Global rheology modifiers market to reach USD 5.87 billion in 2021, growing at a CAGR of 3.8% between 2016 and 2021.

Sarasota, FL -- (SBWire) -- 01/17/2018 --Rheology modifiers are used as coating additives that control rheological characteristics of the fluids. These coating additives are the key ingredients that control physical and chemical properties and characteristics of fluids such as paints, coatings, and inks. They help in formulation and regulation of flow behavior of a variety of paints, coatings, and inks. The flow of the material is modified by improving its viscosity. Rheology modifiers can be grouped as organic and inorganic and can be either pseudo-plastic or thixotropic in nature. During brushing applications, these modifiers help to reduce spreading and spattering of paints and coatings. Rheology modifiers avoid sedimentation of the paint's pigments in the storage boxes.

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The growth of the rheology modifiers market is primarily propelled by the rising demand for organic rheology modifiers and increasing demand for paints & coatings. Furthermore, surging demand for personal care products is expected to boost the rheology modifiers market size in the near future. However, the technological shift from conventional paper printing to digital media may impede the growth of rheology modifiers market in the coming years. Volatile prices of oil and gas are also likely to slow down the demand for rheology modifiers. Nonetheless, rapidly growing end-user industry in Asia Pacific is expected to serve as an opportunity for major players of the rheology modifiers market during the years to come.

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Rheology modifiers market has been segmented by type, application, and region. On basis of type, the market has been segmented by organic and inorganic rheology modifiers. Organic rheology modifier was the leading type of global rheology modifier market in 2015 owing to their effectiveness and ease of production. It accounted for around significant share in the overall market in 2015. Rheology modifier market has several applications in paints and coatings, adhesive and sealants, pharmaceutical, oil and gas construction, and other applications. Paints & coating is the major application segment of rheology modifiers followed by adhesives & sealants. Paints & coating comprise the largest application in the rheology modifiers market and account for significant share of the market in 2015.

Rheology modifiers market is bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific was the largest producer as well as the consumer in 2015 due to rising construction and industrial activities in the region. Further, it is expected to continue its dominance over the market during the years to come. Europe was the second largest market for rheology modifiers in the same year. North America and Europe are expected to mark moderate growth in rheology modifiers market within the forecast period. Latin America and the Middle East & Africa are expected to witness sluggish growth in near future.

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Key players of global rheology modifier market include BASF SE, Akzo Nobel, Arkema, The Dow Chemical Company, Ashland, Lubrizol, Clariant AG, Croda International Plc., Evonik Industries AG, and Elementis Plc.