Transparency Market Research has published a new research “Defoamers Market - Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” to their report store.
Albany, NY -- (SBWIRE) -- 01/09/2017 -- The defoamers market in Latin America is fragmented, with the presence of several global and domestic players. Some of the prominent names in the Latin America defoamers market are Dow Corning Corporation, Ashland, Inc., Evonik Industries AG, Air Products and Chemicals, Inc., and Bluestar Silicones. Valued at US$196.2 mn in 2014, the defoamers market in Latin America is estimated to reach US$273.1 mn by 2023, rising at a CAGR of 3.8% during the forecast period of 2015–2023.
The market for defoamers in Latin America is primarily driven by the increasing demand for defoamers in pulp and paper, water treatment, and paints and coatings industries. However, factors such as regulatory issues are hampering market growth. Currently, alternative manufacturers focus on product innovation and customized solutions to increase their market share.
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Water-based Defoamers Dominate Product Segment
By product, the Latin America defoamers market is segmented into water-based defoamers, oil-based defoamers, silicone-based defoamers, and others including EO or PO based defoamers. By application, this market is segmented into paper and pulp, water treatment, paints and coatings, food and beverages, and others including pharmaceuticals, mining, printing, and agricultural chemicals. The silicon-based defoamers segment dominated the defoamers market in Latin America in terms of volume in 2014. Demand for silicone-based defoamers stood at 83.8 kilo tons in the region in 2014 and is anticipated to reach 110.8 kilo tons by 2023, rising at a CAGR of 3.2% from 2015 to 2023. Oil-based defoamers and water-based defoamers are estimated to be second and third most prominent product segments, respectively.
By application, pulp and paper application segment dominated the defoamers market in Latin America in 2014. The demand for the segment stood at 56.1 kilo tons in 2014 and is projected to expand at a CAGR of 3.4% during the forecast period of 2015–2023, reaching a volume of 75.7 kilo tons by 2023. Brazil accounts for the most prominent country-wise market for defoamers in Latin America. In terms of application, the pulp and paper application segment dominated the defoamers market in Brazil, accounting for 34.9 kilo tons in 2014.
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Paints and Coatings Applications Propelling Demand
Defoamers play a crucial role in pulp and paper mills, as these help lower the problem of foam, which is the primary driver in the Latin America market for defoamers. Also, the growth in water treatment application is projected to boost the market because water and its quality is an important aspect for human life and commercial purpose. Defoamers help in controlling foam in order to achieve regulatory compliance and avoid community relation problems. Defoamers also help in improving the aeration basin foam control by reducing airborne bacteria. Moreover, increasing demand in paints and coatings application is predicted to propel the defoamers market in Latin America. Conversely, regulatory issues are anticipated to hamper the growth rate of the market during the forecast period.
According to the author of the report, "The rapid growth in the food and beverages industry will extend the demand for defoamers in near future. Defoamers are employed in fried foods such as potato chips, fried chicken, chicken nuggets, and french frieds in the fast food industry. Silicone-based defoamers such as polydimethylsiloxane is used in most soft drinks, while cooking oil contains defoamers to prevent the formation of foam while deep frying."
Key Segments of the Latin America Defoamers Market
Defoamers Market – Latin America Product Segment Analysis
-Others (EO/PO-based Defoamers, etc.)
Defoamers Market – Latin America Application Analysis
-Paper and pulp
-Paints & Coatings
-Food & Beverages
-Others (Pharmaceuticals, Mining, Printing, Agricultural Chemicals, etc.)
The information presented in this review is based on a Transparency Market Research report, titled, "Defoamers Market - Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023."