Market Size of Defoaming Coating Additive Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Defoaming Coating Additive Market Analysis
The market for defoaming coating additive is expected to grow at a CAGR of over 4% during the forecast period. Extensive use of defoaming coating additives in the construction sector for developing emulsion paints and coatings is expected to drive the market growth. Increased demand from wood & furniture industries is also expected to propel its market where these additives are heavily used to manufacture wood paints and primers. On the flip side, slow down in global automotive production has hindered the growth of the market.
- Demand from the building and construction industry is on the rise because of the rapid urbanization which is a key factor boosting the growth of the defoaming coating additive market.
- Future opportunities will arise from developing new defoamers that comply with food contact regulations for adhesives, paper coating applications, and packaging.
- Asia-Pacific is forecasted to be the fastest-growing market owing to booming building & construction and industrial sectors where defoaming coating additives find diverse applications.
Defoaming Coating Additive Industry Segmentation
The defoaming coating additive market report includes:
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Defoaming Coating Additive Market Size Summary
The defoaming coating additive market is poised for growth, driven primarily by its extensive application in the construction sector, particularly in the development of emulsion paints and coatings. This demand is further bolstered by the wood and furniture industries, where these additives are crucial for manufacturing wood paints and primers. However, the market faces challenges due to a slowdown in global automotive production, which has impacted growth. The rising demand from the building and construction industry, fueled by rapid urbanization, is a significant factor propelling the market forward. Future opportunities are anticipated in the development of new defoamers that meet food contact regulations for various applications, including adhesives, paper coatings, and packaging.
The Asia-Pacific region is expected to be the fastest-growing market, driven by robust economic growth and industrial expansion in countries like China, India, and Vietnam. This region's dominance is supported by its large share in the global construction industry, which is projected to continue its upward trajectory. The defoaming coating additives play a crucial role in ensuring smooth finishes and reducing VOC emissions in paints and coatings, contributing to their increasing demand. Despite challenges in the automotive sector, the overall market for defoaming coating additives is expected to experience significant growth, with key players such as BASF SE, Dow, Evonik Industries AG, Momentive, and Elkem Silicones actively participating in this fragmented market.
Defoaming Coating Additive Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rapidly Growing Demand from the Building & Construction Industry
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1.1.2 Increasing Demand from Wood & Furniture Industry
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1.2 Restraints
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1.2.1 Slowdown in the Global Automotive Production
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1.2.2 Others
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Water-based Systems
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2.1.1.1 Silicone
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2.1.1.2 Emulsion
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2.1.1.3 Polymer
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2.1.1.4 Powder
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2.1.1.5 Others
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2.1.2 Solvent-based Systems
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2.1.2.1 Polymer
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2.1.2.2 Silicone
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2.2 End-user Industry
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2.2.1 Building & Construction
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2.2.2 Automotive
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2.2.3 Wood & Furniture
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2.2.4 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Defoaming Coating Additive Market Size FAQs
What is the current Defoaming Coating Additive Market size?
The Defoaming Coating Additive Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Defoaming Coating Additive Market?
BASF SE , Dow, Evonik Industries AG , Momentive and Elkem Silicones are the major companies operating in the Defoaming Coating Additive Market.