Rise in demand for personal care products and surge in application of rheology modifiers drive the growth of the global rheology modifiers market. Based on distribution channel, the indirect segment held the major share in 2020. By region, on the other hand, the market across Asia-Pacific would manifest the fastest CAGR by 2030.
According to the report published by Allied Market Research, the global rheology modifiers market was estimated at $7.6 billion in 2020 and is expected to hit $11.3 billion by 2030, registering a CAGR of 4.0% from 2021 to 2030.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The rheology modifiers market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the rheology modifiers market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the rheology modifiers market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The indirect segment contributed to nearly three-fifths of the total market revenue in 2020, and is expected to lead the trail by 2030. The direct segment, however, would grow at the fastest CAGR of 4.5% from 2021 to 2030.
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Some ruling enterprises in the global rheology modifiers market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global rheology modifiers industry include Arkema, Ashland, BASF SE, Berkshire Hathaway Inc., Akzo Nobel N.V., Byk Additives and Instruments, Element is Plc.
Asia-Pacific held the major share in 2020, garnering more than one-third of the global rheology modifiers market. The same region would also cite the fastest CAGR of 4.3% by 2030. The other three provinces discussed in the report include North America, Europe, and LAMEA.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the rheology modifiers market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the rheology modifiers market
- Post-sales support and free customization
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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