Americas Rheology Modifiers Market - Forecast(2024 - 2030)
Americas Rheology Modifiers Market Overview
Americas
Rheology Modifiers Market size is forecast to reach US$3.7
billion by 2027, after growing at a CAGR of 3.5%
during 2022-2027. Rheology modifiers are additives that change the way
matter flows and they are used to fine-tune a fluid's physical and chemical
properties. Rheology modifiers are the ingredient used to control the viscosity
of the ink and coatings. Fumed silicas, xanthan gum and laponite
are used as rheology modifiers in different industries. The growing demand from various industries
such as paints and coating, rubber, textile, chemical and oil & gas among
others is driving the demand for the Americas Rheology Modifiers Market Size.
The increasing crude oil production and growing demand for industrial clears
are also supporting the market growth during the forecast period. The COVID-19
outbreak led to major economic problems and challenges for America's
Rheology Modifiers industry. Governments
all across America announced strict measures to slow the spread of the
coronavirus and only the production of essential commodities was allowed, which
impacted the non-essential commodity industries, thereby impacting the Americas
Rheology Modifiers Market size
Americas Rheology Modifiers Market Report Coverage
The “Americas Rheology Modifiers Market Report
– Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the
following segments in the Americas Rheology Modifiers industry.
By Type: Inorganic (Clays {Bentonite Clay, Hectorite Clay and Organoclays},
Fumed Silicas, Specialty Clays, Attapulgite and Others), Organic
(Cellulosic, Gums {Guar Gum, Xanthan Gum, Diutan gum, Gellan gum and
Others}, Synthetics (Associative type {Hydrophobically Modified Polyurethanes
(HEUR), Hydrophobically Modified Polyethers (HMPE), Hydrophobically Modified
Alkali Swellable Emulsions(HASE), Nonionic Synthetic Associative Thickener
(NSAT) and Others}, Non-Associative Type {Alkali Swellable Emulsions (ASE) and Others},
Other Solvent based).
By Form: Liquid and Solid (Powder, Granules and Others).
By Chemistry: Water-based and Solvent-based.
By Formulation: Aqueous and Non-aqueous.
By Application: Adhesives and Sealants, Cement and Concrete, Cleaners and
Disinfectants, Coolants, Rubber products, Fermentation, Lubricants and greases,
Paints and Coatings and Others.
By End-use
Industry: Agricultural Industry, Paints and Coating
Industry (For Waterborne Paints {Cellulose, Methylcellulose, Hydroxy ethyl
cellulose (HEC), Carboxy methyl cellulose (CMC), Hydroxy propyl cellulose (HPC)
and Hydrophobically modified HEC}, Acrylates, Associative Thickeners, Clays and
Others), For Solvent Based Paints {Organoclays, Hydrogenated castor oil: HCO,
Polyamides, Fumed Silicates and Others}), Cosmetics and Personal Care,
Construction Industry, Rubbers and Plastics Industry, Textiles Industry, Paper
and Pulp Industry, Chemical Industry, Food and beverage Industry, Electronics
Industry, Oil and gas Industry, Mining and Minerals Industry, Water Treatment
Industry and Others
By Geography:
North America (the USA, Canada and Mexico) and South America (Argentina, Brazil,
Colombia, Chile, Bolivia and the Rest of South America).
Key Takeaways
- The South American region is expected to grow at the highest CAGR of 4.3% during the forecast period. The presence of developing nations such as Brazil and Argentina along with the presence of key end-user such as automotive, construction and industrial manufacturers are driving the market during the forecast period.
- Increasing crude oil production in the USA is expanding America's Rheology Modifiers Market size during the forecast period.
- The growing demand for an organic type such as Xanthan gum is driving the market growth.
- A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Americas Rheology Modifiers Market Report.
Americas Rheology Modifiers Market Segment Analysis – by Type
The organic
segment held the largest share of 56% in the Americas
Rheology Modifiers industry in
2021 and is anticipated to grow at a significant CAGR during the forecast
period 2022-2027. Organic rheology modifiers are more diverse in
terms of chemistry and availability than inorganic rheology modifiers. Generally,
organic rheology modifiers are manufactured from natural raw materials such as
cellulose and gums. The easy availability and low cost of raw materials are
supporting the market growth during the forecast period. Xanthan gum and
laponite are used as emulsion stabilizers because of their unique
rheological behavior. The growing preference for organic rheology modifiers in
personal care products such as creams and lotions is also driving the market
growth during the forecast period. According
to beauty industry statics published by the Personal care council, approximately 58% of American women buy organic or natural skincare products. The
inorganic type fumed silicas hold a significant share in the Americas
rheology modifiers market.
Americas Rheology Modifiers Market Segment Analysis - by Application
The paint and
coating segment held a significant share of 19%
in the Americas Rheology Modifiers industry in 2021 and is anticipated to grow at a significant CAGR
during the forecast period 2022-2027. Rheology modifiers help in controlling
paint shelf stability, ease of application, open time, wet edge and sagging
among others. In paints and coatings, rheology examines the behavior of flow
and deformation properties during manufacturing, storage, applications as well
as film formation. Hence these are some of the major properties driving the
market for rheology modifiers in paints and coating applications. According to
the facts published by American Coating Association, the United States paint
and coating industry generated US$26 billion in 2020 and the industry provided
employment to 315,700 workers. The growing construction and automotive
industries are also supporting the market growth for the paints and coatings
industry which is further driving the demand for America's rheology modifiers
industry.
Americas Rheology Modifiers Market Segment Analysis - by Geography
North America held the largest share of 85% in the Americas Rheology Modifiers industry in 2021 and is anticipated to grow at a significant CAGR during the forecast period 2022-2027. The presence of key manufacturers such as DOW chemicals, Lubrizol, Ashland and BASF among others in the United States is driving the market growth. The presence of key end-use industries such as paints and coating, rubber, chemical processing companies, personal care and construction are also supporting the market growth for America’s rheology modifiers market. According to the facts published by the Malaysian Rubber Council, the United States is the second major producer of synthetic rubber with 1.97 million tons in 2021. The U.S. demand reached approximately 1.72 million tons of synthetic rubber in 2021. The presence of major tire companies such as Goodyear and Cooper is driving the demand for the rubber industry which is further driving the demand for rheology modifiers. Hence the growth in the rubber industry is driving the market for America’s rheology modifiers market
Americas Rheology Modifiers Market Drivers
Growing Paint & Coatings Industry
Rheology modifiers are vital additives used in almost every coating
to achieve desired rheological characteristics for a particular application. Laponite is used in different paints and coatings as a rheology modifier. The
growing construction activities along with increasing production of automotive
vehicles are driving the market for paints and coatings which is further driving
the market for rheology modifiers market. According to
the facts published by American Coating Association, the country shipped worth
US$13.6 billion of architectural coatings in 2020. In 2020, production of the
paints and coatings industry in the United States amounted to approximately
1.33 billion gallons. According to Coatings World data, Mexico produces about 1
billion liters (about 265 million gallons) of paint and coatings per year. According
to the Canadian Paint and Coatings Association, the paint and coating industry
has more than 261 paint manufacturing establishments in Canada, which
translates into annual retail sales valued at more than $12.3 billion and
employs directly and indirectly 86,000 employees. Hence the growth in the
paints and coating industry is driving the market for Americas Rheology
Modifiers Market during the forecast period.
Growing Demand From Personal Care Industry
Rheology
modifiers are designed to give formulators unmatched control over the
viscosity, suspension and texture of advanced personal care and home care
solutions. Rheology modifier provides electrolyte tolerance and unique sensory
benefits in formulations. They can be used in systems with moderate surfactant
content and making it an ideal choice for shampoos, body washes, gels, lotions
and creams among others. The presence of a high-income category population
along with increasing consciousness about hygiene is one of the major factors
driving the market growth for the personal care industry in the Americas.
According to Personal care Magazine, the United States is the biggest market
for cosmetics, fragrances and personal care products in the world with a
revenue of 89.5 billion US dollars in 2021.
Americas Rheology Modifiers Market Challenges
Fluctuation of Crude Oil Prices
The cost of raw materials used during the
production process is always influenced by fluctuating crude oil prices. Crude
oil is one of the main raw materials used for the synthesis of rheology
modifiers. The raw materials often used for the production of rheology
modifiers are the downstream products of crude oil such as polyamides and
polyester. So, the price fluctuation of crude oils also hampers the price of
rheology modifiers. The current price of crude oil as of July 2022 is US$98.07
per barrel. The average crude oil price in 2021 in US$70.68 per barrel. The
price fluctuation is totally dependent on supply and demand and also on
external factors such as covid-19 and Russia-Ukraine War among others. These
are some of the major challenges hampering the market growth for America's
Rheology Modifiers.
Americas Rheology Modifiers Industry Outlook
Technology
launches, acquisitions and R&D activities
are key strategies adopted by players in the Americas Rheology Modifiers Market.
The top 10 companies in the Americas Rheology Modifiers Market include:
- The Dow Chemical Company
- Lubrizol Corporation
- Ashland
- BASF SE
- Clariant
- Arkema
- Altana
- Cargill
- Croda
- Oxiteno
Recent Developments
- In April 2021, Clariant and Polygal AG have joined forces to expand Personal Care formulators’ access to high-performing natural and readily biodegradable solutions for sensory and rheology modification.
- In March 2021, Lubrizol launches a new nature-derived rheology modifier for hair care. The new Kelco-Care diutan gum is a sustainable, nature-derived efficient rheology modifier ideal for conditioners, treatments and hair color.
- In April 2019, Lubrizol Corporation introduced a new multifunctional, 2-in-1 rheology modifier called Carbopol with style boosting properties.
Relevant Reports
Rheology Modifiers Market – Industry Analysis, Market Size, Share,
Trends, Application Analysis, Growth and Forecast Analysis
Report
Code: CMR 0045
Report
Code: CMR 1430
Report
Code: CMR 0094
For more Chemicals and Materials Market reports, please click here