Middle East and Africa Rheology Modifiers Market, By Type (Waterborne and Solventborne), Nature (Organic and Inorganic), Distribution Channel (Direct Sales/B2B, Distributor/Third-Party Distributor/Agent/Trader, E-Commerce and Others), Application (Paints & Coatings, Inks, Personal Care and Cosmetics, Adhesives & Sealants, Textiles, Home Care, Pharmaceuticals, Construction, Pulp & Paper, and Others) – Industry Trends and Forecast to 2030.
Middle East and Africa Rheology Modifiers Market Analysis and Size
The rise of the paints and coatings industry, particularly in the Middle East and Africa region, is expected to drive market growth. The rheology modifiers products help in keeping the desirable viscosity of liquid paint, which is required in a liquid coating. The rheology modifiers also increase bond formation among chemicals which increases the application of the liquid coating in several industries. With the increasing use of a liquid coating, the demand for rheology modifiers will increase in the coating industries and boost the market. Additionally, cosmetics and personal care products are also expanding rapidly, which is expected to drive market growth.
Data Bridge Market Research analzses that the market, which was USD 67.94 million in 2022, would rocket up to USD 85.97 million by 2030, and is expected to undergo a CAGR of 4% during the forecast period of 2023 to 2030. The "Organic segment" dominates the type segment of the rheology modifiers agents market and increases producers' and formulator's can benefit from the long-term product stability that thickening and suspension polymers can offer. The creation of more and more hydrophobically modified polymers is the primary trend in rheology agents. Increases Producers and formulators can benefit from the long-term product stability that thickening and suspension polymers offer. The creation of more and more hydrophobically modified polymers is the main trend in rheology agents. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Middle East and Africa Rheology Modifiers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Tons, Pricing in USD
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Segments Covered
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By Type (Waterborne and Solventborne), Nature (Organic and Inorganic), Distribution Channel (Direct Sales/B2B, Distributor/Third-Party Distributor/Agent/Trader, E-Commerce and Others), Application (Paints & Coatings, Inks, Personal Care and Cosmetics, Adhesives & Sealants, Textiles, Home Care, Pharmaceuticals, Construction, Pulp & Paper and Others)
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Countries Covered
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South Africa, Egypt, Saudi Arabia, the U.A.E., Israel, and the rest of the Middle East and Africa.
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Market Players Covered
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BASF SE( Germany), AkzoNobel ( Netherlands), Arkema (France), Elementis (UK), Croda International (UK), Evonik Industries (Germany), DOW (U.S.), Altana (Germany), DuPont (U.S.), Clariant AG (Switzerland), Cargill (U.S.), Eastman Chemical Company (U.S.), and PPG Industries (U.S.)
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Market Opportunities
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Market Definition
Rheology modifiers are chemicals that change the way matter flows. Rheology modifiers can be used to change a fluid's physical and chemical properties. Rheology modifiers are compounds that are used to control the intended physical and chemical properties of paints, inks, and coatings. These are intended to give product formulators complete control over the texture, viscosity, and suspension of personal care and home care items. The primary trend in rheology agents is the creation of increasingly hydrophobically modified polymers.
Middle East and Africa Rheology Modifiers Market Dynamics
Drivers
- Increase in demand for personal care products
Rheology modifiers are viscosity modifiers or thickeners for paints that are added to liquid products during the production of paint and coating products to provide rheological characteristics for the specific application. Still, rheology modifiers do much more than just thickening the product's formulation. A good rheology modifier structures the formulation of the different chemicals in the products and improves production efficiency by lowering solid substance sedimentation and sag resistance.
- Increase in application of rheology modifiers
Rheology modifiers are intended to give formulators unprecedented control over the texture, viscosity, and suspension of personal care and home care solutions. Thickening and suspension polymers can provide manufacturers and formulators with long-term product stability. As a result, end-user demand is increasing, and it is being used in a variety of applications such as housekeeping, building and construction, and so on.
Opportunities
- Growth in urbanization and an increase in the number of commercial projects
Rapid urbanization and infrastructure development in emerging economies of the Middle East and Africa are creating a strong demand for rheology modifiers in construction applications. In addition to this emerging different end-industries in developing regions is likely to expand new opportunities for major companies in the rheology modifiers market in the coming years.
- Rising demand for applications like coatings
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. 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.
Restraints/Challenges
- Fluctuating crude oil prices
Fluctuations in the prices of crude oil used in rheology modifiers can pose challenges for manufacturers and impact the overall market growth. The major reason owing to this restraint is crude oil is one of the basic raw materials used in the manufacturing of these compounds which in turns affects the market.
- Technical limitations
The complexity of formulating rheology modifiers for specific applications and the need for tailored solutions can pose technical challenges for manufacturers in meeting diverse customer requirements. Along with that the technological capabilities and formulation capabilities of the different players in the market and how well they are able to service and provide to the demands of the customers while maintaining a competitive pricing level.
Recent Development
- On January 30, 2023 Stepan Agricultural Solutions is committed to developing innovative products that meet current and anticipated market demands. One key focus area is on providing solutions for long-term, but potentially difficult, delivery systems such as oil dispersions (OD). Based on its ability to adjust viscosity and stabilize the formulation by reducing separation and sedimentation, the rheology modifier is an essential component in any OD formulation.
Middle East and Africa Rheology Modifiers Market Scope
The market is segmented on the basis of type, nature , distribution channel, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
TYPE
- Waterborne
- Solventborne
Nature
- Organic
- Inorganic
DISTRIBUTION CHANNEL
- Direct Sales/B2B,
- Distributor/Third-Party Distributor/Agent/Trader
- E-Commerce
- Others
APPLICATION
- Paints & Coatings
- Inks
- Personal Care and Cosmetics
- Adhesives & Sealants
- Textiles
- Home Care
- Pharmaceuticals
- Construction
- Pulp & Paper
- Others
Middle East and Africa Rheology Modifiers Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, type, price range, application as referenced above.
The countries covered in the market report are South Africa, Egypt, Saudi Arabia, U.A.E., Israel, and the rest of the Middle East and Africa.
South Africa is expected to dominate the rheology modifiers market because of the increasing demand for personal care products in the market.
The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Middle East and Africa Rheology Modifiers Industry Growth and New Technology Penetration
The Middle East and Africa rheology modifiers market also provides you with detailed market analysis for every country growth in nucleating and clarifying agents industry, installed new production plant, impact of technology using life line curves and changes in nucleating and clarifying agent's regulatory scenarios and their impact on the market. The data is available for historic period 2015-2020.
Competitive Landscape and Middle East and Africa Rheology Modifiers Market Share Analysis
The middle east and Africa rheology modifiers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the Middle East and Africa rheology modifiers market are:
- BASF SE(Germany)
- AkzoNobel (Netherlands)
- Arkema (France)
- Elementis (UK)
- Croda International (UK)
- Evonik Industries (Germany)
- DOW (U.S.)
- Altana (Germany)
- DuPont (U.S.)
- Clariant AG (Switzerland)
- Cargill (U.S.)
- Eastman Chemical Company (U.S.)
- PPG Industries (U.S.)
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