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                  COMPANY NEWS

                  Global coating additive defoamer will reach $1 billion in 2021

                  release time:2019-06-03

                  According to a recent research report released by research institute Markets and Markets, the global coating additive defoamer market size in 2015 was about 748 million US dollars, affected by global population growth, urbanization, industrial development, environmental regulations and sustainable development. Stimulated by factors such as policies, it is estimated that by 2021, the market size will reach 1.0342 billion US dollars, with a compound annual growth rate of 5.6%. There are many defoamers, and the data show that the 2015 aqueous defoamer is the second largest defoamer variety. It is expected that the growth rate of this variety will be the highest between 2016 and 2021. The study also pointed out that this type of defoamer is cost-effective and can be appropriately adjusted in the formulation design according to the specific requirements of the user. In 2015, the largest application area of ??defoamer was in the architectural engineering coatings industry. As users' demands for quality and personalization of home and business places became higher and higher, the consumer demand for defoamers in the construction sector will increase. The analysis pointed out that in 2015 Asia Pacific was the largest consumer market for defoamers, followed by North America and Europe. The Asia-Pacific region's economic growth is relatively fast, disposable income is rising, industrial production continues to rise, and the automobile manufacturing industry is growing strongly. These factors are the driving force for increased demand in the defoamer market in the region. Major manufacturers of defoamers include: BASFSE (Germany), Dow Corning Corporation (USA), Elementis Plc. (UK), BYK-Chemie GmbH (Germany), and others.