Defoaming coating additives are chemicals which can prevent the formation of soap bubbles. It is also known as defoamers. Foams formed during production and processing of coatings can cause pinholes and scum making it undesirable. The addition of defoamers can increase its saltwater and moisture resistance and adhesion. The global defoaming coating additives market report by Market Research Future (MRFR) encompasses trends, opportunities, growth drivers, and challenges to be faced by market leaders for the period between 2020 and 2027 (forecast period).
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Market Scope
The global defoaming coating additives market is set for a stellar growth rate during the forecast period. The massive demand for these additives across consumer appliances, wood and furniture, textiles, industrial, construction, and automotive sectors is likely to drive market demand. High production and sales of automobiles is expected to greatly influence the market. Defoamers improve the external appearance of cars and provide reinforcement and wear resistance to its body.
Expansive rate of urbanization and urbanization in economies of APAC can be monumental in bolstering the global Defoaming Coating Additives Market growth. The development of water-based defoamers can assist in facilitating market growth. Government initiatives to curb pollution levels as well as regulations by federal agencies such as the U.S. Environmental Protection Agency and European Union’s REACH can influence the market greatly. High demand for silicon defoamers for wastewater treatment for solving the problem of drinking water shortage can cause a spike in its demand.
Water-based defoamers can have high demand to meet the challenges in the construction industry. These defoamers have a low VOC footprint and highly preferred in the paints & coatings industry. For instance, BASF has Efka BF 2744 which has been designed for industrial floor formulations and compliance with latest regulations.
However, fluctuations in raw material prices can take a toll on the market.
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Regional Analysis
North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and Latin America are regions the center of interest in the global defoaming coating additives market report.
APAC dominated the global marketspace due to high rate of industrialization and construction activities. Development of smart cities, renovation of old buildings, and initiatives for infrastructural projects can drive the market growth till 2023. Large demand for consumer appliances in Japan, India, and China is predicted to drive global demand for defoaming coating additives. The textile industry can also induce high market demand.
Europe accounted for the second-largest market share in 2017 due to production and export of automotive components by companies in Western Europe. The construction industry can fuel the demand for defoamers exponentially. North America will remain lucrative for the global defoaming coating additives market due to construction and automotive sectors.
MEA can induce demand in the global defoaming coating additives market due to infrastructural activities, while the Latin America market can expand due to demand from construction and automotive sectors in Chile, Brazil, and Argentina.
Competitive Outlook
Allnex Group, Altana, BASF SE, Münzing Corporation, Arkema, Ashland, Elementis PLC, Momentive, Evonik Industries AG, and DowDuPont are prominent players of the global defoaming coating additives market. Innovation and novel product developments as well as consolidations are strategies implemented by market players to gain the competitive edge in the market.
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Segmentation
The global defoaming coating additives market has been segmented by type, function, and application.
By type, the market has been segmented into silicone, polymer, mineral oil, vegetable oil, water-based, emulsion-based, and powder-based defoamers.
Based on function, the market has been divided into foam breaking, foam suppressing, and deaerating.
On the basis of application, the market has been classified as automotive, construction, industrial, wood and furniture, consumer appliances, textiles, and others.
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