Defoaming Coating Additives Market held USD 973.0 million in 2020 and is to grow with a CAGR of 5.4% from 2020-2030. Defoaming coating additives are low surface tension, primary liquid organic chemical, that are applied to paints, resins and lacquers to enhance their flowing characteristics and help them prevent the creation of a pin hole. During the handling and manufacture of industrialized liquids, air absorption can create large marks of bubble to flow in a non-ideal fashion and create foam in the fluid leading to non-optimal production vessel filling. This creates filling line issue. Adding defoaming coating additives nullifies the produced foam, thus reducing the emission of volatile organic compounds ( VOCs) that are environmentally unfriendly. Defoaming coating additives also boost coating efficiency, reduce the cost of coating and induce higher productivity. High dispersion consistency, improved glossiness of coating products and higher stain resistance are the main features offered by defoaming coating additives to coating products. Defoaming coating additives have numerous uses in a wide variety of sectors, including housing, manufacturing , automotive, wood & furniture, and other industries. Defoaming coating additives in the automotive sector promote weight reduction, wear and tear resistance, and strengthening of automotive components, thus leading to substantial fuel savings during automotive use and fuelling the defoaming coating additives market growth. metal matrix composites market.
Market Overview:
The defoaming coating additives demand is growing due to increasing industrialisation, population and urbanization. Rapidly developing industries and their manufacturing are projected to drive future market growth. On the other hand, rising demand for increased automobiles will also be fueling the global defoaming coating additives market growth in the coming years. Changing consumer preferences for luxury infrastructure and commercial buildings is positively escalating the market growth. In contrast, growing environmental concerns and strict government regulations may hinder defoaming coating additives market growth.
Market Segmentation:
Based on the type, the Global defoaming coating additives industry is bifurcated into mineral oil-based, silicone-based, polymer-based, water-based, vegetable oil-based. On the basis of application, the market is segmented into the wood & furniture, automotive, industrial and architectural. Geographic breakdown of global defoaming coating additives market share includes North America, Europe, Asia-Pacific, and RoW.
Geographic Analysis:
Asia Pacific hold highest global defoaming coating additives market share. Strong economic growth in this region and developing industries are expected to fuel the global defoaming coating additives market growth. Increasing people's spending power also positively impacts market growth. However, Europe is following the same pattern, where its lucrative demand in this area is expected to further boost the global defoaming coating additives market share. North America is also emerging as a niche market developing region for the defoaming coating additives market.
Competitive Scenario:
The defoaming coating additives industry, which is highly competitive, consists of a few major players. The key players of global defoaming coating additives market are Elementis PLC, BASF SE, Allnex SA/NV, Evonik Industries AG, Ashland Inc., Münzing Chemie GmbH, DOW Corning Corporation, BYK-Chemie GmbH, Arkema S.A., and Momentive Performance Materials Inc.,
Defoaming Coating Additives Market Report Scope
Report Attribute | Details |
Analysis Period | 2020–2030 |
Base Year | 2021 |
Forecast Period | 2022–2030 |
Market Size Estimation | Million (USD) |
Growth Rate (CAGR%) | 5.4 % |
| by Type (Silicone-Based, Mineral Oil-Based, Vegetable Oil-Based, Water-Based, Polymer-Based), Application (Architectural, Automotive, Industrial, Wood & Furniture) |
Geographical Segmentation | North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), South America (Brazil, Argentina, Rest of SA), MEA (UAE, Saudi Arabia, South Africa) |
Key Companies Profiled | Elementis PLC, BASF SE, Allnex SA/NV, Evonik Industries AG, Ashland Inc., Münzing Chemie GmbH, DOW Corning Corporation, BYK-Chemie GmbH, Arkema S.A., and Momentive Performance Materials Inc., |
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