Increasing demand from the pulp and paper and wastewater industries is expected to contribute strongly towards the expansion of the defoamers market, finds Future Market Insights (FMI) in a recent study. According to the report, the market is estimated to reach a value of US$ 1,920.0 Mn by the end of 2031, exhibiting a CAGR of 4.0% during the forecast period. As per FMI, silicone defoamers will account for more than one third of market value share in 2021 and is expected to continue its dominance through the assessment period. However, the market experienced a considerable decline in 2020 owing to the weak economic situation created in the wake of the covid-19 pandemic. A defoamer is a chemical additive, also known as anti-foaming agent that helps reduce foam formation and also prevents the formation of excess foam in industrial process liquids. Defoamers are widely used in diverse industry verticals for various applications including pulp & paper, paints & coatings, water & wastewater treatment industry, food processing, chemical formulation, textiles and among others. Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-3106 Geographically, East Asia is estimated to dominate the market during the projection period. Major players in the defoamers market are planning to expand their distribution in the existing markets of U.S. and Europe. Key players are focusing on expanding their reach by diversifying supply chains to avoid disruptions. Due to the COVID -19 crisis, end users have been impacted in several ways on account of the disrupted supply chain across the globe. In addition to restrictions in trade, shortage of labor and increase in raw material prices also impacted the defoamers market. However, the demand is expected to regain its previous growth from the first half of 2021. Key Takeaways of Defoamers Market Study • • • • •
Aqueous defoamers will account for more than 80% of the market by 2031 owing to ease of use in water treatment, paints and coatings, and pulp and paper applications. Silicone based defoamers will reflect the fastest growth with a 4.7% CAGR, supported by consistent process outcomes. China will dominate East Asia through 2031 with value share over 63% owing to the presence of major production facilities. Germany holds the lead in the Europe market with a US$ 77.2 Bn valuation in 2021, driven by matured chemical and manufacturing sectors. The U.S. will account for nearly 90% of the North America market by 2031, supported by the presence of varied end-user industries in the country.
“Key players globally are assessing various solutions in the supply chain, which will help them maintain business continuity with minimum disruption due to unforeseen events, since the onset of the COVID-19 crisis. Moreover, key players are planning to diversify their supply chains to reduce dependence on singular sources and continue production without interruptions in the coming decade,” says an FMI analyst Market Landscape: Competitive Overview