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Global Defoaming Coating Additives Market to Grow at a CAGR of 5.80% During 2022-2027, Aided by the Rapid Urbanisation

According to a new report by EMR titled, ‘Global Defoaming Coating Additives Market Report and Forecast 2022-2027’, the market attained a value of around USD 1049.1 million in 2021. The industry is further expected to grow at a CAGR of 5.80% in the forecast period of 2022-2027 to reach a value of around USD 1471.4 million by 2027.

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.

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 (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) 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.

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