The global dispersing agent market is expected to witness remarkable market growth next seven years on account of rapid infrastructure development across the world. Increasing demand from oil & gas, paper, paint, detergents, pharmaceutical, agriculture, and automotive industries is also expected to fuel the market growth over the forecast period. Growing end-use industries are in turn expected to have a positive effect on market growth. The workability improvement of fluids on account of stable and easier suspension of particles due to addition of dispersing agents is expected to fuel the market growth over the forecast period. Emergence of various new application segments is anticipated to propel the dispersing agents market over the next seven years. Reduction in VOC emission on account of dispersing agent usage with water-based systems is also expected to fuel the market growth. However, variations in the raw material cost in addition to the lack of technological innovation are expected to hinder the market growth over the forecast period. Dispersing agents are manufactured from various chemicals such as polycarboxylate, sulfonate, lignosulfonates, naphthalene, and acrylic acid. Use of petrochemical derivatives for dispersing agent production is also expected to restrain market growth.
The construction industry holds maximum market share in the global dispersing agent market and thus growing construction is expected to drive the market over the forecast period. Increasing use of the dispersing agent in concrete preparation is expected to fuel market growth. Emergence of various new economies such as India, Brazil, and Mexico are expected to provide new opportunities for market growth over next seven years.
Asia Pacific holds maximum share in the global dispersing agent market in terms of volume as well as revenue. Significant infrastructural developments in India, China, and South Korea in addition to technological advancements in the region are expected to drive the regional market over the forecast period. Growing demand for paints and concrete on account of growing automotive and construction industries is also anticipated to boost the market over the next seven years. Growing paper and pulp production in the region is also expected to fuel market growth over the forecast period.
Asia Pacific market was followed by Europe on account of considerable presence of chemical industries in the region. Europe's dispersing agent market growth has been unaffected by the economic slowdown in the region on account of presence of key industry players in the region. Infrastructural development in east European countries has been responsible for demand enhancement in the region. Germany accounted for the maximum market share in the region on account of rapid growth in dispersion agent demand from various domestic industries.
Increasing shale gas explorations in the U.S. and Canada are expected to drive the North America dispersion agent market over the period. North America's dispersing agent market is expected to witness significant growth rate, only behind Asia Pacific over the forecast period. Growth in the region is characterized by growing end-use industries in the U.S. and presence of huge potential n the Canadian market. Latin America and MEA dispersant agent market are still in the nascent stage. Increasing use of dispersant agents in oil drilling activities is expected to fuel the market growth in these regions. Emerging countries in the region such as UAE and Brazil are expected to uplift the regional markets.
Sufficient raw material availability along with lower production cost has been responsible for evolution of various small and medium scale manufacturers catering to the global dispersing agent market. Increasing focus on R&D activities on account of increasing need for technological developments and product innovation has been a key trend observed in the market players over the past few years and is also expected to continue over the forecast period. The other growth strategies observed within the key market players include geographical expansion, capacity augmentation, mergers & acquisition, and partnerships to penetrate the untapped market.
Key players operating in the global dispersing agent market include BASF SE, Dow Chemical Company, Harmony Additive, Arkema Group, Clariant AG.
This report has a service guarantee. We stand by our report quality.
We are in compliance with GDPR & CCPR norms. All interactions are confidential.
Design an exclusive study to serve your research needs.
Get your queries resolved from an industry expert.
"The quality of research they have done for us has been excellent..."
