The Asia-Pacific defoaming coating additives market is expected to reach $533.81 million by 2018, to grow at a CAGR of 7.8% from 2013 to 2018. In terms of global coating additives consumption, APAC is the largest market in the world, followed by North America and Europe, and is also one of the most promising markets for defoaming coating additives, both in terms of production as well as consumption. Availability of cheap raw material and labor, coupled with upcoming domestic demand, enables this market to be the most attractive one for industry participants.
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Asia-Pacific Defoaming Coating Additives constitutes 40.7% of Global Defoaming Coating Additives market and are poised to grow its market share to 42.9% by the end of year 2018.
Defoaming additives have the property to reduce and hinder the formation of foam in industrial process liquids. In industrial processes, foam poses serious problems, like causing defects on surface coatings. End-use industries, which include the architectural, industrial, and wood & furniture industries, have witnessed a strong use of defoaming additives for protection. The growing industrial development in emerging economies, especially in Asia, Middle East, and Latin America pushes the growth of this coating additive.
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