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2021

Rheology Modifiers Market

Rheology Modifiers Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Organic and Inorganic), Application (Household Products, Paints & Coatings, Adhesives & Sealants, Personal Care Products, Inks, Pharmaceutical, Building & Construction, Oil & Gas, and Others), and Distribution Channel (Direct and Indirect): Global Opportunity Analysis and Industry Forecast 2021-2030

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Author's: Snehal Mohite | Eswara Prasad
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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.

Rheology-Modifiers-Market-2021-2030

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.

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.

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.

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.

Rheology Modifiers Market
By Type
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Organic is projected as the most lucrative segment.

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. 

Rheology Modifiers Market
By Application
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Household Products are projected as the most lucrative segment.

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.

Rheology Modifiers Market
By Distribution Channel
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Indirect is projected as the most lucrative segment.

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.

Rheology Modifiers Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific is projected as the most lucrative market.

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.

Impact Of Covid-19 On The Rheology Modifiers Market

  • Coronavirus has eased the development of the rheology modifiers market, as nations had to carry out lockdowns during the first half of 2020. Severe rules were given by governments and neighborhood specialists, and all minor tasks were ended. This antagonistically influenced the rheology modifiers market inferable from the suspension of activities of end users.
  • In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the rheology modifiers market, since end-user industries were still not operating at their full capacity. 
  • The personal care products, inks, and pharmaceutical industry accounts for a major share in terms of consumption of rheology modifiers globally. After the major lockdown across the globe, there is a significant growth in the healthcare industry, which led to increase in demand for rheology modifiers across the globe. However, there is a sluggish effect on the rheology modifiers due to COVID-19.
  • Due to the COVID outbreak, online shopping plays a vital role which led to increase in demand for personal care products and inks; however, there is a sluggish impact on rheology modifiers market. 

Rheology Modifiers Market Report Highlights

Aspects Details
Rheology Modifiers Market By Type
By Type
  • Organic
    • Cellulosic
    • Polyurethanes
    • Polycrylates
    • Castor Oil
    • Others
  • Inorganic
    • Clays
    • Silicas
    • Others
Rheology Modifiers Market By Application
By Application
  • Household Products
    • Homecare
    • Soaps and detergent
    • Others
  • Paints & coatings
  • Adhesives & sealants
  • Personal Care Products
  • Inks
  • Pharmaceutical
  • Building & Construction
  • Oil & Gas
  • Others
Rheology Modifiers Market By distribution channel
By distribution channel
  • Direct
  • Indirect
Rheology Modifiers Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

Byk Additives and Instruments, Croda International Plc., Akzo Nobel N.V., THE DOW CHEMICAL COMPANY, Berkshire Hathaway Inc., Clariant, Elementis Plc., BASF SE, ASHLAND GLOBAL HOLDINGS INC., ARKEMA S.A.

Analyst Review

The rheology modifiers market is moving toward growth stabilization phase in its industry life cycle. Rheology modifiers play an important role in many end-user industries such as paints & coatings, adhesives & sealants, pharmaceuticals, personal care & cosmetics, construction, agriculture, ceramics, oil & gas, rubber & plastics, textiles, pulp & paper, electronics, food & beverage and textiles. Commonly known as viscosity or thickening agents, these additives do more than simply change the viscosity or thickness of the compound in a system. The paint & coatings industry is driving the demand for rheology modifiers significantly. This is mainly due to increase in use of paints & coatings in residential and commercial construction, as well as the boom in the industrial use of paints & coatings in developing countries such as China, India, Brazil, Indonesia and others. Increase in industrialization and growth of the construction industry in the Asia-Pacific region are likely to drive the demand for rheology modifiers in the coming years.

Author Name(s) : Snehal Mohite | Eswara Prasad
Frequently Asked Questions?

Increasing lifestyle changes, enhanced healthcare infrastructure, and rising elderly population will boost the product demand.

The global rheology modifiers market was valued at $11.3 Billion in 2030.

Akzo Nobel N.V., Arkema, Ashland, BASF SE, Berkshire Hathaway Inc., Byk Additives and Instruments, Clariant, Croda International Plc. are the top players in rheology modifiers market.

Indirect distribution channel is projected to increase the demand for rheology modifiers Market

Type, application and distribution channel segment are covered in rheology modifiers market report

Some of the key factors driving the global rheology modifiers market growth are increasing requirement for automotive & construction sector in emerging nations.

Household products, paints & coatings, adhesives & sealants fans, and oil and gas applications are expected to drive the adoption of rheology modifiers.

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Rheology Modifiers Market

Global Opportunity Analysis and Industry Forecast 2021-2030