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New Product Launches and Mergers & Acquisitions Were the Key Strategies Adopted by Top Players in Antifoaming Agent Market
The global market size of antifoaming agent was USD 5.29 billion in 2015 and is estimated to reach USD 6.59 billion by 2021, at a CAGR of 3.8% between 2016 and 2021. The major players adopted key strategies such as new product launches and mergers & acquisitions. The major antifoaming agent manufacturers are also focusing on mergers & acquisitions to strengthen their market position by increasing their share in the antifoaming agent market.
Major players operating in the global antifoaming agent market are Air Products and Chemicals Inc. (U.S.), Dow Corning Corporation (U.S.), Evonik Industries (Germany), BASF (Germany), Kemira (Finland), Ashland (U.S.), Elements Plc. (U.K.), and Shin-Etsu Chemical Company Ltd. (Japan).
Air Products and Chemicals Inc. (U.S.) is one of the leading antifoaming agent manufacturers, globally. The company has been focusing on new product launches to maintain its leading position in the market. For instance, in February 2016, the company launched a new product, Surfynol 107L under the molecular defoamers category. It is a non-foaming, surface active, and non-ionic wetting agent suitable for low-VOC formulations. This helped the company to strengthen its position in the global antifoaming agent market.
Evonik Industries AG (Germany) is another major player in the global antifoaming agent market. The company has been focusing on capacity expansions and mergers & acquisitions as part of its strategic development activities. In March 2016, Evonik participated in a bid to meet rising demand of specialty silicone products in Asia-Pacific. The company planned to construct a production facility in Shanghai, China that is expected to be completed by mid of 2017. Specialty silicones are generally used in car seats, furniture, and ergonomic mattresses. This development helped the company to cater to the rising demand of antifoaming agent. In May 2016, Evonik completed the acquisition of specialty and coatings additive business of Air Products and Chemicals Inc. (U.S.). The acquisition further strengthened the company’s foothold in the North American and Asia-Pacific markets.
This report provides a detailed analysis of the antifoaming agent market and segments the same based on type, application, and region. Based on type, the market has been segmented as water-based, oil-based, and silicone-based. Based on application, the market has been segmented as pulp & paper, oil & gas, paints & coatings, water treatment, detergents, food & beverage, pharmaceuticals, textile, and others. Based on region, the market has been segmented as North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Antifoaming Agent Market by Type (Water Based, Oil Based, and Silicone Based), Application (Pulp & Paper, Oil & Gas, Food & Beverage, Paints & Coatings and Water Treatment) & by Region - Global Forecast to 2021
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