Defoamers Market By Product Type (Water-based, Oil based defoamers, silicone based defoamers and Others); By Application (Pulp & Paper, Water & Wastewater Treatment, Food & Beverage, Paints & Coatings, Agricultural Chemicals and Others) - Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation
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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
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.
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