Anti-foaming Agents Market to Grow at 5.2% CAGR by 2030
Consistently expanding applications of anti-foaming agent in chemical industry linked with rising demand from emerging economies, and advancement in the anti-foaming agent are expected to drive the growth of Anti-foaming Agent industry during the forecast period of 2020-2030.
The Anti-foaming Agents Market is expected to grow at the CAGR of 5.2% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
Anti-foaming agents are surface-active materials remove foam or prevent foam formation in various processes such as manufacturing, commercial, or industrial. Foam is formed during the various process including filtration & filling procedures, mixing, blending and others. To avoid the formation of this foam, anti-foaming agents are used.
According to the report, consistently expanding applications of anti-foaming agent in chemical industry linked with rising demand from emerging economies, and advancement in the anti-foaming agent are major factors driving the anti-foaming agents market growth. In many processes it is very critical to avoid the foam formation in thus these agents are applied. Various environment regulatory guidelines regarding, control on VOC emissions, and development in the paper and pulp industry have driven the anti-foaming agent market growth. Large mass of the global population is avoiding packaged foods and beverages which change the anti-foaming agent market trend.
However, many industries are unaware of the use of antifoam products in the developing economies of the world, which can create a restrain in the market growth. Moreover, technological advancements in composition and performance of deformers is anticipated to provide numerous opportunities to the market in the coming few years.
On the basis of types, the anti-foaming agents market share is segmented into water-based antifoaming agent, silicone–based antifoaming agent, oil-based antifoaming agent, and other. Silicone–based antifoaming agent dominates the global anti-foaming agent market and will be the dominant during the forecasted period.
On the basis of application, the anti-foaming agents market is categorised into pulp & paper, pharmaceutical, oil & gas, paints & coatings, textiles and others. Oil & gas and pulp & paper is the major application of the antifoaming agent and are expected to transform the anti-foaming agents market trend. In 2016, pulp & paper application dominates the segment and is expected to grow at significant CAGR to maintain the led in 2030.
North America is likely to account for the highest size share of the anti-foaming agents’ market in the forecast period 2020–2030 owing to the huge demand for the anti-foaming agents, rising demand from the oil and gas industry. Europe accounts for the second leading position in the anti-foaming agents market size. Asia Pacific is expected to be the fastest and the largest market in the anti-foaming agents which is majorly driven by presence of huge number of chemical industries, low labour cost and presence of developing economies.
According to the report, some the key players in the anti-foaming agents’ market are Dow Corning Corporation, Clariant AG, Ecolab Inc., Kemira Oyj, Elementis PLC, Evonik Industries AG, BASF SE, Ashland Inc., Shin-Etsu Chemical Company Ltd., and Wacker Chemie AG.
Browse key industry insights from the report at https://www.nextmsc.com/report/anti--foaming-agents in detail along with the table of contents:
Key Insights from the Anti-foaming Agents Market Report:
- Asia Pacific is the fastest growing Anti-foaming Agents market owing to the rising demand for the anti-foaming agents from paper and pulp industry, presence of huge chemical industry, low labour cost, and presence of developing economies.
- The pulp & paper application dominates the segment and is expected to grow at significant CAGR to maintain the led in 2030.
- Some of the major players in the market are Dow Corning Corporation, Clariant AG, Ecolab Inc., Kemira Oyj, Elementis PLC, Evonik Industries AG, BASF SE, Ashland Inc., Shin-Etsu Chemical Company Ltd., and Wacker Chemie AG.
The report Anti-foaming Agents market – segmented by type, application and geography
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