The report Dispersant/Dispersing Agent Market, by End-User Industries (Construction, Paint & Coating, Pulp & Paper, Detergent, Oil & Gas, Agriculture, Pharmaceutical) & Geography - Trends & Forecast to 2018, by marketsandmarkets.com, defines and segments the global dispersing agent market with an analysis and forecast of the volume consumed and revenue generated. The dispersing agent consumption will grow from an estimated 3,960 KT in 2013 to 5,475 KT by 2018, growing at a CAGR of 6.7 percent.
The dispersing agents market is mainly driven by growing demand for end-user industries such as construction, paints and coatings, pulp and paper, detergents, oil and gas, agriculture and pharmaceutical. The rising need for infrastructure drives the consumption of dispersing agents in the construction industry. Similarly, accelerating development in the infrastructure and automotive sector has resulted in an expansion of the market for dispersing agents in the paints and coatings industry. The oil and gas industry will show a rapid growth with increasing demand from the automobile and energy sector.
The dispersing agents market is fragmented and has an immense potential to attract various small and big level industry players. It experiences a huge surge, especially in Asia-Pacific, due to its flourishing infrastructure sector. It is the highest growing market, followed by Europe and North America that drives the global consumption of dispersing agents.
New product development is the major growth strategy adopted by market players. Most of the companies are engaged in developing new and improved products to meet the rising demand from end-user industries so as to increase their dispersing agents business. The companies also expand their operations and production capacities to new regions through capacity and geographic expansions.