Latin America Defoamers Market Propelled by Rising Demand from Brazil, to Exhibit 3.8% CAGR 2015-2023 : TMR
Leading market intelligence firm Transparency Market Research (TMR) has announced the release of a new research report on the Latin America defoamers market. The report examines the competitive and financial dynamics of the industry to present actionable insights. The report, titled ‘Defoamers Market – Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,’ is available for sale on TMR’s website.According to the report, the Latin America defoamers market was worth US$196.2 mn in 2014. Exhibiting a 3.8% CAGR from 2015 to 2023, the market is expected to rise to a valuation of US$273.1 mn by the end of the forecast period.
Defoamers, or anti-foam agents, are used to avoid and/or reduce the formation of foam in industrial processes, in which foam can reduce the output intended from the process. Since foam is nothing but pockets of air trapped in liquids or solids, it leaves imperfections in the final product, since the liquid or solid in question has not been applied properly. To avoid this, defoamers are necessary. Defoamers work by destabilizing the films of foam bubbles to break up smaller air bubbles, which then join up to form larger bubbles. Larger foam bubbles can then easily rise towards the surface and leave the liquid.
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The growing demand from the food and beverage industry in Latin America is a major driver propelling the Latin America defoamers market. Due to rising urbanization, the demand for processed food has risen rapidly in Latin America in the last few years. As a result, the food and beverage industry has received a major boost, indirectly driving the defoamers market.
However, the paper and pulp industry emerged as the largest consumer of defoamers in 2014. The massive paper and pulp industry in Brazil is a major factor driving the Latin America defoamers market and will continue to have a defining impact on the industry in the near future.
The paints and coatings industry was the second largest application segment of the Latin America paper and pulp industry in 2014. Maintaining uniform thickness is one of the most valued properties of paints and coatings; upon application of paint containing air bubbles, cracks may appear and spoil the aesthetic as well as functional performance of the object in question. Due to this, defoamers are used extensively in the paints and coatings industry to prevent the buildup of gases in the formulation, driving the Latin America defoamers industry.
On the basis of product type, silicone-based defoamers were the largest segment of the Latin America defoamers market in 2014. Silicone-based defoamers work effectively against both surface foam and entrapped pockets of air, which makes them the perfect choice for several application sectors.
Regionally, Brazil dominated the Latin America defoamers market in 2014, emerging with a thoroughly dominant 60% share. Apart from the significant contribution from the paper and pulp industry, the defoamers market also enjoyed other promising avenues in Brazil, such as their rising usage in water treatment and food and beverage applications. Argentina and Colombia are the other major regional segments of the Latin America defoamers market.
The report analyzes the competitive landscape of the Latin America defoamers market as well, profiling major players such as Dow Corning Corporation, Bluestar Silicones, Allnex SA, Ashland Inc., BASF SA, Elementis plc, and Clariant AG.
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