Rheology Modifiers Market 2018 Top Key Players DOW Chemical Company, BASF SE, Ashland, Lubrizol Corporation and Arkema Group
Date: 2018-09-19   Author: Ronak Bora  Category: #market

Modifiers Market is expected to reach USD 6.83 billion according to this new research report.
The rheology modifiers market is probable to generate revenue over USD 6.83 billion by 2024, with the expected gains of 4% CAGR. The market demand will be primarily driven by paint & coatings industry, which contributed to 30% of overall market share in 2015, and is estimated to exceed USD 210 billion during the forecast period.

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The global personal care business generated revenues up to USD 580 billion and by 2024, its  is projected to reach USD 790 billion. It will have a positive influence over the rheology modifiers industry growth in the forecast period. Increasing consumer consciousness towards individual care and hygiene accompanied by their rising purchasing power for products will drive the demand for body lotions, shampoos, creams, conditioners and other personal care goods.

Wavering crude oil prices directly influence the costs of raw materials and commodity chemicals used in the product manufacturing. Rheology modifiers synthesis involves crude oil usage to a significant extent. The product market growth is likely to be hampered by the instability of crude oil prices by 2024. Additionally, declining printing ink usage owing to the rising consumer focus towards the digital media might negatively affect industry growth.

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The organic rheology modifiers are anticipated to observe gains over 3.5% by 2024. The growth is attributed to their demand from the end-user industries such as paints & coatings, construction and pharmaceuticals. Whereas, their inorganic counterparts find numerous applications in the cosmetics industry and on precipitation they are used in paints & coatings and pharmaceuticals industries.

Considering the application segment, the global sealants & adhesives market is estimated to surpass USD 70 billion in the forecast period, which was valued over USD 45 billion in 2015. This presents broader growth aspects for the product market in sealants & adhesives applications by 2024. Paint & coatings application segment generated revenue over USD 1.5 billion in 2015, which holds high growth avenues in the forecast period owing to the budding automotive and construction industries, thereby boosting the rheology modifiers industry.

In 2015, the Asia Pacific region, particularly led by India, Japan and China accounted for nearly 35% of the global product market volume. The growth is attributed to the rapid industrialization coupled with cumulative construction investments by the regional government. The U.S. rheology modifiers were valued at above USD 830 million in 2015.The increasing demand for personal care product and the aging population will boost the product market growth in the U.S. by 2024.

Key market players are Air Products and Chemicals Inc., Ashland Inc., BASF SE, Akzo Nobel N.V., Croda International plc, Arkema S.A., Cargill Inc., Diransa San Luis S.A., Altana AG, The Dow Chemical Company, Clariant, The Euclid Chemical Company, DuPont, FCC Inc., Evonik Industries AG, Eastman Chemical Company, The Lubrizol Corporation, Elementis plc, Global Drilling Fluids and Chemicals Limited, MÜNZING Group, Hangzhou Jingyi Chemical Co., Ltd., San Nopco Limited, SNF Holding Company, PPG Industries, Inc. and Mallard Creek Polymers, Inc.
Market share calculation in this report is not done based on companies covered in it. The calculation of Rheology Modifiers market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

 



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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