Heightened Demand for Water Based Defoamers to Bolster the Global Defoaming Coating Additives Industry
Based on type, the water based segment is predicted to possess a significant share of the defoaming coating additives industry. This can be attributed to the benefits offered by water based additives, including reduced volatile organic compound emissions, cost-effectiveness, and recyclability. In addition, the multifaceted usage of water based additives across industry verticals is projected to drive their demand. These factors are expected to drive the market growth in the forecast period.Rising Infrastructure Development Activities in the Asia Pacific to Aid the Global Defoaming Coating Additives Industry
The Asia Pacific is predicted to possess a significant share of the defoaming coating additives industry in the forecast period. The market growth can be attributed to the rising investments in infrastructure development activities in the region as a result of the rapidly growing population and their subsequent demand for residential and commercial infrastructure. In addition, the rising focus of the governments to control emissions is leading to a rise in research and development activities in an endeavour to develop environmentally friendly coating solutions. These factors are anticipated to aid the regional market growth in the coming years.
Defoaming Coating Additives Market Segmentation
Defoaming coating additives refer to chemical substances that are added to resins, lacquers, and paints to enhance their flow and prevent the pin-hole formation. These help reduce the formation of foams in such liquids. They also offer improved quality and enhanced productivity with improved gloss enhancement and stain resistance. These find increased usage in industry verticals such as construction, automotive, and industrial equipment, among others.By type, the market is divided into:
- Mineral Oil Based
- Vegetable Oil Based
- Water Based
- Silicone Based
- Polymer Based
- Others
On the basis of application, the market can be segmented into:
- Architectural
- Industrial
- Wood and Furniture
- Automotive
- Pharmaceutical
- Others
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The rising urbanisation and heightened industrialisation are projected to drive the defoaming coating additive industry in the forecast period. This can be majorly associated with the heightened construction activities, owing to the rising global population and their subsequent residential requirements. Additionally, rising investments by the governments in the development of commercial and industrial infrastructure to aid the economic growth are also projected to bolster the market growth. Moreover, the growing demand for transportation is predicted to lead to an increased demand for defoaming coating additives in the automotive industry. These additives provide wear resistance, weight reduction, as well as a glossy finish to the product. Furthermore, rising investments by the key market players in the development of eco-friendly defoaming coating additives are also anticipated to bolster the market growth in the forecast period.
Key Industry Players in the Global Defoaming Coating Additives Market
The report gives a detailed analysis of the following key players in the global defoaming coating additives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- BASF SE
- Elementis PLC
- Evonik Industries AG
- BYK-Chemie GmbH
- MÜNZING Corporation
- Dow Chemical Company
- Others
Table of Contents
Companies Mentioned
- BASF SE
- Elementis PLC
- Evonik Industries AG
- BYK-Chemie GmbH
- MÜNZING Corporation
- Dow Chemical Company