Sizing and Thickening Agents Market High Growth Opportunities 2022, Emerging Trends, Forecast 2030

 

Sizing and Thickening Agents Market Overview:

The sizing and Thickening Agents Market is projected to be worth USD 26.37 Billion by 2030, registering a CAGR of 7.7% during the forecast period (2022–2030).

This is contributing to the growth of the sizing and thickening agents market. Among the various application industries, paints and coatings is a dominant segment and are expected to show the same trend over the forecast period.

Market Segmentation:

The sizing and thickening agents market is segmented into type and application. On the basis of the type, the market is segmented into natural sizing agents, synthetic sizing agents, mineral thickening agents, and hydrocolloid thickening agents. On the basis of the application, the global sizing and thickening agents market is segmented into food and beverage, paper & paperboards, paints & coatings, textile and fibers, cosmetics & personal hygiene, and others.

Market Scenario:

The paint & coating segment is the leading type in the market on account of its growing use in building and construction, electrical & electronics, and automotive components. Moreover, growing infrastructural investments are further expected to contribute to the growth of the segment during the forecast period.

Regional Analysis:

The global sizing and thickening agents market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance during the forecast period. The developing end-user industries in the region such as construction and automotive are expected to fuel the market growth. Moreover, the favorable government regulations have resulted in the shifting of the manufacturing base in the Asia Pacific, which has further propelled the market growth. The major counties attributing to the growth of the sizing and thickening agents in this region are India, China, and Japan. North America is the dominant region in the market sizing and thickening agents. The developed end-user industries coupled with the growing adoption of sizing and thickening agents are the major factor contributing to the growth of the market.

Competitive Analysis:

Some of the prominent players operating in the global sizing and thickening agents market are Ashland (U.S.), Cargill Incorporated (U.S.), CP Kelco (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), and AKZO Nobel N.V.(Netherland), FMC Corporation (U.S.), and Archer Daniels Midland Company (U.S.) among others.

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