Antifoaming Agent Market - Forecast(2023 - 2028)

Antifoaming Agent Market size is forecast to reach $8.29 billion by 2025 after growing at a CAGR of 4.8% during 2020-2025. Antifoaming agent is chemical additive that reduces the formation of foam in industrial process liquids. The growth of the market of antifoaming agent is expected to be driven by the high demand from the food and beverages industry.

The report: “Antifoaming Agent Market -Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of antifoaming agent industry.

By Type: Water Based, Oil Based, Silicone Based, Alkyd Based, Polymer Based and Others

By Application: Adhesives, Coatings, Detergents, Wood Pulp, Food Processing, Wastewater Treatment and Others. 

By End Use: Oil and gas, Paint and coatings, Food and Beverages, Pharmaceuticals, Textile, Pulp and Paper, Industrial and Others. 

Geography: North America, South America, Europe, APAC, and RoW.

Silicone based antifoaming agents held the largest share in the antifoaming agents market in 2019. Silicone based antifoaming agents have properties such as low surface tension, chemical inertness, thermal stability, and complete solubility in water. These antifoaming agents have heavy duty type and are suitable for neutralizing surface foam and to release the entrained air in non-aqueous foaming applications. Hence, they have been finding preferential application in crude oil refineries. Silicone based antifoaming agents contain less volatile organic compound due to the environmental regulation passed by the North America and Europe government. This antifoaming agents are high in demand as compared to other chemicals due to its optimal reactivity with process ingredients and long operation life. This factor will drive the growth of market of silicone based antifoaming agents in the forecast period. 

Food Processing held the largest share in the antifoaming agents market in 2019. Food grade antifoaming agents are used to reduce and prevent foam formation. Foam is a byproduct formed during processing of food. It is also used in the fermentation process in breweries to drain out the foam and offer optimize efficiency. The food processing industry is a mature sector that is undergoing a tumultuous phase due to rising global demands for food safety, increasing food insecurity and increasing customer demand for higher quality and sustainability. Today's food supply chain is more globalized, longer and more dynamic than ever before. With increasing imports and exports, processed foods rely on longer supply chains, which pose a major challenge to ensuring food safety.

Pharmaceuticals sector held the largest share in the antifoaming agents market in 2019 with a share of 7.3%. Antifoaming agent are used for pharmaceutic fermentation in antibiotics and enzymes. Among these the growing and aging population, rising prevalence of chronic diseases are major drivers in the growth of pharmaceutical sector globally. In the United States, overall spending growth in pharmaceutical is driven by a range of factors including new product uptake and brand pricing, while it is offset by patent expiries and generics. Pharmaceutical spending in Japan totaled $86 billion in 2018. In Europe, cost-containment measures and less growth from new products contribute to growth of 1−4%, compared to the 4.7% compound annual growth seen over the past five years. Pharmaceutical spending in China reached $137 billion in 2018 and is expected to reach $140−170 billion. These factor will drive the growth of the market of pharmaceuticals in the forecast period.

The 2019–2020 coronavirus pandemic has had far-reaching consequences beyond the spread of the disease and efforts to quarantine it. As the pandemic has spread around the globe, concerns have shifted from supply-side manufacturing issues to decreased business. The current epidemic outbreak has deeply influenced consumers' daily life and in addition to the impact on pharmaceutical sector. About 90% of the needs of antibiotic makers in globally is fulfilled by China. Raw materials from China are used in making antibiotics, paracetamol, and diabetes and cardiovascular drugs, among others are not exported. This factor will hinder the growth of market for this year. But after the situation became normal it will grow at a steady rate in the forecast period.

APAC dominates the antifoaming agents market with a share of 41% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth the oil and gas sector. Antifoaming agent are used in crude oil refinery as it helps in reducing frothy crude oil production by eliminating foam from tanks or gas scrubbers. The oil and gas sector plays a major role in influencing decision making for all the other important sections of the economy. According to the trade map the total export of light crude oil globally in the year 2019 was 7.73 million barrel. This factor will drive the growth of the market of oil and gas sector in the forecast period.

High demand of crude oil across the world is expected to drive the global antifoaming agent’s market growth. However, other non-renewable energy resources are not capable of fulfilling the growing demand. Oil and gas is one of the largest energy resources in the world; hence, it becomes essential to use and distribute crude oil in the productive and efficient way. This factor will drive the growth of market in the forecast period.

The coatings industry is one of the most heavily regulated industries in the world, so producers have been forced to adopt low-solvent and solvent less technologies in the past 40 years, and will continue to do so. The number of coatings producers is large, but most are regional producers. This factor will drive the growth of market in the forecast period.

Tremendous hike in the crude prices and global recession will hinder the growth of the market. This was on the back of a deepening slowdown in the world economy as the outbreak of novel coronavirus has spread across the globe and a price war between major oil producing countries like Saudi Arabia, Iran and Russia. These factor will hinder the growth of the market in the forecast period.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the antifoaming agents market. In 2019, the market of antifoaming agents has been consolidated by the top five players accounting for xx% of the share. Major players in the antifoaming agents market are BASF, Evonik Industries, Air Products and Chemicals, Inc., Wacker Chemie AG, DOW Corning Corporation, and Others.