Dispersant Market APAC Set to Spur by Rising Demand for Dispersant Agents From Automotive Industry
The Dispersant Market
deals with the production and development of dispersing agents that are widely used across various end user industries such as automotive, construction, detergents, oil & gas, paints & coatings and many others. Dispersant is also known as dispersing agent or plasticizer.
Dispersing agents are active substances that means mostly surface active material and sometimes non surface active polymers. Basically, it will be used to add to a suspension for enhance separation of particles and to prevent the process of thickening or clumping in the suspension. The major types of dispersant agents are coarse dispersion, colloid, solution and powder. Generally it is used across various applications such as detergents, oil & gas, paints & coatings, pulp & paper, pharmaceuticals and some others.
Rising demand for dispersant from Oil & Gas industry is the key growth factor that drives significant growth for the Dispersant Market. The growing trend towards environmental sustainability coupled with growing end user industries such as construction, paints & coatings, automobile and pulp & paper industry are driving the market growth. The demand for the dispersant agents is being increased with the growing above mentioned end-user industries.
According to dispersant market forecast, the lack of innovation in the dispersant systems market are the major factor that acts as key restraint for the market growth. In addition, the continuous variation in the raw materials costs are also restraining the market growth. The overall dispersant market report has been unified from different geographic locations into standard geographic regions.
Asia-Pacific is dominating the market by holding largest dispersant market share, followed by Europe and North America. Asia-Pacific is also projected to register fast growth rate due to growing industries such as construction and automotive industry in this region, during forecast period. Europe is leading with the second highest position in terms of dispersant market size, followed by North America. Developed economies such as US and Canada are the leading consumers of dispersant agents.
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