Global Lubrication Foam Inhibitors Market: Introduction
Lubrication foam inhibitors, generally known as anti-foaming agents, curb the formation of foam, as a large number of lubricant applications involve agitation and aeration, which traps air in the lubricant and encourages the formation of foam. Lubrication foam inhibitors alter the surface tension of the lubricant and help weaken the structure of air bubbles. Further, lubrication foam inhibitors are essential where lubrication foam can lead to oil spillage and inefficient control response. The foaming of lubricants is a very undesirable effect, which can cause enhanced oxidation by the intensive mixture with air. Thus, in order to hinder the formation of foam, lubrication foam inhibitors are indispensably used in a wide range of applications.
On a macro level, a pick-up in industrial activities and a positive outlook for oil and gas demand are foreseen to support the growth of the lubricant foam inhibitors market. Interestingly, a decrease in the per capita consumption of lubricants plays a pivotal role in determining the overall outlook for the global lubricant foam inhibitors market. Subsequently, the aim of the study is to analyze the most recent trends and dynamics in the global lubrication foam inhibitors market.
Global Lubrication Foam Inhibitors Market: Dynamics
The growth for lubricant foam inhibitors across the globe is mainly due to rebounding lubricant production and modestly rising additive treat rates. Additionally, regional economic prospects and vehicle ownership are expected to propel the growth of the lubrication foam inhibitors market. The low natural gas prices trend over the coming few years is expected to augment manufacturing activities. Subsequently, the surge in the demand for lubrication foam inhibitors is expected.
Mature markets plateauing in passenger car ownership will likely deter demand growth in the lubricant foam inhibitors market. Further, improved efficiency and less frequent lubricant replacement will be a common trend throughout the market, restraining the demand for lubrication foam inhibitors. In addition, market consolidation continues to be a prominent trend in the lubrication foam inhibitors market.
Global Lubrication Foam Inhibitors Market: Segments
The global lubrication foam inhibitors market can be segmented on the basis of product type, end-use industry, and region.
On the basis of product type, the global lubrication foam inhibitors market can be segmented as:
On the basis of end-use industry, the global lubrication foam inhibitors market can be segmented as:
Global Lubrication Foam Inhibitors Market: Regional Outlook
In the North American lubrication foam inhibitors market, significant growth opportunities are also anticipated in key end-use industries such as construction, automotive, and oil and gas production. This is because the U.S. construction industry is expected to continue to exhibit strong recovery in the coming years, and will be one of the crucial markets for lubrication foam inhibitors. Moreover, China, being at the forefront in terms of low-cost manufacturing capabilities, is set to foster the demand growth of lubrication foam inhibitors. With the help of the 'Make in India' initiative, India is on path to becoming a center for hi-tech manufacturing, which will squarely increase the demand for lubrication foam inhibitors. Moving ahead, with the presence of prominent refineries in South Korea and the Middle East, both regions are expected to experience significant growth in the lubrication foam inhibitors market. Furthermore, the high consumption of lubricants in South East Asia & Pacific is expected to boost the demand for lubricant foam inhibitors. Lastly, longer drain intervals in European countries will impede the growth of the lubrication foam inhibitors market. However, Asia is expected to drive the global demand for lubrication foam inhibitors in the foreseeable future.
Global Lubrication Foam Inhibitors Market: Key Participants
List of some of the prominent market participants in the global lubrication foam inhibitors market discerned across the value chain include:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The study on the lubrication foam inhibitors market also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Lubrication Foam Inhibitors market segments such as geography, end-use industry, and product type.
The report covers exhaustive analysis on:
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain in the market. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.