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Rheology Modifiers Global Market Exhibit a Remarkable CAGR of 4.8% and is expected to reach $10.42 Billion By 2028 | Kerry Group plc., Wacker Chemie AG, Huntsman Corporation, Lubrizol Corporation, Elementis Plc.
Rheology Modifiers Global Market
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%. The growth in the forecast period can be attributed to sustainable formulations, nano-based modifiers, demand in emerging markets, digitalization in materials science, biomedical applications. Major trends in the forecast period include customization and tailoring, bio-based modifier development, rheology in personal care, packaging innovations, rheology in electronics.
Market Overview -
Rheology modifiers, also known as viscosity modifiers, are substances that are added to a material to change its flow behavior or viscosity. They are commonly used in various industries such as paints and coatings, adhesives, cosmetics, and food processing.
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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.
Competitive Landscape -
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.
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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