Sarasota, FL, May 17, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Rheology Modifiers Market (Organic and Inorganic) for Paints and Coatings, Adhesives & Sealants, Pharmaceuticals, Oil & Gas, Construction and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global rheology modifiers market was valued at USD 4.71 billion in 2015 and is expected to reach USD 5.87 billion in 2021, growing at a CAGR of 3.8% between 2016 and 2021.
Rheology modifier is a viscous substance which is primarily used as thickening an agent in various industries. Rheology modifiers can facilitate exceptional performance properties such as; high film builds, stability and spatter resistance. They act as vital ingredients in paints and coatings applications which extensively offer syneresis control in a wide variety of latex binders. They are also used in adhesives & sealants, construction, printing inks, oil & gas and pharmaceutical among others.
Browse through 55 Market Tables and 31 Figures spread through 110 Pages and in-depth TOC on “Global Rheology Modifiers Market: By Type, Application, Size, Share, Segment, Analysis, and Industry Forecast 2015-2021”.
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Surging demand for paint and coatings application in various industries such as construction and automotive is expected to drive the demand for rheology modifiers during the years to come. Additionally, utilization of rheology modifiers is increasing due to rising demand for personal care products across the globe over the next few years. However, the technological shift from conventional paper printing to digital media is likely to slow down the demand for rheology modifiers. Moreover, the fluctuating prices of oil and gas are also expected to have the negative impact on the growth of rheology modifiers market in the near future. Nevertheless, emerging various end industries in Asia Pacific is expected to augment as new avenues for major players of the rheology modifiers market during the years to come.
Organic rheology modifier is the most attractive segment of global rheology modifiers market in 2015 that accounted for 68.68% share of the total market. Furthermore, this trend is expected to continue in the coming years due to its heavy utilization in numerous applications including construction, personal care, pharmaceuticals, paints & coatings and amongst others. The shifting preference for organic personal care products among consumers coupled due to their easy availability is likely to bolster the demand at the rapid pace within the forecast period. Inorganic rheology modifier accounted for more than 30% share of the entire market of rheology modifiers in 2015. This trend is expected to continue in the near future owing to growing utilization of inorganic in pharmaceuticals and adhesives and sealants industries.
Browse the full "Rheology Modifiers Market (Organic and Inorganic) for Paints and Coatings, Adhesives & Sealants, Pharmaceuticals, Oil & Gas, Construction and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/rheology-modifiers-market
Paint & coatings application dominated the global rheology modifiers market in 2015. It accounted for 34.84% share in terms of volume consumption of the global market in 2015. Increasing demand for paints & coating across the globe owing to increasing construction and emerging automotive industry is expected to set this segment as most attractive within the forecast period. Moreover, construction emerged to be the second most attractive segment of global rheology market in the same year. Additionally, pharmaceutical and adhesives & sealants are the important outlets that are expected to witness the significant growth within the forecast period.
North America was considered as the potent market for the rheology modifiers in 2015. This growth is attributed to growing demand for rheology modifiers in paints & coating industry. Moreover, growing construction industry in countries such as U.S. and New York is expected to assist the growth of paints and coating industry which in turn is expected to drive the demand for rheology modifiers in this region over the years to come.
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Europe was the second largest market for rheology modifiers in 2015. One of the major factors impacting on the growth of rheology modifiers market in Europe is expanding pharmaceutical industry in this region. Moreover, Europe is also expected to be a promising market for rheology modifiers owing to high growth in the construction sector. The construction sector contributes around 9% to the GDP of the European Union. Thus, the proliferating construction industry is expected to fuel the demand for rheology modifiers in the region in near future.
Asia-Pacific was the largest market for rheology modifiers market in 2015. The growth in the region is mainly attributed to various factors such as; increasing urbanization, rising disposable income, and supporting economic factors. Automotive sector growth in China, India, and Thailand is expected to fuel demand for paints and coatings industry, which in turn may boost the rheology modifiers market growth in the region. Asia Pacific is expected to be the most attractive region of the market within the forecast period due to growing demand for construction and automotive industry in emerging economies countries such as India, Singapore, Vietnam, Indonesia, and China. Furthermore, increasing overseas investments in construction and oil and gas industry in Asia Pacific is expected to propel rheology modifiers market over the forecast period.
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Latin America and Middle East & Africa are expected to experience the substantial growth in the rheology modifiers market during the coming years. Latin American pharmaceutical markets along with top four economies such as Brazil, Mexico, Colombia, and Argentina accounted for more than 60.0% of the total population. Thereby, it is anticipated that pharmaceutical sector will trigger the rheology modifiers market during the next few years. Furthermore, African oil and gas are also considered as the major segment of the world’s hydrocarbon supply. Thus, it is expected that the oil and gas market will experience prominent growth in the forecast period which is likely to boom the growth of the rheology modifiers market in the coming years.
Key players profiled in the report include BASF SE, Akzo Nobel, Arkema, The Dow Chemical Company, Ashland, Lubrizol, Clariant AG, Croda International Plc., Evonik Industries AG, and Elementis Plc.
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This report segments the global rheology modifiers market as follows:
Rheology Modifiers Market: Type Analysis
- Organic
- Inorganic
Rheology Modifiers Market: Application Analysis
- Paint & Coatings
- Adhesive & Sealants
- Pharmaceuticals
- Oil & Gas
- Construction
- Others
Rheology Modifiers Market: Region Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East & Africa
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