Rheology modifiers Market Future Challenges and Industry Growth Outlook 2024
Category: #reports  By Rahul Sankrityayan  Date: 2020-06-15
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Rheology modifiers Market Future Challenges and Industry Growth Outlook 2024

Rheology modifiers are the materials (organic or inorganic) which are used to control the rheology (flow) properties of the fluid formulations. These compounds have gained significant importance worldwide, driven by their huge set of applications across various end use industries such as Paints & Coatings, Adhesives & Sealants, Personal Care, Pharmaceuticals, Textiles, Pulp & Paper, and Construction.

Paints & coating industry, which is forecast to exceed USD 210 billion by 2024, is estimated to be the most lucrative sector for this billion-dollar market over the coming period. Paints and coatings industry accounted for nearly 30% of the global rheology modifiers share in 2015. These modifiers are witnessing a huge demand across this industry, owing to their ability to improve the durability, consistency, emulsion stability, leveling, and anti-sagging properties of the paints. The increasing urbanization coupled with the growing automotive and construction industry is favorably impacting the paints & coatings market, which in turn will drive the rheology modifiers market size.

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Top key Players

  1. Air Products and Chemicals
  2. Inc.
  3. Akzo Nobel N.V.
  4. Altana AG
  5. Arkema S.A.
  6. Ashland Inc.
  7. BASF SE
  8. Cargill Inc.
  9. Clariant
  10. Croda International plc
  11. Diransa San Luis S.A.
  12. The Dow Chemical Company
  13. DuPont
  14. Eastman Chemical Company
  15. Elementis plc
  16. The Euclid Chemical Company
  17. Evonik Industries AG
  18. FCC Inc.
  19. Global Drilling Fluids and Chemicals Limited
  20. Hangzhou Jingyi Chemical Co. Ltd.
  21. The Lubrizol Corporation
  22. Mallard Creek Polymers
  23. MüNZING Group

Growth Drivers are

  1. Growing paint & coatings industry
  2. Increasing personal care product deman
  3. Rising adhesives & sealants demand
  4. Growing demand for pharmaceuticals
  5. Robust growth in construction

The growing geriatric population and the rising health awareness among the consumers is boosting the pharmaceutical market globally. These modifiers are in turn witnessing a huge growth owing to their applications in the pharmaceutical industry as additives in semi-solid formulations like ointments, lotions, syrups, etc. Organic modifiers such as polyurethane, acrylic polymers, xanthan gum, microcrystalline cellulose, and guar gum are used in pharmaceutical applications. Organic rheology modifiers market size is estimated to witness a CAGR of 3.5% over 2016-2024.

The paper industry is also a significant contributor towards this market. However, the growth in this sector is sluggish due to the growing digital trends which has reduced the growth of paper industry. Moreover, the fluctuating crude oil prices may also negatively impact rheology modifiers industry growth, crude oil being the essential raw material for these compounds.

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/rheology-modifiers-market

Asia Pacific market, which accounted for 35% of the global revenue in 2015, is estimated to register a CAGR of over 4% over 2016-2024. Rapid industrialization coupled with the expansion of automotive and construction industry are the major driving forces behind APAC rheology modifiers market growth.

The industry is highly fragmented with key market participants comprising Ashland, Arkema Group, BASF SE, DOW Chemical Company, and Lubrizol Corporation

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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