Rheology Modifiers Market to Reach Value of USD 10,930.71 Million by 2032 | Emergen Research

Vancouver, Oct. 04, 2023 (GLOBE NEWSWIRE) -- The global Rheology Modifiers Market is projected to be valued at USD 10,930.71 Million by 2032, according to a current analysis by Emergen Research. Rheology modifiers are witnessing high demand owing to rise in the production of crude oil. The oil recovery process involves use of several working fluids to recover crude oil from a reservoir. Several rheology modifiers are used in the oil recovery process and the demand for these modifiers is increasing, as the oil industry is shifting toward reservoirs that cannot be easily accessed. Rheology modifiers used in the oil & gas industry are capable of withstanding harsh and extreme conditions in oil wells. For instance, the salt concentration in working fluids frequently gets extremely high, along with the temperature subjecting rheology modifiers.

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In the cosmetics & personal care industry, rheology modifiers are used in body washes, shampoos, lotions, facial cleansers, and gels. These additives are beneficial in control of flow characteristics, stabilization of formulations, and texture improvement. This enables cosmetic constituents to remain suspended for a longer period. Rising demand for cosmetics, particularly among women, is propelling the market for rheology modifiers.

Scope of Research

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MAJOR COMPANIES and Market Share Analysis

Leading players in the rheology modifiers market are equipped with advanced production facilities and they are involved in various R&D activities. A few leading players in the rheology modifiers market are:

• The Dow Chemical Company
• Lubrizol Corporation
• Ashland Global Specialty Chemicals Inc.
• Arkema SA
• Croda International PLC
• Akzo Nobel NV
• Elementis PLC
• Cargill Inc.
• BASF SE
• Clariant AG

In January 2020, Milliken & Company made an announcement about the acquisition of Borchers Group Limited from The Jordan Company, LP. Borchers Group Limited produces a wide range of additives, including rheology modifiers.

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Key Highlights of Report

• Inorganic rheology modifiers are used as secondary thickening agents in aqueous formulations for enhancing the anti-settling, anti-sag, and anti-spattering features of a coating
• Rheology modifiers are of immense significance in the pharmaceutical industry, wherein these are used to control drug formulation and development, raw material quality, drug effectiveness, patients' adherence to the prescribed drug, and the total healthcare expenditure
• The North America region held a significant share in the global rheology modifiers market in 2019. Dominance of this region, spearheaded by the U.S., is attributable to the surging demand for cosmetic and personal care products resulting from growing awareness among consumers in the region. Furthermore, presence of a large geriatric population drives the market in the region.

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Emergen Research has segmented the global rheology modifiers market in terms of product type, distribution channel, industry vertical, and region:

• Product Type Outlook (Revenue, USD Billion; 2017–2027)
  • Organic
  • Inorganic
• Distribution Channel Outlook (Revenue, USD Billion; 2017–2027)
  • Online
  • Offline
• Industry Vertical Outlook (Revenue, USD Billion; 2017–2027)
  • Paints & Coatings
  • Adhesives & Sealants
  • Cosmetics & Personal Care
  • Inks
  • Pharmaceuticals
  • Building & Construction
  • Oil & Gas
  • Others
• Regional Outlook (Revenue, USD Billion; 2017–2027)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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