A new report, titled “Rheology Modifiers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, published by Transparency Market Research presents a detailed overview of the global rheology modifiers market. The report states that the market, which had a valuation of US$4.8 bn in 2014, will expand at a moderate but positive 3.50% CAGR between 2015 and 2023 and rise to US$6.5 bn by 2023. In terms of volume, the market valued 1,846.1 kilo tons in 2014.
Rheology modifiers play a crucial role in controlling the rheology of fluids in a number of end-use industries such as adhesives and sealants, pharmaceuticals, paints and coatings, and construction. The report states that growth of the end-use industries, especially in Asia Pacific, will propel the global rheology market over the report’s forecast period.
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However, the market’s growth is expected to be restricted to some extent owing to the declining demand for ink in the global market. Rising consumer preference for electronic publications such as e-papers, e-journals, e-books, and others is leading to a continuous reduction in the overall demand for inks in print media, hampering the overall development of the global rheology market.
The report segments the global rheology market on the basis of three criteria: product type, application, and geography. Of the key product types studied in the report, the segment of organic rheology modifiers held the largest share in the global market in 2014. The segment of organic rheology modifiers primarily includes products such as xanthum gum, acrylic polymers, polyurethane, and microcrystalline cellulose. The segment of inorganic rheology modifiers includes products such as silica-based rheology modifiers and organo-clay.
Of the key application areas of rheology modifiers studied in the report, paints and coatings accounted for the largest share, an estimated 30%, in the global market in 2014. Over the report’s forecast period, application of rheology modifiers in the pharmaceutical industry is expected to grow at the fastest pace.
Of the key regional markets analyzed in the report, Asia Pacific accounted for more than one-third of the global market in 2014. China is one of largest manufacturers and consumers of rheology modifiers in Asia Pacific, primarily owing to the large industrial base of the country. Upcoming construction projects in North America and rising investments in research and development in industries such as personal care and pharmaceuticals in Europe are driving an increased demand for rheology modifiers in these regions.
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The report also gives a crisp overview of the competitive landscape of the market with the help of business profiles of some of the key companies in the market and an analysis of some of the most crucial developments. The companies profiled in the report include The MÜNZING Group, Air Products and Chemicals, Inc., Altana AG, Akzo Nobel N.V., BASF SE, Arkema S.A., Clariant, Ashland Inc., Cargill Inc., Diransa San Luis S.A., Eastman Chemical Company, Croda International plc, The Dow Chemical Company, Global Drilling Fluids and Chemicals Limited, Evonik Industries AG, Elementis plc, SNF Holding Company, The Euclid Chemical Company, DuPont, FCC Inc., The Lubrizol Corporation, Hangzhou Jingyi Chemical Co., Ltd., Mallard Creek Polymers, Inc., San Nopco Limited, and PPG Industries, Inc.
The rheology modifiers market has been segmented as follows:
Rheology Modifiers Market – Product Segment Analysis
Rheology Modifiers Market - Application Analysis
- Paints & Coatings
- Personal Care
- Adhesives & Sealants
- Pulp & Paper
- Others (Including Mining Chemicals, etc.)
Rheology Modifiers Market - Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
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