Global Defoamers Market to reach US$4.1 billion by 2023: Transparency Market Research
September 14, 2015 | By Business Wire News
ALBANY, N.Y.
The report titled “Defoamers Market for Pulp & Paper, Water Treatment, Paints & Coatings, Food & Beverages, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023” from Transparency Market Research forecasts that the global defoamers market, which stood at US$2.7 billion in 2014, will reach US$4.1 billion by the end of 2023. If the figures hold true, the global defoamers market will exhibit a 4.5% CAGR during the 2015-2023 period.
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Increasing demand for defoamers in the paints and coatings, pulp and paper, and water treatment applications in Asia Pacific drives the global defoamers market. Defoamers reduce and prevent the formation of foam during a biochemical process. Silicon-based defoamers boast widespread applications across several industries, owing to which they have emerged as the largest segment of the market in 2014, accounting for 40% of the overall market. The oil-based defoamers segment held the second largest share in the market in 2014. In the last couple of years, the use of water-based defoamers has also increased significantly across industries.
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On the basis of end-use industries, the pulp and paper industry has been registering the maximum demand in the market for the past couple of years. The report segments the global defoamers market into five key regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among these regions, Asia Pacific has remained at the helm of the global defoamers market for the past many years. Asia Pacific is also anticipated to remain the undisputed market leader over the report’s forecast period. Rise in demand for defoamers in Asia Pacific is fuelled by the rapid industrialization in emerging economies. However, stringent government regulations may hamper growth of the Asia Pacific defoamers market.
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About TMR
Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
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