Market Research Future (MRFR) recognizes the following
companies as the key players in the Global Water Based Acrylates Copolymer
Rheology Modifiers Market: Arkema Group, BASF SE, The Lubrizol Corporation, The
Dow Chemical Company, Euclid Chemicals, 3V Sigma s.p.A., AkzoNobel N.V., among
others.
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.
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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
Market is divided into application and region. Based on 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.
Regional Analysis:
Regionally, the Global 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.
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