Dispersing Agents Market
Growth Factors of Dispersing Agents Market
The dispersing agents market size was valued at USD 8.12 billion in 2023, and the market is now projected to grow from USD 8.63 billion in 2024 to USD 14.90 billion by 2032, exhibiting a CAGR of 7.1 % during the forecast period of 2024-2032.
The outbreak of the COVID-19 negatively impacted the dispersing agents market mainly triggered by the disruptions in the supply chains and the closure of core industries including automotive, construction, and textile. The restrictions such as the lockdowns and the halt in manufacturing operations reduced the manufacturing rate and thus influenced the markets’ growth. But as the industries started coming back on phase, the demand for the dispersing agents were pulled up due to the revival of segments like paints, coatings, and personal care. Furthermore, the payers’ attention to hygiene and sanitation during the pandemic enhanced the consumption of dispersing agents utilized in cleaning products to stabilize the overall market recovery after the pandemic.
Some of the trends observed in the dispersing agents market include; rising use of environment friendly and sustainable products due to the rising environmental standards. Highly soluble water borne dispersing agents are being preferred more widely in place in coatings, paints, and adhesive since they do not contain volatile organic compounds (VOCs). The market is also experiencing a boost in the nanotech in the area of dispersion and usage for example in pharmaceuticals, ceramics, and personal care. Moreover, the advancements of bio-based dispersants for better performance and high enduring additives continue fueling the need across industries. The above-mentioned factors are driving the dispersing agents market growth.
As depicted in the current market for dispersing agents, the key driving forces that are present include: The increased use of dispersing agents in industries such as the paints and coatings industries, pharmaceutical industries and in personal care products where the use of dispersants improves the quality and performance of products. An increase in the construction and automotive industry requires dispersing agents used in paints, adhesives, and concrete mixtures. Environment issues are also the reason for changing of water based and environment friendly products as dispersants instead of using high VOC products. Also, continued research into nanotechnology as well as a rising number of applications in different sectors enhances the growth of the market providing increased benefits in the final product.
Comprehensive Analysis Dispersing Agents Market
The market is further categorized on the basis of types of dispersing agents and its applications. By type, waterborne dispersing agents are emerging newer because they offer of lower volatile organic compounds emissions than solvent borne dispersing agents, which are still considered important for their performance in several industrial processes. The remaining types, on the other hand, belongs to special purposes and needs. In terms of applications, dispersing agents are crucial across multiple sectors: They also improve the performance of paints and coatings, add value to the pulp and paper, used in building and construction materials and a very important in detergents, adhesive and sealants. Every segment demonstrates the variations in the requirements and prospects of the market.
At present Asia-Pacific holds the largest part in the dispersing agents market share due to increase in industrialization and growth in application areas like paints & coatings, construction, automotive, among others. Rising industrialization of the region along with increasing trends of urbanization also impacts the demand of dispersing agents especially among the emerging markets such as China and India. Also, the government policies and investment in infrastructural projects induce high market growth. Increased consumer expenditure on the personal care products and cleaning agents also supplement the regional demand making Asia-Pacific the most prominent market in the dispersing agents market.
Key players in this sector include BASF SE (Germany), Arkema SA (France), Altana AG (Germany), Clariant AG (Switzerland), Dow Inc. (U.S.), Lanxess AG (Germany), RUDOLF GmbH (Germany)
A new development that is expected to be witnessed in the dispersing agents industry in 2023 is the launch of a new highly efficient bio based dispersing agent by BASF SE. This product has been developed for the waterborne coatings industry applying the latest in bio-derived materials, as well as new dispersion functionality. The new dispersant has higher stability and performance than the existing synthetic agents; it contributes to the decrease in the VOC, and to the improvement of the environmental friendliness of coatings. This innovation is in par with increasing trend in the industry for green solutions and the progressing material science.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.1% from 2024-2032
Unit Value (USD Billion) and Volume (Kilotons)
Segmentation By Type
- Waterborne
- Solventborne
- Others
By Application
- Paints & Coatings
- Pulp & Paper
- Building & Construction
- Detergent
- Adhesives & Sealants
- Others
By Region
- North America (By Type, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Type, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Type, By Application, By Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
- Latin America (By Type, By Application, By Application)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- Middle East & Africa (By Type, By Application, By Country)
- Saudi Arabia (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa (By Application)
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