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Rheology Modifiers Market Growth Will Be Stimulated by Paints & Coating Industry to Exceed $210 Bn by 2024

Author : Ronak Bora | Published Date : 2019-08-07 

Rheology Modifiers Market size is expected to witness healthy CAGR during the forecast timeframe catalyzed by rising demand for paints & coating industry, which is forecast to exceed USD 210 billion by 2024, is estimated to be the most lucrative sector for this billion-dollar market over the coming period. Paints and coatings industry accounted for nearly 30% of the global rheology modifiers share in 2015. These modifiers are witnessing a huge demand across this industry, owing to their ability to improve the durability, consistency, emulsion stability, leveling, and anti-sagging properties of the paints. The increasing urbanization coupled with the growing automotive and construction industry is favorably impacting the paints & coatings market, which in turn will drive the rheology modifiers market size.

Personal care industry, which is yet another booming industry, is also a vital driving factor for rheology modifiers market. personal care industry, having had a market value of USD 580 billion in 2015, is estimated to surpass USD 790 billion by 2024. This growth will in turn boost rheology modifiers market owing to its rising demand across various personal care products to impart desirable properties such as suspension, consistency, and stabilization to these products. Inorganic modifiers are mainly used for the personal care industry. Rheology modifiers application in the personal care industry is estimated to grow at a CAGR of 3.5% over the period of 2016-2024.

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Rheology modifiers are the materials (organic or inorganic) which are used to control the rheology (flow) properties of the fluid formulations. These compounds have gained significant importance worldwide, driven by their huge set of applications across various end use industries such as Paints & Coatings, Adhesives & Sealants, Personal Care, Pharmaceuticals, Textiles, Pulp & Paper, and Construction. According to Global Market Insights, Inc., “Global rheology modifiers market having had a worth of USD 4.9 billion in 2015, is estimated to surpass USD 6.83 billion by 2024.”

In 2015, the U.S. rheology modifiers market generated revenue over 830 million. Highest aging population and increasing personal care product demand are the key factors propelling industry growth in the U.S.

Asia Pacific, led by China, India and Japan rheology modifiers market dominated the industry and accounted approximately 35% of global volume in 2015. Rapid industrialization along with increasing construction spending the region has boosted the industry growth.

Global rheology modifiers market is fragmented with five major companies accounting over 20% of global share in 2015. The prominent industry players are Ashland, DOW Chemical Company, BASF SE, Arkema Group and Lubrizol Corporation.

Browse key industry insights spread across 100 pages with 152 market data tables & 18 figures & charts from the report, “Rheology Modifiers Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/rheology-modifiers-market

Glimpse of Table of Content (ToC)

Chapter 3              Rheology Modifiers Market Insights

              3.1          Rheology Modifiers Market Segmentation

              3.2          Rheology Modifiers Market Size and forecast, 2013 - 2024

              3.3          Rheology Modifiers Market ecosystem analysis

                            3.3.1       Vendor matrix

              3.4          Industry Impact forces

                            3.4.1       Growth drivers

                                          3.4.1.1         Growing paint & coatings industry

                                          3.4.1.2         Increasing personal care product demand

                                          3.4.1.3         Rising adhesives & sealants demand

                                          3.4.1.4         Growing demand for pharmaceuticals

                                          3.4.1.5         Robust growth in construction

                            3.4.2       Industry pitfalls and challenges

                                          3.4.2.1         volatile crude oil prices

                                          3.4.2.2         Oscillating natural gas prices

                                          3.4.2.3         Declining printing inks demand

              3.5          Growth potential analysis

              3.6          Porter’s analysis

              3.7          Company market share analysis, 2015

                            3.7.1       Strategic dshboard

              3.8          PESTEL analysis

Chapter 4             Rheology ModifiersProductInsights

              4.1          Rheology modifiers market share by product, 2015 & 2024

              4.2          Organic

                            4.2.1       Global market estimates and forecast, 2013 - 2024

                            4.2.2       Global market estimates and forecast, by region, 2013 - 2024

              4.3          Inorganic

                            4.3.1       Global market estimates and forecast, 2013 - 2024

                            4.3.2       Global market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/rheology-modifiers-market

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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