Inorganic Rheology Modifiers Industry, Analysis, Development Trend and Investment Feasibility Till 2030
Inorganic
Rheology Modifiers Market Overview
Inorganic
Rheology Modifiers Market is projected to grow at 3.35% CAGR during the
forecast 2021-2030.
The global inorganic rheology modifiers industry
are segmented into
type, application, and region. On the basis of the type, the market is
segregated into clay, fumed silica, specialty clays, and others. The fumed
silica is the most widely used inorganic rheology modifier owing to thixotropic
properties, especially in paints and coatings industry. The product is used in
the room temperature vulcanizing silicone sealants for water proofing and
structural glazing in buildings. Rheology Modifiers Market are being
increasingly used in the skin care products such as for lightening of acne
marks, antiperspirant, fragrance, and hair care products owing to
inflammability and improved viscosity.
Market
Segment
Based on the
application, the global market is segmented into paints & coatings,
cosmetics & personal care products, adhesives & sealants, composites,
household and industrial products, pharmaceuticals, printing ink, cable
compounds & gels, oil-well drilling, electronics, and others. Paints and
coatings accounted for the largest market share in 2017 owing to surging demand
from the major end-use industries such as automotive and construction industry.
Cosmetics & personal care industry is the second largest application owing
to enlarging demand for deodorants and UV protective skin care products
globally.
Based on the
technology, the rheological modifier is segmented into water-based and
solvent-based. Clay is made using water-based technology owing to strong heat
and sag resistance. Fumed silica and specialty clay are made using
solvent-based technology due to shear thinning properties, which makes them
suitable for various applications.
Regional
Analysis
Based on the
region, the inorganic rheology modifiers market is segregated into North
America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific
is the fastest growing region in the inorganic rheology modifiers market owing
to the increasing demand for cosmetics & personal care products coupled
with rising disposable income of the consumers.
Europe is
another significant region in the market due to growing healthcare industry
with rising geriatric population. Moreover, surging demand for paints &
coating from the reviving automotive industry is driving the market growth.
Latin
America and the Middle East & Africa are likely to witness a moderate
growth during the review period due to rising spending on the cosmetic and skin
care products.
North
America is the second largest region in the inorganic rheology modifiers market
with expanding cosmetics & personal care industry as a result of rising
need for UV protective skin care products. Additionally, increasing spending on
healthcare coupled with rising health awareness and high per capita income of
the consumers is likely to propel the market growth.
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Competitive
Analysis
Some of the
key players in the global inorganic rheology modifiers market are BASF SE
(Germany), Evonik Industries AG (Germany), Jaychemmarketing (India), Cabot
Corporation (U.S,),), XUNYU CHEM (China), Orisil (Ukraine), OCI COMPANY Ltd
(South Korea), ALTANA (Germany), Tokuyama Corporation (Japan), and Wacker
Chemie AG (Germany).
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