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Sizing And Thickening Agents Market: Industry Analysis, Segments, Drivers And Trends To 2033
Sizing And Thickening Agents Market
Sizing And Thickening Agents Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $25.75 billion In 2028 At A CAGR Of 6.4% :
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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Sizing And Thickening Agents Market Major Segments
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
Key Driver - Rising Oil Production Fuels Growth In The Sizing And Thickening Agents Market
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.
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Prominent Trend - Innovative Bergamuls Et2 Launch Strengthens Sizing And Thickening Agents Market
Product innovation is a key in the sizing and thickening agents market. Major companies operating in the sizing and thickening agents market are focused on developing innovative solutions to strengthen their position in the market. For instance, in October 2023, Berg + Schmidt, a Germany-based enterprise in the field of food and feed ingredients, launched BergaMuls ET2, a thickening agent and co-stabilizer used in the cosmetics and textile industries. It is the newest emulsifier made of plants that supports exceptional skin feel and rheological qualities. It's beneficial to emulsifier-free concepts because it doesn't show surface activity and is kind to the skin barrier. BergaMuls ET2 is a natural thickening agent, co-stabilizer, and o/w emulsifier made from guar gum, wood, and oats. Viscosity and emulsion stability are supported by the combination of water-soluble and insoluble components. When used at concentrations between 1 and 3%, it causes an o/w emulsion's viscosity to increase linearly with the oil phase's size.
Sizing And Thickening Agents 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.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the sizing and thickening agents market in 2023. The regions covered in the sizing and thickening agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sizing And Thickening Agents Market Report Structure
3. Sizing And Thickening Agents Market Trends And Strategies
4. Sizing And Thickening Agents Market - Macro Economic Scenario
5. Sizing And Thickening Agents Market Size And Growth
…..
27. Sizing And Thickening Agents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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