Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Defoamers refer to the anti-foaming chemical additive which is used to limit the foam formation in liquids. Defoamers are used in many industries such as pulp & paper, water and wastewater treatment, paints & coatings, food & beverage, agricultural chemicals and other industries.
Global defoamers market is anticipated to grow at a compound annual growth rate (CAGR) of 4.6% over the forecast period 2017-2024. Further, global defoamers market stood at valuation of USD 2.9 Billion in 2016 and is expected to reach at a valuation of around USD 4.5 Billion by the end of year 2024. Wide scale usage of defoamers in several end use industries is driving the growth of the market. Apart from this, increasing spending on water and wastewater treatment by government of various nations is anticipated to benefit the growth of the nation.
With a market share of 40%, Asia Pacific dominated the overall defoamers in 2016. Furthermore, Asia Pacific region is projected to grow at significant compound annual growth rate (CAGR) over the forecast period. Growing production of paper and growth of agricultural chemical industry is some major of the factors which have propelled the growth of defoamers in this region. Furthermore, growth of paints & coatings indsutry in China, India and other developing nations bodes well for the growth of the Asia Pacific defoamers market.
North America accounted for a market share of 23% in global defoamers market in 2016. This can be attributed to the growing adoption of defoamers by municipalities in the region. In addition, favorable government policies pertaining water and wastewater treatment is expected to be the dynamic factor behind the growth of the North America defoamers market. Europe defoamers market was held at USD 567.0 Million in 2016 and is projected to garner USD 774 Million by the end of 2024. CLICK TO DOWNLOAD SAMPLE REPORT
Based on application, defoamers market is segmented into pulp & paper, water & wastewater treatment, food & beverage, paints & coatings, agricultural chemicals and others, out of which, pulp & paper segment dominated the global defoamers market.
Our-in depth analysis of the global defoamers market includes the following segments:
Global defoamers market is further classified on the basis of region as follows:
Growing water treatment activities is a key reason which is driving the growth of global defoamers market. Additionally, many developed nations such as U.S. are increasing their spending on water and wastewater treatment which is likely to aid the growth of the defoamers market. According to U.S. Environmental Protection Agency, U.S. government waster & wastewater treatment spending was USD 36.4 Billion. In addition, EPA estimates that U.S. government is likely to spend 41.5 Billion in 2020. This increased spending on the treatment of water and wastewater is opening a gateway of opportunities for the growth of the defoamers market.
Moreover, rising utilization of advance defoamers in waterborne paints & coatings is intensifying the growth of the defoamers market. Moreover, growth of construction and automotive has surged the demand for paints & coatings which in turn is anticipated to aid the growth of the defoamers market. Similarly, rising demand in food & beverage industry signals promising growth of defoamers market. Furthermore, food & beverage industry is believed to grow at a significant rate in the upcoming years. This factor is likely to fuel the growth of the defoamers market.
However, stringent regulations regarding the utilization of defoamers are expected to hamper the growth of global defoamers market in near future.
Overview of the Parent Market
Analyst View
The global defoamers market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
Related Reports
Disclaimer | Privacy Policy | Terms & Conditions
Copyright © 2020 Research Nester. All Rights Reserved
