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Sizing And Thickening Agents Market Report 2024| Size, Analysis, Trends And Strategies By 2024-2033
Sizing And Thickening Agents
The Business Research Company presents an extensive market research report on the Sizing And Thickening Agents Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The sizing and thickening agents market size has grown strongly in recent years. It will grow from $18.75 billion in 2023 to $20.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased food and beverage industry, rise in consumer preference for processed foods, advancements in textile and printing industries, increased demand in pharmaceutical formulations, increased emphasis on personal care and cosmetics..
The sizing and thickening agents market size is expected to see strongly grown in the next few years. It will grow to $25.75 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to health and wellness trends in food products, expansion of non-food applications, focus on textile innovation and sustainability, increasing demand for specialty personal care products, globalization of pharmaceutical and cosmetic markets.. Major trends in the forecast period include advancements in nanotechnology for enhanced functionality, customization of blends for specific applications, growing adoption of hydrocolloids, focus on enhanced rheological properties, integration of digitalization in manufacturing processes..
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Key Market Players:
Major companies operating in the sizing and thickening agents market report are Archer-Daniels-Midland Company, Ashland Global Holdings Inc., Cargill Inc., CP Kelco India Pvt Ltd., DuPont de Nemours Inc., FMC Corporation, The Dow Chemical Company, BASF SE, Akzo Nobel N.V., Ingredion Inc., Jungbunzlauer Suisse AG, Tate & Lyle plc, Kuraray Co. Ltd., Lubrizol Corporation, Eastman Chemical Company, Celanese Corporation, Wacker Chemie AG, Mitsubishi Chemical Holdings Corporation, PPG Industries Inc., Evonik Industries AG, Croda International plc, Clariant AG, Stepan Company, Kao Corporation, Henkel AG & Co. KGaA, Univar Solutions Inc., Biesterfeld AG, Nippon Carbide Industries Co. Inc.
Market Drivers:
An increase in oil production is expected to propel the sizing and thickening agents market growth. The oil industries refer to industries that are involved in discovering a resource, transporting to a refinery, and processing it into a finished product. Sizing and thickening agents improve the fracturing efficiency of oil during exploration, as a result, an increase in oil production increases the demand for the sizing and thickening agents. For instance, in November 2022, according to Energy Information Administration, a US-based provider of energy information, the production of oil in the US in Feb 2022 increased by 14.05% to 11,316 barrels per day compared to 9,925 barrels per day in 2021. Therefore, the increasing oil production drives the sizing and thickening agents market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/sizing-and-thickening-agents-global-market-report
The sizing and thickening agents market covered in this report is segmented -
1) By Sizing Agent Type: Natural, Synthetic Sizing Agents
2) By Thickening Agent Type: Minerals, Hydrocolloids, Other Types
3) By Application: Food And Beverages, Paper And Paperboard, Paints And Coatings, Textile And Fibers, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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