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) Read More

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. Read More

Which is the fastest growing region in Defoaming Coating Additive Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Defoaming Coating Additive Market?

In 2024, the Asia Pacific accounts for the largest market share in Defoaming Coating Additive Market. Read More

What years does this Defoaming Coating Additive Market cover?

The report covers the Defoaming Coating Additive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Defoaming Coating Additive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Defoaming Coating Additive Market Trends

Statistics for the 2023 & 2024 Defoaming Coating Additive market trends, created by Mordor Intelligence™ Industry Reports. Defoaming Coating Additive trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Defoaming Coating Additive Industry

This section covers the major market trends shaping the Defoaming Coating Additive Market according to our research experts:

Booming Construction Sector is Driving the Market

The major factor driving the growth of the global defoaming coating additive market is the booming buildings & construction industry.
By restricting the formation of foam during the production and application of paint, defoaming additives ensure a smooth appearance and even finish on the surface of the buildings. It also helps in reducing the VOC emissions and other features involve excellent dispersion stability, gloss enhancement, boosted stain resistance and improved quality.
The market value of global paints and coatings industry was worth about USD 153.9 billion in 2019 and is expected to rise to USD 200 billion by 2024.
The global expenditure of the construction industry is assessed to be USD 11 trillion in 2019 and is projected to reach around USD 14 trillion by 2025, thereby ought to surge the demand for defoaming coating additives.
Hence the aforementioned factors are forecasted to drive the global market of defoaming coating additives during the forecast period.

Understand The Key Trends Shaping This Market

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Asia-Pacific Region to Dominate the Market

Asia-Pacific region accounts for the largest share in the global defoaming coating additive market and it is also forecasted to be the fastest-growing region over the forecast period.
High economic growth and rapid industrial expansion in emerging countries like India, China, Malaysia, Vietnam, etc. from the region are likely to foster the growth of the market in the region.
The projected growth of the global construction industry is 3.6% per annum until 2022, out of which Asia-Pacific will continue to account for the largest share.
In 2019, the market value of the paints & coatings industry of the Asia-Pacific region was about USD 76.5 billion. This is forecasted to propel to reach a total of USD 106 billion by 2024, making Asia-Pacific the largest consumer-based on value.
The automotive production in China and India which represents the largest global automobile producers has witnessed huge slowdown in 2019 and hence, thereby reducing the demand for the market studied.
Hence, from the above mentioned factors, the demand for defoaming coating additive is expected to grow considerably in Asia-Pacific region over the forecast period.