Market Overview:
The Antifoaming Agent Market size is estimated to reach $10.13 Billion by 2030, growing at a CAGR of 4.1% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Antifoaming Agent Market – By Type (Water Based, Oil Based, Silicone Based, Alkyd Based, Polymer Based, and Others), By Application (Adhesives, Coatings, Detergents, Wood Pulp, Food Processing, Wastewater Treatment, and Others), By End Use (Oil & gas, Paint & coatings, Food & Beverages, Pharmaceuticals, Textile, Pulp & Paper, Industrial, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Growth in industrial applications and Sustainability and eco-friendly products are expected to create growth opportunities in the market during forecast period.
APAC Dominated the Market in 2023:
APAC accounted for the largest share of 48% of the Antifoaming Agent Market in 2023 followed by North America and Europe. APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth the oil and gas sector. Antifoaming agent are used in crude oil refinery as it helps in reducing frothy crude oil production by eliminating foam from tanks or gas scrubbers. The oil and gas sector plays a major role in influencing decision making for all the other important sections of the economy.
Antifoaming Agent Market: Key Takeaways
Increasing Demand in Water Treatment:
As industries become more aware of environmental regulations and the importance of clean water, there is a growing emphasis on wastewater treatment processes. Antifoaming agents play a critical role in these applications by minimizing foam formation, which can hinder the efficiency of water treatment operations. With sectors such as municipal wastewater treatment, industrial effluent processing, and the production of potable water expanding, the requirement for high-performance antifoaming agents is intensifying. Furthermore, technological advancements in formulations are enhancing the performance and effectiveness of these agents, making them indispensable in ensuring that treatment processes are efficient and compliant with stringent environmental standards.
Shift Towards Eco-friendly and Sustainable Products:
As consumers and industries alike become more environmentally conscious, there is a growing demand for biodegradable and non-toxic antifoaming agents. Traditional formulations often contain petroleum-based ingredients, which raise concerns regarding their environmental impact and safety. In response, manufacturers are increasingly developing plant-based and biodegradable alternatives that not only perform effectively but also align with sustainability goals. This transition is particularly evident in sectors such as food and beverage, pharmaceuticals, and cosmetics, where compliance with environmental regulations and consumer preference for greener products is paramount. Companies are investing in research and development to innovate sustainable formulations, contributing to a more eco-friendly approach in the antifoaming agent market.
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Scope of the Report:
Recent Developments:
- In Oct 2023, Evonik Launches New Defoaming Agent that Combines the Best Properties of Silicone and Bio-Based Materials. The new product is targeted at water-based ink and coating applications, uses a unique new mixing technology, contains more than 50% bio-based materials in the solid content, and complies with multiple food contact regulations.
- In May 2023, Jio-bp launches new diesel that offers saving of Rs 1.1 lakh per truck annually. It is designed to work across a range of commercial vehicles, and with ongoing use it offers a variety of benefits to drivers and fleet owners. It contains an anti-foam agent that helps deliver cleaner, faster, and safer refueling, so trucks can spend more time on the road and less time at the pump.
Antifoaming Agent Market: Competitive Landscape
Key companies profiled in the Antifoaming Agent Market are BASF, Evonik Industries, Air Products and Chemicals, Inc., Wacker Chemie AG, DOW, Clariant AG, Ecolab Inc., Shin-Etsu Chemical Company Ltd., Kemira Oyj, Ashland Inc., and Others.
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