Latin America fermentation defoamer market will grow at approx. 4.5% CAGR in the forecast timeframe; Brazil and Mexico are likely to be the key markets in this region.
Selbyville, Delaware, July 04, 2019 (GLOBE NEWSWIRE) --
The fermentation defoamer market is predicted to hike from USD 1.5 billion in 2018 to over USD 2 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Escalating demand from the pharmaceutical sector will be a major factor driving the market growth.
The product is extensively used in the pharmaceutical industry during the manufacturing of antibiotics, bacterial vaccines, therapeutic proteins, gene therapy vectors, and steroids. Industrial fermentation process is used in the production of antibiotics such as penicillin and tetracyclines. Vaccines for diseases such as anthrax, meningitis, whooping cough, cholera, etc. are also produced in industrial fermenters. Defoamers are needed in these processes to decrease the effect of foams. The prevalence of chronic and acute diseases among people and rising instances of bacterial infections will drive antibiotics and vaccine demand which will in turn augment the fermentation defoamer market in coming years.
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Fermentation defoamers are also used in the chemical industry in the production of polymers, organic acids, industrial enzymes, and amino acids. These chemicals are further used in various industries such as food processing, healthcare, cosmetic, etc. Escalating demand for these chemicals will propel the fermentation defoamer market in the forecast timeframe. Fermentation defoamers are also extensively used in the beverage industry to produce various alcoholic beverages such as beer, wine, whiskey, etc. Mounting demand for these beverages, mostly in emerging economies will drive product demand in the forecast timeframe.
The fermentation defoamer market is segmented based on product and end-user. Oil-based and silicone-based are the two major product types in the industry. Other products including water-based, alkyl polyacrylates, etc. have been considered in the others segment. Oil-based product segment will occupy around one-third of the overall industry and gain by a CAGR above 3% during the forecast timeframe.
Browse key industry insights spread across 200 pages with 278 market data tables & 18 figures & charts from the report, “Fermentation Defoamer Market Size By Product (Silicone-based, Oil-based), By End-user (Dairy Products, Alcoholic Beverages, Food Products, Pharmaceuticals, Chemicals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Alcoholic beverages, dairy products, pharmaceutical, food products, and chemicals are the key end-user industries in the fermentation defoamer market. Among these, alcoholic beverages and dairy segments are likely to have significant shares of the overall market. Rising consumption of alcoholic beverages around the globe will drive product demand for this segment. Positive developments in the dairy sector of countries such as India, China, and the U.S. will propel the dairy products segment demand in the forecast timeframe.
Asia Pacific fermentation defoamer market will have the highest growth rate owing to the fast developments in the region’s food & beverage sector. Increasing pharmaceutical manufacturing activities in the region will also affect the market positively. The region’s market size will exceed USD 700 million by 2025. Latin American market will grow by approximately 4.5% CAGR in the forecast timeframe. Brazil and Mexico are likely to be the key markets in this region.
The major players in the fermentation defoamer market are Momentive Performance Materials, Dow Corning, Shin-Etsu Chemical Company, Wacker Chemie AG, PennWhite Ltd., Accepta, Blackburn Chemicals Ltd., Hydrite Chemical Co., ADDAPT Chemicals B.V., Elkem ASA, Struktol, and SIXIN NORTH AMERICA, Inc.
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