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Rheology Modifiers Global Market Report 2024 Market Report, Size, Share And Analysis 2024-2033
Rheology Modifiers Global Market
As per the report, the rheology modifiers market size has grown strongly in recent years. It will grow from $8.21 billion in 2023 to $8.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The rheology modifiers market size is expected to see steady growth in the next few years. It will grow to $10.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%.
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Construction Sector Growth Boosts Rheology Modifiers Market
The rise of the construction sector is expected to propel the growth of the rheology modifiers market going forward. The demand for decorative paints and coatings increases with the growth of construction projects, including residential, commercial, and institutional buildings. Rheology modifiers are additives used in paints and coatings to control their viscosity, flow behavior, and overall rheological properties. Paints and coatings are extensively used in the construction industry. Decorative paints and coatings are used to add aesthetic value to buildings. For instance, in 2021, according to U.S. Census Bureau, the federal government's largest statistical agency, an estimated 1,595,100 housing units were started in 2021, or a 15.6% increase from the 2020 figure of 1,379,600. Therefore, the rise of the construction sector is driving the growth of the rheology modifiers market.
Innovative Rheology Modifiers Redefine Market Dynamics
Product innovations are a key trend gaining popularity in the rheology modifiers market. Companies operating in the rheology modifiers market are innovating new products to sustain their position in the market. For instance, in April 2021, Clariant AG, a Switzerland-based chemicals company, launched Plantasens Biogum Tara, a natural rheology modifier. With the increasing focus on sustainability, there has been a rise in the development of eco-friendly and bio-based rheology modifiers. Plantasens Biogum Tara is an innovative and sustainable natural rheology modifier designed to enhance the texture and consistency of natural skincare formulations. It addresses the limitations of traditional options and offers exceptional performance.
The rheology modifiers market covered in this report is segmented -
1) By Type: Organic, Inorganic
2) By Application: Paints And Coatings, Cosmetics And Personal Care, Adhesives And Sealants, Pharmaceuticals, Home Care, Oil And Gas, Construction, Inks, Other Applications
3) By Distribution Channel: Direct, Indirect
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Major companies operating in the rheology modifiers market report are Cargill Incorporated, Archer-Daniels-Midland Company, BASF SE, The Dow Chemical Company, Shin-Etsu Chemical Co. Ltd., Evonik Industries AG, Solvay SA, Air Products And Chemicals Inc., Arkema SA, Eastman Chemical Company, Kerry Group plc., Wacker Chemie AG, Huntsman Corporation, Lubrizol Corporation, Clariant International Ltd., Tate And Lyle Plc., Daicel Corporation, Akzo Nobel N.V., Croda International Plc., Stepan Company, Ashland Global Holdings Inc., Innospec Inc., BYK Additives And Instruments (BYK-Chemie GmbH), Omnova Solutions, Elementis Plc., Momentive Performance Solutions, Colorcon Inc., Michelman Inc., RheoSense Inc.
Contents of the report:
1. Executive Summary
2. Rheology Modifiers Market Report Structure
3. Rheology Modifiers Market Trends And Strategies
4. Rheology Modifiers Market - Macro Economic Scenario
5. Rheology Modifiers Market Size And Growth
…..
27. Rheology Modifiers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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