This study takes the closer look at different growth trends, futures prospects, Industrial revenue performance, market shares and regulations that will standardize the industry in near future; this would help business owners to strategically evaluate their micro-markets.The global rheology modifiers market size was USD 7,139.6 Million in 2019 and is projected to reach USD 9,292.8 Million by 2027, at a CAGR of 3.3% during the forecast period. Rheology modifiers are witnessing high demand in sectors such as paints & coatings, cosmetics, adhesives, drug development, building & construction, and oil & gas. Factors such as increase in demand from the paints & coatings industry, growth in the production of crude oil, and rise in the level of disposable income drive the global market for rheology modifiers.
The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Rheology Modifiers Market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Rheology Modifiers Market landscape.
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Key Highlights of Report
In April 2019, The Lubrizol Corporation made an announcement about introduction of Carbopol Style 2.0 polymer, an innovative multifunctional rheology modifier. The product offers rheology modification and reduces or eliminates the need for polyvinylpyrrolidone (PVP) or any other fixatives.
Increasing demand for organic rheology modifiers is attributable to their low VOC (volatile organic compound) content and improved sustainability. The rheology modifiers that are free from VOCs are widely used in paints and coatings, cosmetics, and adhesives.
The use of rheology modifiers in the food & beverage industry is rising substantially. Several food formulations, such as salad dressings, sauce toppings, soups, bakery products, gravies, and various other packaged products, use rheology modifiers as additives to obtain the desired thickness and taste.
The rheology modifiers market in the Asia Pacific region is projected to expand at the most rapid rate from 2020 to 2027. Increasing expenditure on building and construction activities and growth of the automotive industry are driving the market in the region.
Key market participants include The Dow Chemical Company, Lubrizol Corporation, Ashland Global Specialty Chemicals Inc., Arkema SA, Croda International PLC, Akzo Nobel NV, Elementis PLC, Cargill Inc., BASF SE, and Clariant AG
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Regional Landscape
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Rheology Modifiers Market industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Rheology Modifiers Market across different regions?
- Who are the major driving forces expected to decide the fate of the Rheology Modifiers Market industry worldwide?
- Who are the prominent market players making a mark in the Rheology Modifiers Market with their winning strategies?
- Which Rheology Modifiers Market trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Rheology Modifiers Market?
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