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    Dispersant/Dispersing Agent Market Size Forecast to Reach $10.5 Billion by 2026
    (I-BusinessNews.Com, October 13, 2021 ) Dispersant/ Dispersing Agent Market size is forecast to reach $10.5 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026. Dispersant/Dispersing Agent is a surfactant used as an additive across various applications like oil drilling, and surface coating owing to their ability to offer a consistent mixture of particles and avoid setting and clumping. Growing demand for dispersing agents from paper manufacturing companies to improve the evenness and increases the toughness of the paper is driving the growth of the market. Whereas, the developing building & construction industry in the emerging nations coupled with the population growth is also contributing to the market growth. Moreover, the growing use of various dispersing functions like low and high molecular weight dispersant and oligomeric dispersant agent to reduce the viscosity of textile inks is also driving the market. Furthermore, increase the use of dispersant agents to prevent the formation of biofouling such as micro-organism and plant algae on marine vehicles is driving the market.



    Covid-19 Emergence



    The COVID-19 pandemic continues to unfold every day with a severe impact on people, communities, and businesses. The pandemic has reduced the demand for Dispersing/Dispersant Agent across various applications like oil drilling and surface coating due to decline demand from end-use industry market. A decline in businesses for at least three months during the pandemic, along with lower demand from some industries has put the dispersant agent market growth in the backseat. In addition to a decrease in investment in construction & infrastructure and reduction in automobile sales have further hindered the growth of the market. As per BCG, a private company, the automobile sector in China was facing a contraction of -10% from Q1- Q3 in 2019, in the same period Europe and the USA was facing a contraction of -27% and -17% respectively. Thus hindering the Dispersant Agent Market growth as these dispersants are used in the automotive coating.



    Dispersant/Dispersing Agent Market Segment Analysis – By Type



    Anionic segment held the largest share of more than 35% in the Dispersant/Dispersing Agent market in 2020. The anionic dispersing agent is based on the standard dispersing agents like polycarboxylic polymers that are used in aqueous decorative paints and surface coatings. Furthermore, anionic dispersing agents have narrow molecular weight distribution that provides optimum dispersion efficiency and provides maximum performance at the lowest possible formulation cost. Additionally, they are effective in stabilizing inorganic pigments and fillers. These types of dispersant agents are mainly used in paint & coating, paper & pulp, oil drilling, and the textile industry. Whereas, in the paint & coatings, anionic agents are used to achieving the highest possible loading of fillers and pigments in the grinding phase. Besides, in the pulp industry, these anionic agents are used as an additive to provide smooth stock by separating fiber and to prevent clumping and setting of pulp. Thus, the growing demand for paints and coatings, and paper globally further demand an anionic dispersing agent to lead the market.



    Dispersant/Dispersing Agent Market Segment Analysis – By Formulation



    Water-Based Dispersing Agent segment held the largest share of more than 60% in the Dispersant/Dispersing Agent Market in 2020. Water-Based Dispersing Agent allows the production of highly loaded, highly stable, and broadly compatible dispersions for a variety of particles in applications such as conventional and digital aqueous inks as well as aqueous coatings, paints, and primers. The water-based agents contain polymeric stabilizing chains selected for solubility in an aqueous medium in combination with a variety of humectants, coalescing aids, and cosolvents. These dispersing agents used in adhesives consist of solid adhesive in an aqueous phase and prevent the adhesive particles from sticking together during storage. Moreover, water-based dispersion adhesives can be applied by brush, roller, in beads, or by spraying. Therefore, these qualities enable water-based dispersing agents to boost the market for dispersant/dispersing agent market growth. Whereas, growing demand for environment-friendly agents drive the demand for water-based dispersing agents, which in turn propels the market growth.



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    Dispersant/Dispersing Agent Market Segment Analysis – By Function



    High-Molecular Weight Dispersant segments held the largest share of more than 25% in the Dispersing/Dispersant Agent Market in 2020. The growing demand for High-Molecular Weight dispersants from various end-use industries like paint and coatings, printing, building and construction, and packaging drive the market growth. As High-Molecular Weight Dispersants enhance gloss, improve tone development, and avoid flocculation as compared to the oligomeric dispersant and other functions. Furthermore, High-Molecular Weight Dispersant provide consistent color development, no flocculation, considerably lower resin content, and significantly lower viscosities. The high-molecular agent offers a definite stabilization effect. These dispersing agents can be linear or branched molecules with molecular weights from 5,000 to 20,000 gram-molecule (g/mol).



    Dispersant/Dispersing Agent Market Segment Analysis-By Application



    Adhesives & Sealant segment is projected to witness the highest CAGR of 7.8% in the Dispersant/Dispersing Agent market during the forecast period. Dispersing agents are essential elements in adhesives and sealants to effectively disseminate fillers or solid particles. The dispersing agent provides electrostatic or steric stability to stop particles from flocculating, thereby eliminating any viscosity change and phase separation. The dispersant agent deflocculates solids and reduces the viscosity of both water-borne and solvent-borne adhesives and sealants. Whereas, the surging uses of adhesives & sealants in the building structures to attach weather-resistant barrier, sealing laps and seams the further drive the market growth. Whereas, the growing construction industry further drives the demand for adhesives & sealants in the dispersing/dispersant agent market.



    Dispersant/Dispersing Agent Market Segment Analysis – By End-Use Industry



    Paint & Coating Industry held the largest share of more than 35% in Dispersant/Dispersing Agent Market in 2020. Dispersing/Dispersant Agent is widely used in the paints and coatings industry. Dispersing agents ensure the consistency of the paint is maintained and also maintain the desired properties, such as the strength of color, or appropriate pigmentation. Additionally, dispersant agents also ensure enhanced gloss, reduces viscosity, provides stability, and prevents sedimentation of particles in the paint. Thus, owing to the Dispersing/Dispersant Agent properties and their benefits, the demand is growing from paint and coating manufacturers. Furthermore, Paints and coatings are widely used across various end-use industry applications like wood, flooring, automobiles, buildings, plastics, marine, surface coatings, and industrial equipment. Thus, growth in the end-use industry, further drive the coatings demand, which in turn leads the market growth. The rise in the construction industry worldwide further drives the demand for paint & coating, which in return increases the demand for dispersing/dispersant agents. For instance, as per Oxford Economics has forecasted the volume of construction output will rise by 85% to $15.5 trillion globally by 2030, with India, the United States, and China together valuing for 57% of all global growth.



    Dispersant/Dispersing Agent Market Segment Analysis – By Geography



    APAC segment held the largest share of more than 45% in the Dispersant/Dispersing Agent Market in 2020. Rapid urbanization and rise in consumer income have had increased the demand for residential buildings, private & public transport, and consumer goods & FMCG products, which in turn drive the market growth across the region. Furthermore, dispersing agents are also used in producing plastic & polymers, coating, and packaging products. Therefore, such growth in the FMCG industry and consumer electronics will increase the demand for packaging material, which will further increase the demand for dispersing/dispersant market in the region. According to the Indian Brand Equity Foundation (IBEF) report in 2020, the retail market in India is estimated to reach US$ 1.1 trillion by 2020 from US$ 840 billion in 2017. Moreover, the consumer electronics (ACE) market reached Rs 76,400 crore (US$ 10.93 billion) in 2019.



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    Dispersant/Dispersing Agent Market Drivers



    Use of Dispersing Agents Against Oil Spill



    Dispersing agents are one of the quickest oil spill responses available to clean oil pollution. Increased use of dispersant agents by the oil & gas industry to tackle oil spills is boosting the demand for dispersing industry. Oil spills are one of the major concerns for the oil & gas industry and a significant threat to the Marine Environment. Oil spills are caused during drilling or transportation of oil. Dispersants are used on oil spills to decrease the risk that the oil slick would reach shores and affect the surroundings like marshes and mangroves or come into contact with animals at the surface. Dispersants agents are sprayed on a surface of an oil spill, which breaks the oil into smaller droplets (less than 100 microns) that are more easily diluted in water, as smaller oil particles are more easily biodegraded and it provides a measure of protection for sensitive habitats threatened by a surface slick. As per International Tanker Owners Pollution Federation Ltd (ITOPF) report in 2019, it was estimated that a total of 1,16,000 tons of oil were spilled in the environment due to tanker related incident in 2018, and in 2019 about 1000 tons of oil was spilled in 3000 km of coastal line. Rising environmental concern due to the oil spills is raising the demand for dispersant agents in the oil & gas industry.



    Paint and Coating Industry is Fueling the Markets Growth



    The paint and coating industry is driving the market growth due to an increase in demand from the automotive, manufacturing, industrial coating, and construction sector. The rapid urbanization and industrialization in developing economies especially in China, India and Brazil are boosting the demand for surface coating. According to American Coating Association (ACA), APAC is dominating the market with 53% of share in the global market in 2018, while China, India, Japan, and South Korea accounting for 87% of the share in the region. The growth in paint and coating industry has had a positive effect on the paint additives market, which in turn drive the market growth.



    Dispersant/Dispersing Agent Market Challenges



    Environmental Challenges



    Excess use of dispersing agents can be hazardous for marine life and human beings that act as a challenging factor to the market growth. These agents have a negative influence on aquatic life from fish to corals. Dispersants agent releases toxic from the small particles of oil, and the combination of oil droplets and dispersant chemicals, can be more harmful to aquatic life than the untreated oil.



    Market Landscape



    Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Dispersant/Dispersing Agent Market report. Major players in the Dispersant/Dispersing Agent Market are BASF SE, Evonik Industries AG, Solvay S.A., The Lubrizol Corp., Air Products and Chemicals Inc., ELEMENTIS PLC, Rudolf GmbH, The Dow Chemical Co., CHRYSO SAS, and Uniqchem, WestRock Co., among others.



    Acquisitions/Technology Launches



    In September 2019, BASF SE launched a series of innovative, reactive, and high-performance dispersing agents like Efka PX 4780, Efka PX 4785 and Efka PX 4787 for the automotive and industrial coatings segment. With this launch, BASF enhanced its offering for automotive and industrial coating, which will further drive the growth of the market.



    In October 2019, Uniqchem was launched UNIQ SPERSE 670U, a Structured Polymer dispersant, which is suited for solvent-borne, water-borne, UV, and solvent-free coating systems. With this new launch, Uniqchem enhanced its offering to the market.



    Key Takeaways



    The Middle East and Africa region is projected to witness a significant growth in the market due to growing construction and automotive sector.



    Growing environmental concern among consumers further fuel the dispersant/dispersing agent market growth during the forecast period.



    COVID-19 has reduced the demand of the market due to the shutdown of manufacturing operations and decrease in government investment in infrastructure.



    Instability in raw material prices is also hindering the markets growth.



    The Dispersant/Dispersing Agent market is highly fragmented in terms of the end-user industries. Hence, the major key manufacturers are targeting the small and medium scale companies (SME’s) along with the tier-1 companies.



    Relevant Reports



    A. Elastomeric Coatings Market



    https://www.industryarc.com/Report/11714/elastomeric-coatings-market.html



    B. Dispersant Market



    https://www.industryarc.com/Report/11656/dispersant-market-analysis.html



    For more Chemicals and Materials related reports, please click here



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