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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.
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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.
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