Defoamers Market Size

Defoamers Market Size

Defoamers Market size estimated at USD 2.9 billion in 2015 and will grow at a CAGR of more than 4% from 2016 to 2024. Growing product usage in the paper & pulp industry is likely to drive the product demand in the study period.

Defoamers are extensively utilized during production of paper & pulp. These products help in reducing the generation of foam quantity during paper & pulp making. Growing demand for paper & pulp primarily in packaging sector will augment the defoamers market growth in the next few years. Increasing paper-based product usage in the flexible packaging industry due to significant growth of e-commerce sector.

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Increasing concerns over industrial wastewater across the world is likely to enhance the market demand in the coming years. Stringent government regulations related to disposal of industrial wastewater has led to increase in consumption of treatment chemicals in the water treatment industry. Rising product usage in industrial water purification is likely to drive the defoamers market share in next few years.

Another key growth enabling factor for the defoamers market is rising demand for paints & coatings products in automotive and construction sector. Rising number of vehicle production in major countries including China, India, Mexico, the U.S., etc. are likely to drive the automotive industry growth in next few years. Further, rising urbanization and population across the world has led to increase in the construction of residential buildings in the emerging economies. Increasing construction and automotive industry in emerging countries will drive the paints & coatings demand.

The key restraint to the market growth is regulations related to permitted quantities of defoamers in various end-use industries. Various government agencies including US FDA, Code of Federal Regulations (CFR), European Environmental Agency (EEA), etc. have provided regulations over the usage of the product, which may slow down the defoamers market in the next few years.