Bulk & Specialty Chemicals
Defoamers market outlook: Heavy demand across pulp & paper sector to influence the industry growth over 2016-2024
Defoamers market is expected to display a remarkable growth over the next few years, driven by its wide applications across pulp & paper, water treatment, food & beverages, and paints & coating sectors. Global pulp & paper sector, whose revenue was estimated at over USD 550 billion in 2015, is projected to observe a high growth over the next few years. As per Global Market Insights, Inc., reports “Defoamers industry size is forecast to reach a revenue margin of USD 4.3 billion by 2024.” In addition to this, wastewater treatment chemicals market size, which is escalating rapidly is also a chief growth factor for the defoamers industry share. Food sector, where application of defoamers is gaining high popularity, owing to its use as an additive to prevent formation of foam in ready-to-eat foods will not only drive the defoamers industry, but will also supplement the food additives market growth significantly.
Major products in the defoamers business space are classified as oil-based, water-based, and silicone-based products. Water-based defoamers market is likely to witness a rapid growth over the coming timeframe, having attained a revenue of over USD 550 million in 2015. The growth can be attributed to the high environmental benefits provided by the product. High product demand across pulp & paper sector is expected to boost silicone-based defoamers industry growth over the coming seven years.
U.S. Defoamers Market size, by application, 2015 & 2024 (USD Million)
Pulp & Paper is a major application area, predicted to create lucrative growth opportunities for defoamers market over the next few years. As per the research study, pulp & paper application is likely to witness a significant surge over the period of 2016-2024, driven by the rising demand across end-user sectors such as stationery and packaging. Water treatment sector, which is estimated to grow at a rate of 4.5% over the period of 2016-2024, will drive defoamers industry growth in the near future. Rising concerns over the pollution of environment and water bodies are expected to encourage the growth.
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Below are the regional highlights pertaining to the defoamers industry over 2016-2024
- Asia Pacific defoamers industry, which accounted for 35% of the overall revenue in 2015, is anticipated to witness the fastest growth over coming timeframe. Rapidly expanding agrochemicals and pulp & paper sectors are expected to drive the regional growth. Malaysia, China, Indonesia, and India are expected to be the key regional revenue contributors
- North America defoamers market size is expected to witness a moderate growth over the coming seven years, surpassing USD 800 million by 2024
- Europe defoamers market value estimated at USD 650 million in 2015, is expected to experience lucrative growth over the next few years, driven by emerging packaging sector in the region
Key industry participants include Evonik Industries, Bluestar Silicones, Wacker Chemie AG, Dow Corning Corporation, Ashland Incorporation, Air Products & Chemicals Incorporation, Clariant, and BASF SE.
Author Name : Dhananjay Punekar
Hydrogen peroxide market outlook: Escalating paper and pulp industry to stimulate the market growth: Trends & Forecast-2024
Hydrogen Peroxide Market will exhibit an upward trend over the coming years, with the urge to maintain the environment sustainability and the rising pressure to minimize plastic wastes globally. Increasing awareness for eco-friendly packing process and recycled paper will stimulate the hydrogen peroxide market outlook notably. The packaging industry is focusing towards flexible packaging material than plastics to cater to the growing demand. Moreover, consumption of paper across the globe influencing the global paper & pulp industry has been a strong driving factor for the growth of the hydrogen peroxide market. According to Global Market Insights, Inc. “Hydrogen Peroxide Market size is estimated to witness a CAGR of 5% over the period of 2016-2024.”
Increasing adoption of (HPPO) hydrogen peroxide propylene oxide process will further fuel the demand for its key raw material i.e. hydrogen peroxide in the coming years. Companies such as Dow Chemicals, BASF SE, and Solvay have collaborated to use the HPPO technology. Furthermore, the use of electronic grade hydrogen peroxide in etching of semiconductors boards will have a dynamic impact on the hydrogen peroxide industry revenue trends. Companies such as Evonik and Solvay have commercialized the electronics grade variants and are investing intensively in the research and development.
U.S Hydrogen Peroxide Market size, by end-user, 2015 & 2024 (USD Million)
Asia Pacific dominated with 50% of the global hydrogen market in 2015 with a revenue of over USD 2,000 million and is predicted to substantially acquire the market share in the coming timeframe. APAC hydrogen peroxide market growth, lead by China will exhibit a 6% CAGR over 2016-2024, driven by indulgent government norms and cheap workforce.
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Based on end-use, hydrogen peroxide industry finds extensive application across Paper & Pulp, Waste Water Treatment, Chemical, and Mining. Hydrogen peroxide market size in chemical sector is projected to surpass a revenue of USD 2,000 million by 2024. This sector will observe escalating gains over the coming years, owing to HPPO process and increase in usage of propylene oxide in commercial products like synthetic emollients, flame retardants, drilling chemicals for oil fields etc.
Paper and pulp industry, dominating the global market share by 40% in 2015, is expected to record a CAGR of 5% over the period of 2016-2024, owing to its increasing demand for stationery and recycled paper. This lucrative sector may consume hydrogen peroxide worth USD 2500 million in the coming seven years.
Another sector witnessing heavy gains in the hydrogen peroxide industry is the waste water treatment industry. This industry will observe escalating growth at a rate of 5.5% over the period of 2016-2024. Government regulations for waste water treatments in industry and environmental protection are the attributing factors for the industry growth.
North America and Europe hydrogen peroxide market report are expected to cross USD 1,000 million by 2024. However, strict regulations by REACH, EPA, FDA and OSHA will shift the focus of the manufacturers to Asia Pacific regions.
Notable hydrogen peroxide industry participants are AkzoNobel, Arkema, Gujarat Alkalies, Solvay S.A., Kemira Oyj, Mitsubishi Chemical Corporation, Gujarat Alkalies & Chemicals, and Evonik Industries.
Author Name : Ojaswita Kutepatil