Press release
Rheology Modifiers Market to grow significantly in the coming years, APAC to be major revenue contributor
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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.
Rheology modifiers find applications in various pharmaceutical products such as creams, ointments, gels, syrups, and lotions, to maintain the semi solidity. The pharmaceutical sector, particularly, has been observing remarkable gains across North America, which will positively impact U.S. rheology modifiers market. As per the study, North America rheology modifiers industry collected a revenue of USD 1 billion in 2015 and will exhibit significant annual growth rate over the years ahead. The factors contributing toward the industry growth are the surging demand for personal care products coupled with the escalating geriatric population.
The growth in the end user industries across the globe will fuel rheology modifiers market size. US, being the largest hub of the geriatric population, is estimated to account for a significant share in the rheology modifiers industry. Moreover, the growth of the pharmaceutical and personal care industries in US will also drive the regional revenue.
Increasing usage of paints and coatings, primarily across the automotive and residential sectors will stimulate Rheology modifiers market. The product is extensively used to maintain the flow capability of fluids. It is also used to improvise on the characteristics such as leveling, anti-sagging, and emulsion stability, when mixed with paints. Consumers are now prone to a changing lifestyle, subject to the increased disposable incomes and subsequently rising spending capability of the individuals.
This is expected to positively favor rheology modifiers industry size, as this product plays a crucial role in the manufacture of personal care products such as skin creams, conditioners, body lotions, and shampoos. As per the report by Global Market Insights, Inc., “Worldwide rheology modifiers market having had a revenue of USD 4.94 billion in 2015 and will collect notable revenue with an annual growth rate of 3.7% over 2016-2024.”
Browse key industry insights spread across 100 pages with 152 market data tables & 18 figures & charts from the report, “Rheology Modifiers Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/rheology-modifiers-market
The industry is highly fragmented with key market participants comprising Ashland, Arkema Group, BASF SE, DOW Chemical Company, and Lubrizol Corporation
Glimpse of Table of Content (ToC)
Chapter 4 Rheology Modifiers Market Product Insights
4.1 Rheology modifiers market share by product, 2015 & 2024
4.2 Organic
4.2.1 Global market estimates and forecast, 2013 - 2024
4.2.2 Global Rheology modifiers market estimates and forecast, by region, 2013 - 2024
4.3 Inorganic
4.3.1 Global market estimates and forecast, 2013 - 2024
4.3.2 Global Rheology modifiers market estimates and forecast, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/rheology-modifiers-market
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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