Study Predicts Growth in Market for Anti-Foaming Agents
PUNE, India — According to a study by Brand Essence Market Research and Consulting, the increasing use of anti-foaming agents in the bioprocess market and higher adoption of water-based formulations over solvent-based formulations are the key factors driving growth in the global market for anti-foaming agents. The report values the global anti-foaming agents market at $5563.03 million in 2018 and expects the market to reach $8644.87 million by 2025, anticipating a compound annual growth rate of 6.51% over the forecast period.
Anti-foaming agents are chemical flavors that minimize and stop the formation of foam. They are mainly used in industrial process liquids to reduce the formation of foam, which is a major problem faced while developing coatings and printing inks. Foams cause defects in surface coatings, inefficiency in the processing, storage instability, and other losses. Anti-foaming agents have high surface-active properties and low viscosity. The global anti-foaming agents market is mainly driven by continuously expanding applications in the chemical industry and an increase in demand from emerging economies. In addition, environmental concerns and regulatory guidelines regarding release of effluents through different industries, as well as control of VOC emissions, are other factors expected to support market growth.