The report "Defoaming Coating Additives Market by Type (Silicone-Based, Mineral Oil-Based, Vegetable Oil-Based, Water-Based, Polymer-Based), Application (Architectural, Automotive, Industrial, Wood & Furniture), and Geography - Global Forecasts to 2021", The defoaming coating additives market was valued at USD 748.0 Million in 2015, and is projected to reach USD 1,034.2 Million by 2021, at a CAGR of 5.6% between 2016 and 2021.
This growth can be mainly attributed to the increasing population, urbanization, and industrialization. The stringent regulatory and sustainability mandates concerning the environment also play a major role in growth of the global defoaming coating additives market.
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Water-based defoamer is the fastest-growing type segment in the global defoaming coating additives market during the forecast period
Among defoamer types, the water-based defoamer segment accounted for the second-largest share of the defoaming coating additives market in 2015. It is projected to be the fastest-growing defoamer type segment between 2016 and 2021. These defoamers are very cost-effective with considerable share of water in the final product though the final composition varies according to end user requirement.
