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.
Segment Analysis:
The Global Water Based Acrylates Copolymer Rheology Modifiers Industry
is divided into application and region. On the basis of application, Global Water
Based Acrylates Copolymer Rheology Modifiers Industry 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.
Regional Analysis:
Regionally, the Water Based Acrylates Copolymer
Rheology Modifiers Industry 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.
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