ALBANY, New York, November 9, 2015 /PRNewswire/ --
Transparency Market Research has published a new report titled "Rheology Modifiers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023." According to the report, the global market for rheology modifiers was valued at US$4.80 bn in 2014 and is anticipated to reach US$6.54 bn in 2023, expanding at a CAGR of 3.5% between 2015 and 2023. In terms of volume, the global rheology modifiers market stood at 1,846.1 kilo tons in 2014.
Browse the full Rheology Modifiers (Organic and Inorganic) Market for Paints & Coatings, Personal Care, Adhesive & Sealants, Textiles, Pharmaceuticals, Construction, Pulp & Paper, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/rheology-modifiers-market.html
Growth in paints & coatings, pulp & paper, personal care, and construction industries in Asia Pacific is estimated to drive demand for rheology modifiers during the forecast period. Rheology modifiers when added to a fluid composition alter or modify its rheology as per applications requirement. Rheology modifiers play a significant role in controlling the rheology of fluids in various end-user industries such as paints & coatings, pharmaceuticals, personal care, adhesives & sealants, construction, and pulp & paper. Growth in various end-user industries, especially in Asia Pacific, is driving the global rheology modifiers market. However, decline in demand for ink is chiefly restricting growth of the market. Increasing consumer preference for digital media such as Internet, electronic publications, e-books, and e-papers has restricted demand for printed newspapers, published books, catalogs, and other printed materials. This reduction in demand has hampered consumption of inks in print media.
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Organic rheology modifiers was the largest product segment of the rheology modifiers market in 2014. These rheology modifiers are primarily employed in industries such as paints & coatings, pharmaceuticals, and construction to maintain consistency of end-user products as desired. Organic rheology modifiers primarily include acrylic polymers, microcrystalline cellulose, polyurethane, xanthum gum, and guar gum. Inorganic rheology modifiers was the second-largest product segment in 2014. Organo-clay and silica-based rheology modifiers are the most common inorganic rheology modifiers employed in various end-user industries. Organo-clay-based rheology modifiers include both hectorite and bentonite types, which primarily serve personal care and paints & coatings industries. Precipitated and fumed silica are largely employed as rheology modifiers in pharmaceuticals and adhesives & sealants industries.
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Paints & coatings was the largest application segment of the rheology modifiers market and accounted for over 30% of the market share in 2014. Pharmaceuticals is anticipated to be the fastest-growing application segment of the rheology modifiers during the forecast period. Rheology modifiers play an important role in maintaining the exact viscosity as desired by various medical formulations (ointments, lotions, etc.) in the pharmaceuticals industry. Increasing number of health issues, rising disposable income in developing economies such as India and China, and growing health awareness are fueling the global pharmaceuticals industry. This, in turn, is propelling growth of the rheology modifiers market. Construction was the second-largest application segment of the rheology modifiers market in 2014. Another major end-user of rheology modifiers is personal care. Rheology modifiers are primarily consumed in personal care products such as creams, hair serums, shampoos, skin care lotions, and other hair and skincare products. Rheology modifiers offer excellent stabilization, consistency, and suspension properties. They also help achieve a smooth texture in personal care products as per end-user application requirements.
Asia Pacific accounted for more than one-third share of the rheology modifiers market in 2014. Key factors driving the rheology modifiers market in Asia Pacific are rapidly growing construction industry, increasing demand for automotives, and rising consumption of paints and coatings in various end-user industries, especially in developing economies. China is one of the largest producers and consumers of rheology modifiers in the Asia Pacific primarily due to growing economy and large industrial base. Rising industrialization and upcoming construction projects in North America are fueling growth of paints & coatings and adhesives & sealants industries. These factors, in turn, are driving the rheology modifiers market in North America. Significant investments in R&D activities, increasing awareness regarding health and hygiene, and rising health issues in Europe are driving end-user industries such as pharmaceuticals and personal care in the region. This, in turn, is boosting the rheology modifiers market.
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Key manufacturers of rheology modifiers include Air Products and Chemicals, Inc., Akzo Nobel N.V., Altana AG, Arkema S.A., Ashland Inc., BASF SE, Cargill Inc., Clariant, Croda International plc, Diransa San Luis S.A., The Dow Chemical Company, DuPont, Eastman Chemical Company, Elementis plc, The Euclid Chemical Company, Evonik Industries AG, FCC Inc., Global Drilling Fluids and Chemicals Limited, Hangzhou Jingyi Chemical Co., Ltd., The Lubrizol Corporation, Mallard Creek Polymers, Inc., The MÜNZING Group, PPG Industries, Inc., San Nopco Limited, and SNF Holding Company.
The report segments the global rheology modifiers market 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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