The global rheology modifiers market is likely to witness steady growth in the forthcoming years, according to a recent report from Transparency Market Research. Immense potential is reportedly expected in terms of regional vendors, as they are expected to cater to the global competition over the coming years.
Rheology modifier producers are predicted to focus on the research and development of industry-specific products, especially the personal care industry. The trend of use of natural products in raw materials is expected to be leveraged by market vendors in order to gain market shares over the coming years.
The global rheology modifiers market is likely to expand at a 3.7% compound annual growth rate (CAGR) over the forecast period 2016-2024. The market was estimated to be worth $4.9 billion in 2015, and is expected to reach a value of $6.8 billion by 2024.
In terms of the product type, the organic segment is anticipated to account for a high share in the global rheology modifiers market, with a 63% share as recorded in 2015. Geographically, Asia Pacific is expected to emerge as the leading regional market with a 3.9% CAGR over the forecast period.
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