Global Defoaming Coating Additives Market

Global Defoaming Coating Additives Market Size, Share, Growth Analysis, By Technology(Water-Borne, and Solvent-Borne), By Application(Building & Construction, Automotive Coatings) - Industry Forecast 2024-2031

Report ID: SQMIG15E2517 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 69

Global Defoaming Coating Additives Market News

  • In October 2023, Evonik, a renowned specialty chemical provider based in Germany, announced the launch of a new defoaming agent targeted towards coating applications. TEGO Foamex 8880 was launched as an addition to Evonik’s existing TEGO Foamex coating additive product range.
  • BASF, a leading German chemical company, announced that it had increased its production capacity for its defoamer facility based in Turkey back in November 2023. This move was made to help the Dilovasi plant fulfil the demand for defoaming coating additives from regions such as the Middle East, Europe, and Africa.
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The global defoaming coating additives market size was valued at USD 1.9 billion in 2022 and is poised to grow from USD 1.99 billion in 2023 to USD 2.92 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

Defoaming coating additive manufacturers can localize their manufacturing operations to improve profitability and compete with regional market players. Companies can also focus on incorporating sustainability in their manufacturing process to attract eco-conscious consumers. Collaborations, mergers, acquisitions, and partnerships are forecasted to be popular strategies that will allow defoaming coating additive companies to expand their global presence and market share. Defoaming coating additive vendors are continually investing in R&D to make new products that can address demand from different industry verticals. 'BYK Additives and Instruments', 'Evonik Industries AG', 'Arkema S.A.', 'Ashland Inc.', 'Altana AG', 'Momentive Performance Materials Inc.', 'Elementis Plc', 'Clariant AG', 'Guangdong Zilibon Chemical Co. Ltd.', 'Harmony Additive Pvt. Ltd.', 'BASF SE', 'Munzing Corporation', 'Dow Corning Corporation', 'Allnex'

Rising disposable income, urbanization, and industrialization are key factors that have resulted in increased construction activity worldwide. Defoaming coating additives are extensively used in different construction applications and thereby drive market growth as well.

Use of Nanotechnology: Companies can focus on utilizing nanotechnology and other advanced technologies to enhance the performance of defoaming coating additives. Growing focus on increasing the efficacy of additives around the world is slated to promote the adoption of novel technologies in this marketplace.

The Asia Pacific region dominates the global demand for defoaming coating additives at present. The presence of robust automotive manufacturing and coatings industries in this region contributes to the high market share. Increasing industrialization and urbanization have led to expanding construction activity in the Asia Pacific region, which in turn, is forecasted to bolster sales of defoaming coating additives. With China leading the market growth in this region, India and Japan are also slated to be highly opportune markets for defoaming coating additives companies going forward.

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Global Defoaming Coating Additives Market

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