Press release
Rheology Modifiers Market Size, Share, Growth, and Opportunities 2024 - 2031 | BASF SE, The Dow Chemical Company, Lubrizol Corporation
Rheology Modifiers Market
The Rheology Modifiers Market is estimated to be valued at USD 8.99 Bn in 2024 and is expected to reach USD 12.08 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Market Dynamics:
The global rheology modifiers market is expected to witness significant growth over the forecast period, owing to increasing demand from the construction industry. The construction industry has been growing rapidly, especially in emerging economies. Rheology modifiers are used in various construction materials such as concrete, mortars, grouts, and cement slurries to enhance their workability. Additionally, growing demand for rheology modifiers from the paints & coatings industry is also expected to drive market growth during the forecast period. Strict environmental regulations regarding volatile organic compound emissions will further spur demand for low VOC and water-based paints and coatings, thereby fueling the growth of rheology modifiers market.
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Rheology Modifiers Market Drivers:
Increasing Demand from Paints & Coatings Industry:
Rheology modifiers find extensive application in the paints & coatings industry for various purposes like thickening, suspension, stabilization, etc. The growing construction activities across both developed and developing economies have propelled the demand for paints & coatings. According to data, global paints & coatings market size was valued at over USD 150 billion in 2019 and is projected to grow at a CAGR of over 4.5% during 2020-2027. This rising consumption of paints & coatings will augment the demand for rheology modifiers in the coming years.
Rheology Modifiers Market Opportunity:
Burgeoning Demand from Developing Countries:
Developing economies in Asia Pacific and Latin America are witnessing massive infrastructure development and industrialization. This has significantly boosted the consumption of paints, coatings, cosmetics, construction chemicals, oil & gas, plastics & composites - the major end-use industries for rheology modifiers. Additionally, low labor and resource costs make these regions an ideal manufacturing hub. Companies can leverage the prevailing opportunities in developing markets to drive future sales and revenue.
Rheology Modifiers Market Trends:
Focus on Bio-Based and Sustainable Chemistries:
With growing sustainability awareness, manufacturers are concentrating on developing bio-based and eco-friendly rheology modifiers. Natural polymers offer advantages like biodegradability, renewability and low toxicity. Starch, cellulose, guar gum and xanthan gum are some common bio-sourced rheology modifiers. Furthermore, strict pollution norms are fuelling product innovation towards greener chemistries. This transition towards sustainable solutions will be a dominant trend shaping the rheology modifiers industry landscape.
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Top Companies Featured in This Report:
★ BASF SE
★ The Dow Chemical Company
★ Lubrizol Corporation
★ Clariant
★ Arkema
★ Croda International Plc.
★ Ashland
★ Akzo Nobel N.V.
★ Elementis Plc.
★ BYK Additives & Instruments
★ Harmony Additives Private Limited
★ Imperial Industrial Minerals Company
Market Segmentation:
By Product Type:
★ By Type: Organic (Cellulosic, Polyurethanes, Polycrylates, Castor Oil, and Others) and Inorganic (Clays, Silicas Others)
By Applications:
★ By Application : Household Products (Homecare, Soaps and detergent, and Others), Paints & coatings, Adhesives & sealants, Personal Care Products, Inks, Pharmaceutical, Building & Construction, Oil & Gas, and Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
What was the size of the Rheology Modifiers Market in 2024, and what is the projected value by 2031?
What is the present global market landscape for the Rheology Modifiers Market?
What strategies offer optimal opportunities for growth maximization in the business?
What recent trends are shaping the Rheology Modifiers Market?
How does the market share of Rheology Modifiers Market revenue, sales, and size vary across specific geographical regions?
Who are the prominent industry players in the Rheology Modifiers Market?
Which segment of the Rheology Modifiers Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Rheology Modifiers sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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