Sizing and Thickening Agents are used in various end-user industries such as paints & coatings, textile, electronics, textile, cosmetics, and others. The growing demand from the developing region across the globe are the major factors driving the global market of Sizing and Thickening Agents. The growing government investments in the infrastructural development coupled with the rising demand for automobiles has augmented the paints and coatings industry. This is contributing to the growth of the Sizing and Thickening Agents Market. Among the various application industries, paints and coatings is a dominant segment and are expected to show the same trend over the forecast period.
The Global Sizing and Thickening Agents Market is segmented into type and application. On the basis of the type, the market is segmented into natural sizing agent, synthetic sizing agents, mineral thickening agent, and hydrocolloids thickening agents. On the basis of the application, the Global Sizing and Thickening Agents Market is segmented into food and beverage, paper & paperboards, paints & coatings, textile and fibers, cosmetics & personal hygiene, and others.
The Paint & Coating Segment is the leading type in the market on account of its growing use in the building and construction, electrical & electronics, and automotive components. Moreover, growing infrastructural investments are further expected to contribute to the growth of the segment during the forecast period.
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Some of the prominent players operating in the Global Sizing and Thickening Agents Market are Ashland (U.S.), Cargill Incorporated (U.S.), CP Kelco (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), and AKZO Nobel N.V.(Netherland), FMC Corporation (U.S.), and Archer Daniels Midland Company (U.S.) among others.
The Global Sizing and Thickening Agents Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance during the forecast period. The developing end-user industries in the region such as construction and automotive are expected to fuel the market growth. Moreover, the favorable government regulations have resulted in the shifting of the manufacturing base in the Asia Pacific, which has further propelled the market growth. The major counties attributing to the growth of the Sizing and Thickening Agents in this region are India, China, and Japan. North America is the dominant region in the market Sizing and Thickening Agents. The developed end-user industries coupled with the growing adoption of Sizing and Thickening Agents are the major factor contributing to the growth of the market. The major countries attributing to this growth are the U.S. and Canada. The European Sizing and Thickening Agents Market is mainly driven by the developed automobile and cosmetic industry. Moreover, the growing demand for on-the-go food and beverage is expected to have a positive impact on the market growth.
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