Rheology Modifiers Market Size To Reach $10.91 Billion By 2030

Rheology Modifiers Market Growth & Trends

The global rheology modifiers market size is anticipated to reach USD 10.91 billion by 2030 and is anticipated to expand at a CAGR of 4.2% during the forecast period, according to a new report by Grand View Research, Inc. Key characteristics such as anti-sagging, emulsion stabilization, and leveling, is anticipated to contribute to product demand in the near future.

The boost in sales of personal care & cosmetic products in the European and Asia Pacific countries has triggered the product demand. Owing to the ease of manufacturing and high performance, guar gum, polyurethane, xanthan gum, as well as other rheology modifiers, are predicted to find demand from food applications in the near future. In addition, growing adoption of convenience food products, rheology modifiers shall witness high opportunity in food application, due to their quality of boosting shelf life and quality of final food & beverage products.

On the contrary, one of the key restraints to the industry is the growing requirement for environmental control. Industry participants are being probed to redevelop their products due to rigorous environmental rules that result in high research and development costs. The market is also being restrained by declining ink use owing to an increase in paperless operations.

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Rheology Modifiers Market Report Highlights

• Personal care & cosmetics emerged as the fastest-growing segment with a CAGR of 4.8% over the forecast period. This is attributable to the growing utilization of inorganic products such as silica in the formulation of cosmetic products

• Organic emerged as the fastest-growing type owing to the increasing demand for natural and healthy ingredients, which is driving the demand for rheology modifiers in the country.

• Europe emerged as the fastest growing region, with a CAGR of 5%, due to direct investments in acquiring novel technologies, inventory management, securing raw materials, and enhancing product portfolio by manufacturers in the region.

• The industry is highly competitive on account of the presence of various dominant manufacturing companies such as BASF SE, Dow Chemical Company, Lubrizol Corporation, Clariant, Arkema, Ashland, Akzo Nobel N.V., and Elementis Plc.

Rheology Modifiers Market Segmentation

Grand View Research has segmented the global rheology modifiers market report based on type, end use, distribution channel, and region:

Rheology Modifiers Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Organic

• Inorganic

Rheology Modifiers End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Paints & Coatings

• Personal Care & Cosmetics

• Pharmaceuticals

• Oil & Gas

• Construction

• Other End-use

Rheology Modifiers Distribution Channel Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Direct

• Indirect

Rheology Modifiers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Mexico

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • South Africa

  • Saudi Arabia

List of Key Players in Rheology Modifiers Market

• BASF SE

• The Dow Chemical Company

• Lubrizol Corporation

• Clariant

• Arkema

• Ashland

• Akzo Nobel N.V.

• Elementis Plc.

• BYK Additives & Instruments

• Cargill Incorporated

• DuPont

• Evonik Industries AG

• PPG Industries