Sizing and Thickening Agents Market is projected to be worth USD 26.37 Billion by 2030, registering a CAGR of 7.7% during the forecast period (2022 - 2030).
One of the primary reasons that will affect the value of the Sizing and Thickening Agents market in the coming years, according to the sizing thickening agents market forecast, is the rising usage of sizing and thickening agents in industrial applications. Various sectors, such as paper, textiles, and construction employ sizing and thickening agents, which increases market demand. These substances are often used as food thickeners to improve the viscosity of sauces and soups while preserving their taste. Sizing and thickening agents are also used as gelling agents in jams, sweets, and jellies, increasing their texture and appearance.
Cosmetics also employ thickening agents like waxes and petroleum jelly. Some of the thickeners that promote stability are polyethylene glycol and polyacrylic acid. One of the key sizing and thickening agent market trends gaining relevance in the sizing thickening agents market is the rising number of oil and gas exploration operations. In the oil and gas exploration industry, thickeners are in high demand. Thickeners have the potential to improve fracturing efficiency in oil and gas exploration by increasing the viscosity of drilling fluids. The rising requirement for more offshore hydraulic fracturing to boost the productivity of aging offshore reserves will drive up the market value of sizing and thickening agents.
The sizing agent is a type of additive commonly used on fibers with the appropriate properties. Sizing agents are widely used to minimize fiber porosity created during printing. Such chemical agents improve the fibers' resistance to introducing water or other liquids. Surface sizing agents and internal sizing agents are the two types of sizing agents. Alkyl succinic anhydride, rosin, and alkyl ketene dimer are some of the most frequent internal sizing agents. The widely used surface sizing agents include styrene-maleic anhydride, styrene-acrylic acid, gelatin, polyurethane, and ethylene-acrylic acid. Natural and synthetic sizing agents are divided into two categories based on the raw materials utilized in the production process. Sizing agents are largely divided into natural and synthetic categories based on the raw materials utilized in their production. Textile and paper industries are the primary users of sizing agents. During the papermaking process, the fiber is treated with sizing agents, which enhances the ink holding capacity and increases the paper's printing capacity. Furthermore, sizing agents increase the quality of yarns used in the textile industry by preventing fiber breakage.
As a result of the epidemic, the entire globe is now facing the unavoidable difficulties of a global health emergency. This pandemic has harmed the worldwide sizing and thickening agent market share and a variety of other industrial and manufacturing sectors. During the worldwide pandemic, the global market has been in high demand. Investors and the market's main stockholders suffered significant losses during the worldwide pandemic. Such factors significantly influence the global market for sizing and thickening agents. However, the governments of numerous areas have ordered a rigorous lockdown protocol, which has resulted in the closure of most international crossings. All commercial and business activity has been halted for many periods due to this.
The worldwide pandemic affects global market sectors and has had a significant influence on global sizing and thickening agent market share. Most manufacturing sectors are seeing a significant loss of production work due to the closure of international borders. Most industrial manufacturers have been forced to halt production due to a scarcity of raw materials, which has substantially influenced the worldwide sizing thickening agents market sectors.
The continued need for manufacturing work and the growing knowledge of developing technologies in the current industry has prompted the major market players to establish a massive commercial platform in the worldwide business sectors. One of the most important reasons for which most industrial specialists and large investors wish to participate in the significant sizing and thickening agent market size is the growing global population.
The worldwide size and thickening agent market have been severely hampered during the pandemic. Every industry and corporation wants to get out of this scenario. Most foreign commercial cars do not arrive at their destination on time due to the shutdown. Due to a scarcity of raw materials and other necessary industrial equipment, some sectors have experienced reduced production rates.
Just after the release of lockdown, the worldwide market provided a plethora of prospects to the market's most notable competitors. The whole sizing thickening agents market trends have opened up significantly, and as a result, demand for maximum production has risen.
The global market has experienced a substantial variation in cost-effectiveness on raw materials and factory production accessories just after the lockout. Most investors are also experiencing labor shortages in their companies due to price increases on many pieces of equipment. These factors have combined a significant market limitation for the worldwide sizing and thickening agent market.
Due to increased global health awareness, numerous countries have implemented a stringent lockdown mechanism in their countries, for which the international and national boundaries have long served as a barrier. During the epidemic, the global economic sector faces a major problem. Many investors and shareholders in the worldwide sizing thickening agents market desire to put their money into new company sectors that can produce a large volume of products utilizing innovative technology and contemporary industrial equipment. The major market companies have also expanded their production rates in response to the opening of global industries. In contrast, competition between new business sectors and the major market players has grown dramatically.
The suspension of foreign commercial vehicles posed a major threat to various industrial firms' production schedules. Every corporation and industrial industry is always attempting to boost their output rate while also overcoming the worldwide pandemic.
According to the latest sizing and thickening agent market analysis report, the global market has been divided into type, application, and regional basis. With the type section, the global market has been divided into natural and synthetic, mineral & hydrocolloid. The application section divides the global market into five parts: food & beverage, paints & coatings, paper & paperboard, textile, and others. As per the regional basis, the market is classified into five sections: Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
Asia-Pacific has a considerable market share and is expected to be the fastest-growing market throughout the projection period, with a promising annual compound growth rate. The development of sizing and thickening agents is fueled by the fast growth of industries and urbanization in the Asia-Pacific area. Furthermore, favorable government laws in the area have enticed a number of industry players to enter the lucrative market, resulting in market expansion. The presence of the world's most populous countries, such as India and China, has increased the use of paints and coatings in industries such as construction and automotive, adding to the market's growth. Customers for these sizing and thickening agents in the area include China, Japan, and India.
Leading players in the sizing and thickening agent market are constantly growing their operations by accepting and expanding new technological product development and innovation. Some major market players intend to expand their manufacturing operations into the rising economic sectors. China is one of the leading producers of sizing and thickening agents on the market today. With the current market need for sizing and thickening agents rising, investors and other shareholders have put a lot of effort into the manufacturing process.
February 2022: One of the leading market players, Ashland which is based in the United States had declared their plans on expanding the production capacity of Natrosol Hydroxyethylcellulose at Hopewell facilities. The Natrosol Hydroxyethylcellulose is considered an excellent thickening agent that is derived from nature and therefore used as a non-ionic rheology modifier in several industrial and consumer applications. The predominant usage of the Natrosol is as cellulosic thickeners for the water vehicles and coatings for architecture. However, on the other hand, they are intensively used across varied industries like oil and gas, pharmaceutical, and personal care industries.
August 2021: One of the leading market players, Cosmo-speciality chemicals had introduced a clay-based sourcing agent which is designed specifically for the textile industry and the product helps the textile industries by eliminating the additional auxiliaries such as wetting agents, chelating agents, surfactants, lubricants, and significant others. Thereby reducing the costs required for treating processes of textile.
Report Overview:
The research on the worldwide sizing thickening agents market includes complete information and data on the most recent industries and their frameworks. The report contains all the facts and information, which is beneficial to the readers. This market research report includes important market practices, forecasted time, and worldwide market production rate. The research also discusses the impact of the worldwide epidemic on several market sectors. It also mentions industry potential, main market challenges, and market restrictions. This market research report includes all segments and full regional analysis.
Application
Regional Basis:
| Report Attribute/Metric | Details |
| Market Size | 2030 : USD 26.37 Billion |
| CAGR | 7.7% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Billion) |
| 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 | Ashland (U.S.), Cargill Incorporated (U.S.), CP Kelco (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), and AKZO Nobel N.V.(Netherland), FMC Corporation (U.S.), and Archer Daniels Midland Company (U.S.) among others. |
| Key Market Opportunities | The growing industrialization and urbanization in the developing regions throughout the globe |
| Key Market Drivers | The growing demand for food & beverages, paper, and textile industries in the developing region are the major factors |
Sizing Thickening Agents Market Highlights:
Frequently Asked Questions (FAQ) :
The forecast period for Sizing and Thickening Agents Market research report is 2022-2030.
Sizing and Thickening Agents Market is dominated by APAC region.
The major players are Ashland (U.S.), Cargill Incorporated (U.S.), CP Kelco (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), and AKZO Nobel N.V.(Netherland), FMC Corporation (U.S.), and Archer Daniels Midland Company (U.S.) among others.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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