Email
Print
Market Overview:
The Defoaming Agent Market size is estimated to reach $10.13 billion by 2030, growing at a CAGR of 4.1% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Defoaming Agent Market Size, Share & Trends Analysis Report- By Type (Water Based, Oil Based, Silicone Based, Alkyd Based, Polymer Based and Others), By Application (Adhesives, Coatings, Detergents, Wood Pulp, Food Processing, Wastewater Treatment and Others), By End Use (Oil and gas, Paint and coatings, Food and Beverages, Pharmaceuticals, Textile, Pulp and Paper, Industrial and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
The high demand for crude oil across the world and the rise in the paint and coatings sector are fueling the growth of the Defoaming Agent industry during the forecast period.
Asia-Pacific Dominated the Market in 2023:
Asia-Pacific is the largest market for defoaming agents, commanding a significant share of 48% in the global landscape. This dominance is primarily attributed to the robust industrial activities in key countries such as China and India, which drive demand across various sectors, including oil and gas, food and beverages, and pharmaceuticals. The region's economic growth is further bolstered by increasing foreign direct investments, particularly in Southeast Asia. As industries prioritize effective foam control to enhance operational efficiency, the utilization of defoaming agents becomes crucial, particularly in applications like crude oil refining and wastewater treatment, contributing to the market's substantial size and influence.
Defoaming Agent Market: Key Takeaways
The High Demand for Crude Oil Across the World is Driving the Market Growth:
The global demand for crude oil is anticipated to fuel growth in the Defoaming Agent market. Non-renewable energy sources are insufficient to meet this increasing demand. As oil and gas remain among the largest energy resources globally, it is crucial to utilize and distribute crude oil efficiently. This necessity for effective management and application of crude oil will significantly contribute to market expansion during the forecast period. The interplay between rising crude oil demand and the need for enhanced operational efficiency will create opportunities for growth in the Defoaming Agent sector, shaping its future landscape.
For More Queries About "Defoaming Agent Market " @ https://www.industryarc.com/reports/request-quote?id=511903
Market Growth Driven by Rise in the Paint and Coatings Sector:
The coatings industry is among the most heavily regulated globally, compelling producers to adopt low-solvent and solvent-free technologies over the past 40 years. This trend is expected to persist as regulations tighten. While there are numerous coatings manufacturers, most operate on a regional scale. This landscape presents both challenges and opportunities for growth within the market. As producers adapt to stricter regulations and consumer preferences for environmentally friendly solutions, the demand for innovative coatings will increase. Consequently, this shift toward sustainable practices is anticipated to drive significant market growth during the forecast period.
Scope of the Report:
Recent Developments:
- In Oct 2023, Evonik launched a new Defoaming Agent that Combines the Best Properties of Silicone and Bio-Based Materials. The new product is targeted at water-based ink and coating applications, uses a unique new mixing technology, contains more than 50% bio-based materials in the solid content, and complies with multiple food contact regulations.
- In May 2023, Jio-bp launched a new diesel that offers savings of Rs 1.1 lakh per truck annually. It is designed to work across a range of commercial vehicles, and with ongoing use, it offers a variety of benefits to drivers and fleet owners. It contains an anti-foam agent that helps deliver cleaner, faster, and safer refueling, so trucks can spend more time on the road and less time at the pump.
Defoaming Agent Market: Competitive Landscape
Key companies profiled in the Defoaming Agent Market are BASF, Evonik Industries, Air Products and Chemicals, Inc., Wacker Chemie AG, DOW Corning Corporation, Clariant AG, Ecolab Inc., Shin-Etsu Chemical Company Ltd., Kemira Oyj, Ashland Inc., and others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727