Inorganic Rheology Modifiers Market Overview to 2023:
Rheology modifiers, also known as thickeners and flow control agents, are widely used in paints and coatings to control viscosity. Inorganic rheology modifiers are the most preferred modifiers in major end-use industries such as paints & coatings, cosmetics and personal care owing to shear thinning properties. These modifiers possess high yield value and are used for improving anti-sagging, anti-settling, and anti-spattering properties.
The global inorganic rheology modifiers market is driven by increasing demand for paints and coatings from the major end-use industries owing to improved viscosity and high gloss. Rising demand for waterborne coatings from the automotive industry due to the presence of less volatile organic compounds (VOC) is another important factor augmenting the market growth. Growing paints and coatings industry along with rising residential and non-residential construction activities in the developing nations is fuelling the product demand further.
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Geographically, the inorganic rheology modifiers market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific accounted for the largest market share for inorganic rheology modifiers in 2017 and is likely to witness a significant growth during the review period with growing paints & coatings industry in the developing economies in this region. The product consumption is rising in the paints and coating industry due to increasing demand from the automotive industry. For instance, passenger car production in China grew by 24% in the past four years. Additionally, increasing investment by the government in the infrastructural projects such as Sagar Mala project for port development in India is driving the market growth. Moreover, rising spending on the cosmetics and personal care products by the young working population for their personal grooming is fuelling the product demand. Prevalence of international cosmetics brands such as Avon, L’Oreal, and Revlon is uplifting the market growth further.
North America is another prominent region in the inorganic rheology modifiers market owing to rising demand for waterborne coatings from the automotive industry. Furthermore, regulations set by the U.S. environmental protection agency to reduce volatile organic compound (VOC) emissions is another important factor augmenting the market growth.
Europe is expected to exhibit a substantial growth in the inorganic rheology modifiers market with increasing spending on cosmetics and personal care products as a result of rising aging population. Furthermore, expanding pharmaceutical industry with increasing R&D investment in drugs especially in Germany is stimulating the product demand.
Key Players
- BASF SE
- Wacker Chemie AG
- Evonik Industries AG
- Tokuyama Corporation
- XUNYU CHEM
- Orisil
- OCI COMPANY Ltd
- ALTANA
- Jaychemmarketing
- Cabot Corporation
Segmentation
The global inorganic rheology modifiers has been segmented by type, application, and region.
On the basis of type, the market is segregated into clay, fumed silica, specialty clays, and others.
Based on the technology, the market is divided into water-based and solvent-based.
Based on the application, the global market is segmented into paints & coatings, cosmetics & personal care products, adhesives & sealants, composites, household and industrial products, pharmaceuticals, printing ink, cable compounds & gels, oil-well drilling, electronics, and others.
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