The water-based acrylates copolymer rheology modifiers market is likely to touch USD 471.9 million at a 4.35% CAGR between 2022-2030, according to the recent Market Research Future (MRFR) report.
Growing demand from paints coatings industry has provided various avenues for the development of the market. Market dedicated reports linked to the chemicals materials sector among others lately have been made available by Market Research Future which issues reports on this sector. The market is projected to earn revenues worth USD 471.9 million by the year 2023 while expanding with a CAGR of 4.35 percent over the forecast period.
Key Players
Key players profiled in the global water-based acrylates copolymer rheology modifiers market report include AkzoNobel N.V., 3V Sigma s.p.A., Euclid Chemicals, The Dow Chemical Company, The Lubrizol Corporation, BASF SE, and Arkema Group.
Various factors are adding to the global water based acrylates copolymer rheology modifiers market growth Such factors, according to the new MRFR report, include increasing prominence of waterborne rheology, booming cosmetics and personal care industry, burgeoning demand from paints and coatings industry, favorable government regulations, growing construction sector, and growing demand for personal care products.
On the contrary, the availability of different alternatives may limit the water based acrylates copolymer rheology modifiers market growth over the forecast period.
Water-based acrylates copolymer rheology modifiers market trends:
The demand for various applications worldwide, along with the growing production of oil and shale exploration, is the main factor driving the growth of the rheological modifier's market. Rheological modifiers are the main ingredient in paints, coatings, glues, sealants, cosmetics, and personal care products. Therefore, the growing demand for these applications is a significant driver of the rheological modifier market.
Covid-19 Analysis /Covid-19 Impact on Water Based Acrylates Copolymer Rheology Modifiers Market
The world is battling a health and economic pandemic alike, with the novel coronavirus casting its shadow over economies the world over. In fact, the lockdown situation has greatly impacted industries, including the water based acrylates copolymer rheology modifiers market indirectly or directly resulting in a shift towards activities such as vendor operations, supply chain operations, and product commercialization. Companies manufacturing water based acrylates copolymer rheology modifiers find themselves working in a new reality. Its demand is undergoing severe shocks following disruption in supply chains
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global water based acrylates copolymer rheology modifiers market report based on application.
By application, the water based acrylates copolymer rheology modifiers market is segmented into minerals, pulp and paper, construction, home care and industrial cleaning, pharmaceuticals, adhesives and sealants, personal care, paints and coatings, and others. Of these, paints and coatings will lead the market over the forecast period, followed by the personal care segment.
Regional Analysis
Based on the region, the water based acrylates copolymer rheology modifiers market report covers the recent trends growth opportunities across the Americas, Europe, the Asia Pacific (APAC), Latin America, the Middle East Africa (MEA). Of these, Europe will spearhead the market over the forecast period for the booming pharmaceuticals, paints and coatings, and personal care industries. Spain, France, Germany, and Russia are the chief contributors in the region for its increasing use in the adhesives and sealants and personal care industries.
The water-based acrylates copolymer rheology modifiers market in the APAC region is predicted to grow at a quick rate over the forecast period for the growing paints and coatings construction sector in the emerging economies such as Vietnam, India, and China.
The water-based acrylates copolymer rheology modifiers market in North America is predicted to have a remarkable growth over the forecast period.
The water-based acrylates copolymer rheology modifiers market in Latin America is predicted to have significant growth over the forecast period for increasing technology adoption rate and strict regulatory framework.
The water-based acrylates copolymer rheology modifiers market in the MEA is predicted to have average growth over the forecast period. Turkey is the chief contributor in the region.
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BASF SE (Germany) is another leading innovator in the rheology modifier market. The company has a strong and diverse geographic presence worldwide, and Europe is a major shareholder. Besides, the company has developed a new rheological modifier to meet growing demand. For example, the company has launched a new rheological modifier: Rheovis, a HASE thickener without APEO, developed mainly for paints with high PVC content. This has helped the company meet the growing demand of customers around the world.
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