The India market for silicone defoamer is dominated
by multinational players, such as Momentive Performance Material
Inc., Dow Corning Corp., BASF SE, Clariant International AG, Evonik
Industries AG, Wacker Chemi AG, and Bluestar Silicones International,
states a new report by Transparency Market Research (TMR).
With only a few domestic participants operating in
this market, international players are actively involving in mergers
and acquisitions. The implementation of strict regulations on
VOC-emitting and non-biodegradable product in North America and
Europe are forcing many international players to invest as well as
expand its production bases in India. However, the rising focus of
government on expanding specialty chemical business, relaxation in
excise duty, and the enactment of GST bill implementation are likely
to help domestic players to enhance its core competence in the years
to come, reports the research study.
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overview of the Silicone Defoamer market. Browse Market Research
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As per the research report, the overall opportunity
in the India market for silicone defoamer was worth US$197.9 mn in
2015. Researchers estimate it to rise at a CAGR of 4.90% during the
period from 2016 to 2024 and reach a value of US$299.4 mn by the end
of the forecast period. During the same period of time, the market is
likely to reach 64,605.2 tons in terms of volume, notes the study.
Water Treatment to Continue as Prime Application
Area of Silicone Defoamer in India
The research report presents an exhaustive analysis
of the silicone defoamer market in India. According to the study, the
water treatment, paints and coatings, pharmaceuticals, metalworking
fluids, food and beverages, and several other industries, such as
pulp and paper, textile, oil and gas, and the detergents, are the
main application areas of silicone defoamers. With a share of more
than 26%, the water treatment industry emerged as leading application
segment of silicone defoamers in India in 2015.
Since there is a scarcity of fresh drinking water in
this country, the need to clean wastewater to make it drinkable is
reflecting greatly on the demand for silicone defoamer. The increase
in effluent treatment is also adding considerably to the demand for
silicone defoamers in India. All these factors are pointing towards
the continued dominance of water treatment as the key application
area of silicone defoamer in this economy throughout the forecast
period.
The demand for silicone defoamer is also expected to
increase substantially in the paints and coatings, metalworking
fluids, pharmaceuticals and the food and beverage industry over the
next few years, states the research report.
Rise in Construction Sector to Fuel Demand for
Silicone Defoamer Market
India is one of the leading consumers of silicone
defoamers across the world. According to a researcher at TMR, “the
rapid growth of the construction sector across the country has
boosted the demand for paints and coatings, which in turn, has
influenced the sales of silicone defoamer in this country.” With
the rising trend of urbanization and industrialization and a
significant increase in population, a surge in the number of new
building and construction projects can be seen. This, as a result, is
reflecting positively on the India market for silicone defoamers.
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Apart from this, the augmenting demand for quality
products is also boosting this market considerably. However,
regulatory issues and the price volatility of raw materials may
create hurdles in the growth trajectory of this market in the near
future, states the research report.
The study presented here is based on a report by
Transparency Market Research (TMR), titled “Silicone Defoamer
Market (Application - Water Treatment, Paints & Coatings,
Pharmaceutical, Metalworking Fluids, Food & Beverages, Pulp &
Paper, Textile, Oil & Gas, and Detergents) - India Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
The India silicone defoamer market has been
segmented as follows:
By Application Type
- Water Treatment
- Paints and Coatings
- Pharmaceuticals
- Metalworking Fluids
- Food and Beverages
- Food
- Beverages
- Breweries
- Others (pulp & paper, textile, oil & gas, detergents etc.)
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