Defoaming Coating Additives Market by Type (Oil-based, Water-based), Application (Industrial, Automotive, Architecture), and by Region – Forecast to 2022
PUNE, MAHARASHTRA, INDIA, June 30, 2017 /EINPresswire.com/ — Market Forecast and Highlights:
Market Research Future published a half cooked research report on Defoaming Coating Additives Market. The Global Defoaming Coating Additives Market is expected to grow over the CAGR of around 6% during the period 2016 to 2022.
Foam is considered as an undesirable formation in coatings. Foam can even occur during application, thus causing surface defects. It also reduces the protective function of the coating. It is because of this reason that defoaming additive is an essential ingredient in nearly all coating formulations. Defoaming additives prevent and destroy the foam bubbles and enable an improved processing, a perfect surface and optimum product properties. To improve the defoaming efficiency, particles such as hydrophobic silica, metallic soaps and waxes are used by various manufacturers.
The architecture industry is the largest consumer of such additives. In architectural coating, defoaming agents are needed in waterborne systems. These are needed to avoid foam formation during manufacturing as well as application. Waterborne paints tend to stabilize foam, mainly due to the presence of surfactants and wetting agents. The architectural coating application has widened due to the growth of construction industry in APAC. The increased demand for construction with high aesthetic values in these emerging nations induces the demand for such additives.
Demand for defoaming coating additives in automobile and industrial applications is also projected to grow. Defoamers are needed in waterborne as well as solventborne industrial paints. In case of waterborne, it is used during manufacturing as well as application. For solventborne, it is used mainly to avoid foaming during application and avoiding craters and foamy appearance in the dried film. The global defoaming coating additives market is expected to cross USD 1,100 Million mark at the end of the forecasted period and is expected to show a staggering growth at CAGR of approximately 6% from 2016 to 2022.
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The key players of global defoaming coating additives market report include- BASF SE, Dow Corning Corporation, Evonik Industries AG, Elementis Plc., Momentive Performance Materials Inc., BYK-Chemie GmbH, Allnex SA/NV, Arkema S.A., Ashland Inc. and Münzing Chemie GmbH.
Market Research Analysis:
The market is highly application based. Its dependency on the end-use industry has widened over a period of time. The need for eliminating foam from the coating process across all the applications has led to the growth of these additives. It is expected that the global defoaming coating additives market will advance with higher growth rate as compared to previous years. However the current challenge for the market is the fluctuating raw material prices and emerging competition from the emerging nations.
On the basis of type, silicone-based additives drive the maximum share. The share is attributed to its properties such as high inertness, low surface tension, and solubility. This induces the demand in construction and automotive industries. The second largest market by type is driven by water-based additives. These additives are cost effective when compared to silicone-based. On the basis of application, architectural coatings accounts for the largest share. The demand for attractive architecture with high aesthetic values has driven the market for this application.
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On the basis of region, APAC takes the lead as the largest and the fastest growing market, followed by North America and Europe. APAC, due to its rapid urbanization and changing lifestyles have created an increased demand for comfortable and well-designed homes and offices. The increased investment in infrastructure to support the population growth in the region is the driving force. The region is seen with various government initiatives for the development of industrial areas, which drives the industrial coating application in countries like Indian and China. Also, the stringent government policies for environment friendly coatings and paints have led to the increased investments by the manufacturers in the technology.
Scope of the Report:
This study provides an overview of the global defoaming coating additives industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global defoaming coating additives market as type and application. On the basis of type it is segmented oil-based, silicone-based, water-based, polymer-based, emulsion-based, and others. On the basis of application it is segmented as industrial, automotive, architecture, woods furnishings, and others.
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Source: EIN Presswire