by The global antifoaming agent market comprises silicone-based and non-silicone-based antifoaming agents that are used to inhibit and reduce foam formation in various industrial processes like wastewater treatment, oil & gas production, pulp & paper manufacturing among others. Antifoaming agents prevent bubble formation between liquid surfaces and decrease surface tension in foams.
The Global Antifoaming Agent Market is estimated to be valued at US$ 8.28 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global antifoaming agent market are BASF, Evonik Industries, Air Products and Chemicals, Inc., Wacker Chemie AG, DOW Corning Corporation, Mohini Organics Pvt. Ltd, Harmony Additives Pvt Ltd., Vizag chemical, Dadia Chemicals, Sri Saibaba Chemical Industries, CDH Fine Chemicals, Kemira, Ashland, Sinograce Chemical Company, Clariant AG. Key players are investing in research & development to develop bio-based antifoaming agents to meet regulatory norms.
The increasing Antifoaming Agent Market Demand from industries like oil & gas, paints & coatings, pulp & paper, textiles, food & beverages and construction is propelling the growth of the global antifoaming agent market. Changing consumer preferences and rising disposable income in developing nations are projected to drive product demand over the forecast period.
The global antifoaming agent market is witnessing expansion in regions like Asia Pacific and South America due to rapidly growing manufacturing sector. Countries like China, India and Brazil are expected to emerge as high growth markets due to large manufacturing output in core sectors using antifoaming agents.
Market key trends
One of the key trends in the global antifoaming agent market is the development of bio-based antifoaming agents. Strict environmental regulations banning the use of carcinogenic chemicals and volatile organic compounds are encouraging manufacturers to develop plant-based antifoaming agent formulations. Leading players are investing in R&D to commercialize greener antifoaming products made from natural oils and biodegradable ingredients. Moreover, the rising adoption of water-based antifoaming agents across various industries due to their low toxicity profile is also shaping the market trends. Water-based antifoaming agents are anticipated to witness high demand over the forecast period.
Porter’s Analysis
Threat of new entrants: Entering the market requires high initial investments in R&D, manufacturing facilities and marketing which limits the threat of new entrants.
Bargaining power of buyers: Global antifoaming agent market has large number of both international and domestic buyers with significant bargaining power. However, differentiated products of key players reduces the impact.
Bargaining power of suppliers: The market has large number of suppliers but key ingredients like silicone oil are supplied by very few players which enhances their bargaining power.
Threat of new substitutes: Existing substitutes like vegetable oils face limitations in high temperature industries. Innovation is crucial to develop better substitutes.
Competitive rivalry: The market is dominated by multinational giants. Intense competition on pricing and new product development keeps the rivalry high.
Geographical Regions
North America dominated the global market in terms of value in 2024 owing to vast processing industries in countries like US and Canada. Asia Pacific is expected to be the fastest growing region during the forecast period due to expansion of end use industries in China and India.
Growing industrialization in India, Indonesia and Vietnam is attracting many chemical companies to invest in new facilities. This is supporting the antifoaming agent demand in Asia Pacific region. Countries like Germany, UK, Italy and Russia are also major markets in European region. Globally increasing processed food consumption is propelling the antifoaming agent usage.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
