Rising demand for rheology modifiers from the paints & coatings industry is one of the significant factors influencing the market growth.
Vancouver, BC -- (SBWIRE) -- 01/15/2021 -- Rheology Modifiers Market
Rheology modifiers are referred to as thickeners or viscosity modifiers and play a pivotal role in the products of the home care industry. Rheology modifiers enable paints to spatter in all directions during its application and confers a longer shelf life. According to Emergen Research, the global Rheology Modifiers Market is anticipated to garner a valuation of USD 9,292.8 Million by 2027, expanding at a CAGR of 3.3% during the projected period.
Key market participants include The Dow Chemical Company, Lubrizol Corporation, Ashland Global Specialty Chemicals Inc., Arkema SA, Croda International PLC, Akzo Nobel NV, Elementis PLC, Cargill Inc., BASF SE, and Clariant AG
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Market Drivers
Rheology modifiers have a high requirement in sectors such as building & construction, paints & coatings, drug development, cosmetics, oil & gas, and adhesives, thereby propelling the industry growth. Crucial elements such as augmenting demand from the paints & coatings industry, escalating production of crude oil, and rising disposable income levels are anticipated to drive the market growth for rheology modifiers.
In the cosmetics & personal care industry, rheology modifiers are used to control characteristics' flow, stabilize formulations and improve texture. They are mainly used in body washes, lotions, shampoos, gels, and face cleansers. Rising demand for cosmetic products is thereby driving the market growth.
Product Type Outlook (Revenue, USD Billion; 2017–2027)
Organic
Inorganic
Distribution Channel Outlook (Revenue, USD Billion; 2017–2027)
Online
Offline
Industry Vertical Outlook (Revenue, USD Billion; 2017–2027)
Paints & Coatings
Adhesives & Sealants
Cosmetics & Personal Care
Inks
Pharmaceuticals
Building & Construction
Oil & Gas
Others
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Regional Analysis
Asia Pacific is anticipated to register the highest CAGR during the projected timeline. The regional expansion can be attributed to the increasing expenditure and frequency of building and construction activities in the region, which in turn, increase the demand for rheology modifiers in the region. Moreover, the rapid expansion of the automotive industry in the region is expected to boost market growth further. The Asia Pacific accounted for 43.1% share of the market in 2019.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Rheology Modifiers Market Segmentation & Impact Analysis
4.1. Rheology Modifiers Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand from the paints & coatings industry
4.2.2.2. Rise in the production of crude oil
4.2.2.3. Rise in the level of disposable income
4.2.2.4. Rising demand in the APAC region
4.2.3. Market restraints analysis
4.2.3.1. Hazardous impact on environment
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Rheology Modifiers Market By Product Type Insights & Trends, Revenue (USD Million)
5.1. Product Type Dynamics & Market Share, 2019 & 2027
5.1.1. Organic
5.1.2. Inorganic
Chapter 6. Rheology Modifiers Market By Distribution Channel Insights & Trends Revenue (USD Million)
6.1. Distribution Channel Dynamics & Market Share, 2019 & 2027
6.1.1. Online
6.1.2. Offline
Chapter 7. Rheology Modifiers Market By Industry Verticals Insights & Trends Revenue (USD Million)
7.1. Industry Verticals Dynamics & Market Share, 2019 & 2027
7.1.1. Paints & Coatings
7.1.2. Adhesives & Sealants
7.1.3. Cosmetics & Personal Care
7.1.4. Inks
7.1.5. Pharmaceuticals
7.1.6. Building & Construction
7.1.7. Oil & Gas
7.1.8. Others
To be Continued..!
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