Market - - Jun 02,2017
India market for silicone defoamer is expected to rise at a steady CAGR of 4.90% between 2016 and 2024; the market’s opportunity might reach US$299.4 mn by the end of 2024.
The easy availability of silicone defoamer in a vast range of viscosities along with its ability to work at higher temperatures and pH has boosted the market for silicone defoamers in the Indian region quite substantially. Moreover, its insolubility in foaming medium, as well as superior surface active properties in comparison to organic defoamers, are another significant factors which are surging its demand in this country.
As per a report published by Transparency Market Research (TMR), the growing popularity of silicone defoamer is supported by its chemically inert nature merged with the flexibility to work in dramatic climate changes. These aspects are expected to propel the concerned products’ market over the next few years.
Researchers estimate that the silicone defoamer sector would acquire a CAGR hike of 4.90% during the period from 2016 to 2024. Moreover, this would push the sector’s value to US$299.4 mn by the end of the above-stated forecast period. Above all, the market is likely to reach 64,605.2 tons in terms of volume, as per reports.
The demand for silicone defoamer is also projected to increase substantially in the metalworking fluids, paints and coatings, pharmaceuticals and the food and beverage industry in the upcoming years. In India, the water treatment industry has emerged as the chief application segment, with a share of more than 26% as noted in 2015.
Presently, the India market for silicone defoamer is led by international players such as Wacker Chemie AG, BASF SE, Bluestar Silicones International, Ashland Global Holdings Inc., Clariant International AG, Momentive Performance Materials Inc., and Dow Corning Corp.
For more information on this report visit- http://www.transparencymarketresearch.com/silicone-defoamer-market.html