Global Defoaming Coating Additives Market to Grow at a CAGR of 5.80% During 2024-2032, Aided by the Rapid Urbanisation

The global defoaming coating additives industry is being driven by the ongoing urbanisation and industrialisation worldwide. In addition, the heightened demand for defoaming coating additives in the automotive industry is anticipated to bolster the market growth in the forecast period. This can be associated with the inflating disposable incomes and improved living standards of consumers. Moreover, the rising application of defoaming coating additive solutions in the construction industry to reduce foam development in industrial chemicals and paints, which further helps reduce emissions while improving coating productivity, is also expected to aid the industry in the coming years.

There has been a rise in investments by the leading market players to develop efficient defoaming coating additives in order to meet the growing demand for coatings that are environmental friendly as well as comply with food contact regulations in the packaging industry. This is estimated to significantly catalyse the industry growth in the forecast period. For instance, in October 2019, BASF SE (OTCMKTS: BASFY) announced the launch of its new defoamer, Foamaster® WO 2360 for adhesive and paper coating applications in functional packaging with added food contact regulation. Furthermore, another defoaming coating additives manufacturer, Evonik Industries AG (OTCMKTS: EVKIF) launched two new oil-based defoamer concentrates TEGO® Foamex 8820 and 8850, with more than 55% of bio-renewable content in November 2021. These defoamers are developed for waterborne printing inks and varnishes in the packaging industry. Such factors are expected to positively impact the growth of the defoaming coating additives industry in the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Breakup by Type, Application, and Region:

• The market is divided, based on type, into mineral oil based, vegetable oil based, water based, silicone based, polymer based, and others.

• Based on application, the industry is segregated into architectural, industrial, wood and furniture, automotive, pharmaceutical, and others.

• Region-wise, the global market for defoaming coating additives can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for defoaming coating additives is being driven by the rising urbanisation and industrialisation worldwide.

• The increased demand for coatings in the construction industry has significantly contributed to the market expansion.

• The heightened demand for defoaming coating additives in the automotive industry, fuelled by the rising demand for passenger vehicles, is also aiding the industry growth.

• The rising global population, along with inflating disposable incomes and improved living standards is further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for defoaming coating additives for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, applications, and major regions of defoaming coating additives.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global defoaming coating additives market are BASF SE, Elementis PLC, Evonik Industries AG, BYK-Chemie GmbH, MÜNZING Corporation, Dow Chemical Company, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.