Dispersing Agents Global Market Report 2024

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 growth in the historic period can be attributed to factors such as growing industrialization, rising demand in end-use industries, adherence to environmental regulations, a focus on research and development, and the impact of increasing population and urbanization.

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%. The growth in the forecast period can be attributed to the digitalization of manufacturing processes, increased investments in research and development, a heightened demand for high-performance products, a focus on cost-effective solutions, and the emergence of new markets and industries. Major trends in the forecast period include cross-industry collaboration, advancements in nanotechnology, the development of environmentally friendly products, a focus on water-based dispersants, and ongoing technological innovations.

The upward trend in oil drilling and exploration activities stands as a key driver propelling the dispersing agent market. Oil drilling involves the extraction of oil and natural gas through boreholes, while exploration activities aim to identify potential drilling locations. Dispersing agents, such as oil dispersants, consist of emulsifiers and solvents utilized to break down oil spills into smaller droplets, effectively combating oil slicks on water surfaces. This process curbs the movement of oil slicks due to prevailing winds, ultimately reducing greenhouse gas emissions. Notably, in February 2021, World Oil reported a predicted 9.6% growth in drilling activity in the United Kingdom, with a notable 38.4% surge in drilling observed in the same region in 2021. This surge in oil drilling and exploration activities fuels the demand for dispersing agents within the market.

The burgeoning construction and infrastructure development sector are expected to significantly drive the growth of the dispersing agent market. This industry encompasses the planning and execution of projects to build and upgrade physical structures and amenities. Dispersing agents find extensive use in concrete mixes within construction for enhanced workability, reduced water consumption, and improved additive dispersion. For instance, according to the US Census Bureau in November 2023, construction spending is forecasted to reach $1,996.5 billion, indicating a 0.4% increase from the previous month and an 8.7% surge compared to September 2022. Similarly, as per USAFACTS in June 2022, the federal government allocated $36.6 billion to infrastructure spending, while provinces received $94.5 billion. This growth in construction and infrastructure activities drives the demand for dispersing agents in various applications.

Product innovation emerges as a significant trend within the dispersing agent market, with major companies focusing on advancing their product offerings to fortify their market position. In May 2021, Clariant AG, a Swiss-based company in the dispersing agents market, introduced the Licosperse pigment dispersions. These eco-friendly pigment preparations cater to polish applications, presenting a sustainable addition to the dispersing agent portfolio. Licosperse preparations serve as substitutes for dyes in solvent- and oil-based applications such as wood stains, varnishes, fertilizers, herbicides, shoe polishes, and floor polishes. Notably, these novel pigment preparations boast increased durability, reduced migration, and simplified application compared to conventional dyes, which often require pre-dissolving, thereby driving product innovation within the market.

Major companies within the dispersing agents market are strategically pursuing partnerships to foster collaboration in developing and producing innovative, sustainability-driven products. These strategic partnerships involve leveraging combined strengths and resources to achieve mutual benefits and drive success. For instance, in September 2021, BASF SE, a prominent Germany-based manufacturer of dispersing agents, initiated a partnership with Sanyo Chemical Industries Ltd. focused on polyurethane dispersions (PUDs). This collaboration aims to jointly develop and manufacture new products with a significant emphasis on sustainability. Leveraging the global manufacturing capabilities of both entities, the partnership intends to facilitate global market access for newly developed technologies and products in the PUD industry. With the growing demand for improved product performance in the PUD sector, this alliance aims to expedite the introduction of innovative technologies to market and accelerate the shift toward water-based systems. The strategic relationship between BASF and Sanyo Chemical promotes collaborative development, utilizing their manufacturing networks for PUDs. Customers stand to benefit from enhanced flexibility and reliability, while the partnership contributes to reducing the carbon impact within the value chain. Sanyo Chemical Industries Ltd., a Japan-based manufacturer of chemicals and related products, collaborates with BASF in this strategic endeavor.

In October 2021, Atlanta, a US-based manufacturer and distributor of powder coatings operating in the dispersing agents market, acquired Henkel, an undisclosed amount. This acquisition represents a strategic step in Atlanta's methodical implementation of its acquisition strategy, particularly focusing on new specialty chemicals. Henkel, a Germany-based company operating in the dispersing agents sector, specifically in closure materials, became part of Atlanta through this acquisition. This strategic move signifies Atlanta's deliberate expansion efforts within the dispersing agents market, aiming to enhance its product portfolio and market presence through the incorporation of Henkel's closure materials business.

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.

Asia-Pacific was the largest region in the dispersing agents market in 2023. The regions covered in the dispersing agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dispersing agents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main product types of dispersing agents include suspension, solution, colloid, powder, and others. Suspension refers to a heterogeneous combination of solid particles dispersed throughout the liquid without dissolving. The foam types include waterborne, oilborne, and solvent-borne. Various end industries involved are paints and coatings, oil and gas, construction, pulp and paper, textiles, and other end-user industries.

The dispersing agents market research report is one of a series of new reports that provides dispersing agents market statistics, including dispersing agents industry global market size, regional shares, competitors with dispersing agents market share, detailed dispersing agents market segments, market trends, and opportunities, and any further data you may need to thrive in the dispersing agent's industry. This dispersing agents market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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