Explore The Future of Defoaming Coating Additives Market - Trends, Growth and Analysis| ELEMENTS PLC, Ashland, Clariant, SAN NOPCO LIMITED, among others
The global defoaming coating additives market is estimated to be valued at USD 748.0 million in 2015 and is projected to grow at a CAGR of 5.6% between 2016 and 2021 to reach USD 1,034.2 million by 2021. The Asia-Pacific region is estimated to lead the market in 2016, followed by North America and Europe. Rising demand from Asia-Pacific, increasing demand for environment-friendly products, and growing demand from the construction industry are expected to drive the global defoaming coating additives market during the forecast period.
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Most of the companies in this market have a wider presence in North America and Europe regions. The top three leading companies, BYK-Chemie GmbH (Germany), BASF SE (Germany), and Arkema S.A. (France), have their presence in all regions. Major companies in the defoaming coating additives market are focusing on Asia-Pacific region because of high CAGR of developing economies such as China and India and also due to the growing demand for defoaming coating additives from these countries. The key players in this market are focusing on expanding their production capacity to achieve competitive advantage.
Key players operational in the market are majorly focusing on new product launches along with acquisitions. Companies are adopting these strategies for capacity expansion of existing facilities and installation of new facilities to achieve better performance qualities, economies of scale, product innovation, and to simultaneously address the increasing demand of defoaming coating additives.
In April 2016, Münzing Chemie GmbH introduced a water-based defoamer AGITAN 108. AGITAN 108 is an emulsion with excellent stability and defoaming persistency. This defoamer has helped the company in gaining a competitive edge through its advanced properties such as cost-effectiveness, excellent compatibility, very fast action, and good control of foam even at low levels.
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Apart from new product launch, the strategy of acquisitions is also adopted by key players operational in the defoaming coating additives market. In April 2013, Elementis PLC purchased the assets of Hi-Mar Specialty Chemicals (Hi-Mar), a coatings additives company, through its wholly-owned subsidiary Elementis Specialties. Hi-Mar is a supplier of defoamers to the coatings, construction, and oilfield drilling industries, with manufacturing and technical facilities based in Milwaukee, Wisconsin. Through this acquisition, the company successfully expanded its customer base in coating additives segment.
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