The new report by Expert Market Research titled, ‘Global Defoaming Coating Additives Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Global Defoaming Coating Additives Market, assessing the market based on its segments like type, application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 1049.1 million
• Forecast CAGR (2022-2027): 5.80%
• Forecast Market Size (2027): USD 1471.4 million
According to type, the defoaming coating additives market is expected to be dominated by the water-based segment. The advantages of water-based additives, such as reduced volatile organic compound emissions, cost-effectiveness, and recyclability, can be linked to this. Water-based additives’ diverse use across industry verticals is also expected to boost demand. During the projected period, Asia Pacific is expected to hold a substantial share of the defoaming coating additives market. The rising investments in infrastructure development activities in the region as a result of the fast growing population and the resulting demand for residential and commercial facilities can be ascribed to market expansion. Furthermore, governments’ increased focus on reducing emissions is leading to an increase in research and development operations in an effort to find environment friendly coating solutions. In the next years, these elements are expected to help the regional market flourish.
Industry Definition and Major Segments
Chemical substances added to resins, lacquers, and paints to improve flow and prevent pin-hole formation are known as defoaming coating additives. These aid in the prevention of foam development in such liquids. With better gloss enhancement and stain resistance, they also offer greater quality and productivity. Construction, automotive, and industrial equipment, among other industries, have increased their use of these additives.
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Based on type, the market can be broadly divided into:
• Mineral Oil Based
• Vegetable Oil Based
• Water Based
• Silicone Based
• Polymer Based
• Others
The Global Defoaming Coating Additives market can be broadly divided based on its applications into:
• Architectural
• Industrial
• Wood and Furniture
• Automotive
• Pharmaceutical
• Others
On the Basis of region, the market can be divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
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Market Trends
During the forecast period, the defoaming coating additive business is expected to be driven by expanding urbanisation and increased industrialisation. This is mostly due to increased construction activity, which is a result of the growing global population and its resulting housing needs. Furthermore, increased government investments in the construction of commercial and industrial infrastructure to support economic growth are expected to support market growth. Furthermore, higher demand for defoaming coating additives in the automotive industry is expected to result from rising transportation demand. These additives give the product wear resistance, weight reduction, and a glossy finish. In addition, increased investments by leading market players in the development of environmentally friendly defoaming coating additives are expected to boost market growth over the forecast period.
Key Market Players
The major players in the market are BASF SE, Elementis PLC, Evonik Industries AG, BYK-Chemie GmbH, MÜNZING Corporation, Dow Chemical Company and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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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.
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