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How is the expanding water treatment sector favoring defoamers market trends?

Author : Ravi Chawat | Published Date : 2020-09-07 

Defoamers market share from water treatment applications accounted for more than 25% share in 2015. The growth can primarily be attributed to the towering concerns regarding the hazards of industrial wastewater discharge and the consequently intensifying demand for water treatment. In addition, strict regulations pertaining to industrial discharge enacted by legislative bodies have prompted various industries to invest in water treatment. For the record, in 2015, water treatment chemicals generated a revenue of more than USD 25 billion.

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The water-based defoamers are anticipated to observe high growth trends in the upcoming years due to their wide scale usage in the myriad application sectors such as pulp and paper, water treatment, and paints and coating. According to sources, the water-based products procured a substantial share in the global defoamer market during 2015 and is now expected to depict a CAGR of 4 per cent through 2024.

 

Defoamers market is poised to garner massive momentum in the upcoming years perhaps attributing to the mounting use of the product in vivid application sectors. For uninitiated, a defoamer is a chemical additive which minimizes the foam formation in umpteen industrial process liquids.

The worldwide defoamers industry is characterized by a huge application spectrum spanned by the pulp and paper, water treatment, paints and coatings, and the food and beverages sectors. On these grounds, defoamers industry size is envisaged to be account for over USD 4.3 billion by the end of 2024 in terms of revenue.

The global defoamers market, in terms of the product spectrum, is segment into three product types: water-based, oil-based, and silicone based defoamers.

North America defoamers market size is expected to surge in the coming years on account of inflating demand from the pulp & paper industry. Moreover, the purchasing power of consumers in the region is considerably high, which coupled with the progression of hectic lifestyles is leading to greater consumption of packaged food and beverages. As per estimates, US defoamers market is likely to accrue USD 1 bn by 2024.

Concurrently, Asia Pacific defoamers market is anticipated to demonstrate noteworthy expansion in the foreseeable timespan. Over the past decade, led by South East Asian countries such as Malaysia and Indonesia, the regional market commanded over one-third of global defoamers market and is expected to be the fastest-growing market through 2024. The regional market penetration will be majorly facilitated by the expanding pulp & paper industry. Indonesia is estimated to contribute significantly to the APAC market with an anticipated CAGR of 5% over 2016-2024.

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/defoamers-market

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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