This report analyzes the sizing & thickening agents market, in terms of region, type, and application.
The global sizing & thickening agents market is driven by growing demand for natural ingredients in food & beverage products. Increasing demand for healthy, nutritive, and convenience food products is driving the hydrocolloids segment in the thickening agents market. The growing trend of using clean-label products, which are slowly becoming mandatory across the globe, creates many opportunities for new formulations and new product developments in food & beverage segments.
The demand for sizing & thickening agents is fueled by applications in various industries such as paper & paperboard, textiles, paints & coatings, pharmaceuticals, personal care products, and drilling fluids.
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The global sizing & thickening agents market is highly competitive, with a large number of global and regional market players. Agreements, collaborations, joint ventures, acquisitions, expansions, and new product launches are some major strategies adopted by players to achieve growth in the market.
The geographical and application-wise split was determined using secondary sources and verified through primary respondents. Demand in different regions was considered while estimating the share of the different regions in the sizing & thickening agents market. The market estimation was also based on various parameters, such as the number of players, demand trends, supply trends, and the extent of research activity in a particular region. The global sizing & thickening agents market is projected to reach a value of $20.7 Billion by 2020, at a CAGR of 5.7% from 2015.
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