Rheology Modifiers Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Application and Distribution Channel : Global Opportunity Analysis and Industry Forecast 2021-2030

Rheology Modifiers Market Outlook - 2030

The global rheology modifiers market size was valued at $7.6 billion in 2020, and is projected to reach $11.3 billion by 2030, growing at a CAGR of 4.0% from 2021 to 2030. 

Rheology modifiers are substances that change the way matter flows. Rheology modifiers are used to fine-tune a fluid's physical and chemical properties. Paints, inks, and coatings contain rheology modifiers, which are used to manage the desired physical and chemical qualities. These are made to give formulators complete control over the texture, viscosity, and suspension of personal care and home care products. Thickening and suspension polymers can provide long-term product stability for producers and formulators. The key trend component in rheology agents is the rise in creation of increasingly hydrophobically modified polymers.

The rise of the paints and coatings sector, particularly in the Asia-Pacific region, is a major driver for the rheology modifiers market. The cosmetics and personal care category is also expanding rapidly, which should benefit the market. Evonik Industries AG's new research centre in Asia, for example, is planned to deliver solutions for new market sectors while also improving the performance of old areas. The improved construction and industrial activities in developing nations is expected to boost the rheology modifiers market.

On the other side, one of the primary restraints is the growing need for environmental control. Manufacturers are being forced to reformulate their products as a result of rigorous environmental rules, which add to the high expense of research and development. The market for rheology modifiers is being restrained by declining ink use due to digitalization and an increase in paperless operations. Nonetheless, prominent players in the rheology modifiers market are projected to benefit from the rapidly developing end-user industry in Asia-Pacific in the coming years.

Segments Overview

The rheology modifiers market is segmented into type, application, distribution channel, and region. By type, the market is divided into organic and inorganic. By application, it is categorized into household products, paints & coatings, adhesives & sealants, personal care products, inks, pharmaceutical, building & construction, oil & gas, and others. By distribution channel, it is fragmented into direct and indirect. Region wise, the market is studied throughout North America, Europe, Asia-Pacific, and LAMEA.

Global Rheology Modifiers Market, By Type 

By type, the organic segment accounted for the largest share of the overall market, in terms of value, in 2020, and is projected to maintain the same during the rheology modifiers market forecast period. Organic rheology modifiers are diverse in terms of chemistry and availability than inorganic rheology modifiers and are mainly based on natural raw materials.

Global Rheology Modifiers Market, By Application

By application, the household products segment accounted for around 14.9% of the rheology modifiers market share in 2020. These are designed to provide formulators unparalleled control over the texture, viscosity, and suspension of personal care and home care solutions. For manufacturers and formulators, the thickening and suspension polymers can ensure long-term stability to the products. 

Global Rheology Modifiers Market, By Distribution Channel

By distribution channel, the indirect channel segment accounted for the largest share of the overall market in 2020. It is also expected to be the fastest-growing segment during the forecast period.

Global Rheology Modifiers Market, By Region

By region, the massive industrial growth in Asia-Pacific has been fueling the rheology modifiers market growth over the past few years, which is expected to continue during the next five years. Domestic and foreign investments in key sectors, such as energy, manufacturing, construction, and mining, have been consistently growing over the past decade.

Competitive Analysis

The key players profiled in this report include Akzo Nobel N.V., Arkema, Ashland, BASF SE, Berkshire Hathaway Inc., Byk Additives and Instruments, Clariant, Croda International Plc., Elementis Plc., and The Dow Chemical Company. The global rheology modifiers market report provides in-depth competitive analysis as well as profiles of these major players.

Key Benefits For Stakeholders

• The report provides an in-depth analysis of the rheology modifiers market trends along with the current and future market forecast.
• This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
• Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the rheology modifiers market industry for strategy building.
• A comprehensive rheology modifiers market analysis covers factors that drive and restrain the market growth.
• The qualitative data in this report aims on market dynamics, trends, and developments.

  Rheology Modifiers Market Report Highlights