Paint Thickeners Market to grow at a rate of 3.90%, Size, Share, Trends
Paint thickeners market will expect to grow at a rate of 3.90% for the forecast period of 2021 to 2028. Paint thickeners market report analyses the growth, which is currently being growing due to the increasing need for efficiency in packaging.Rheology modifiers used to achieve optimum efficiency in paint and coating systems by monitoring their stability, thixotropy, stain resistance, and sagging are paint thickeners. In order to obtain optimum flow behaviour, they are usually introduced before the dispersing stage. All major types of paint thickeners can be either grouped as organic or inorganic paint thickeners.
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The growing adoption of new technological advancements in these thickeners, rising trend of painting the walls with new technologies, increasing growth of the industrial, transportation and textile sector across the globe, rising number of population, increasing levels of disposable income of the people along with improving consumer awareness among the consumer, surging levels of investment by the government and private sector on essential public infrastructure are some of the major as well as vital factors which will likely to augment the growth of the paint thickeners market in the projected timeframe of 2021-2028. On the other hand, rapid growth of the construction industry in various regions, increasing levels of investment in research and development activities while helps in the expansion of the industry along with growing demand for decorative paints for various aesthetic reasons which will further contribute by generating massive opportunities that will lead to the growth of the paint thickeners market in the above mentioned projected timeframe.
Volatility in the prices of raw material along with changing the geopolitical structure of various countries which will likely to act as market restraints factor for the growth of the paint thickeners in the above mentioned projected timeframe. Rising concern regarding the side effects of thickeners along with poor rheological properties which will become the biggest and foremost challenge for the growth of the market.
Key Players Analysis"
The major players covered in the paint thickeners market report are BASF SE; Cargill, Incorporated.; Henkel Adhesives Technologies India Private Limited.; DuPont; Ingredion Incorporated; ADM; Eastman Chemical Company; Akzo Nobel N.V.; Ashland; CP Kelco U.S., Inc.; Celanese Corporation; PPG Industries, Inc.; The Lubrizol Corporation; Tate & Lyle; PQ Corporation; BYK-Chemie GmbH; The Sherwin-Williams Company; SAN NOPCO LIMITED; Clariant; Dow; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Paint Thickeners Market Scope and Market Size
Paint thickeners market is segmented on the basis of type, end-users and paint type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of type, the paint thickeners market is segmented into starch, xanthan gum, carrageenan, guar gum, locust bean gum, gum Arabic, others.
Based on end-users, the paint thickeners market is segmented into building and construction, transportation, packaging, textile, industrial, and others.
On the basis of paint type, the paint thickeners market is segmented into water-based paint, oil based paint, and solvent-based paint.
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