Defoaming Coating Additives Market projected to grow at CAGR of 5.6% between 2016 and 2021
NEW YORK, Oct. 17, 2016 /PRNewswire/ -- The global defoaming coating additives market is projected to reach USD 1,034.2 million by 2021, at a CAGR of 5.6% between 2016 and 2021. Economic development in Asia-Pacific, rising demand of the defoaming coating additives from construction industry, and the increasing demand for environment-friendly coatings and decorative paints are the key factors driving the growth of this market. Stringent environmental regulations and high loading levels of defoaming agents in the industrial process are some of the key factors restraining the growth of the defoaming coating additives market, globally,
"Architectural application segment is estimated to be the largest-application segment during the forecast period"
The architectural application segment accounts for the largest share of the global defoaming coating additives market. Rising living standards and preference of consumers for attractive homes and commercial spaces are leading to the increasing demand of defoamer coating additives in architectural applications.
"Silicone-based defoamer was the largest-defoamer type in the defoaming coating additives market in 2015"
The silicone-based defoamer segment accounted for the largest share of the defoaming coating additives market in 2015. It is projected to be the second fastest-growing defoamer type of defoaming coating additives market between 2016 and 2021. Though the price of silicone-based defoamers is high in comparison to water based defoamers, properties such as low loading levels, high chemical inertness, lower surface tension, and full solubility in water make them a preferred choice in comparison to other defoaming agents.
"India is estimated to be the fastest-growing country during the forecast period"
Asia-Pacific accounted for the largest share of the defoaming coating additives market in 2015. China and India were the key markets for defoaming coating additives in Asia-Pacific. High economic growth of the emerging economies and increasing disposable income of the people in the region make Asia-Pacific an attractive market for defoaming coating additives manufacturers. In addition, the extensive growth of industrial production and increasing vehicles production are also responsible for the high demand of defoaming coating additives in this region.
Break-up of profile of primary participants for the report:
- By Company Type - Tier 1 – 30 %, Tier 2 – 43%, and Tier 3 – 27%
- By Designation – C level – 21%, Director level – 23%, Others – 56%
- By Region – Asia-Pacific - 37%, Europe - 26%, North America - 23%, Middle East & Africa - 8%, and South America – 6%
The report, as part of qualitative analysis, provides a comprehensive review of major market drivers, restraints, opportunities, and challenges of the market. It also discusses competitive strategies adopted by different market players, such as BASF SE (Germany), Dow Corning Corporation (U.S.), Elementis Plc. (U.K.), BYK-Chemie GmbH (Germany), and others.
Research Coverage
The defoaming coating additives market report has been segmented on the basis of defoamer type (mineral oil-based defoamer, vegetable oil-based defoamer, silicone-based defoamer, water-based defoamer, polymer-based defoamer, and others), application (architectural, industrial, wood & furniture, automotive, and others), and geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America).
Reasons to buy this report:
This report covers the following key aspects:
- The market size by 2021 and its growth rate
- Key market trends
- Factors driving this market
- Challenges that impact market growth
- Key players in this market
- Key regions for this market, such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America, along with the major countries in these regions
Read the full report: http://www.reportlinker.com/p04226788-summary/view-report.html
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