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Rheology Modifiers Market: This Report Explains How This Industry Will Witness Comprehensive Growth
Rheology Modifiers Market
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The growth of the rheology modifiers market is primarily driven by the rising demand for personal care products and expanding applications in various industries. However, volatile crude oil prices pose challenges to market expansion. Despite this, rapid urbanization and the increase in commercial projects are expected to provide significant growth opportunities.
Market Segmentation:
The market is segmented by type, application, distribution channel, and region:
- Type: The organic segment dominated in 2020, holding nearly 60% of the total market share, and is expected to maintain its lead. The inorganic segment is anticipated to grow at the fastest CAGR of 4.4% during the forecast period.
- Distribution Channel: The indirect segment accounted for about 60% of total revenue in 2020 and is projected to continue leading through 2030. Meanwhile, the direct segment is expected to grow at the fastest CAGR of 4.5% from 2021 to 2030.
- Region: Asia-Pacific led the market in 2020, capturing over one-third of the global share, and is forecasted to register the highest growth at a 4.3% CAGR by 2030. Other regions analyzed include North America, Europe, and LAMEA.
Key Players:
Major companies in the rheology modifiers market 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 players are focusing on strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their market presence.
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