Organic Rheological Modifiers Market Outlook & Forecast Report 2021-2026 | Evonik Industries AG (Germany), Dow Corning Corporation (US), BASF SE (Germany)
Market Outline
As per the latest study conducted by
Market Research Future (MRFR), the global organic rheological modifiers market
will be showcasing a healthy growth trajectory at a CAGR of 3.9% during the
forecast period (2016-2023).
Growth Drivers and Top Barriers
Organic rheology modifiers play an integral role in numerous
end-use industries like adhesives & sealants, paints & coatings,
personal care & cosmetics, pharmaceuticals, agriculture, construction, oil
& gas, ceramics, rubber & plastics, pulp & paper, textiles, food
& beverage, textile and electronic, to name a few. Generally known as
thickeners or viscosifiers, rheology modifiers influence the system to a large
extent, by altering the viscosity or thickness of the compound.
At present, a number of rheological modifiers are available in
the market; with the paints & coating industry largely responsible for the
strong demand for organic rheology modifiers. This is backed up by the growing paints
& coating application in the residential and non-residential construction
sector, coupled with the expanding industrial paints & coating application
in developing economies like India, China, Indonesia, Brazil, etc.
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Market Segmentation
The market for organic rheology modifiers is segmented on the
basis of type, application, and end users.
The global market, on the basis of the type, is segmented
into cellulosic, and synthetic.
Organic rheological modifiers find numerous applications in
adhesives, sealants, binders, and others.
The end users in the global market include paints &
coatings, personal care, pharmaceuticals, oil & gas, construction, and
others.
Regional Analysis
Region-wise, the market for organic rheological modifiers is
segmented into Europe, Asia Pacific (APAC), Latin America, North America, and
the Middle East & Africa.
Based on the geographical distribution of the global market,
Asia Pacific holds the largest share, on account of the growing end user
industries like paint & coating and oil & gas. Also, strategic
development along with product launches, acquisitions mergers, partnerships,
agreements, joint ventures and collaborations by major participants in the
region is resulting in the consistent market growth.
Just behind APAC is the region of Europe, which is the
second-largest market in the global organic rheological modifiers. The regional
market in Europe is considered to be one of the most profitable markets, in
terms of both volume and value. In the region, United Kingdom is leading the
market growth, recording the strongest demand in the year 2016.
With the third-largest share in the global organic
rheological modifiers market, North America has been a strong contender among
all the regions. The United States (U.S), United Mexican States and Canada make
massive contribution to the regional market growth, in terms of the high demand
for organic rheological modifiers. Whereas, Middle East & Africa and Latin
America will other attractive markets for organic rheological modifiers, with
the predictions of the markets to show much better growth in the next few
years.
Key Players
The well-established players in the global organic
rheological modifiers market include The Lubrizol Corporation (US), Evonik
Industries AG (Germany), Dow Corning Corporation (US), BASF SE (Germany),
Elementis plc (UK), AkzoNobel N.V. (Netherlands), Clariant (Switzerland),
Ashland (US), Croda International Plc (UK), Arkema Group (France), among
others.
Industry Update
March 2019 - Dow Europe GmbH, part of The Dow Chemical
Company ("Dow"), will be expanding the Dow beauty care specialties
organic product range in Greece, distributed by Univar Solutions. Univar
Solutions is set to market as well as sell the entire range of Dow's personal
care specialty ingredients in the country, which
includes ACULYN rheology modifiers, ACUDYNE hair styling polymers, among
others.
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