Albany, NY, Sept. 01, 2016 (GLOBE NEWSWIRE) -- The report states that the opportunity in the global defoamers market will be worth US$4.10 bn by 2023 rising from US$2.76 bn in 2014. During the forecast years of 2015 and 2023, the global market will expand at a CAGR of 4.5%. Asia Pacific is expected to account for a sizeable share of 37.9% in the global defoamers market in terms of volume. The unprecedented economic development in Asia Pacific is expected to drive the growth of defoamers market in the region over the forecast years. Meanwhile, the silicone-based defoamers segment is projected to assume the lead in the global market, as the segment is estimated to rise at a CAGR of 4.6% between 2015 and 2023.
The leading players operating in the global defoamers market are Dow Corning Corporation, Air Products and Chemicals Inc., Bluestar Silicones, Ashland, Inc. Kemira Oyj, and Evonik Industries AG. The cumulative share of these players in the global market stood at 20.7% in 2014. These players boast of a suite of dedicated manufacturing technologies owing to their vast experience and expertise, which has turned into a winning strategy for them. Mergers and acquisitions will come to define the competitive landscape as well-established players are expected to focus on improving their geographical reach, making a major change to the overall market.
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The growing demand for various types of paper is expected to benefit the global defoamers market in the coming years. The crucial role of defoamers in the production of pulp and paper to reduce the amount of foam with increase their uptake in the near future. The usage of defoamers also ensures smooth functioning of pulp mill for a longer time as it improves the drainage in sulfite stock and kraft pulp stock. Therefore, defoamers have also played a vital role in maintaining machinery and saving operational costs for pulp and paper mills.
The demand for potable water and water for commercial purposes has also boosted the usage of defoamers over the recent years. Thus, the increasing efforts to treat wastewater and raw water in order to comply with the regulatory norms have led to a significant demand for defoamers. Furthermore, the considerable rise in the consumption of paints and coatings is also anticipated to result in the high sales of mechanical and chemical defoamers. Efficient defoamers such as silicone-free, silicone-based, or wax-based defoamers will also be in demand in the paints and coatings industry in the forecast period.
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Antifoaming substances are extensively used in the food and beverages industry as well to reduce the effect of foaming, improve the quality of products, and to accelerate the production levels. Defoamers are popularly used in manufacturing potato chips and fried foods. Furthermore, the soft drinks industry uses silicone-based defoamers such as polydimethylsiloxane as an additive. Thus, the demand for food and beverages will result in an increased usage of defoamers in the near future.
Ill-effects of Consuming Defoamers Poses as Challenge
The possibility of risk to human health due to defoaming additives in the various types of food and beverages is expected to discourage the growth of the global market. Defoamers are directly used in the production of fried and packaged food items such as nuggets, fries, potatoes, etc., for enhancing their quality. However, the same defoamers are used in manufacturing paper or plastic. Thus, these harsh chemicals can result in a health hazard. The growing awareness about eating healthy and the rising consciousness about the ill-effects of consuming packaged food are anticipated to act as a major restraint for the overall market in the near future.
This review is based on Transparency Market Research’s report, titled “Defoamers Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”
- Revenue for global defoamers market to reach US$ 4,107.5 mn by 2023
- Asia Pacific projected to lead global market as it paces towards a share of 37.9% in the global defoamers market
- Silicone-based defoamers segment to expand at a significant CAGR of 4.6% between 2015 and 2023
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Source:Transparency Market Research