Global Defoamers Market size to surpass $4.3 billion by 2024

According to a new research report by Global Market Insights Inc., the Defoamers Market size will likely surpass USD 4.3 billion by 2024. Rising product demand the pulp and paper manufacturing will drive the defoamers market demand in near future.
 

This is due to defoamers reduces significant amount of foam generated during paper making process. Packaging industry is the major consumer of paper & pulp and will affect positively to the defoamers market growth. Globally, pulp and paper sector generated a market revenue of around USD 550 billion in 2015 and will grow significantly by the end of the forecast timeframe.
 

Growth in food & beverages sector will also enhance product demand in near future. This is due to rising food & beverages additive usage in the industry. These products are used as an additive to prevent the foam formation in the packaged food & beverages. Rising packaged food & beverages consumption in the developing countries will propel defoamers market revenue by 2024.
 

Stringent government regulations over product consumption will hamper market growth by 2024. For instance, the US Food and Drug Administration (FDA) has provided regulations related to product in food and beverages applications.
 

Oil based defoamers will grow at slow rate in the near future. Oil based product contains oil carriers such as mineral oil, white oil, vegetable oil, etc. These products are extensively used for heavy duty applications and commercially less viable compared to other products.
 

Browse key industry insights spread across 127 pages with 149 market data tables & 16 figures & charts from the report, “Defoamers Market Size By Product (Water-Based, Oil-Based, Silicone-Based), By Application (Pulp & Paper, Food & Beverages, Paints & Coatings, Water Treatment), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/defoamers-market
 

Water treatment application segment accounted for more than 25% share of overall market in 2015. This is owing to rising concerns over the industrial wastewater disposal problems. Many water treatment industries have started using treatment chemicals owing to strict legislation over the wastewater disposal. Rising demand for treatment chemicals in the water treatment industry will enhance the defoamers market demand in near future.
 

North America is also likely to have significant demand throughout study period. Rising demand for the pulp and paper in the packaging industry is driving regional growth. Rising consumption of packaged food & beverages in the U.S. will further propel the defoamers demand in near future.
 

Some of the key industry participants include Dow Corning, Evonik Industries Bluestar Silicones, Air Products and Chemicals, Kemira Oyj and Ashland.