Market Outline:
As per the latest study conducted by Market Research Future (MRFR), the global organic rheological modifiers market will be showcasing a healthy growth trajectory at a CAGR of 3.9% during the forecast period (2016-2023).
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Key Players
- The Lubrizol Corporation
- Evonik Industries AG
- Dow Corning Corporation
- BASF SE
- Elementis plc
- AkzoNobel N.V.
- Clariant
- Ashland
- Croda International Plc
- Arkema Group
Industry Update
March 2019 – Dow Europe GmbH, part of The Dow Chemical Company (“Dow”), will be expanding the Dow beauty care specialties organic product range in Greece, distributed by Univar Solutions. Univar Solutions is set to market as well as sell the entire range of Dow’s personal care specialty ingredients in the country, which includes ACULYN rheology modifiers, ACUDYNE hair styling polymers, among others.
Growth Drivers and Top Barriers
Organic Rheology Modifiers play an integral role in numerous end-use industries like adhesives & sealants, paints & coatings, personal care & cosmetics, pharmaceuticals, agriculture, construction, oil & gas, ceramics, rubber & plastics, pulp & paper, textiles, food & beverage, textile and electronic, to name a few. Generally known as thickeners or viscosifiers, rheology modifiers influence the system to a large extent, by altering the viscosity or thickness of the compound.
At present, a number of rheological modifiers are available in the market; with the paints & coating industry largely responsible for the strong demand for organic rheology modifiers. This is backed up by the growing paints & coating application in the residential and non-residential construction sector, coupled with the expanding industrial paints & coating application in developing economies like India, China, Indonesia, Brazil, etc.
Market Segmentation
The market for organic rheology modifiers is segmented on the basis of type, application, and end users.
The global market, on the basis of the type, is segmented into cellulosic, and synthetic.
Organic rheological modifiers find numerous applications in adhesives, sealants, binders, and others.
The end users in the global market include paints & coatings, personal care, pharmaceuticals, oil & gas, construction, and others.
Regional Analysis
Region-wise, the market for organic rheological modifiers is segmented into Europe, Asia Pacific (APAC), Latin America, North America, and the Middle East & Africa.
Based on the geographical distribution of the global market, Asia Pacific holds the largest share, on account of the growing end user industries like paint & coating and oil & gas. Also, strategic development along with product launches, acquisitions mergers, partnerships, agreements, joint ventures and collaborations by major participants in the region is resulting in the consistent market growth.
Just behind APAC is the region of Europe, which is the second-largest market in the global organic rheological modifiers. The regional market in Europe is considered to be one of the most profitable markets, in terms of both volume and value. In the region, United Kingdom is leading the market growth, recording the strongest demand in the year 2016.
With the third-largest share in the global organic rheological modifiers market, North America has been a strong contender among all the regions. The United States (U.S), United Mexican States and Canada make massive contribution to the regional market growth, in terms of the high demand for organic rheological modifiers. Whereas, Middle East & Africa and Latin America will other attractive markets for organic rheological modifiers, with the predictions of the markets to show much better growth in the next few years.
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