Zion Market Research has published a new report titled “Rheology Modifiers Market (Organic and Inorganic) for Paints and Coatings, Adhesives & Sealants, Pharmaceuticals, Oil & Gas, Construction and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global rheology modifiers market was valued at USD 4.71 billion in 2015 and is expected to reach USD 5.87 billion in 2021, growing at a CAGR of 3.8% between 2016 and 2021.
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Rheology modifier is a viscous substance which is primarily used as thickening an agent in various industries. Rheology modifiers can facilitate exceptional performance properties such as; high film builds, stability and spatter resistance. They act as vital ingredients in paints and coatings applications which extensively offer syneresis control in a wide variety of latex binders. They are also used in adhesives & sealants, construction, printing inks, oil & gas and pharmaceutical among others.
Surging demand for paint and coatings application in various industries such as construction and automotive is expected to drive the demand for rheology modifiers during the years to come. Additionally, utilization of rheology modifiers is increasing due to rising demand for personal care products across the globe over the next few years. However, the technological shift from conventional paper printing to digital media is likely to slow down the demand for rheology modifiers. Moreover, the fluctuating prices of oil and gas are also expected to have the negative impact on the growth of rheology modifiers market in the near future. Nevertheless, emerging various end-industries in the Asia Pacific is expected to augment as new avenues for major players of the rheology modifiers market during the years to come.
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Organic rheology modifier is the most attractive segment of global rheology modifiers market in 2015 that accounted for 68.68% share of the total market. Furthermore, this trend is expected to continue in the coming years due to its heavy utilization in numerous applications including construction, personal care, pharmaceuticals, paints & coatings and amongst others. The shifting preference for organic personal care products among consumers coupled due to their easy availability is likely to bolster the demand at the rapid pace within the forecast period. Inorganic rheology modifier accounted for more than 30% share of the entire market of rheology modifiers in 2015. This trend is expected to continue in the near future owing to growing utilization of inorganic in pharmaceuticals and adhesives and sealants industries.
Paint & coatings application dominated the global rheology modifiers market in 2015. It accounted for 34.84% share in terms of volume consumption of the global market in 2015. Increasing demand for paints & coating across the globe owing to increasing construction and emerging automotive industry is expected to set this segment as most attractive within the forecast period. Moreover, construction emerged to be the second most attractive segment of global rheology market in the same year. Additionally, pharmaceutical and adhesives & sealants are the important outlets that are expected to witness the significant growth within the forecast period.
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Asia-Pacific was the largest market for rheology modifiers market in 2015. It accounted for 36.30% share of the overall market in 2015. The Asia Pacific is also expected to be the most attractive region of the market within the forecast period due to growing demand for construction and automotive industry in emerging economies countries such as India, Singapore, Vietnam, Indonesia, and China. Furthermore, increasing overseas investments in construction and oil and gas industry in the Asia Pacific is expected to propel rheology modifiers market over the forecast period. The Asia Pacific was followed by Europe and North America in the same year. North America is also expected to exhibit significant growth in the near future owing to the emerging construction, personal care and adhesives and sealants industry in the region. Moreover, Latin America and the Middle East & Africa accounted for the least market share in 2015. However, it is also expected to witness the remarkable growth in upcoming years due to growing demand for construction and oil & gas industry in the region.
Key players profiled in the report include BASF SE, Akzo Nobel, Arkema, The Dow Chemical Company, Ashland, Lubrizol, Clariant AG, Croda International Plc., Evonik Industries AG, and Elementis Plc.
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