Rheology Modifiers Market 2017: Analysis, Segments, Key Players, Drivers, Trends, and Forecast 2027
Market Segmentation
The global inorganic rheology modifiers 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. Inorganic rheology modifiers 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.
Based on the technology, the market 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.
Based on the application, the global Rheology Modifiers 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.
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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.
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.
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.
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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