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Dispersant/Dispersing Agent Market: Trends & Forecast to 2018

Global dispersing agent market: Over 3,900 KT sold in 2013


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2014-01-23 17:54:01 - Dispersant/Dispersing Agent Market: Trends & Forecast to 2018 - a new market research report on companiesandmarkets.com

Consumption in the global dispersing agent market is estimated to be 3,960 KT in 2013 and will grow at a CAGR of 6.7% annually till 2018. The increasing demand for dispersing agents in Asia-Pacific, especially in China, and the growth in end-user industries such as construction and paints & coatings are key factors that drive the global dispersing agent market.

Asia-Pacific dominates the dispersing agent market, followed by Europe and North America. Development and modernization of infrastructure has created a boost in the demand for dispersing agents by enhancing its usage in the construction industry. The rising need to provide efficient and environmentally sound energy has created a hike in the consumption of dispersing agents in the oil & gas industry.

 

 

Similarly, the shift to water based systems has led to an increased demand for dispersing agents worldwide, especially in the paints & coatings industry.

Fluctuating costs of raw materials have affected both the quality and quantity of dispersing agents that are produced and the ones available. This factor has thus provided a huge hindrance in an overall growth of the dispersing agent market. In addition to this, the presence of time-honored technologies also affects the production and efficiency of dispersing agents. At present, the impact of these factors is relatively high. However, emerging economies and innovations in products will create growth opportunities for the dispersing agents in the near future.

Companies that produce or plan to produce dispersing agents in the near future opt for new product developments by undertaking increased investments in R&D activities. The dispersing agents market is fragmented, and consists of a number of small and large chemical companies. The top eight players occupy about 50% of the total market share and the remaining market is captured by a large number of companies, each having quite a small share. The main focus of companies in this market is to opt for the best technologies to help increase the production of dispersing agents.

The growing demand for dispersing agents has prompted several companies to develop new and innovative products to capture a major share in different end-user industries. Thus, most of the companies are focused on new product development as their major growth strategy. The other growth opportunities such as geographic expansion, capacity expansion, partnerships, and acquisitions are also adopted to intensify their penetration in the dispersing agent market. Major players in this market are BASF SE (Germany), Arkema Group (U.S.), Ashland Inc. (U.S.), Evonik Industries (Germany), Clariant AG (Switzerland), The Lubrizol Corporation (U.S.), and The Dow Chemical Company (U.S.).

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