Major players listed in the global rheology modifiers market comprise Akzo Nobel, BASF SE, The Dow Chemical Company, Arkema, Lubrizol, Ashland, Croda International Plc., Clariant AG, Elementis Plc., and Evonik Industries AG. These players are anticipated to fuel the development of global rheology modifiers market in the forecast period.
As per the analysts at Zion Market Research, global rheology modifiers market was capitalized at USD 4.71 Billion in 2015 and is likely to cross USD 5.87 Billion by the end of 2021, developing at a CAGR of 3.8% from 2016 to 2021.
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“Increasing demand for coatings & paint application in different sectors such as automotive & construction is likely to flourish the requirement for rheology modifiers market in the coming years,” as per analysts at Zion Market Research. In addition to this, employment of rheology modifiers is elevating owing to increasing requirement for personal care products all over the world in the upcoming few years. On the other hand, the technological alteration to digital media from conventional paper printing is expected to slow down the requirement for rheology modifiers market. In addition to this, the fluctuating costs of gas & oil are also likely to have the negative effect on the development of rheology modifiers market in the years to come.
Nonetheless, emerging different end-industries in Asia Pacific is likely to expand new opportunities for major companies in the rheology modifiers market in the coming years. In addition to this, different mergers and acquisitions in the rheology modifiers market is set to propel the market growth. For example, in March 2018, Eurovia makes its position strong in France, specifically in Occitanie and Auvergne-Rhône-Alpes, with the acquirement of 2 public works firms namely Groupe Robert and SER Groupe.
Increasing Requirement For Automotive & Construction Sector In Emerging Nations To Power The Evolution Of Global Rheology Modifiers Market In Asia Pacific
In 2015, Asia Pacific was the biggest area for rheology modifiers market. It added up for 36.30% share of the overall global rheology modifiers market in 2015. Asia Pacific is also likely to be the most eye-catching area of the rheology modifiers market in the forecast period owing to increasing requirement for automotive & construction sector in emerging nations such as Singapore, India, Indonesia, Vietnam, and China. In addition to this, rising overseas investments in oil & gas and construction sector in Asia Pacific is likely to tower the rheology modifiers market in the years to come. Asia Pacific was chased by North America and Europe in the same year. North America is also likely to show noteworthy development in rheology modifiers market n the near future.
The global rheology modifiers market is segmented as follows:
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