(Entertainment-NewsWire.com, December 07, 2018 ) According to the new market research report “Antifoaming Agent Market by Type (Water Based, Oil Based, and Silicone Based), and Application (Pulp & Paper, Oil & Gas, Food & Beverage, Paints & Coatings and Water Treatment) - Global Trends & Forecasts to 2021”, published by MarketsandMarkets™, the global market size of antifoaming agent was USD 5.29 Billion in 2015, which is projected to reach USD 6.59 Billion by 2021, at a CAGR of 3.8% between 2016 and 2021.
The growing manufacturing industry and increasing demand from applications are expected to drive the antifoaming agent market during the forecast period.
Silicone-based captures the largest share of the antifoaming agent market
The antifoaming agent market is segmented based on types, namely, water-based, oil-based, and-silicone based. In 2015, silicone-based captured the maximum share of the overall market and is expected to witness the second-highest growth rate during the forecast period. The demand of silicone-based is increasing because of its properties such as low surface tension, chemical inertness, thermal stability, and complete solubility in water.
Browse and in-depth TOC on “Antifoaming Agent Market”
Growing demand from pulp & paper application to drive the antifoaming agent market
The antifoaming agent market is also segmented based on applications. The major applications of the antifoaming agent market are pulp & paper, oil & gas, paints & coatings, water treatment, pharmaceuticals, food & beverage, textile, and others. Pulp & paper is the leading application of the antifoaming agent market due to its high demand for pulp & paper manufacturing.
North America the largest antifoaming agent market
The antifoaming agent market is broadly segmented into five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is the largest antifoaming agent market, closely followed by Asia-Pacific, in terms of value. The rising demand from applications such as paints & coatings and pulp & paper in this region is driving the antifoaming agent market.
Currently, various market players such as Air Products and Chemicals Inc. (U.S.), Dow Corning Corporation (U.S.), Evonik Industries (Germany), BASF (Germany), Kemira (Finland), Ashland (U.S.), Elements Plc. (U.K.), and Shin-Etsu Chemical Company Ltd. (Japan) dominate the global antifoaming agent market.
