New Study Reveals Promising Growth Prospects in the Defoaming Coating Additives Market
Defoaming coating additives are chemicals that are used to reduce or eliminate foam in liquid coatings. These additives are added to the coating to reduce air entrapment, which can cause defects on the coating surface such as bubbles, pinholes, and sags. The demand for defoaming coating additives is increasing as the coating industry evolves to meet the demand for higher quality and faster processing. Defoaming coating additives are used in a wide range of applications, from industrial coatings to consumer products, and can be used to improve product performance and reduce the risk of defects. The global defoaming coating additives market was valued at USD 1,034.2 Million by 2021, at a CAGR of 5.6%.
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Defoaming Coating Additives Market- Key Drivers
- Growing demand for automotive coatings: The growing demand for automotive coatings due to increased vehicle production around the world is expected to drive the defoaming coating additives market. The growing global vehicle production has increased demand for automotive coating materials that can provide superior corrosion resistance and protection against harsh environmental conditions.
- Increasing demand for eco-friendly coatings: The growing demand for environmentally friendly coatings is expected to drive the market for defoaming coating additives. The growing use of eco-friendly coatings to reduce paint and coatings' environmental impact is expected to drive demand for defoaming coating additives.
- Growing demand for powder coatings: The defoaming coating additives market is expected to be driven by rising demand for powder coatings. The growing use of powder coatings in a variety of end-use industries, including automotive, construction, and electronics, is expected to drive demand for defoaming coating additives.
- Increasing demand from emerging economies: The defoaming coating additives market is expected to be driven by rising demand from emerging economies such as India, China, and Brazil. Rising construction and automotive production in these countries are expected to drive demand for defoaming coating additives.
- Rising demand from the marine industry: The growing demand for defoaming coating additives in the marine industry is expected to drive the market. Rising demand for recreational and commercial vessels is expected to drive demand for defoaming coating additives, which are used to reduce foam formation in the paints used in these vessels.
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Water-based defoamer is the fastest-growing type segment in the global defoaming coating additives market during the forecast period
Water-based defoamers are surfactants that are employed in aqueous systems to lessen and stop foam production. They are an environmentally beneficial choice because they are made to mix well with water and other chemicals and don't contain any volatile organic compounds. They can be utilised in many different purposes, from industrial to domestic, and are non-toxic and biodegradable. Due to these features, they will see the quickest rate of growth in the defoaming coating additives market throughout the forecast period. Also, since water-based defoamers are suitable for use around food products and environments, they are being employed more frequently in the food and beverage industry.
Architectural is expected to be the largest application segment during the forecast period
Over the forecast period, the architectural application segment is anticipated to rule the global market for defoaming coating additives. Some of the reasons promoting the growth of this market segment include the rising demand for architectural coatings because of their higher performance, adaptability, and environmental friendliness. Moreover, the need for architectural coatings with high-performance attributes including water and UV resistance, durability, and low maintenance is predicted to expand. Moreover, the growing use of defoaming coatings in the residential and commercial sectors is anticipated to fuel the expansion of this market segment globally.
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Asia-Pacific is the largest and the fastest-growing regional segment of the defoaming coating additives market
The market for defoaming coating additives was dominated by the Asia-Pacific region. For the course of the prediction, the region is anticipated to maintain its dominance. This is explained by the rising demand for defoaming coating additives in the region's several industries, including paper & pulp, construction, aerospace, automotive, and the aerospace industry. Investments in technological advancements and the development of new products have increased in the region, and these developments are predicted to fuel the expansion of the local market. Also, throughout the forecast period, the Asia-Pacific defoaming coating additives market is anticipated to develop due to the presence of major coating additives producers in the area.
Some of the major players in this market include BASF SE (Germany), Dow Corning Corporation (U.S.), Elementis Plc. (U.K.), BYK-Chemie GmbH (Germany), among others.
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