PUBLISHER: The Business Research Company | PRODUCT CODE: 1426252
PUBLISHER: The Business Research Company | PRODUCT CODE: 1426252
Sizing agents are substances incorporated into paper to prevent blotting and enhance its water resistance, creating a barrier against ink and water penetration. On the other hand, thickening agents are substances added to liquids or food to augment their density and consistency, effectively increasing their viscosity.
The main sizing agent types involved in sizing and thickening agents are natural and synthetic sizing agents. Natural sizing agents are agents derived from natural polymers, used mainly in the textile industry. Thickening agents include minerals, hydrocolloids, and other types used for various applications including food and beverages, paper and paperboard, paints and coatings, textile and fibers, and other applications.
The sizing and thickening agents market research report is one of a series of new reports from The Business Research Company that provides sizing and thickening agents market statistics, including sizing and thickening agents industry global market size, regional shares, competitors with a sizing and thickening agents market share, detailed sizing and thickening agents market segments, market trends and opportunities, and any further data you may need to thrive in the sizing and thickening agents industry. This sizing and thickening agents market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sizing and thickening agents market size has grown strongly in recent years. It will grow from $18.75 billion in 2023 to $20.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. Historical growth can be linked to several factors, including the expansion of the food and beverage industry, growing consumer inclination toward processed foods, advancements within the textile and printing sectors, heightened demand for pharmaceutical formulations, and an increased focus on personal care and cosmetics.
The sizing and thickening agents market size is expected to see strongly grown in the next few years. It will grow to $25.75 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. Anticipated growth in the forecast period is associated with health and wellness trends influencing food products, an expanded scope in non-food applications, emphasis on innovation and sustainability in textiles, rising demand for specialized personal care items, and the globalization of pharmaceutical and cosmetic markets. Key trends in this period involve advancements in nanotechnology to enhance functionality, tailored blends for specific applications, increased utilization of hydrocolloids, emphasis on improved rheological properties, and the integration of digitalization into manufacturing processes.
An upsurge in oil production is poised to drive growth in the sizing and thickening agents market. These agents enhance the efficiency of fracturing processes in oil exploration, consequently witnessing increased demand with rising oil production. Notably, the Energy Information Administration reported a substantial 14.05% increase in US oil production to 11,316 barrels per day in February 2022, compared to 9,925 barrels per day in 2021. This surge in oil production directly fuels the expansion of the sizing and thickening agents market.
Additionally, the burgeoning textile sector is anticipated to propel growth in the sizing and thickening agents market. Sizing agents play a pivotal role in fortifying fabrics, preventing breakage, and enhancing yarn quality, while thickening agents are utilized for viscosity enhancement and leveling in textile pulp. Reports from the Textile Exchange highlight a significant surge in global fiber production to a record 113 million tons, projected to reach 149 million tons by 2030. This surge in textile industry growth serves as a catalyst for the expansion of the sizing and thickening agents market.
Innovation stands as a crucial factor shaping the sizing and thickening agents market. Leading companies are focused on pioneering solutions to bolster their market presence. For instance, Berg + Schmidt introduced BergaMuls ET2 in October 2023, a plant-based thickening agent and co-stabilizer catering to the cosmetics and textile industries. This natural emulsifier, derived from guar gum, wood, and oats, offers exceptional skin feel and rheological qualities, supporting emulsion stability and viscosity.
Moreover, major players are leveraging advanced solutions like bio-based thickeners to gain a competitive edge. Scott Bader launched Texique PQ37 in February 2022, a bio-based thickener derived from renewable sources. This multipurpose liquid dispersion, a cationic acrylic homopolymer, serves as a conditioning agent and rheology modifier in personal care products, functioning as an opacifier, stabilizer, and suspender without requiring preservatives. Texique PQ37's eco-friendly nature and versatility position it as an ideal solution for various applications across skincare, haircare, and lotions.
In December 2021, Cargill, a US-based food corporation, acquired Croda International for an undisclosed amount. With this acquisition, Cargill expands its bio-industrial footprint to serve industrial manufacturers better in searching for greener ingredient solutions. Croda International is a UK-based chemical company manufacturing sizing agents and thickening agents.
Major companies operating in the sizing and thickening agents market report are Archer-Daniels-Midland Company, Ashland Global Holdings Inc., Cargill Inc., CP Kelco India Pvt Ltd., DuPont de Nemours Inc., FMC Corporation, The Dow Chemical Company, BASF SE, Akzo Nobel N.V., Ingredion Inc., Jungbunzlauer Suisse AG, Tate & Lyle PLC, Kuraray Co. Ltd., Lubrizol Corporation, Eastman Chemical Company, Celanese Corporation, Wacker Chemie AG, Mitsubishi Chemical Holdings Corporation, PPG Industries Inc., Evonik Industries AG, Croda International PLC, Clariant AG, Stepan Company, Kao Corporation, Henkel AG & Co. KGaA, Univar Solutions Inc., Biesterfeld AG, Nippon Carbide Industries Co. Inc.
North America was the largest region in the sizing and thickening agents market in 2023. The regions covered in the sizing and thickening agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the sizing and thickening agents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The sizing and thickening agents market consists of sales of polysaccharides, cornstarch, wheat starch, wax, and polyvinyl alcohol. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sizing And Thickening Agents Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sizing and thickening agents market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sizing and thickening agents? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sizing and thickening agents market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.