Asia-Pacific Defoaming Coating Additives constitutes 40.7% of Global Defoaming Coating Additives market and are poised to grow its market share to 42.9% by the end of year 2018
(PRWEB) June 10, 2014
Defoaming additives have the property to reduce and hinder the formation of foam in industrial process liquids. In industrial processes, foam poses serious problems, like causing defects on surface coatings. End-use industries, which include the architectural, industrial, and wood & furniture industries, have witnessed a strong use of defoaming additives for protection. The growing industrial development in emerging economies, especially in Asia, Middle East, and Latin America pushes the growth of this coating additive.
The Asia-Pacific defoaming coating additives market is expected to reach $533.81 million by 2018, to grow at a CAGR of 7.8% from 2013 to 2018. In terms of global coating additives consumption, APAC is the largest market in the world, followed by North America and Europe, and is also one of the most promising markets for defoaming coating additives, both in terms of production as well as consumption. Availability of cheap raw material and labor, coupled with upcoming domestic demand, enables this market to be the most attractive one for industry participants.
Browse through the market data tables, figures and detailed ToC on the “Asia-Pacific Defoaming Coating Additives Market”.
North American Defoaming Coating Additives Market
The North American defoaming coating additives market is expected to reach $357.74 million by 2018, to grow at a CAGR of 6.8% from 2013 to 2018. North America is the second-largest consumer of defoaming coating additives after Asia-Pacific. This market is driven by end-users in North America, which includes building and construction, automotive, industrial. These products have witnessed strong growth in the past few years, which is driving manufacturers to develop and launch more and improved products in the market.
European Defoaming Coating Additives Market
Europe’s defoaming coating additives market is expected to reach $197.62 million by 2018, to grow at a CAGR of 3.2% from 2013 to 2018. Europe is the third-largest consumer of coating additives globally. In 2013, Europe accounted for 18.7% of the global defoaming coating additives consumption. The growth of these industries, in turn, leads to the increased use and demand of defoaming additives. The major countries in Europe that consume defoaming coatings are Germany, the U.K., and France.
South American Defoaming Coating Additives Market
The South American defoaming coating additives market is expected to reach $98.81 million by 2018, to grow at a CAGR of 6.5% from 2013 to 2018. South America contributes to a small percentage in terms of global coating additives consumption. The economic downturn in South America has affected the region’s coating additive market leading to a slow volume growth. The reduction in the output of automotive and construction industries in many countries in South and Central America has resulted in decreased demand for coating additives in both industrial and architectural applications.
Middle East and African Defoaming Coating Additives Market
The Middle East and African defoaming coating additives market is expected to reach $57.39 million by 2018, to grow at a CAGR of 9.5% from 2013 to 2018. The construction industry in Saudi Arabia is shrinking due to the ongoing economic crisis. This, in turn, is expected to reduce the demand for coating additives in the country. Currently, the growth rate is quite high due to gradual industrial expansion.
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