Silicone Antifoam Market Forecast & CAGR
According to latest research, Silicone Antifoam market is set to witness steady growth during 2021-2031 owing to exploration of new application areas, and increasing demand from traditional end use industries especially from pulp & paper sector, which is expected to drive the growth of the market.
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What is Driving Demand for Silicone Antifoam Market?
The adoption of innovative chemical additives in the prevention of froth formation in various application has always been on the rise. Owing to their good thermal stability, high de-foaming ability, and chemical stability, silicone antifoam is broadly accepted as physiologically inherent antifoaming agent across all industries. They find a wide range of applications in areas such as water treatment, oil & Gas, Paints & coatings, pharmaceuticals industries and among others. Manufacturers are witnessing significant sales opportunities in the pulp & paper industry. End users in this area are resorting to this antifoaming agent to bolster the drainage of kraft pulp stock and sulfate stock in various industrial processes. However, with the industry rapidly moving towards sustainability, the inclination towards bio based products and energy conservation is growing across these industrial applications.
Nevertheless, manufacturers are focusing on enhancing the use of antifoam for its efficiency and unique benefits in helping end users reach their sustainability targets. Manufacturers are striving to design innovative manufacturing processes that can improve the performance of silicone based antifoaming agents over their organic counterparts. Through research & development activities, manufacturers are also trying to eliminate the downside of using silicone antifoam. End users continue to face challenges such as risk of deposition, dosage, robustness and emulsification with the use of silicone antifoam in the industrial applications. Manufacturers are trying to come up with solutions for end users to reduce the risk of deposition and other challenges, which can ultimately uplift the sales of silicone antifoam in the near future. The demand is expected to remain high across developed as well as developing nations. The application in emerging industries in these regions is likely to grow strong, and this will largely impact the business strategies of the market participants. Manufacturers must also focus on diversifying the end user base in order to boost business, given the dynamic market conditions in a world that is recovering from a global pandemic.
U.S. Silicone Antifoam Market Outlook
The expanding paper and pulp industry in the region is expected to provide lucrative opportunities in the market during the forecast period. Based on quantitative analysis, paper & pulp segment in U.S. is expected to hold around one third of market volume share and is anticipated to grow at a CAGR of 3-5% during the forecast period.
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Europe Demand Outlook for Silicone Antifoam
Since last few years, food & beverages industry was the leading application segment in the Europe region. This segment is expected to offer significant incremental growth opportunities for the silicone antifoam market by the end of the forecast period. Among the European Union countries, Germany is expected to provide lucrative opportunities and is expected to expand at a CAGR of between 4-6%.
Who are the Key Manufacturers and Suppliers of Silicone Antifoam Market?
Some of the leading manufacturers of Silicone Antifoam market includes:
- Dow Corning Corporation
- BASF SE
- Ashland Inc.
- Evonik Industries AG
- Air Products and Chemicals Inc.
- KCC Basildon
- Wacker Chemie AG
- Bluestar Silicones
- CLARIANT
- Elementis Plc
- Others
Leading market players are highlighting the potential impact of these antifoams on the environmental driven industrial trends. Mainly in the pulp & paper industry, manufacturers are likely to capitalize on the excellent antifoam performance, sustainability and enhanced robustness of silicone formulations. With the rise in acceptance of this antifoam product as a contributor to sustainability, the demand is expected to remain significantly high in pulp & paper industry. The key players have been focusing on sustainable development to increase regional as well as global market share and leadership in the market by focusing on reducing carbon emission footprint, and reducing energy use and simultaneously increasing product yield are some of the key strategies adopted by key players.
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