IMARC Group, a leading market research company, has recently releases report titled “Defoaming Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global defoaming coating additives market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Defoaming Coating Additives Market?
The global defoaming coating additives market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
Defoaming coating additives play a crucial role in the manufacturing and application of coatings and ensuring optimal quality and performance. They reduce the surface tension of the coating material and allow trapped air bubbles to escape more easily. They effectively eliminate foam formation during the production and use of coatings, thereby preventing surface defects and improving overall product integrity. They offer several key benefits to businesses, such as cratering, pinholing, and uneven film formation, resulting in improved surface appearance and enhanced coating functionality. Additionally, they enhance productivity by reducing downtime caused by foam-related problems, leading to increased operational efficiency and cost savings.
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What are the growth prospects and trends in the defoaming coating additives industry?
At present, the rising demand for defoaming coating additives in the building and construction industry due to rapid urbanization, along with the burgeoning construction industry, represents one of the key factors driving the market.
Besides this, the growing demand for defoaming coating additives to manufacture emulsion paints and coatings is offering a favorable market outlook. In addition, there is an increase in the adoption of defoaming coating additives to decline volatile organic compound (VOC) emissions, reduce costs, improve quality, increase productivity, and provide high dispersion stability.
This, coupled with the rising production and sales of automobiles across the globe, is propelling the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Water-based Systems
- Silicone
- Emulsion
- Polymer
- Powder
- Others
- Solvent-based Systems
- Polymer
- Silicone
Breakup by Function:
- Foam Breaking
- Foam Suppressing
- Deaerating
Breakup by End Use Industry:
- Building and Construction
- Automotive
- Wood and Furniture
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Air Products and Chemicals Inc., Altana AG, Arkema S.A., Ashland Global, BASF SE, Clariant AG, Dow Inc., Elementis PLC, Elkem ASA (China National Bluestar (Group) Co. Ltd.), Evonik Industries AG, Kemira Oyj, Momentive Performance Materials Inc., Solvay S.A. and Wacker Chemie AG.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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