ID: MRFR/CnM/3783-HCR | 138 Pages | Published By Chitranshi Jaiswal on March 2023
Rheology Modifiers Market is projected to be worth USD 11.32 Billion by 2030, registering a CAGR of 4.1% during the forecast period (2021 - 2030).
$11.32 Billion
4.1%
Asia-Pacific
2021-2030
Rheology modifiers market overview:
Rheology modifiers market is expected to grow USD 11.32 Billion at a CAGR 4.1% during the forecast period. The Rheology modifiers are thickeners or viscosity modifiers of varied types of liquids that are utilized in varied industries. Crop protection, paints and coatings, cosmetics, personal care products, adhesives, sealants, construction-related liquids, inks, pharmaceutical products, and significant others are considered the major applications of rheology modifiers. Rheology modifiers are utilized to alter the chemical characteristic, flexibility, superior performance, and significant other features of the fluids. The influence of social media and the rising production of crude oil has propelled the utilization of high-end cosmetics and liquid coatings respectively and thereby considered the primary drivers of Rheology modifiers market growth.
The benefit factors of Rheology modifiers such as shear thinning, sag control, stabilizing heat and other features are improving the overall character of the liquid and thereby improving their performance. This factor is considered the major driver of Rheology modifier market growth. The construction industry is recently gaining momentum due to the growing population and favorable economic conditions have stimulated the developed countries in renovating the buildings and other significant construction projects. This factor has increased the demand for paints and coatings and thereby increasing the rheology modifiers market demand.
The Rheology Modifiers Market Share by Application:
Product: MRFR analysis
Regional Analysis
The Rheology Modifiers Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for the product in paints & coatings, cosmetics & personal care, and others. The paints & coatings segment holds the major portion and is anticipated to continue its dominance in the market due to increasing consumption of the product in various applications such as architectural paints, water-borne industrial coatings, and others. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.
The European market has received a remarkable growth in the last couple of years. It is projected that due to growing innovation coupled with technological advancement to manufacture solvent-free products in end-use industries and increasing personal care concerns, the Rheology Modifiers Market is set to grow at a higher rate during the forecast period. It is driven by these changes in paints & coatings, cosmetics & personal care, oil & gas, and others. Moreover, the growing mergers & acquisitions among the leading companies is set to propel the market in the U.K, Italy, Germany, and France over the assessment period.
Segmental Analysis
The Rheology Modifiers Market is segmented into the Type and Application. On the basis of Type, the market is segregated into organic, and inorganic segments. The market by application is further categorized into paints & coatings, cosmetics & personal care, adhesives & sealants, home care, institutional & industrial products (hi&i) products, construction, inks, pharmaceuticals, and oil & gas.
List of Key Players in the Rheology Modifiers Market
Some of the prominent players operating in the Rheology Modifiers Market are
Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.Recent Development News
May 2021:
The Lubrizol corporation had developed a water-soluble biopolymer that is named Kelco-cre diutan gum which is specifically designed for cosmetics and personal care products. Since these applications demand thermal stability and are compatible with high-level alcohols and polyols and are considered biodegradable. This formulation offered features such as a ‘no-drip’ feature for the hair formulations, silky and conditioned sensory, excellent formulation flexibility, and a very efficient viscosity builder.
June 2021:
Ashland has introduced Aquaflow Eco- 300 which is considered the biocide-free and non-ionic thickener which is designed for waterborne coatings. These coatings are highly specific and specially designed for marine vehicles. The chemical characteristics which achieve its efficiency through self-association and interaction with the other ingredients are considered exceptional in the market.
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: Significant value |
CAGR | (2020-2030) : 3.20% CAGR |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, Application and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | BASF SE (Germany), Arkema S.A.(France), Clariant (Switzerland), The Dow Chemical Company (U.S.), Elementis plc (U.K.), Akzo Nobel N.V. (the Netherlands), The Lubrizol Corporation (U.S.), Croda International Plc (U.K.), Ashland ( U.S), and Air Products and Chemicals, Inc ( U.S.) among others. |
Key Market Opportunities | Its flexibility, superior performance, and extended life are the important trends and factors |
Key Market Drivers | The growing demand for the product in paints & coatings, cosmetics & personal care, and others |
The forecast period for Rheology Modifiers market research report is 2020-2030.
Global Rheology Modifiers market is dominated by APAC region.
BASF SE (Germany), Arkema S.A.(France), Clariant (Switzerland), The Dow Chemical Company (U.S.), Elementis plc (U.K.), Akzo Nobel N.V. (the Netherlands), The Lubrizol Corporation (U.S.), Croda International Plc (U.K.), Ashland ( U.S), and Air Products and Chemicals, Inc ( U.S.) among others.