Overview and Scope
The dispersing agents refer to chemicals containing surfactants and solvent components that break petroleum oil into tiny droplets. These compounds make colours with extremely low solubilities that dissolve steadily in water.
Sizing and Forecast
The dispersing agents market size has grown strongly in recent years. It will grow from $6.77 billion in 2023 to $7.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growing industrialization, rising demand in end-use industries, environmental regulations, focus on research and development, increasing population and urbanization.
The dispersing agents market size is expected to see strong growth in the next few years. It will grow to $9.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to digitalization of manufacturing processes, increased r&d investments, increased demand for high-performance products, focus on cost-effective solutions, emerging markets and industries. Major trends in the forecast period include cross-industry collaboration, advancements in nanotechnology, environmentally friendly products, focus on water-based dispersants, technological innovations.
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Segmentation & Regional Insights
The dispersing agents market covered in this report is segmented –
1) By Product Type: Suspension, Solution, Colloid, Powder, Other Product Type
2) By Fomation Type: Waterborne, Oil-Borne, Solvent-Borne
3) By End-User Industry: Paints And Coatings, Oil And Gas, Construction, Pulp And Paper, Textile, Other End-User Industries
Asia-Pacific was the largest region in the dispersing agents market in 2023. The regions covered in the dispersing agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing oil drilling and exploration activities are expected to drive the dispersing agent market. Oil drilling refers to boring a hole using a drill bit to produce oil and natural gas. Exploration activities refer to the procedures and techniques used to identify potential locations for drilling and extracting oil and gas. Dispersing agents such as an oil dispersant are a mixture of emulsifiers and solvents that are used to break oil into small droplets following an oil spill and destroy oil slicks on the water surface and stop the prevalent winds from moving them to reduce greenhouse gas emissions and achieve other goals. For instance, in February 2021, according to World Oil, a US-based magazine, provided information on oil and gas exploration, drilling, production, completion, and onshore and offshore drilling. Drilling activity is likely to grow most rapidly in the United Kingdom (9.6% growth is predicted for the region in 2021). It is also estimated that there is a 38.4% rise in drilling in the United Kingdom in 2021. Therefore, increasing oil drilling and exploration activities are driving the dispersing agent market.
Key Industry Players
Major companies operating in the dispersing agents market are adopting a strategic partnership approach, aiming to collaborate on the development and production of revolutionary products with a strong contribution to sustainability. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in September 2021, BASF SE, a Germany-based manufacturing company of dispersing agents, announced a partnership with Sanyo Chemical Industries Ltd. for polyurethane dispersions (PUDs). The two parties want to collaborate on the development and production of new goods with a substantial contribution to sustainability. Through the global manufacturing footprints of the two enterprises, newly created technology and products will have global market access. The PUD industry is growing, and formulators are searching for better product performance. This agreement will help both parties minimize the time it takes for their innovative technologies to reach the market and speed the transition to water-based systems. BASF and Sanyo Chemical’s strategic relationship boosts collaborative development and allows the two firms to use manufacturing networks for PUDs. Customers benefit from the collaboration’s flexibility and dependability, while the value chain’s carbon impact is reduced. Sanyo Chemical Industries Ltd. is a Japan-based manufacturing company of chemicals and other related products.
The dispersing agents market report table of contents includes:
1. Executive Summary
2. Dispersing Agents Market Characteristics
3. Dispersing Agents Market Trends And Strategies
4. Dispersing Agents Market – Macro Economic Scenario
5. Global Dispersing Agents Market Size and Growth
…..
31. Global Dispersing Agents Market Competitive Benchmarking
32. Global Dispersing Agents Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Dispersing Agents Market
34. Dispersing Agents Market Future Outlook and Potential Analysis
35. Appendix
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