Defoamers Market Size, Share & Trends Analysis Report By Product, By Application And Segment Forecasts, 2016 – 2024

Defoamers Market Size, Share & Trends Analysis Report By Product, By Application And Segment Forecasts, 2016 – 2024

As per a Global Market Insights, Inc., report, defoamers market is slated to surpass a $4.3 billion valuation by 2024.   

Numerous industry players are focusing on developing new products to meet varying customer needs as well as to strengthen their market positions. Citing an instance, in July 2020, to lend support to paint formulators, Evonik’s Coating Additives business line reportedly rolled out a complete portfolio of additives that makes formulation work much easier.

One key highlight is the recently developed mineral-oil-based defoamer namely TEGO Foamex 9, having good compatibility and long-term effectiveness with the coating. This defoamer can be absorbed during the let-down or grind stage. The novel defoamer rounds off the portfolio of siloxane defoamers of Evonik, letting users to choose the technology which fits their formulations the best.

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In terms of application, food & beverages segment is likely to witness substantial growth owing to the increasing use of defoamers as an additive in processed food & beverage products. Furthermore, because of changing lifestyles, shifting preferences and taste of consumers, increasing working women population, and nuclear families, the demand for instant and processed F&B is rapidly increasing. Increasing demand for F&B due to surging urban population is likely to create new opportunities in the market.

Based on product, the water-based defoamers segment is expected to witness substantial growth owing to increasing awareness about the environmental benefits of having ecofriendly products. Oil-based defoamers segment presently holds a 25% global market share and is slated to follow similar growth trend over the coming years. Meanwhile, silicon-based defoamers segment are witnessing higher demand due to reduction in demand for biological oxygen and accounts for a major share in the overall market.

Water treatment application segment currently accounts for around 25% of the overall industry share and is expected to grow at a rapid pace over the coming time period. Health and environment related concerns owing to high amount of waste and sewage waters are increasing the needs for management of wastewater.

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Several industry players are engaged in a diverse array of inorganic growth strategies such as mergers and acquisitions, new product launches, collaborations and partnerships to improve their business and enhance their client reach. Citing an instance, Ashland, a leading chemicals company, reportedly introduced two novel defoamers for water-based industrial coatings industry. The new defoamers namely Drewplus L-3510 and L-3500 are the novel standard for controlling micro and macrofoam in shear spray applied coatings, offering excellent balance between compatibility and activity.

Clariant, Bluestar Silicones, Evonik Industries AG, Wacker Chemie AG, BASF SE, Dow Corning Corp, Kemira Oyj, Air Products and Chemicals Inc, and Ashland Inc. among many others are some of the key players operating in the defoamers market.

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