WELLESLEY, Mass, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Increasing demand from the pulp and paper industry is helping to drive expansion of the global defoamers market, according to a report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 4.6% through 2022, when it could be worth nearly $3.8 billion, according to the report Defoamers: Global Markets to 2022.
Major players in the market include Airedale Chemical, Baker Hughes, Dow Corning, Eastman Chemical, Exxon Mobile, Henkel, KCC Basildon, Lonza Group, Mera Chemicals, PMC Group, Resil Chemicals, Supreme Silicones and Tiny Chempro.
Research Highlights
- Silicone-based defoamers accounted for 39.5% of the market in 2016 by volume, followed by water-based, oil-based and other defoamers.
- Growth in the market will be led by water-based defoamers, which expect a CAGR of 5.6% through the forecast period and revenues of $1.1 billion by 2022.
- The Asia-Pacific region dominated the defoamers market in 2016 with revenues of about $1.2 billion; the large size was a result mostly of the region’s paper and pulp industry. The Asia-Pacific region expects a CAGR of 5.1% through the forecast period.
“Defoamers find applications in various industries such as paints and coatings, and food and beverages, among others,” said BCC Research analyst and report author Tanmay Joshi. “The basic purpose of defoamers in these industries is to reduce foam, as foam can cause serious problems such as reducing container filling efficiency and causing defects on surface coatings. Hence, many industries utilize defoamers to reduce the aforementioned problems and consequently optimize productivity.”
Use in Water Treatment Contributing to Growth
Rising demand for defoamers in water treatment applications for wastewater, effluent, cooling water systems, steam generation and fermentation is expected to help grow the global market. Defoamers are used in wastewater treatment applications for accurate and long-term maintenance of water conditions within wastewater and effluent treatment. Growing environmental concern for the treatment of wastewater and sludge will help drive demand for defoamers in this market.
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, includingemerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.