PUBLISHER: Verified Market Research | PRODUCT CODE: 1736450
PUBLISHER: Verified Market Research | PRODUCT CODE: 1736450
Increasing the performance and stability of diverse formulations across multiple sectors. In the coatings business, these additives improve viscosity and flow qualities, resulting in higher application and finish quality. Rheology modifiers are vital in the personal care industry for producing the correct textures and consistency in products such as lotions and shampoos is surpassing USD 8.61 Billion in 2024 and reaching USD 11.95 Billion by 2032.
Furthermore, the growing emphasis on high-performance and environmentally friendly products is driving innovation in rheology modifiers, with producers creating more sustainable and effective formulas. The expansion of building and infrastructure projects, particularly in emerging regions, is increasing demand for these additives in paints, adhesives, and sealants, further driving market growth is expected to grow at a CAGR of about 4.19% from 2026 to 2032.
Rheology Modifiers Market: Definition/ Overview
Rheology modifiers are additives that influence the flow and viscosity of materials, resulting in maximum consistency and performance in a variety of applications. They are widely utilized in industries such as coatings, adhesives, personal care products, and construction to improve the texture, stability, and application qualities of products. The future of rheology modifiers seems hopeful, with improvements targeted at creating more sustainable and environmentally friendly formulations. As businesses seek high-performance, innovative solutions that meet both functional and regulatory criteria, the need for specialized rheology modifiers is projected to rise, fueling additional research and development in this area.
The growing demand for environmentally friendly products is becoming a major driver in the Rheology Modifiers market. As consumers and companies value sustainability, there is a growing demand for rheology modifiers generated from natural and renewable resources. In May 2024, According to a research issued by the United Nations Environment Programme (UNEP), the global market for eco-friendly chemicals, including rheology modifiers, increased by 18% in 2023 compared to the year before. This trend is mirrored in the latest industrial advances. In July 2024, BASF announced the debut of a new range of bio-based rheology modifiers, citing a 25% rise in demand for their environmentally friendly additives over the previous year.
In August 2024, BASF announced a new line of bio-based rheology modifiers with the goal of meeting rising customer and regulatory demand for environmentally acceptable products. These novel modifiers, produced from renewable resources, are intended to improve the performance and stability of coatings and personal care products while reducing environmental effect. By incorporating bio-based chemicals, BASF aligns with global sustainability trends and meets stringent environmental requirements, positioning itself as a pioneer in the development of green chemistry solutions.
Rising raw material prices may impede the growth of the rheology modifiers market by raising production costs and reducing profit margins. Rheology modifiers frequently rely on specific chemicals and raw materials that are vulnerable to significant price fluctuation due to variables such as supply chain interruptions, geopolitical tensions, and changes in global demand. This volatility can result in higher costs for manufacturers, which may be passed on to customers, thus diminishing the price and appeal of rheology modifiers.
Furthermore, fluctuating raw material costs can lead to market uncertainty and instability, making it difficult for businesses to efficiently plan and manage their operations. This may limit the ability to invest in research and development, delaying the rate of innovation and affecting the release of new and improved products. As organizations attempt to remain competitive and react to economic conditions, the overall growth and expansion of the rheology modifiers market may be limited.
The increasing use of organic personal care products is projected to drive the rheology modifiers market. As customers seek more natural and organic personal care products, producers are integrating organic rheology modifiers to improve the texture and stability of their formulations. For instance, in June 2024, Unilever introduced a new range of organic personal care products that incorporate innovative cellulose-based rheology modifiers to improve the consistency and effectiveness of their natural formulations. Furthermore, in August 2024, the European Commission issued new recommendations supporting the use of organic components in personal care products, encouraging the development and usage of organic rheology modifiers to satisfy these standards. These trends point to a developing market for rheology modifiers that meet the rising demand for organic personal care products.
However, the inorganic market is expanding at the highest rate, driven by rising demand for high-performance, environmentally friendly products. Inorganic modifiers, such as clays and silicates, are gaining popularity because to their stability and ability to improve formulation qualities in high-demand applications such as construction and automobile coatings. The transition to more sustainable and specialized materials is driving the increasing expansion of inorganic rheology modifiers.
The increasing use of paints and coatings is expected to drive the rheology modifiers industry. Advancements in construction, automotive, and industrial applications are driving increased demand for high-performance paints and coatings. In July 2024, PPG Industries introduced a new line of eco-friendly coatings that use sophisticated rheology modifiers to improve performance and environmental sustainability.
Similarly, in August 2024, the United States Environmental Protection Agency (EPA) issued new regulations encouraging the use of low-VOC coatings, driving up demand for breakthrough rheology modifiers that match these requirements. These advancements underscore the vital role of rheology modifiers in optimizing the characteristics of paints and coatings, which drives market expansion in response to changing industry demands and regulatory constraints.
However, the inks industry is the fastest-growing, owing to the expanding usage of high-quality, specialized inks in printing and packaging. The demand for improved print quality, efficiency, and environmental sustainability is driving strong growth in the inks industry, as rheology modifier advances address these changing needs.
Country/Region-wise
The increasing demand for personal care products in North America is a prominent driver of the Rheology Modifiers market. As consumers in the region seek high-quality, innovative personal care products, the demand for advanced rheology modifiers to improve product performance and texture has increased. In June 2024, According to a research released by the Personal Care Products Council, the North American personal care market expanded by 6.5% in 2023, with a focus on products with improved sensory qualities. This trend is mirrored in the latest industrial advances. According to Verified market research, the North American market for rheology modifiers in personal care applications reached USD 8.61 Billion in August 2023, with a predicted 4.19% CAGR through 2032.
In August 2024, the United States Food and Drug Administration (FDA) announced amended rules to encourage the use of sustainable and safe ingredients in personal-care products. This legislative drive coincides with customer preferences for eco-friendly and high-performance products, fueling demand for novel rheology modifiers that satisfy these changing demands. The combination of rising consumer demand and supporting legislation is fostering growth in the North American rheology modifiers industry.
The growing industrialization in the Asia-Pacific region is a major driver of the rheology modifiers market. As countries in this region continue to enjoy strong industrial expansion, particularly in paints and coatings, building, and manufacturing, demand for rheology modifiers has increased. In July 2024, Clariant AG announced a USD 200 Million investment to enhance production capacity for rheology modifiers in China, citing a 25% increase in regional demand.
In June 2024, Sinochem International increased its output of rheology modifiers to meet the Asia-Pacific construction and automotive industries' growing demand. This development emphasizes the growing demand for specialist additives to improve the performance of industrial products and applications. In August 2024, the Indian government announced new efforts under its "Make in India" program to enhance industrial production and infrastructural development. These initiatives include incentives for employing innovative materials, such as rheology modifiers, to boost product quality and efficiency.
The competitive landscape of the rheology modifiers market is characterized by a diverse range of participants, including specialty chemical manufacturers, regional suppliers, and innovative startups. Companies in this sector are focused on developing advanced formulations to meet the specific needs of various industries, such as coatings, adhesives, and personal care products. Market players are differentiating themselves through product innovation, custom solutions, and enhanced performance characteristics. Additionally, strategic collaborations, acquisitions, and regional expansions are common as firms aim to strengthen their market position and cater to growing demand across different geographical regions and industry sectors.
Some of the prominent players operating in the rheology modifiers market include:
BASF SE
The Dow Chemical Company
Ashland Global Holdings, Inc.
Croda International Plc
Elementis plc
Clariant AG
Lubrizol Corporation
Arkema SA
Evonik Industries AG
Eastman Chemical Company
In July 2024, Dow Chemical released a new line of high-performance rheology modifiers for the adhesives and sealants market. The new products are designed to deliver greater viscosity control and stability in demanding applications.
June 2024, Evonik has announced the extension of their rheology modifier line, with an emphasis on environmentally responsible solutions. The company's new solutions are designed to fulfill rising market demand for sustainable and high-performance additives.