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Agrochemicals Market:Trends And Analysis 2020
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On the basis of the end user industry, the market is segmented in the eight broad categories namely, construction industry, paints & coatings industry, pulp & paper industry, detergent industry, oil & gas industry, agricultural industry, pharmaceuticals industry, and other end-user industries.Increasing demand of dispersant / dispersing agent from growing oil & gas industry, trend towards environmental sustainability and growing end user industries such as construction, paints & coatings industry, automobile industry and paper and pulp industry is driving the global dispersant / dispersing agent market.
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The continuous variation in the raw materials costs and lack of Innovation in the dispersing agent market are some of the major challenges of the global dispersant / dispersing agent market.Asia Pacific is the largest market of dispersant / dispersing agent market followed by Europe and North America. Asia Pacific is the fasted growing market attributed to growing allied industries such as construction and automotive industry. Surging urbanisation and embryonic transportation infrastructure in developing countries of Asia Pacific is keeping construction as major end user industry for dispersant / dispersing agent in this region. Moreover the rising demand of dispersant agents from automobile industry is expected to keep the growth rate high during the forecasted period.
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The various application dispersing agents is increasing as a result several players has expanded many new and innovative products to confine an increase market share. Some of the major players of the market have also expanded their geographical presence, capacity expansion, and gone through many merger and acquisitions.Some of the leading companies operating in global dispersant / dispersing agent market include, Cytec Industries Inc., Emerald Performance Materials Llc, Gruppo Chimico Dalton, The Lubrizol Corporation, Rudolf Gmbh, The Dow Chemical Company, Arkema Group, Basf SE, Clariant AG, Evonik Industries, Meadwestvaco Corporation and Ashland Inc.
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