Global Thickeners Market Will Reach USD 18,683 Million by 2026

Global Thickeners Market Will Reach USD 18,683 Million by 2026

Ÿ   Base Year: 2018

Ÿ   Estimated Year: 2019

Ÿ   Forecast Period: 2019 to 2026

It is estimated that the CAGR (Compounded Annual Growth Rate) of the world market in the forecast period will reach 5.69%, and the total market value is expected to reach USD 18,683 million in 2026 from USD 12,683 million in 2019.

Thickeners are substances, which can increase the size and viscosity of a liquid without substantially changing its other properties. Edible thickeners are generally- used to thicken soups and sauces without altering their taste. Thickeners are also used in explosives, cosmetics, paints and inks.

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Key Players:

Key players in the Thickeners market include Ashland, ADM, CP Kelco, FMC Corp, Cargill, BASF, DuPont, Dow, Ingredion, Akzo Nobel, Celanese AG, Eastman, Huber, PPG, Lubrizol, San Nopco, TRIMER, Henkel, Tate & Lyle, Zechuan Chem, Grace, PQ Corp, Burgess Pigment, etc.

Market Driver and Restraint

Rising demand for the product in carbonated drinks and flavored beverages are expected to drive the growth of the thickener market over the forecast period. Thickener’s strong application scope in processed feed industry along with rise in consumer awareness towards healthy diet, which is propelling the growth of the thickener market. However, this market’s growth is projected to be restrained on account of its high price.

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Forecast by Geography

According to geographic location, the global thickener market has been divided into North America, Latin America, Asia Pacific, Europe, Middle East and Africa. Due to the rapid population growth and growing demand for baby food, condiments and dairy products in the region, the Asia Pacific region is expected to be the fastest growing market for thickeners. China has the largest market share in the Asia Pacific region due to rapid population growth and growing demand for baby food, condiments and dairy products in the country. Changing cooking preferences and strong growth in the European food and beverage industry have led to regional markets rising at a higher rate during the forecast period.

Type Segment Analysis

The various product types are Inorganic Thickener, Cellulose Ether, Synthetic Polymer, Natural Polymer and Its Derivatives, and Others.

Application Segment Analysis

The Thickeners is deployed in various end users: Food, Coating, Cosmetics, Medicine, Detergent, Others.

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Target Audience:

•     Thickener manufacturers

•     Thickener potential investors

•     Small and Medium-sized Enterprises (SMEs)

•     Distributors and resellers of thickener

•     Thickener industry associations

•     Product managers, thickener industry administrator, C-level executives of the industries

•     Market Research and consulting firms

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