Global Water Based Acrylates Copolymer Rheology Modifiers Market- by Application (Paints & Coatings, Personal Care, Adhesives & Sealants, Pharmaceuticals, Homecare & Industrial Cleaning, Construction, Pulp & Paper, Minerals, and Others), and by Region - Forecast till 2023
Pune, India -- (SBWIRE) -- 03/19/2018 -- Water Based Acrylate Copolymer Rheology Modifiers Market – Market Overview
Rheology Modifiers are the specialty additives used in various industries to control the rheology profile of the products. Rheology Modifiers helps either increase or decrease the viscosity of the products. Rheology Modifiers are classified as organic or inorganic. Acrylate Copolymer Rheology Modifiers are synthetic organic rheology modifiers which can either be associative or non-associative type (ASE & HASE). Other prominent types of rheology modifiers available in the market are cellulosic and polyurethane based rheology modifiers. (The market definition in the report excludes their application as dispersant in different end use industries)
Application scope of Rheology modifiers includes paints & coatings, personal care, adhesive & sealants, pharmaceuticals, homecare & industrial cleaning, construction, pulp and paper, minerals and others. Growth in this market is highly attributed to wide application scope of Water Based Acrylate Copolymer Rheology Modifiers. In addition to this, Paints and coatings is the most prominent end use industry for rheology modifiers, accounting for largest share in the overall market in 2016. As per the MRFR analysis, the industry expected to be pegged at 60 million tons by 2018 and it is anticipated to surge demand in this market. Being second largest shareholder, personal care & cosmetic industry has also contributed significantly in the growth of this market. Eco friendly behaviour of Water Born Acrylate Copolymer Rheology Modifier itself promoted its demand due to increasing environmental concern. However, availability of close substitute is considered as the major restraining factor over the growth of this market and the factor expected to further limit the global demand. The global Water Based Acrylate Copolymer Rheology Modifiers Market expected to provide higher gains in the coming years, this is due to flourishing personal care industry in Asia Pacific and consistently demand for cosmetic products.
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Water Based Acrylate Copolymer Rheology Modifiers Market- Competitive Landscape
The major industry participants operating in the global market are Arkema Group, BASF SE, The Lubrizol Corporation, The Dow Chemical Company, AkzoNobel N.V., and 3V Sigma s.p.A. These are the established industry payers and the global market witnessed penetration of large number mid and mall scale manufacturers from China. Although the global market represents moderate number in terns of consumption the degree of competition observed among the market players is medium to high. Couple of strategic alliances among the industry players witnessed over the past few years. As per the industry experts, one of the major key development observed in this market was product launch by AkzoNobel. Introduction of new rheology modifiers has set trend in cosmetics industry.
Industry/ Innovation/ Related News:
November 2014 – Lubrizol acquire Warwick Chemicals, detergent producer form North Wales.The Lubrizol Corporation has announces it has signed an agreement to purchase Warwick Chemicals, a leading global developer, producer and supplier of stain removal technology with hygiene benefits. This acquisition will complement Lubrizol's existing home care product line, strengthening its strategy of providing high-value technology solutions to its global customers. In order to cater increasing demand from home & personal care, Lubrizol has acquired the Warwick and the acquisition activity to direct healthy strategic alliances in the coming years.
January 2013 – Foremost global leader in high performance beauty technologies, AkzoNobel had launched the rheology modifier.They have launched series of STRUCTURE® PQ-37 rheology modifiers. The newly launched modifiers are versatile and multifunctional conditioning polymers are designed to enhance the aesthetics, sensory attributes and performance benefits of a wide range of hair conditioning, hair styling, and sun care and skin care products. As per one of the directors of AkzoNobel the product launch was a deliberate move due to increasing demand from personal care industry. Majority demand for STRUCTURE® PQ-37 is anticipated from Asia Pacific and the region likely to provide enhanced growth in the coming years.
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