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Sizing And Thickening Agents Market: What is the Projected CAGR for 2024-2033?

The market size for sizing and thickening agents has seen robust growth in the past few years. The market value is expected to increase from $18.75 billion in 2023 to $20.11 billion in 2024, with a compound annual growth rate (CAGR) of 7.3%. The spectacular growth during the historical period can be credited to the expansion of the food and beverage industry, the surge in consumer preference for processed foods, advancements in the textile and printing sectors, a rise in demand in pharmaceutical compositions, and an increased focus on personal care and cosmetics.

In the coming years, the market for sizing and thickening agents is projected to witness robust growth, reaching $25.75 billion in 2028 with a Compound Annual Growth Rate (CAGR) of 6.4%. This forecasted growth can be linked to various factors such as the emphasis on health and wellness in the food sector, expansion into non-food applications, drive towards innovation and sustainability in textiles, rising demand for specialty personal care products, and the internationalization of pharmaceutical and cosmetic markets. Key trends for the forecast period include the incorporation of nanotechnology for improved functionality, the use of tailored blends for specific uses, increased use of hydrocolloids, focus on improving rheological properties, and the inclusion of digitalization in manufacturing processes.

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What Are the Primary Drivers Supporting the Growth of the sizing and thickening agents Market?

Anticipated growth in oil production is set to trigger momentum in the sizing and thickening agents market. Industries engaging in the discovery, transportation, and refinement of resources into end products are referred to as oil industries. Sizing and thickening agents are known to enhance the effectiveness of oil fracturing during exploration. With the resultant rise in oil production, there is an elevated demand for such agents. As cited by the Energy Information Administration, a US-based supplier of energy data, there was a 14.05% surge to 11,316 barrels daily in the production of oil in the US in February 2022, marking an increase from the previous year’s yield of 9,925 barrels per day. This robust growth in oil production consequently spurs the sizing and thickening agents market.

What Are the Core Segments of the Sizing And Thickening Agents Market?

1) By Sizing Agent Type: Natural, Synthetic Sizing Agents

2) By Thickening Agent Type: Minerals, Hydrocolloids, Other Types

3) By Application: Food And Beverages, Paper And Paperboard, Paints And Coatings, Textile And Fibers, Other Applications

What Trends Are Paving the Way for Change in the Sizing And Thickening Agents Market?

Key players in the sizing and thickening agents market are leveraging product innovation to enhance their market position. For example, in October 2023, Berg + Schmidt, a German company specializing in food and feed ingredients, unveiled BergaMuls ET2. This product is a thickening agent and co-stabilizer for the cosmetic and textile sectors. It presents as the latest plant-based emulsifier providing exceptional skin feel and rheology. Its kindness to skin barriers and lack of surface activity makes it ideal for emulsifier-free concepts. BergaMuls ET2, derived from guar gum, wood, and oats, serves as a natural thickening agent, co-stabilizer, and o/w emulsifier. It promotes viscosity and emulsion stability due to a blend of water-soluble and water-insoluble components. When it’s applied at concentrations between 1 and 3%, it linearly amplifies the viscosity of an o/w emulsion in relation to the oil phase’s dimension.

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Which Regions Are Leading the Charge in Sizing And Thickening Agents Market Development?

North America was the largest region in the sizing and thickening agents market in 2023. The regions covered in the sizing and thickening agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Sizing And Thickening Agents Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the sizing and thickening agents market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Sizing And Thickening Agents Market Include

1. Sizing And Thickening Agents Market Executive Summary

2. Sizing And Thickening Agents Market Segments

3. Sizing And Thickening Agents Market Size And Template Market Growth Rate

4. Key Sizing And Thickening Agents Market Trends

5. Major Sizing And Thickening Agents Market Drivers

……

25. Key Mergers And Acquisitions In The Sizing And Thickening Agents Market

26. Top Sizing And Thickening Agents Companies

27. Sizing And Thickening Agents Market Opportunities And Strategies

28. Sizing And Thickening Agents Market, Conclusions And Recommendations

29. Appendix

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