Market Highlights:
Commenting on this report, an analyst from
Market Research Future (MRFR)’s team said, “Global Water Based Acrylates
Copolymer Rheology Modifiers was valued at USD 365.6 million in 2016 and is
predicted to grow at 4.35% CAGR to reach USD 471.9 million by the end of 2023.
Water Based Acrylates Copolymer Rheology Modifiers are gaining importance in
the global market with the increasing application in personal care and paints
& coatings. Other applications including adhesive & sealants,
pharmaceuticals, pulp & paper, homecare & industrial cleaning, and
minerals among others.
Some of the prominent market factors that
positively influence the market growth are increasing demand from paints &
coatings industry, growing production of cosmetics & personal care, and
increasing environmental regulations regarding the emission rate of volatile
organic compounds (VOCs). Rapid industrialization combined with increasing
disposable income in developing economies are predicted to drive market growth
during the review period. Rising investment in the commercial as well as
industrial construction sector is predicted to boost the market demand.
However, increasing demand for alternative rheology modifier such as HEUR
(hydrophobically modified polyurethane) is increasingly preferred due to its
less pH sensitivity and water resistance which inturn is predicted to hamper
the market growth.
Key Players:
·
Arkema Group
·
BASF SE
·
The Lubrizol Corporation
·
The Dow Chemical Company
·
Euclid Chemicals
·
3V Sigma s.p.A.
·
AkzoNobel N.V
Regional Analysis:
Regionally, the Water
Based Acrylates Copolymer Rheology Modifiers Market is segmented into
five main regions namely, North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. Among all the regions, Europe dominates the
market and expected to witness moderate CAGR of around 4.12% during the review
period. Asia Pacific is expected to grow at highest CAGR and is expected to
reach USD 148.1 million over the forecast period. China and Japan are the major
contributors in the regional market growth and accounted for around 74%
regional market share. Japan is expected to reach USD 20.6 million over the
forecast period. Rising construction activities and growth of automotive
industry are the major factors behind the market growth in Asia Pacific.
Numerous factors behind the market growth are improved living standard and
competitive manufacturing costs. Currently, Europe market is trailed by Asia
Pacific, which is followed by North America.
Segment Analysis:
The Global Water Based Acrylates Copolymer
Rheology Modifiers Market is divided into application and region. On the basis
of application, Global Water Based Acrylates Copolymer Rheology Modifiers
Market is segmented into paints & coatings, personal care, adhesives &
sealants, pharmaceuticals, homecare & industrial cleaning, construction,
pulp & paper, minerals, and others. Among these applications, paints &
coatings and personal care are estimated to be the leading application segment
of the global market. Paints & coatings industry is estimated to account
for 26.2% in the overall market in 2016, with a market value of USD 92.4
million. Personal care is predicted to be the fastest growing application
segment driven by increasing consumption of personal care products in
developing economies. Globally, cosmetics & personal care industry is
expected to expand at a CAGR of 3.5% to 4.5% till 2020. Among various personal
care and cosmetics applications, skin care and hare care are the most important
application accounting for large share in the overall personal care &
cosmetics industry. Additionally, hair care is estimated to witness the highest
growth and will be proven as leading driving factor for the rheology modifiers
market. Prominence of personal care industry is highlighted by the trend of
increasing focus of manufacturers on providing multifunctional rheology
modifiers for the personal care industry. However, in terms of volume adhesives
& sealants is projected to grow with the highest CAGR of 4.8% and in terms
of value it is projected to reach USD 64 million. Pulp & paper segment is
expected to exhibit slowest growth owing to shift of paper media to digital
media in most of the markets.
Get Complete Research Report@ https://www.marketresearchfuture.com/reports/water-based-acrylates-copolymer-rheology-modifiers-market-4268
No comments:
Post a Comment