Rheology Modifiers Market Outlook
According to the report by Expert Market Research (EMR), the Global Rheology Modifiers Market Size reached a value of USD 6.1 billion in 2022. Aided by the rising demand for rheology modifiers in various industries such as paints and coatings, cosmetics, and adhesives, the market is projected to further grow at a CAGR of 3.7% between 2023 and 2028 to reach a value of USD 7.58 billion by 2028.
Rheology modifiers, also known as thickeners or flow control agents, are used to adjust the viscosity of the material to achieve the desired flow characteristics. They play an essential role in improving the texture, increasing stability, and enhancing the application properties of various products. Apart from its viscosity controlling properties, rheology modifiers also enhance the suspension of pigments and active ingredients, making them an invaluable component in diverse industrial applications, including paints and coatings, cosmetics, adhesives, and more.
The increasing demand for high-quality paints and coatings is driving the global rheology modifiers market growth. With the growing construction and automotive industries, there has been a significant rise in the requirement for superior paints and coatings, leading to an increase in demand for rheology modifiers. These modifiers play a crucial role in enhancing the stability, gloss, and levelling properties of the paint, thereby improving its overall performance.
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The expanding applications of rheology modifiers in the cosmetic industry also significantly contribute to the rheology modifiers market development. Rheology modifiers are vital in cosmetics, providing stability to the formulation and improving the texture and application of various products like creams, lotions, and makeup. They offer a rich, luxurious feel to cosmetics and personal care products, thereby enhancing the consumer experience.
Moreover, the use of rheology modifiers in the adhesive industry is also propelling the rheology modifiers market. They are used to prevent the settling of fillers, maintain the adhesive’s stability during storage, and improve the application properties. Their ability to control the flow and spread of adhesives makes them an essential component in adhesive formulation.
Additionally, the rising focus on the development of bio-based rheology modifiers has resulted in increased opportunities for the rheology modifiers market growth. With the escalating concern for sustainability and the environment, there has been an upsurge in the demand for eco-friendly alternatives. This trend has led to the emergence of bio-based rheology modifiers, which are expected to significantly boost the rheology modifiers market expansion.
Rheology Modifiers Market Segmentation
The market can be divided based on type, form, formulation, functionality, application, and region.
Market Breakup by Type
- Organic
- Inorganic
Market Breakup by Form
- Liquid
- Solid
Market Breakup by Formulation
- Water Based
- Solvent Based
Market Breakup by Functionality
- Leveling Agent
- Depressants
- Thinner
- Thickener
- Thixotropic Agents
- Others
Market Breakup by Application
- Sealants and Adhesives
- Paints and Coatings
- Cosmetics and Personal Care
- Pharmaceuticals
- Textiles
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global rheology modifiers companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- BASF SE
- Arkema LLC
- Clariant AG
- Croda International Plc
- The Lubrizol Corporation
- The Dow Chemical Company
- Elementis PLC
- Others
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