Defoamers Market size to rise at 4.5% CAGR to 2024

Global defoamers market size is projected to cross USD 4.3 billion by the end of 2024, with an estimated CAGR of around 4.5%. Silicone-based products accounted for a majority of the share with over USD 1 billion in 2015.

Selbyville, United States – June 28, 2019 /MarketersMedia/ —

The Defoamers Market is set to grow from its current market value of more than $2.9 billion to over $4.3 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

Rising use of surface active agents in pulp & paper production will likely showcase positive impressions on the defoamers market globally. The pulp & paper industry will grow at a substantial rate in the forecast period with a CAGR of nearly 4.5%. China leads the pulp & paper market in terms of production quantity and has a market share of close to 25%. Following China are the United States, Japan and Germany respectively. As paper is a primary substitute of plastic in the packaging & labeling industry, the demand for paper industry is fueled on a large scale. Busy work schedules and rising home delivery systems are boosting the demand for the packaging industry. The global packaging & labelling industry was valued at over USD 850 billion in 2016.

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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.

Stringent regulatory concerns regarding the product usage is likely to hinder the industry growth in the coming years. The quantity of product to be used, percentage of dosage and concentration levels in food & beverages can adversely affect the defoamers market in near future.

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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.

Considering geography, Asia Pacific is the fastest growing region registering a CAGR close to 5%. The region holds more than 30% of the market share globally. North America defoamers market is likely to surpass USD 1 billion by the end of the forecast period. Europe defoamers market will grow at a CAGR over4.5% from 2016 to 2024.

Some of the major players operating in the defoamers market include BASF SE, Air Products and Chemicals Inc, Bluestar Silicones, Ashland Inc., Kemira Oyj, Evonik Industries AG, Dow Corning Corp, Clariant, and Wacker Chemie AG.

Browse key industry insights spread across 127 pages with 149 market data tables & 16 figures & charts from the report, “Defoamers Market Size By Product (Water-Based, Oil-Based, Silicone-Based), By Application (Pulp & Paper, Food & Beverages, Paints & Coatings, Water Treatment), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/defoamers-market

Glimpse of Table of Content (ToC)

Chapter 4 Defoamers Product Insights
4.1 Defoamers market share by product, 2015 & 2024
4.2 Water-based defoamers
4.2.1 Global market estimates and forecast, 2013 – 2024
4.2.2 Global market estimates and forecast, by region, 2013 – 2024
4.3 Oil-based defoamers
4.3.1 Global market estimates and forecast, 2013 – 2024
4.3.2 Global market estimates and forecast, by region, 2013 – 2024
4.4 Silicone-based defoamers
4.4.1 Global market estimates and forecast, 2013 – 2024
4.4.2 Global market estimates and forecast, by region, 2013 – 2024
4.5 Others
4.5.1 Global market estimates and forecast, 2013 – 2024
4.5.2 Global market estimates and forecast, by region, 2013 – 2024

Browse Full TOC @ 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

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Release ID: 88890993