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Rheology Modifiers Market New Horizons in Market Size Exploring Future Growth Potential
Rheology Modifiers Market
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The growth of the global market for rheology modifiers is being driven by the rising demand for personal care products and the increasing application of rheology modifiers. However, the market is facing challenges due to fluctuations in crude oil prices. Nevertheless, opportunities are expected to emerge from rapid urbanization and an increase in the number of commercial projects.
The impact of the COVID-19 pandemic on the global market for rheology modifiers has been negative due to manufacturing shutdowns and disruptions to import and export activities. However, as the global situation improves, the market is expected to recover.
The report categorizes the global market for rheology modifiers by type, application, distribution channel, and region. In terms of type, the organic segment dominated the market in 2020 and is projected to remain the dominant segment through 2030. The inorganic segment is expected to grow at the fastest rate during the forecast period.
In terms of distribution channels, the indirect segment accounted for the majority of market revenue in 2020 and is expected to continue leading through 2030. However, the direct segment is projected to grow at the fastest rate between 2021 and 2030.
The Asia-Pacific region was the largest market for rheology modifiers in 2020, and it is also expected to have the highest growth rate through 2030. The other major regions covered in the report are North America, Europe, and Latin America, Middle East, and Africa (LAMEA).
Key market players in the global market for rheology modifiers include Arkema, Ashland, BASF SE, Berkshire Hathaway Inc., Akzo Nobel N.V., Byk Additives and Instruments, Elementis Plc., The Dow Chemical Company, Clariant, and Croda International Plc. These companies have used various strategies, such as partnerships, expansions, collaborations, and joint ventures, to strengthen their positions in the market.
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