New York, September 2021: Axiom Market Research & Consulting™ added a report on rheology modifiers market which includes study on type, application, and geography. The rheology modifiers market was projected to grow at a CAGR of 3.03% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (KT) generated by the rheology modifiers market.

The factors such as increasing application areas of the modifiers, along with ongoing focus the deep and ultra-deep-water drilling and growing production of the shale gas and crude oil exploration are responsible for the growth of rheology modifiers market. The factors such as increasing adoption of rheology modifiers in the industries like oil and gas, cosmetics and personal care and paint and coating along with many benefits like improved electrolyte tolerance, increased shelf life and less prone to the dripping are also increasing the demand for the rheology modifiers across the globe.

The report analyses the rheology modifiers market based on the type, application, and geography. By type, the rheology modifiers market is segmented into organic and inorganic rheology modifiers. By application, the rheology modifiers market is segmented into adhesives & sealants, construction, cosmetics & personal care, home care and I&I products, inks, paints & coatings, pharmaceuticals, oil and gas, and others. By geography, the rheology modifiers market is studies across the regions including North America, Europe, Asia-Pacific and Rest of the World.

The organic segment type has dominated the rheology modifiers market in 2020

The organic rheology modifiers are used in several industries like cosmetics to paints and more for changing several properties of a product based on formulation. There have been two major organic rheology modifiers segments that are classified based on thickening mechanism known as associative and non-associative modifiers. The organic segment type is also estimated to be dominating during the forecast period.

The cosmetic and personal care application segment is estimated to witness fastest growth in the rheology modifiers market

Because of increase in the adoption of the rheology modifiers as a thickening substance in a variety of the cosmetics & personal care applications like make-up products, skincare, foundations, and toiletry products has been a major to contribute to the growth of the segment in the rheology modifiers market. 

Asia Pacific region is expected to hold the highest market share in the rheology modifiers market

The factors like growing demand for the rheology modifiers by industries like cosmetic and personal care and paint and coating across the Asia Pacific region, along with increasing population, growing industrialization and urbanization, high disposable income on the consumer products by the people, continuous increasing infrastructural development and increasing economic growth of the countries like China and India are attributed to the growth of the rheology modifiers market in the region.

Key Players

The key players of the rheology modifiers market are Akzo Nobel N.V, Arkema, Ashland, BASF SE, BYK Additives & Instruments, Croda International Plc, Cutch Oil & Allied Industries Private Limited, Dupont De Nemours Inc, Eastman Chemical Company, Cargill, Incorporated, Clariant, Elementis Plc, Evonik Industries AG, Ffc Inc, Lubrizol Corporation, Munzing Corporation, PPG Industries, SAN Nopco Limited, SNF Holding Company, The Dow Chemical Company, The Euclid Chemical Company, Hangzhou Jingyi Chemical Co.,Ltd, Kusumoto Chemicals, Ltd, Wanhua Chemical Group Co., Ltd and Zhejiang Qinghongnew Material Co., Ltd among others.

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