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The market dynamics fabricated through the use of sizing and thickening agents determine and shape the dynamics of various industries, being one of the determined factors. Size or thicknessening agents are elements of the textile sector that are important in imparting strength and dimensional stability to textiles. At the same time, are also utilized by other industries such as chemicals, foods, cosmetics and medicals to this same effect. Among various factors, that have a significant bearing on the growth of the thickeners market is the booming demand for convenience, as well as processed food products, where thickening agents are chiefly used for modifying texture and keeping the contents in steady state. The volatility of the food and food industry due to trade along with the increasing preference is responsible for the demand of these agents.
Similarly, they produce such chemicals as sizing agents which are required in sizing yarns for improved weaving and the quality of a fabric is also enhanced by the same chemical. The fast growing global population is underlines the increase in demand for textiles and clothes leading to further sizing agents usage revenue. Besides this, the thikkening agents are applied in the production of articles both of cosmetics and pharmaceuticals, e.g. creams, emulsions or tegether suspensions. Also, the increased emphasis on individual care and well-being adds to this need for these chemicals.
The market can be dominated by new technologies or innovations in manufacturing practices. And this technology will cause new trends to develop and old ones to die out. To support market growth, companies do continuous research and development activities which mainly aims at improvement of efficiency and ecofriendly nature of customer agents. Either manufacturers will be investing more greener and bio-based materials to meet the growing trend of eco-friendly products, or the suppliers using eco-friendly materials will be facing high demand from the customers in the market. These emission cuts design a process which aligns with the increased consciousness in consumption issues among consumers who are becoming more open to the environmental consequences of the products they consume.
On the bright side, difficulties like the unsteadiness of raw material prices and the vigilance along the line of using permissible ingredients for these agents play a hand in the market’s dynamics. Manufacturing has to balance the difficulties in this regard while adhere the regulations and be at the edge in the market. Furthermore, the supply chain and manufacturer organizations experience interruptions because of the unexpected pandemic the result of which is that the market power of thickening and sizing agents become unpredictable. Economic disruptions of the pandemic have induced shifts in demand on the one hand and, on the other, they have necessitated industry players to recast and bring their strategies into line with the new modes and trends.
The geography makes the market to be dispersed giving the market calm dynamics. The growing manufacturing in transitioning economies and expanding urban dwellings add up to the range of size and thickness behind thickeners consumption increase. The demand for these agents is proportional to the expansion in the regions that get more involved in production manufacturing, such as food and textile industries.
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Sizing Thickening Agents Market Highlights:
Sizing Thickening Agents Market Overview
Sizing and Thickening Agents Market is projected to be worth USD 26.37 Billion by 2030, registering a CAGR of 7.7% during the forecast period (2022 - 2030).
One of the primary reasons that will affect the value of the Sizing and Thickening Agents market in the coming years, according to the sizing thickening agents market forecast, is the rising usage of sizing and thickening agents in industrial applications. Various sectors, such as paper, textiles, and construction employ sizing and thickening agents, which increases market demand. These substances are often used as food thickeners to improve the viscosity of sauces and soups while preserving their taste. Sizing and thickening agents are also used as gelling agents in jams, sweets, and jellies, increasing their texture and appearance.Â
Cosmetics also employ thickening agents like waxes and petroleum jelly. Some of the thickeners that promote stability are polyethylene glycol and polyacrylic acid. One of the key sizing and thickening agent market trends gaining relevance in the sizing thickening agents market is the rising number of oil and gas exploration operations. In the oil and gas exploration industry, thickeners are in high demand. Thickeners have the potential to improve fracturing efficiency in oil and gas exploration by increasing the viscosity of drilling fluids. The rising requirement for more offshore hydraulic fracturing to boost the productivity of aging offshore reserves will drive up the market value of sizing and thickening agents.
The sizing agent is a type of additive commonly used on fibers with the appropriate properties. Sizing agents are widely used to minimize fiber porosity created during printing. Such chemical agents improve the fibers' resistance to introducing water or other liquids. Surface sizing agents and internal sizing agents are the two types of sizing agents. Alkyl succinic anhydride, rosin, and alkyl ketene dimer are some of the most frequent internal sizing agents. The widely used surface sizing agents include styrene-maleic anhydride, styrene-acrylic acid, gelatin, polyurethane, and ethylene-acrylic acid. Natural and synthetic sizing agents are divided into two categories based on the raw materials utilized in the production process. Sizing agents are largely divided into natural and synthetic categories based on the raw materials utilized in their production. Textile and paper industries are the primary users of sizing agents. During the papermaking process, the fiber is treated with sizing agents, which enhances the ink holding capacity and increases the paper's printing capacity. Furthermore, sizing agents increase the quality of yarns used in the textile industry by preventing fiber breakage.
Covid-19 Analysis
As a result of the epidemic, the entire globe is now facing the unavoidable difficulties of a global health emergency. This pandemic has harmed the worldwide sizing and thickening agent market share and a variety of other industrial and manufacturing sectors. During the worldwide pandemic, the global market has been in high demand. Investors and the market's main stockholders suffered significant losses during the worldwide pandemic. Such factors significantly influence the global market for sizing and thickening agents. However, the governments of numerous areas have ordered a rigorous lockdown protocol, which has resulted in the closure of most international crossings. All commercial and business activity has been halted for many periods due to this.
The worldwide pandemic affects global market sectors and has had a significant influence on global sizing and thickening agent market share. Most manufacturing sectors are seeing a significant loss of production work due to the closure of international borders. Most industrial manufacturers have been forced to halt production due to a scarcity of raw materials, which has substantially influenced the worldwide sizing thickening agents market sectors.
The Chief Factors Existing in the Market
Key Market Drivers
The continued need for manufacturing work and the growing knowledge of developing technologies in the current industry has prompted the major market players to establish a massive commercial platform in the worldwide business sectors. One of the most important reasons for which most industrial specialists and large investors wish to participate in the significant sizing and thickening agent market size is the growing global population.
Market Challenges
The worldwide size and thickening agent market have been severely hampered during the pandemic. Every industry and corporation wants to get out of this scenario. Most foreign commercial cars do not arrive at their destination on time due to the shutdown. Due to a scarcity of raw materials and other necessary industrial equipment, some sectors have experienced reduced production rates.
Market Opportunities
Just after the release of lockdown, the worldwide market provided a plethora of prospects to the market's most notable competitors. The whole sizing thickening agents market trends have opened up significantly, and as a result, demand for maximum production has risen.
Market Restraints
The global market has experienced a substantial variation in cost-effectiveness on raw materials and factory production accessories just after the lockout. Most investors are also experiencing labor shortages in their companies due to price increases on many pieces of equipment. These factors have combined a significant market limitation for the worldwide sizing and thickening agent market.
Cumulative Evaluation of the Market
Due to increased global health awareness, numerous countries have implemented a stringent lockdown mechanism in their countries, for which the international and national boundaries have long served as a barrier. During the epidemic, the global economic sector faces a major problem. Many investors and shareholders in the worldwide sizing thickening agents market desire to put their money into new company sectors that can produce a large volume of products utilizing innovative technology and contemporary industrial equipment. The major market companies have also expanded their production rates in response to the opening of global industries. In contrast, competition between new business sectors and the major market players has grown dramatically.
The suspension of foreign commercial vehicles posed a major threat to various industrial firms' production schedules. Every corporation and industrial industry is always attempting to boost their output rate while also overcoming the worldwide pandemic.
Market Segmentation
According to the latest sizing and thickening agent market analysis report, the global market has been divided into type, application, and regional basis. With the type section, the global market has been divided into natural and synthetic, mineral & hydrocolloid. The application section divides the global market into five parts: food & beverage, paints & coatings, paper & paperboard, textile, and others. As per the regional basis, the market is classified into five sections: Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
Regional Analysis
Asia-Pacific has a considerable market share and is expected to be the fastest-growing market throughout the projection period, with a promising annual compound growth rate. The development of sizing and thickening agents is fueled by the fast growth of industries and urbanization in the Asia-Pacific area. Furthermore, favorable government laws in the area have enticed a number of industry players to enter the lucrative market, resulting in market expansion. The presence of the world's most populous countries, such as India and China, has increased the use of paints and coatings in industries such as construction and automotive, adding to the market's growth. Customers for these sizing and thickening agents in the area include China, Japan, and India.
Competitive Intensity within the Industry
Leading players in the sizing and thickening agent market are constantly growing their operations by accepting and expanding new technological product development and innovation. Some major market players intend to expand their manufacturing operations into the rising economic sectors. China is one of the leading producers of sizing and thickening agents on the market today. With the current market need for sizing and thickening agents rising, investors and other shareholders have put a lot of effort into the manufacturing process.
Some of the primary players in such industries are
- Ashland
- Cargill Incorporated
- CP Kelco
- The Dow Chemical Company
- BASF SE
- AKZO Nobel N.V.
- FMC Corporation
- Archer Daniels Midland Company
Recent market Development
February 2022: One of the leading market players, Ashland which is based in the United States had declared their plans on expanding the production capacity of Natrosol Hydroxyethylcellulose at Hopewell facilities. The Natrosol Hydroxyethylcellulose is considered an excellent thickening agent that is derived from nature and therefore used as a non-ionic rheology modifier in several industrial and consumer applications. The predominant usage of the Natrosol is as cellulosic thickeners for the water vehicles and coatings for architecture. However, on the other hand, they are intensively used across varied industries like oil and gas, pharmaceutical, and personal care industries.
August 2021: One of the leading market players, Cosmo-speciality chemicals had introduced a clay-based sourcing agent which is designed specifically for the textile industry and the product helps the textile industries by eliminating the additional auxiliaries such as wetting agents, chelating agents, surfactants, lubricants, and significant others. Thereby reducing the costs required for treating processes of textile.
Report Overview:
The research on the worldwide sizing thickening agents market includes complete information and data on the most recent industries and their frameworks. The report contains all the facts and information, which is beneficial to the readers. This market research report includes important market practices, forecasted time, and worldwide market production rate. The research also discusses the impact of the worldwide epidemic on several market sectors. It also mentions industry potential, main market challenges, and market restrictions. This market research report includes all segments and full regional analysis.Â
Key Industrial Segmentation Type
- Natural and synthetic
- Mineral & Hydrocolloid
Application
- Food & beverage
- Paints & coatings
- Paper & paperboard
- Textile
- Others
Regional Basis:
- Asia-Pacific
- North America
- South America
- Europe
- Middle East & Africa
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