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Rheological Additives Market Expected to Foray Ahead with a Significant CAGR Over the Forecast Period 2018 2028 // Lehmann&Voss&Co., Arkema, BYK Additives, Elementis, Hangzhou Jingyi Chemical Co.,Ltd., Quimvita etc
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High demand for rheological additives specifically from cosmetics and paints & coatings industry is leveraging huge adoption opportunities for the market. As per World Paint & Coatings Industry Association (WPCIA), the global paints & coatings market registered a revenue worth $157.1 billion with 5.3% CAGR. The growth is attributed towards factors, such as increasing infrastructure, growing automotive industry along with increasing awareness towards sustainable products. The increasing paints & coatings industry signifies wide adoption opportunities for rheological additives. Furthermore, increasing population coupled with improving standard of living are the factors that drive global cosmetics industry. Personal and beauty care products volumes are increasing with high growth rates. Hence, increasing demand of rheological additives in combination with growing end-user industries are the major parameters fuelling the market growth over the forecast period.
Rheological Additives Market: Regional Outlook
The global rheological additives market is segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA. Among the above-mentioned regions, North America is expected to contribute to majority of the market share in 2018, in terms of value, owing to high adoption of rheological additives across various end-user industries. Furthermore, South Asia and East Asia are expected to show high growth rates due to growing cosmetics and paints & coatings industry across India, China, Japan and other prominent countries.
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Furthermore, increasing population along with the presence of prominent market players also tend to supplement the regional growth till 2028. India is one of the key emerging markets for rheological additives in the region. Moreover, Middle East is also growing at a considerable growth rate owing to substantially growing end-user industries backed by increasing population estimates. Oceania and Latin America accounts for a substantial market share in terms of rheological additives demand.
Key players of Rheological Additives Market
Prominent players in the global rheological additives market are Lehmann&Voss&Co., Arkema, BYK Additives, Elementis, Hangzhou Jingyi Chemical Co.,Ltd., Quimvita etc. The rheological additives market consists of well-diversified global and regional players with global vendors ruling the market.
The research report presents a comprehensive assessment of the rheological additives market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Rheological Additives market report provides analysis and information, according to market segments such as geographies, type, form and end use industry.
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