TMR_Research_Reports_2017 Largest Growth Opportunity for Manufacturers 2024 | Page 3

Rheology Modifiers Market
3.9% between 2016 and 2024. Within this region, the product segment of organic rheology modifiers
is expected to show the faster growth rate and market size in 2024, as compared to inorganic
rheology modifiers. In 2015, nearly 52% of the Asia Pacific rheology modifiers market was taken up
by China, manifesting the strong industrial growth of the country. The country’s market share is
expected to increase till 2024.
The North America rheology modifiers market stands to gain from upcoming construction projects in
the region to drive itself. Apart from construction, sealants, personal care products, and paints and
coatings are also expected to provide a significant scope of growth for rheology modifiers players.
Meanwhile, Europe is showing a steady growth in its demand for rheology modifiers due to a growing
concern over the use of clean raw materials and modifiers that are not detrimental to health.
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Organic Rheology Modifiers Continue to Dominate Revenue Shares
With organic and inorganic being the two product segments in the global rheology modifiers market,
about 63% was occupied by the organic segment in 2015. It is also expected to be the faster growing
segment in the global rheology modifiers market in terms of both revenue generation and volume
growth.
All major organic rheology modifiers – including polyurethane, guar gum, and xanthan gum – are
heavily used in the industries of construction, pharmaceuticals, and paints and coatings, owing to
their effectiveness and ease of production. On the other hand, inorganic rheology modifiers such as
precipitated and fumed