Dispersing Agents Market Analysis, Overview, Demand and Forecast to 2023
Posted by Mangesh Mahajan on January 28th, 2020
Dispersing agents are used in various end-use industries such as oil & gas, pulp and paper, building and construction, automobile, agriculture, and pharmaceuticals among others. The growing demand from the developing regions is one of the major factors driving the global market of dispersing agents. The growing GDP in the Asia Pacific region has augmented various sectors such as automobiles, building and construction among others which is significantly contributing to the growth of the segment. Moreover, the growing population in the region has surged the demand for energy in turn adding to the demand for dispersing agents in the oil and gas industry.
The building & construction end-use industry segment is the dominant one and is expected to show the same trend during the forecast years. The growing use of dispersion agents as additives, bio-compatible adhesives, and plasticizers in the building & construction industry is contributing substantially to the growth of the market.
The Global Dispersing Agents Market Analysis is segmented into type and end-use industry. On the basis of type the market is segmented into suspension, solution, colloid, powder and others.
On the basis of end-use industry, the global dispersing agent market is further bifurcated into building & construction, paints & coatings, pulp & paper, detergent, oil & gas, agriculture industry, pharmaceuticals and others.
The Global Dispersing Agents Market is spanned across five regions of the world namely, Europe, North America, Latin America, Asia Pacific and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the growing developments and industrialization in the developing countries in the region. The major countries attributing to this growth are Japan, China, and India. The growing population in the region has fuelled the construction and automotive sector which in turn is expected to boost the market growth during the forecast years. In addition to this, the growing oil & gas sector mainly in India and China has positively impacted the dispersing agents market.
North America is a dominant region in the market of dispersing agents and is expected to retain its dominance during the forecast years. The developed end-use industry coupled with the increasing adoption rate are the major factor driving the market growth. The growing investment in the construction sector mainly in Canada and the U.S. is further expected to surge the market growth during the forecast years. Furthermore, the developed pharmaceuticals industry coupled with the presence of the major automobile players namely General Motors, Fiat Chrysler and Ford is also surging the market growth.
The European market of dispersing agents is set to grow at a steady pace during the forecast period. The presence of the developed automobile sector and the pharmaceutical industry are the major factor driving the market growth. The Middle East and Africa is expected to witness a sluggish growth during the assessed period.
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About the AuthorMangesh Mahajan
Joined: July 17th, 2019
Articles Posted: 502
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