Sizing agents are substances that are primarily used in fibers to reduce their porosity and make the fibers suitable for printing purposes. These agents are also used in the paper industries to enhance the ink holding capacity of the paper. Thickeners are used to increase the viscosity of fluid thereby making them an integral part of the food and beverage industry. Moreover, thickening agents are also used as additives in the paint and coatings, inks, cosmetics and personal hygiene products. The most commonly used thickening agents are clay, silica, cellulose, and starch.
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The global sizing & thickening agents market is likely to grow at a favorable CAGR between 2017- 2023, according to the new report by Market Research Future (MRFR). Sizing agents, simply put, are substances that are used in fibers for reducing their porosity and making the fibers ideal for printing purposes. They are also used in the paper industry to improve the ink holding capacity of the paper. On the other hand, thickeners are used for increasing the fluid’s viscosity, thus making it a vital part of the food & beverage industry.
Key Players
Leading players profiled in the global sizing and thickening agents market report include Archer Daniels Midland Company (U.S.), FMC Corporation (U.S.), AKZO Nobel N.V.(Netherland), BASF SE (Germany), The Dow Chemical Company (U.S.), CP Kelco (U.S.), Cargill Incorporated (U.S.), and Ashland (U.S.).
Various factors are adding to the sizing and thickening agents market growth. According to the new MRFR report, such factors include burgeoning demand for natural ingredients in F&D products, surging need for convenience, nutritive, and healthy food products, and increasing trend to use clean-label products. Additional factors adding the sizing and thickening agents market growth include growing demand in paper & textile industry, and food & beverage industry in developing regions and growing urbanization & industrialization.
On the contrary, the increasing price of hydrocolloids thickening agents may limit the global sizing and thickening agents market growth over the forecast period.
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Market Segmentation
The MRFR report gives an inclusive segmental analysis of the global sizing and thickening agents market report based on application and type.
By type, the global sizing and thickening agents market has been segmented into hydrocolloids thickening agents, mineral thickening agent, synthetic sizing agents, and natural sizing agent. Of these, the hydrocolloids thickening agents segment will lead the market over the forecast period.
By application, the global sizing and thickening agents market has been segmented into cosmetics & personal hygiene, textile and fibers, paints and coatings, paper and paperboards, food and beverage, and others. Of these, food and beverage will dominate the market over the forecast period.
Key Market Drivers:The growing demand for food & beverages, paper, and textile industries in the developing region are the major factors
Key Market Opportunities:The growing industrialization and urbanization in the developing regions throughout the globe
Regional Analysis
Based on the region, the global sizing and thickening agents market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Among these, the APAC region will spearhead the market over the forecast period. Favorable government regulations attracting industry players to enter the market coupled with the presence of populated countries like China and India that has boosted the use of paints and coatings in the automobile & construction sector is adding to the sizing and thickening agents market growth in region. Japan, India, & China have a maximum share in the market.
The global sizing and thickening agents market in North America is predicted to have healthy growth over the forecast period. Developed end user industries like electronics, transportation, and construction, newly elected government that has brought a new wave of investment to develop and renovate commercial and residential infrastructure, and growing working population that has boosted the demand for convenience and processed food products are adding to the global sizing and thickening agents market growth in the region.
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North America is another dominant region in the market of sizing and thickening agents. The developed end-user industries such as construction, transportation, and electronics among others are significantly driving the market growth. Moreover, the newly elected government has brought in a new wave of investment in development and renovation of residential and commercial infrastructure, which is expected to boost the demand for sizing and thickening agents in the construction industry.
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The global sizing and thickening agents market in Latin America and the MEA is predicted to have sound growth over the forecast period.
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