The Sizing And Thickening Agents Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sizing And Thickening Agents Global Market Report 2024, 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%. The growth in the historic period can be attributed to increased food and beverage industry, rise in consumer preference for processed foods, advancements in textile and printing industries, increased demand in pharmaceutical formulations, increased emphasis 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%. The growth in the forecast period can be attributed to health and wellness trends in food products, expansion of non-food applications, focus on textile innovation and sustainability, increasing demand for specialty personal care products, globalization of pharmaceutical and cosmetic markets.. Major trends in the forecast period include advancements in nanotechnology for enhanced functionality, customization of blends for specific applications, growing adoption of hydrocolloids, focus on enhanced rheological properties, integration of digitalization in manufacturing processes..
An increase in oil production is expected to propel the sizing and thickening agents market growth. The oil industries refer to industries that are involved in discovering a resource, transporting to a refinery, and processing it into a finished product. Sizing and thickening agents improve the fracturing efficiency of oil during exploration, as a result, an increase in oil production increases the demand for the sizing and thickening agents. For instance, in November 2022, according to Energy Information Administration, a US-based provider of energy information, the production of oil in the US in Feb 2022 increased by 14.05% to 11,316 barrels per day compared to 9,925 barrels per day in 2021. Therefore, the increasing oil production drives the sizing and thickening agents market.
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The sizing and thickening agents market covered in this report is segmented –
1) By Sizing Agent Type: Natural, Synthetic Sizing Agents
2) By Thickening Agent Type: Minerals, Hydrocolloids, Other Types
3) By Application: Food And Beverages, Paper And Paperboard, Paints And Coatings, Textile And Fibers, Other Applications
Product innovation is a key in the sizing and thickening agents market. Major companies operating in the sizing and thickening agents market are focused on developing innovative solutions to strengthen their position in the market. For instance, in October 2023, Berg + Schmidt, a Germany-based enterprise in the field of food and feed ingredients, launched BergaMuls ET2, a thickening agent and co-stabilizer used in the cosmetics and textile industries. It is the newest emulsifier made of plants that supports exceptional skin feel and rheological qualities. It’s beneficial to emulsifier-free concepts because it doesn’t show surface activity and is kind to the skin barrier. BergaMuls ET2 is a natural thickening agent, co-stabilizer, and o/w emulsifier made from guar gum, wood, and oats. Viscosity and emulsion stability are supported by the combination of water-soluble and insoluble components. When used at concentrations between 1 and 3%, it causes an o/w emulsion’s viscosity to increase linearly with the oil phase’s size.
The sizing and thickening agents market report table of contents includes:
- Executive Summary
- Sizing And Thickening Agents Market Characteristics
- Sizing And Thickening Agents Market Trends And Strategies
- Sizing And Thickening Agents Market – Macro Economic Scenario
- Global Sizing And Thickening Agents Market Size and Growth
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- Global Sizing And Thickening Agents Market Competitive Benchmarking
- Global Sizing And Thickening Agents Market Competitive Dashboard
- Key Mergers And Acquisitions In Sizing And Thickening Agents Market
- Sizing And Thickening Agents Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Archer-Daniels-Midland Company
- Ashland Global Holdings Inc.
- Cargill Inc.
- CP Kelco India Pvt Ltd.
- DuPont de Nemours Inc
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