Product ID: SQMIG15E2517
Report ID:
SQMIG15E2517 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
64 |
Figures:
69
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 additives are specialty chemicals that reduce the formation of foam and promote adhesion. They are extensively used in a wide variety of applications such as construction, automotive, furniture, etc. Rapidly expanding construction activity around the world and increasing automotive manufacturing are estimated to bolster demand for defoaming coating additives over the coming years. Surging demand for eco-friendly coating additives is forecasted to promote the demand for water-based defoaming coating additives in the long run. Rising investments in the R&D of high-performance coating additives to comply with changing demands and sustainability regulations are also driving market growth. Rapid expansion of the coatings industry and quick adoption of advanced technologies to develop high-performance coatings are also slated to augment the global defoaming coating additives market development going forward.
Defoaming coating additives market players should focus their efforts on the Asia Pacific region if they want to increase their global market presence as the demand for high-performance coatings from this region will soar high. The presence of key manufacturing industries and the availability of cheap labor in this region will also foster new opportunities for defoaming coating additives market players over the coming years.
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Product ID: SQMIG15E2517