Organic Rheological Modifiers Market by Manufacturers, Product, Device, Regions, Type and Application, Forecast to 2030
Organic Rheological Modifiers Market
The Organic Rheological Modifiers Market MRFR (Market Research Future) Report is a comprehensive analysis of this business area and covers all key aspects of the sector, including estimates of net income, current remuneration, regular deliveries, segment characteristics, market size, and market trends. The organic rheology modifiers market shows promise and has the potential to cover significant grounds in the coming years. The market can possibly garner a growth rate of 3.9% between 2016 and 2023 (appraisal period).
Major Boosters and Challenges
Heightened product demand in several end-use industries have led to strong growth of the Organic Rheological Modifiers Market in recent years. Paints & coatings has emerged as a key end-user and is primarily responsible for driving the market expansion worldwide. Construction, automotive, metal, furniture, and various industries are main end-users of the paints and coatings industries and therefore, the stupendous growth of these sectors across developed countries in Europe and America can be quite favorable for the organic rheological modifiers industry in subsequent years.
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Cosmetics sector has been experiencing striking growth in emerging countries like Brazil, India and China, in view of rising consumer awareness about premium grooming products and their willingness to spend substantially on these items. It is anticipated that the impressive growth of the cosmetics industry globally can raise the sales of organic rheology modifiers, resulting in robust market growth. Another growth rendering aspect can be the surge in shale gas exploration as well as crude oil production.
Prominent Firms
The key manufacturers of organic rheological modifiers in the global industry are AkzoNobel N.V. (Netherlands), Dow Corning Corporation (US), The Lubrizol Corporation (US), Ashland (US), BASF SE (Germany), Arkema Group (France), Clariant (Switzerland), Croda International Plc (UK), Elementis plc (UK), Evonik Industries AG (Germany), to mention a few.
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Another prominent end-user in the global market is the pharmaceutical industry, wherein organic rheological modifiers find applications in multiple semi-solid formulations like creams, ointments, syrups, gels and lotions. Some factors encouraging the growth of the pharma sector can be the expanding elderly population, changes in lifestyles and upgradation of healthcare infrastructures in China and India, which consequently propels the demand for the organic rheological modifiers market.
Segmental Analysis
The top segments considered in the MRFR study for the organic rheological modifiers industry include type, application, and end-users.
Types of organic rheological modifiers include cellulosic as well as synthetic.
Key applications are binders, sealants, adhesives, and others. Organic rheological modifiers find extensive deployment in sealants and adhesives to boost their properties of solvent-borne, water-borne, high-solid systems and UV-cured applications.
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Major end-users identified in the MRFR market study are construction, personal care, paints & coatings, oil & gas, pharmaceuticals, and others. Heightened awareness levels among people about hygiene and personal grooming has raised the demand for organic rheological modifiers in the personal care industry. Organic rheology modifiers present in personal care products provide excellent consistency, suspension and stabilization properties, which results in amplified demand among the consumers.
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