Industry Outlook
Rheology modifiers plays an important role many of the end-use industries such as paints & coatings, adhesives & sealants, pharmaceuticals, personal care & cosmetics, construction, agriculture, caeramics, oil & gas, rubber & plastics, textiles, pulp & paper, electronic, food & beverage and textile to name a few. Commonly known as viscosifiers or thickeners, these additives have more influence on a system then simply alter viscosity or thickness of the compound. Now a days plenty of rheological modifiers are present in the market; a detailed understanding of rheological requirement of application is essential for product development. In 2020market for rheology modifiers stood at US$ 5,039.26 Mn and expected to reach US$ 8237.99 Mn by 2029, expanding at a CAGR of 4.3% from 2021 to 2029. Paints & coating industry is prominently driving the demand for rheology modifiers. This is mainly due to increasing paints & coating application residential and non-residential construction sector along with booming industrial paints & coating application in developing countries such as China, India, Brazil, Indonesia, etc.
Organic rheology modifiers will maintain its pole position in upcoming years
In 2020, organic rheology modifiers was the largest segment in terms of value and volume with the market share of more than 65%, of the overall rheology modifiers market worldwide. However, in the coming years, inorganic rheology modifiers expected to emerge as the fastest growing segment in the overall rheology modifiers market by product type. This is mainly due to higher demand for inorganic rheology modifiers from end-use industries such as paints & coatings and adhesives & sealants in developed economies such as the U.S., U.K, Germany, France and other western European countries. For the purpose of the study organic rheology modifiers segment is further sub divided into associative modifiers and non-associative modifiers. Inorganic rheology modifiers segment is further divided into Organoclays (hectorite, bentonite, attapulgite, talcs), Minerals (fumed silica, precipated silica, precipated calcium carbonate, montmorillonite, etc.) and Metal Organic Gellants (zirconates, aluminates, etc.).
Increasing use Rheology Modifiers in paints & coating end-use industry is driving the demand of Rheology Modifiers in developed as well as developing countries
Paints & coating segment dominated the global rheology modifiers market in 2020 with a market share of more than 30% and expected to maintain its dominance over the forecast period. Booming construction industry in developing countries as well as growing personal care & cosmetics industry owing to increasing disposable income and purchasing power of customers across the globe is further propelling the demand for rheology modifiers in construction and personal care & cosmetics industry.
Asia Pacific will be most lucrative market for rheology modifiers from 2021 to 2029
Increasing industrialization and booming construction industry in the Asia Pacific region expected to drive the demand for rheology modifiers in upcoming years. Region expected to register highest CAGR of 4.9% from 2021 to 2029 as compared to other regions. Europe is another lucrative market for rheology modifiers followed to Asia Pacific owing to increasing demand from paints & coatings and adhesives & sealants end-use industries more prominently in western European countries. North America is likely to witness moderate growth for rheology modifiers in upcoming years. The paints & coating and personal care & cosmetics industry primarily drive regional demand for rheology modifiers.
Leading brands are aggressively investing in research & development
Global manufacturers are focusing upon continuous research & development in order to develop new and innovative products. Companies such as BASF SE, Akzo Nobel N.V., Cargill Inc. and Evonik Industries AG among others are focusing upon innovating new products. Additionally, several companies also have launched rheology modifiers based inorganic source in past few years, which are generating opportunity to the global rheology modifiers market during the forecast period. Akzo Nobel N.V., Altana AG, Arkema S.A., Evonik Industries AG,Ashland Inc., BASF SE, Cargill Inc., Clariant AG, Eastman Chemical Company,Croda International PLC, Diransa San Luis S.A., The Dow Chemical Company, Elementis plc, FCC Inc., Global Drilling Fluids and Chemicals Limited, Hangzhou Jingyi Chemical Co., Ltd., Mallard Creek Polymers, Inc., MÜNZING Group, PPG Industries, Inc., San Nopco Limited, SNF Holding Company, The Euclid Chemical Company and The Lubrizol Corporation among others are some of the prominent players in global rheology modifiers market.
Historical & Forecast Period
Our study analyzed each market segment during the period of 2019 to 2029 with 2020 as the base year. Forecast period between 2021 and 2029 considered for the CAGR calculation.
Report Scope
The report enlightens the thorough outline of global rheology modifiers market by categorizing the market in different segment given below:
By Product Type Segment (2019-2029) (Kilo Tons, US$ Mn)
- Organic
- Associative Modifiers
- Non-associative Modifiers
- Inorganic
- Organoclays (hectorite, bentonite, attapulgite, talcs)
- Minerals (fumed silica, precipated silica, precipated calcium carbonate, montmorillonite, etc.)
- Metal Organic Gellants (zirconates, aluminates, etc.)
By End-use Industries Segment (2019-2029) (Kilo Tons, US$ Mn)
- Paints & Coatings
- Adhesives & Sealants
- Pharmaceuticals
- Personal Care & Cosmetics
- Construction
- Others (agriculture, ceramics, oil & gas, rubber & plastics, textiles, pulp & paper, electronic, food & beverage, textile, etc.)
Geography Segment (2019-2029; US$ Mn)
- North America (United States and Canada)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East and Africa (GCC, Rest of MEA)
This research report describes leading continents and their major countries, along with profiles of key players operating in overall market and their planned developments. Our report further defines the overall market dynamics such as drivers, challenges, and opportunities prevalent in the market to understand global rheology modifiers market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to country level highlights revenue pockets and investment opportunities in the market.
Key questions answered in this report
- What are the current market trends in the rheology modifiers market and valuable opportunities for the players?
- How the regulations affect global as well as the regional rheology modifiers markets?
- Which are the prominent and recent innovations in the market?
- Which is the most lucrative region for investment?
- What is the market size and trends in emerging markets?
- Which are the major end-use industries of rheology modifiers and their market sizes?
- Which are the leading players and their market position?
This product will be delivered within 2 business days.
Table of Contents
Chapter1 Preface 24
Chapter 2 Executive Summary 30
Chapter 3 Market Dynamics 34
Chapter 4 Global Rheology Modifier (RM) Market, by Product Type 43
Chapter 5 Global Rheology Modifier (RM) Market, by End-use Industry 49
Chapter 6 Global Rheology Modifier (RM) Market, by Geography 57
Chapter 7 Company Profiles 130
Companies Mentioned
- Akzo Nobel N.V.
- Altana AG
- Arkema S.A.
- Evonik Industries AG,Ashland Inc.
- BASF SE
- Cargill Inc.
- Clariant AG
- Eastman Chemical Company,Croda International PLC
- Diransa San Luis S.A.
- The Dow Chemical Company
- Elementis plc
- FCC Inc.
- Global Drilling Fluids and Chemicals Limited
- Hangzhou Jingyi Chemical Co. Ltd.
- Mallard Creek Polymers Inc.
- MÜNZING Group
- PPG Industries Inc.
- San Nopco Limited
- SNF Holding Company
- The Euclid Chemical Company
- The Lubrizol Corporation.
