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  • Published In : Apr 2024
  • Code : CMI6857
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Bulk Chemicals

Regional Analysis

Rheology Modifiers Market Regional Insights

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North America has established itself as the dominant regional market for rheology modifiers with 38.9% share. The region accounts for the largest share of global demand owing to the well-established personal care, paints & coatings, and construction industries in countries like the U.S. and Canada. Strong presence of leading formulation companies and raw material producers in the region provides easy access to rheology modifiers. Stringent regulations regarding product quality and consistency across various application areas further cements North America's top position. Leading customized solutions by local players help end-use industries achieve desired rheological properties. Export of rheology modifiers from North America also contributes to its high consumption. The technical expertise of regional market participants further aids new product development.

Asia Pacific has emerged as the fastest growing regional market for rheology modifiers in recent years. Rapid infrastructure development and industrialization across developing countries like China and India are driving growth. Expanding middle class population with rising disposable incomes is propelling the personal care and homecare sectors. This acts as a major trigger for rheology modifiers demand. China, in particular, exhibits immense future potential attributed to supportive government policies and initiatives to boost domestic manufacturing. Increasing foreign investments in key industries such as paints & coatings and construction are also assisting the APAC market. In addition, the presence of cost-competitive raw material suppliers provides APAC formulation companies an edge over import-reliant regions. The growth is further accelerated by improving R&D capabilities of regional players to innovate customized formulations as per end-use requirements. The rising exports from APAC, especially to developed countries, cements its position as the new global growth epicenter. However, environmental regulations are relatively less stringent in the region, thereby enabling easier market penetration of existing as well as new entrants.

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