Defoaming Coating Additives Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global defoaming coating additives market to grow at a CAGR of 6.27 % during the period 2017-2021.
The following companies as the key players in the global defoaming coating additives market: ALTANA, Ashland, BASF, Dow Corning, and Elementis.
Other Prominent Vendors in the market are: Allnex Belgium, Arkema, Evonik, Momentive, MÜNZING, and Wacker Chemie.
Commenting on the report, an analyst from team said:“ The latest trend gaining momentum in the market is adoption of eco-friendly coatings and additives. Green initiative is an eco-friendly objective that targets the reduction of greenhouse gases from the environment. This objective benefits, preserves, and protects the environment. To reduce pollution, the governments of many countries such as Germany, the US, Canada, and France are encouraging the use of emission-free materials such as water-based defoamers for paints and coatings.
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According to the report, one of the major drivers for this market is increasing adoption of water-based formulations than solvent-based formulations. In water-based formulations, water replaces organic solvents. This results in a reduction of solvent-based VOC emissions, which ultimately reduces the adverse effects of defoaming coating additives in the environment. Initially, only 20 % of the overall paints and coatings applications used waterborne defoaming coating additives. However, with the increase in the environmental emission regulations, the use of waterborne defoaming coating additives in paints and coatings has increased to approximately 55 % in 2015.
Further, the report states that one of the major factors hindering the growth of this market is stringent regulations concerning heavy and toxic metals. Paints and coatings are either solvent borne or waterborne. Paints and coatings include a toxic blend of several compounds, metals, and additives such as defoaming coating additives. They consist of organic solvents, chromium, mercury, cadmium, and lead. The use of these solvent-borne paints and coatings leads to emissions of hazardous pollutants.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.