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Defoaming Coating Additives Market by 2023 Strategies, Recent Developments, Companies and Regions
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The growing demand for clean formulations for decorative and coating requirements is also supporting the growth of the global defoaming coating additives market. The demand for defoaming coating additives is expected to increase owing to rise in demand for architectural coatings and growing focus on low-VOC content in the formulation. The demand is expected to grow further with improving economic conditions during the forecast period (2016-2022).
The global defoaming coating additives market has been segmented by type, application and region. Based on type, the market has been segmented into mineral oil-based defoamer, silicone-based defoamer, polymer-based defoamer, water-based defoamer, and vegetable oil-based defoamer.
Based on application, the market has been segmented into architectural, industrial, wood and furniture, and automotive. The key factors driving the demand for defoaming coating additives include growing automotive, industrial and architectural segments.
Geographically, the global defoaming coating additives market has been segmented into Asia-Pacific, North America, Europe and Rest of the World. Asia-Pacific is the fastest growing market for defoaming coating additives, followed by North America and Europe.
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The key players operating in the defoaming coating additives market are Ashland Inc., BASF SE, BYK Additives and Instruments, Elementis Plc, Evonik Industries AG, Momentive Performance Materials Inc. and Dow Corning Corporation.
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