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Key Takeaways
Asia Pacific dominates the market of dispersant market due to growing infrastructure activities in developing countries such as India, China, and Others.
The demand from paint & coatings is increasing as dispersing agents protect the interior and exterior of vehicles from anti-corrosion and stone-chip resistance. Thus, increasing vehicle production is estimated to grow the consumption dispersants.
According to the International organization of Vehicle Motor Manufacturers (OICA), commercial vehicle production increased by 31.4% to 5731161 units in 2020 as compared to 4360472 units in 2019.
Additionally, naphthalene sulfonate, lignosulfonate, acrylic acid, and others are used in the formulation of dispersants that are produced by coal tar or petroleum, which may hamper the market growth.
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Dispersant Market Segment Analysis – By Geography
APAC dominated the global dispersant market in 2020 with a share up of 32%, due to increasing infrastructure activities and growing consumption from end-use industries such as paint & coating, oil & gas, pharmaceutical, agriculture, and others. Dispersants are produced using different types of chemicals such as lignosulfonates, naphthalene sulfonate, acrylic acid, depending on their usage in different industries. It is widely used in industrial coatings that protect exterior and interior substrates from corrosion, abrasion, thermal, chemical, and ultraviolet (UV) degradation in both industrial environments. Thus, the increasing demand for automotive coatings in Asian countries is estimated to grow the consumption of dispersants. According to the International Trade Administration (ITA), the Chinese government is expected to run the production of automobiles with 35 million units by 2025.
Dispersant Market Drivers
Increasing Demand from Paint & Coatings Industry
Growing Investment in Oil & Gas Production Activities is estimated to Grow the Consumption of Dispersants
Dispersant Market Landscape
Major players in the Dispersant Market include BASF SE, Ashland Inc., Arkema Group, The Dow Chemical Company, Clariant AG, Solvay Chemicals, Ecolab Deutschland GmBH, The Lubrizol Corporation, Evonik Industries AG, Uniqchem, and among others.
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