Silicone Defoamer Market Growth, Share, Demand and Analysis of Key Players to 2024
The
India market for silicone defoamer is dominated by multinational
players, such as Momentive Performance Material Inc., Dow Corning
Corp., BASF SE, Clariant International AG, Evonik Industries AG,
Wacker Chemi AG, and Bluestar Silicones International, states a new
report by Transparency Market Research (TMR).
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With
only a few domestic participants operating in this market,
international players are actively involving in mergers and
acquisitions. The implementation of strict regulations on
VOC-emitting and non-biodegradable product in North America and
Europe are forcing many international players to invest as well as
expand its production bases in India. However, the rising focus of
government on expanding specialty chemical business, relaxation in
excise duty, and the enactment of GST bill implementation are likely
to help domestic players to enhance its core competence in the years
to come, reports the research study.
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As per
the research report, the overall opportunity in the India market for
silicone defoamer was worth US$197.9 mn in 2015. Researchers estimate
it to rise at a CAGR of 4.90% during the period from 2016 to 2024 and
reach a value of US$299.4 mn by the end of the forecast period.
During the same period of time, the market is likely to reach
64,605.2 tons in terms of volume, notes the study.
Water
Treatment to Continue as Prime Application Area of Silicone Defoamer
in India
The
research report presents an exhaustive analysis of the silicone
defoamer market in India. According to the study, the water
treatment, paints and coatings, pharmaceuticals, metalworking fluids,
food and beverages, and several other industries, such as pulp and
paper, textile, oil and gas, and the detergents, are the main
application areas of silicone defoamers. With a share of more than
26%, the water treatment industry emerged as leading application
segment of silicone defoamers in India in 2015.
Since
there is a scarcity of fresh drinking water in this country, the need
to clean wastewater to make it drinkable is reflecting greatly on the
demand for silicone defoamer. The increase in effluent treatment is
also adding considerably to the demand for silicone defoamers in
India. All these factors are pointing towards the continued dominance
of water treatment as the key application area of silicone defoamer
in this economy throughout the forecast period.
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The
demand for silicone defoamer is also expected to increase
substantially in the paints and coatings, metalworking fluids,
pharmaceuticals and the food and beverage industry over the next few
years, states the research report.
Rise
in Construction Sector to Fuel Demand for Silicone Defoamer Market
India
is one of the leading consumers of silicone defoamers across the
world. According to a researcher at TMR, “the rapid growth of the
construction sector across the country has boosted the demand for
paints and coatings, which in turn, has influenced the sales of
silicone defoamer in this country.” With the rising trend of
urbanization and industrialization and a significant increase in
population, a surge in the number of new building and construction
projects can be seen. This, as a result, is reflecting positively on
the India market for silicone defoamers.
Apart
from this, the augmenting demand for quality products is also
boosting this market considerably. However, regulatory issues and the
price volatility of raw materials may create hurdles in the growth
trajectory of this market in the near future, states the research
report.
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Silicone Defoamer Market Report is available at US$ 5795 -
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