fastest growth over coming timeframe. Rapidly expanding agrochemicals and pulp & paper sectors are expected to drive the regional growth. Malaysia, China, Indonesia, and India are expected to be the key regional revenue contributors
Browse key industry insights spread across 127 pages with 149 market data tables & 16 figures & charts from the report, “Defoamers Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/defoamers-market
Key industry participants include Evonik Industries, Bluestar Silicones, Wacker Chemie AG, Dow Corning Corporation, Ashland Incorporation, Air Products & Chemicals Incorporation, Clariant, and BASF SE.
Some Points From Table Of Content: -
Chapter 5. Defoamers Market, By Application
5.1. Defoamers market share by application, 2015 & 2024
5.2. Pulp & paper
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Water treatment
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Paints & coatings
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Food & beverages
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Others
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Defoamers market estimates and forecasts by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/defoamers-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Website: https://www.gminsights.com/pressrelease/defoamers-market
Source URL: https://marketersmedia.com/defoamers-market-to-cross-the-43-billion-frontier-by-2024/88925211
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Release ID: 88925211
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