Defoamers Market Is Expected to Reach $4.1 Billion by 2023

The Report “Defoamers Market: By Type (Silicone Defoamer, Non-silicone Defoamer); By Application (Pulp& Paper,Paints, Ink & Coatings, Oil & gas, Industrial cleaning and detergants, Pharmaceutical, Textile Processing, Food & Beverages,Others); & Geographic Analysis - Forecast (2018-2023)”, published by IndustryARC, estimates the global defoamers market to reach $4.1 billion by 2023.

Browse 71 Market Tables and 32 Figures spread across 188 Pages, and an in-depth TOC on “Defoamers Market”

According to a recent study by IndustryARC, the Defoamers market is forecast to reach $4.1 billion by 2023, growing at a CAGR of 4.5%. The growth of the Defoamers market can be attributed to the wide range of applications of defoamers in the paper and pulp, oil and gas, textiles, paints and coatings, and other industries. 

The market for Defoamers is all set to exhibit robust growth due to the thriving paper and pulp manufacturing industries.  In the pulp and paper industry, defoamers help eliminate extra spending on energy and operations. The water-based defoamers segment is the most rapidly growing segment. Defoamers with low volatile organic compounds (VOCs) content is gaining wide acceptance because of the strict regulations pertaining to health, which may be amplified by certain defoamers

APAC is the major producer and consumer of defoamers across the world. In APAC, China dominates the defoamers market followed by Japan, India, Indonesia, Malaysia, Thailand, and others. China holds a major share of the pulp and paper defoamers market both in terms of volume and revenue. The paints and coatings industry is rapidly growing in China and India, and hence, the demand for defoamers used in paints and coatings is relatively high than in other industries in these countries. Moreover, construction spending is likely to increase at 8% per annum over the next five years. This will help in the growth of the paints and coatings industry, which in turn drive the defoamers market. The APAC defoamers market revenue by applications is forecast to grow at a CAGR of 5.3% between 2018 and 2023. The key companies of defoamers in APAC are Lubrizol Corporation, Sixin Chemicals, Dow Chemicals, and Clariant Chemicals. 

Defoamers manufacturers have laid their focus on mergers and acquisitions as well as product launches to augment entry into related markets and enhance their core competencies and product portfolio as well as gain a foothold in the emerging markets.

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.