Press release
Water Based Acrylates Copolymer Rheology Modifiers Market Growth by Arkema Group, BASF SE, The Lubrizol Corporation, The Dow Chemical Company, Euclid Chemicals, 3V Sigma s.p.A., and AkzoNobel N.V.
Water Based Acrylates Copolymer Rheology Modifiers Market is fragmented on the basis of Application and Region
Geographically, the Water Based Acrylates Copolymer Rheology Modifiers Market is segmented into five regions viz. North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Europe emerged as the leading Water Based Acrylates Copolymer Rheology Modifiers Market in 2016, driven by the growth of industries such as personal care, paints & coatings, and pharmaceuticals. Europe region accounted for around 35% of the overall volume share in 2016 and is expected to reach USD 162.7 million with the moderate CAGR of around 4.12% over the forecast period. Russia, Germany, France, and Spain are among the major contributors in the regional market growth and will continue their dominance during the review period on account of wide utilization of rheology modifiers in personal care and adhesives & sealants. Russia accounts for a market value of USD 22.6 million and is projected to reach USD 30.6 million during the review period.
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Asia Pacific region accounted for around 30% of the overall volume share in 2016 and is expected to witness CAGR of around 5.02% over the forecast period. The demand for Water Based Acrylates Copolymer Rheology Modifiers are expected to surge in emerging economies such as China, India, and Vietnam due to growing construction and paints & coatings sector. Additionally, the Middle East & Africa is predicted to witness an average growth rate, growing with CAGR of 4.48% over the forecast period. In Middle East & Africa, Turkey accounted for the largest market share with a value of USD 5.8 million in 2016. Developed regions such as North America and Latin America are estimated to witness a significant growth due to strict regulatory framework along with high technology adoption rate.
Segmentation:
The Water Based Acrylates Copolymer Rheology Modifiers Market is fragmented on the basis of application and region. Based on application, the Water Based Acrylates Copolymer Rheology Modifiers are divided into paints & coatings, personal care, adhesives & sealants, pharmaceuticals, homecare & industrial cleaning, construction, pulp & paper, minerals, and others. Among these, paints & coatings dominated the market with a major value share of USD 92.4 million in 2016. Personal care was the second largest market and is expected to grow with the highest CAGR of 5.43%. Based on region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Synopsis of Water Based Acrylates Copolymer Rheology Modifiers Market:
Rheology Modifiers are the specialty additives which are used in various industries to control the fluidity profile of the products. Rheology modifiers helps in either increase or decrease the viscosity of the products. They are classified into organic or inorganic modifiers. Acrylate Copolymer Rheology Modifiers are synthetic organic Rheology Modifiers which can either be associative or non-associative type (ASE & HASE). Other important types of Rheology Modifiers available in market are cellulosic and polyurethane based rheology modifiers. They are widely utilized in numerous applications such as personal care, construction, homecare & industrial cleaning, paints & coatings, adhesives & sealants, pharmaceuticals, pulp & paper, minerals, and other.
As per MRFR’s analysis, some of the market factors and trends identified in the Global Water Based Acrylates Copolymer Rheology Modifiers Market include growth of construction sector, increasing demand for personal care products, and favorable government regulations. Furthermore, increasing demand from paints & coatings industry, growing cosmetics & personal care industry, along with the increasing prominence of Waterborne Rheology Modifiers are predicted to give new impetus to the Water Based Acrylates Copolymer Rheology Modifiers DEMAND over the forecast period. On the other hand, availability of various alternatives for this product in the market is expected to hinder market growth during the review period. With the aforementioned reasons market is estimated to reach USD 471.9 million by 2023 with a CAGR of 4.35% over the forecast period.
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