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Dispersing Agents Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033
Dispersing Agents Market
As per the report, 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 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%.
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Rising Oil Drilling And Exploration Activities Propel The Dispersing Agent Market
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.
Clariant's Breakthrough Licosperse Pigment Dispersions Revolutionize Applications In The Dispersing Agent Market
Product innovation is a key trend in the dispersing agent market. Major companies in the dispersion market are advancing with their innovative products to strengthen their position in the market. For instance, in May 2021, Clariant AG, a Switzerland-based company operating in the dispersant agents market, introduced Licosperse pigment dispersions, eco-friendly pigment preparations for polish applications added to their dispersing agent's portfolio. The unique feature of licosperse preparations is that they are proposed as substitutes for dyes in solvent- and oil-based applications such as wood stains and varnishes, fertilizers and herbicides, and shoe and floor polishes. In comparison to conventional dyes, which frequently require pre-dissolving, the novel pigment preparations have increased durability, reduced migration, and are simple.
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
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Major companies operating in the dispersing agents market report are BASF SE, Clariant AG, Altana AG, Arkema Group, Ashland Inc., Croda International PLC., Emerald Performance Materials, Solvay SA, Elementis PLC., Evonik Industries AG, Gruppo Chimico Dalton SpA, King Industries Inc., Cera-Chem Pvt. Ltd., CHRYSO SAS, Rudolf GmbH, Dow Inc., Akzo Nobel N.V., Lonza Group AG, Huntsman Corporation, DIC Corporation, Wacker Chemie AG, Kao Corporation, Buckman Laboratories International Inc., Milliken & Company, Michelman Inc., PCC SE, Harmony Additive Pvt. Ltd., Safic-Alcan Group, Shamrock Technologies Inc., Pulcra Chemicals .
Contents of the report:
1. Executive Summary
2. Dispersing Agents Market Report Structure
3. Dispersing Agents Market Trends And Strategies
4. Dispersing Agents Market - Macro Economic Scenario
5. Dispersing Agents Market Size And Growth
…..
27. Dispersing Agents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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