Sizing and Thickening agents Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Sizing and Thickening agents Market is estimated to be USD 16.6 billion in 2016 and predicted to rise to USD 21.9 billion by 2021 with a CAGR of 5.7%. The market is segmented by Type (Sizing: Natural, Synthetic, Thickening agents: Minerals, Hydrocolloids) and Application (Food and Beverages, Paper and Paperboard, Paints and Coatings, Textile and Fiber and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Major factors driving the growth of market are increasing applications of thickeners and sizing agents in paper, textile and food and beverage industry, increasing consumption of processed food and beverages and agreements, collaborations, joint ventures, acquisitions, expansions, and new product launches from market leaders. However, environmental concerns regarding use of these agents and depletion of raw materials and minerals are the factors restraining the growth of market.
Natural Sizing agents hold the major share in the market in terms of sizing agent types. Mineral Thickening agents hold the major share in the market while hydro colloids are expected to grow the fastest due to technological advancements making them cost effective. Food and beverage industry hold the maximum share in terms of applications and paper industry is expected to grow the fastest.
North America is leading the market regionally, followed by Europe due to the presence of market leaders and a well-developed food industry. Asia Pacific is expected to grow the fastest owing to its increasing disposable income, rise in living standards and growing adoption rate.
Some of the key players in Sizing and Thickening agents market are Archer Daniel Midlands Company, Ashland, Cargill, Inc., CP Kelco, Dupont, FMC Corp, Ingredion, DOW Chemicals, BASF, AKZO Nobel.
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