Rheology Modifiers Market Analysis

Rheology Modifiers Market Analysis

Organic rheology modifiers market size is projected to expand at over 3.5% CAGR by 2024. These are primarily employed in paints & coatings, pharmaceuticals and construction to maintain the desired consistency of end-user products. Different types of rheology modifiers considered under the organic type of rheology modifiers includepolyurethane, microcrystalline cellulose, acrylic polymers, xanthan gum and guar gum.

Among inorganics,organo-clay and silica based are the most commonly available products. Additionally, organo-clay based include hectorite and bentonite. These are largely used in personal care and paints & coatings industries. Precipitated and fumed silica are commonlyused as rheology modifiers in adhesives & sealants and pharmaceuticals industry.
 

Rheology modifiers market share for paints & coatings generated revenue more than USD 1.5 billion in 2015. These are the major constituent of paint additives. Robust growth in automotive and construction industries is driving the industry growth for paints & coatings applications.

Personal care application is projected to expand at over 3.5% by 2024. Rising awareness about personal care and hygiene among consumers is boosting the demand for personal care products across the globe. This, as a result, is significantly driving rheology modifiers market size. They offer excellent stabilization, consistency and suspension properties which makes them desirable across personal care product applications.
 

North America, led by the U.S rheology modifiers market share, was valued at over USD 1 billion in 2015. Regional growth was primarily propelled by increasing personal care productsdemand due to rising awareness among consumers. In addition, the U.S has the highest aging population, which ultimately drive the industry growth for pharmaceutical application.

Asia Pacific is forecast to witness highest gains more than 4% CAGR. Increasing construction spending accompanied with robust demand in automotive industry will propelled rheology modifiers market size over the forecast timeframe. For example, China’s construction spending was valued more than USD 1.7 trillion in 2015.