The global antifoaming agent market is utilized in various end-user industries such as oil & gas, paints & coatings, pulp & paper, food & beverages, pharmaceutical, and others. Antifoaming agents are widely used as additives in industrial processes to prevent and eliminate foam during industrial processes. These antifoaming agents help minimize the effects of foaming in various processes like distillation, storage, transportation, and other operations.
The Global Antifoaming Agent Market is estimated to be valued at US$ 8.28 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global antifoaming agent market are BASF, Evonik Industries, Air Products and Chemicals, Inc., Wacker Chemie AG, DOW Corning Corporation, Mohini Organics Pvt. Ltd, Harmony Additives Pvt Ltd., Vizag chemical, Dadia Chemicals, Sri Saibaba Chemical Industries, CDH Fine Chemicals, Kemira, Ashland, Sinograce Chemical Company, Clariant AG. These key players account for approximately 35-40% of the global market.
The growth in demand for antifoaming agents from various end-use industries is expected to drive the global market during the forecast period. The increasing demand from the oil & gas, food processing, and pharmaceutical industries is expected to fuel market growth. The rising global oil production and increasing exploration & production activities are propelling the demand for antifoaming agents from the oil & gas industry.
Technological advancements to develop bio-based and environment-friendly antifoaming formulations is another key factor contributing to the growth of this market. Manufacturers are investing heavily in R&D activities to develop sustainable and green antifoaming agents using bio-based raw materials.
Market Trends
Growing demand for water-based antifoaming agents - With stringent regulations regarding the use of organic solvents, the demand for water-based antifoaming agents is increasing globally. They are considered environment-friendly and are preferably replacing solvent-based variants.
Increasing application in wastewater treatment plants - Foam control has become an important issue in various wastewater treatment processes like activated sludge treatment systems. This rising application of antifoaming agents in municipal and industrial wastewater treatment plants is anticipated to drive the market.
Market Opportunities
Rising market penetration in emerging economies - Emerging countries in Asia Pacific and Latin America regions offer significant growth opportunities due to rapid industrialization and infrastructure development activities.
Growing demand from the food & beverage industry - The increasing global packaged food and beverage consumption presents huge growth potential for antifoaming agent demand in various food processing applications like dairy processing.
Impact of COVID-19 on Global Antifoaming Agent Market
The COVID-19 pandemic has significantly impacted the growth of the global antifoaming agent market. Strict lockdowns and social distancing norms enforced globally led to complete shutdown of end-use industries such as petrochemicals, pulp & paper, and paints & coatings where antifoaming agents find widespread application. This severely affected demand for antifoaming agents in early 2020. However, with gradual resumption of industrial activities since mid-2020, demand started recovering. The demand is expected to reach pre-COVID levels by late 2022 to early 2023 as end-use industries operate at full capacity.
Going forward, manufacturers need to focus on developing innovative, sustainable product offerings. Eco-friendly antifoaming agents derived from natural sources can gain popularity in the post-COVID market. Establishing robust supply chain network and ensuring raw material security also remain key challenges. Collaboration with raw material suppliers and end-use industry players helps create demand-supply synergies. Investing in digital technologies allowsremote monitoring of plant operations and supply chain management. This helps maintain business continuity amidst unexpected disruptions.
Europe Dominates Global Antifoaming Agent Market in Terms of Value
Europe currently dominates the global antifoaming agent market in terms of value. The region accounted for over 35% market share in 2024 owing to presence of large petrochemical and pulp & paper industries. Stringent environmental regulations regarding use of toxic antifoaming agents also drive demand for eco-friendly products in the region. Germany, UK, France, Italy, and Spain are the major country markets in Europe.
Asia Pacific is the Fastest Growing Region in Global Antifoaming Agent Market
Asia Pacific is expected to be the fastest growing region in the global antifoaming agent market during the forecast period of 2024-2031. This can be attributed to rapid industrialization and infrastructure development activities underway in the region. Countries such as China, India, Japan, and South Korea are seen as highly lucrative markets. Abundant raw material availability and growing manufacturing base of end-use industries will continue propelling the demand for antifoaming agents in Asia Pacific.
Get more insights onย Antifoaming Agent Market