Leading market players are investing heavily in research and development to expand their product lines, which will help the Defoaming Coating Additives market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Defoaming Coating Additives industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Defoaming Coating Additives industry to benefit clients and increase the market sector. In recent years, the Defoaming Coating Additives industry has offered some of the most significant medical advantages. Major players in the Defoaming Coating Additives market, including BASF SE (Germany), Altana AG (Germany), Evonik Industries AG (Germany), Dow (US), Allnex (Germany), Arkema (France), Münzing Corporation (Germany), Elementis PLC (UK), Ashland (US), Clariant AG (Switzerland), and others, are attempting to increase market demand by investing in research and development operations.
Evonik Industries AG, founded in 2007, located in Essen, Germany, is a stock-listed German company specializing in chemicals, and it is the second largest company in the world. It includes the business areas of chemicals, energy, and real estate. In July 2020, Evonik launched a new defoamer, dispersants for architectural paints. To support formulators, Evonik's Coating Additives business line has introduced a comprehensive portfolio of additives that facilitate formulation work. One of the highlights is the new TEGO Foamex 9, a mineral oil-based defoamer with long-term effectiveness and good coating compatibility.
It can be incorporated during the grinding or lowering phase. The new defoamer complements Evonik's siloxane defoamers, allowing customers to choose the best technology that suits their formulations. This advantage is particularly important for coatings in large quantities. In addition, customers can more easily replace their existing mineral oil defoamers with this new quality. In addition to architectural paints, TEGO Foamex 9 can also be used in pigment concentrates. Dow Chemical Company, also known as Dow Inc., founded in 1897 and located in Midland, Michigan, USA, is an American international corporation amongst the world's largest chemical producers.
The products included are chemicals, plastics, coatings, and catalysts. In May 2021, Dow partnered with Univar Solutions to distribute agricultural silicone-based defoaming coating additives products in Mexico. Univar Solutions distributes its silicone-based defoamers, DOWSIL, for different applications in Mexico.