Rheology Modifiers Market Research Report, Growth Forecast 2025
Category: #reports  By Rahul Sankrityayan  Date: 2020-04-14
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Rheology Modifiers Market Research Report, Growth Forecast 2025

Personal care industry, which is yet another booming industry, is also a vital driving factor for rheology modifiers market. personal care industry, having had a market value of USD 580 billion in 2015, is estimated to surpass USD 790 billion by 2024. This growth will in turn boost rheology modifiers market owing to its rising demand across various personal care products to impart desirable properties such as suspension, consistency, and stabilization to these products. Inorganic modifiers are mainly used for the personal care industry. Rheology modifiers application in the personal care industry is estimated to grow at a CAGR of 3.5% over the period of 2016-2024.

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Top Companies

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

Growth Drivers are

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

 

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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.

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.

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.

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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

Read More:

  1. Asia Pacific Expanded Polyethylene (EPE) Foam Market  Demand, Recent Trends and Developments Analysis 2025
  2. Oilfield surfactants market Research Report, Growth Forecast 2025
  3. Automotive Coatings Market Share Analysis and Research Report by 2025

 



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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