Sizing And Thickening Agents Market

Market outlook: 

Sizing And Thickening Agents Market is poised to grow significantly due to various applications in industries such as food and beverages, textiles, pharmaceuticals and personal care products. Sizing And Thickening Agents Market in 2023 was valued at USD 20 billion it is projected to grow to USD 45 billion by 2032, at a CAGR of 12.7% from 2024 to 2032. Expansion is fueled by growing consumer demand for processed foods, advances in textile and printing technology, and growing interest in health and wellness products. In North America, the market growth is fueled by high demand for food processing and pharmaceuticals, especially in the US, Canada and Mexico. Europe will see significant contributions from food and beverage and coatings innovation, with Germany, the UK, France and Italy as key markets. Asia Pacific is the fastest growing region due to rapid industrialization, growing population and higher disposable income in countries such as China, India and Japan, and significant investment in food processing and textile production. The Latin America and Middle East Africa regions are also experiencing growth due to increased demand for processed foods, pharmaceuticals, and personal care products. Several trends are shaping the market, including growing consumer preference for health and wellness products, which is driving demand for natural and functional thickeners in food and beverages. Technological advances, especially in nanotechnology and composite customization, increase the functionality of products. In addition, the textile industry invests significantly in sustainable practices, which increases the demand for environmentally friendly adhesives.

Sizing And Thickening Agents Market

Size, by Product, - (USD Billion)

Sizing Agents

Thickening Agents

Other Products

The Market will Grow

At the CAGR of:

12.7%

The Forecast Market

Size for in USD:

$45 billion

Key players:

1. Archer Daniels Midland Company (ADM)

2. Ashland Global Holdings Inc.

3. BASF SE

4. Cargill Inc.

5. CP Kelco

6. Dow Inc.

7. DuPont de Nemours Inc.

8. Harmony Additives Pvt. Ltd.

9. Ingredion Inc.

10. Tiny Chempro

11. Akzo Nobel N.V.

12. Solvay S.A.

13. Kemira Oyj

14. FMC Corporation

15. Royal DSM N.V.

16. Evonik Industries AG

17. Tate & Lyle PLC

18. Clariant AG

19. Henkel AG & Co. KGaA

20. Eastman Chemical Company​

Recent Developments:

19/06/2024 SINGAPORE – ADM (NYSE: ADM), a global leader in innovative solutions from nature, today announced that spore-forming probiotic DE111™* (Bacillus subtilis) has received official approval from the Therapeutic Goods Administration (TGA), a part of the Australian Department of Health. This extends DE111™'s availability into new regions**, following the recent approval from the National Health Commission (NHC) in China.

June 11, 2024 Essen, Germany. Rating agency EcoVadis has awarded Evonik a platinum rating for its achievements in sustainability. The specialty chemicals company thus ranks among the top one percent of companies rated by EcoVadis in the past 12 months.

Competitive Landscape:

Sizing And Thickening Agents Market is highly competitive, with key players like ADM, Ashland Global Holdings Inc., BASF SE, and Cargill Inc. investing in research and development to improve products and stay ahead. Other companies like CP Kelco, Dow Inc., DuPont de Nemours Inc., and Ingredion Inc. focus on sustainable solutions to meet consumer preferences. Companies like Harmony Additives Pvt. Ltd., Akzo Nobel N.V., Solvay S.A., and Kemira Oyj are expanding through mergers and acquisitions. Prominent players like FMC Corporation, Royal DSM N.V., Evonik Industries AG, Tate and Lyle PLC, and Clariant AG drive innovation and growth in the market with specialized offerings. This competitive landscape encourages innovation and growth to meet the needs of various industries.

Sizing And Thickening Agents Market

Share, by end user, (USD Billion)

20 billion%

Food Industry

Textile Industry

Pharmaceutical Industry

Oil and Gas Industry

Other End-Users

45 billion

Total Market Size

USD (Billion),

12.7%

CAGR

-

Market segmentation:

By Type:

Sizing Agents: These agents are primarily used to impart desired physical and chemical properties to materials, especially in the paper and textile industries, enhancing the strength and printability of the products.

Thickening Agents: These agents are widely used to increase the viscosity of a substance without substantially altering its other properties. They are essential in food and beverages, cosmetics, and pharmaceuticals to ensure the desired consistency and texture.

By Application:

Food and Beverages: These agents are critical in improving the texture, consistency, and stability of food products. They are used in sauces, dressings, soups, and dairy products.

Painting and Coatings: In this sector, thickening agents are used to enhance the viscosity and flow properties of paints, ensuring a smooth application and improved surface finish. 

Paper and Paperboards: Sizing agents are essential in the paper industry to improve the paper's printability, resistance to water, and overall quality.

Others: This includes applications in textiles, pharmaceuticals, and personal care products where these agents play a role in enhancing the quality and functionality of the products.

By End User:

Food Industry: Utilizes thickening agents to improve product texture and stability.

Textile Industry: Employs sizing agents to enhance the strength and quality of fabrics.

Pharmaceutical Industry: Uses both sizing and thickening agents in drug formulations to ensure proper consistency and stability.

Personal Care and Cosmetics Industry: Relies on these agents to achieve the desired viscosity and stability in products such as lotions, creams, and gels.

Oil and Gas Industry: Uses sizing and thickening agents to improve the efficiency of drilling fluids and other applications.

Printing and Coating Industry: Employs these agents to improve the quality and performance of printing inks and coatings.

Sizing And Thickening Agents Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

12.7%

The Forecast Market

Size for in USD:

$45 billion

Regional Analysis:

Asia Pacific stands out as the most dominant region:

Asia Pacific is the dominant force in Sizing And Thickening Agents Market, driven by rapid industrialization, urbanization, and economic growth. Countries like China, India, and Japan are leading the way in expanding the market by investing in their industrial capabilities and improving product quality. The region's growing population and rising disposable income are fueling significant demand in various sectors such as food processing, textiles, and hygiene products. Japan, with its advanced technological capabilities, is further strengthening its leadership position in the region. The large middle-class population in the Asia-Pacific region demands high-quality and versatile products, making it a key region for the production and consumption of adhesives and thickeners. Government initiatives to increase production capacity and support industrial growth also play a crucial role in the market expansion in the region.

Porter’s Analysis:

• Competition: Sizing And Thickening Agents Market is moderately to highly competitive. Key players compete on product differentiation, quality and innovation. Intense competition can lead to price competition and aggressive marketing strategies to maintain or increase market share.

• Risk of New Entry: There are significant barriers to entry for Sizing and thickeners. These include high R&D costs for developing new formulations, strict regulatory requirements for chemical products and established relationships with key customers. Incumbent companies benefit from economies of scale and brand loyalty, which makes it difficult for new entrants to enter the market.

• Threat of Substitution: There is a moderate threat of substitution in the market for Sizing and thickeners. Substitutes may include natural alternatives, different chemical compositions, or process modifications that provide similar functions (e.g. thickening or resizing). The development of natural and sustainable products can increase the attractiveness of substitute products over time.

• Bargaining power of suppliers: Suppliers of raw materials and technologies have moderate bargaining power in Sizing And Thickening Agents Market. Suppliers can be chemical manufacturers, raw material suppliers and technology suppliers. Factors affecting supplier power include the availability of unique raw materials, technological developments and the switching costs of buyers.

• Buyer Bargaining Power: Buyers in Sizing And Thickening Agents Market have moderate to high bargaining power. This is influenced by their focus and ability to switch suppliers based on price, quality and performance. Buyers in the food, cosmetic and pharmaceutical industries may have specific requirements and standards that give them leverage over suppliers.

Key Benefits to Stakeholders:

• Sizing And Thickening Agents Market market analysis includes in-depth information on major industry players.
• Porter's five forces analysis helps to analyze the potential of buyers and suppliers and the competitive situation of the industry in strategy formulation.
• The report includes an in-depth analysis of the Sizing And Thickening Agents Market market forecast from 2024 to 2032.
• The report highlights the current global chlorine dioxide trends and the future scenario of the Sizing And Thickening Agents Market market from 2024 to 2032 to understand prevailing opportunities and potential investment pockets.
• Key drivers, restraints, and opportunities along with their detailed impact analysis are explained in the Sizing And Thickening Agents Market market study.

Key Market Drivers:

Growing demand for processed foods: The market for thickeners that improve structure and stability is driven by the growing consumption of ready-to-eat foods.

Clean Label Trends: The demand for natural thickeners such as starches, gums and pectins is driven by consumer preference for natural and clean label ingredients.

Pharmaceutical Applications: Adhesives and thickeners are added to pharmaceutical formulations to ensure proper stability and consistency of products such as syrups, creams and gels.

Personal care products: develops cosmetics and personal care products such as lotions, shampoos and conditioners that use these substances to achieve the right consistency and viscosity.

Innovations in Product Development: Advances in biotechnology allow new biopolymers and natural thickeners to be developed to meet the growing need for environmentally friendly and sustainable products.

Improvement of Functional Properties: Adhesives and thickeners are considered more attractive by manufacturers due to their improved stability, gelling ability and tolerance to pH fluctuations.

Textile Business Growth: To improve the strength and controllability of yarns during weaving, sizing agents are essential in the textile industry.

Paper and Pulp Industry: Adhesives are used to improve paper strength and printability due to the need for high quality paper products.

Economic growth: As emerging economies urbanize and have higher per unit income, people are consuming more processed food, medicine and hygiene products. This increases the need for adhesives and thickeners.

Sizing And Thickening Agents Market TO (USD BN)

CAGR OF

12.7%

Sizing And Thickening Agents Market

45 billion%

Key Restraints:

Strict guidelines: Regulatory agencies place strict restrictions on the use of certain chemicals and additives, especially in food and medicine. Complying with these laws can be expensive and time-consuming.

Approval processes: Obtaining FDA or EFSA approval for new products and chemicals can delay market entry and increase development costs.

Price Fluctuations: Product costs may be affected by changes in the prices of raw materials used in adhesives and thickeners, including starch, natural rubber and synthetic polymers.

Supply chain: Any supply chain disruption, whether caused by pandemics, natural disasters or geopolitical conflicts, can lead to shortages and higher prices.

Sustainability issues: Environmental regulations and growing public awareness are forcing manufacturers to adopt environmentally friendly practices, which can be expensive and technically difficult.

Waste management: Disposal of waste materials and by-products of the production process according to environmental standards increases operating costs.

Innovation Costs: Continuous investment in R&D is required to create new and better products that meet changing consumer desires and legal requirements. This can put you under a lot of financial pressure.

Acceptance of substitutes: The introduction of products or technologies that replace traditional thickeners and adhesives can expand the market.

High Competition: There are many competitors in the market, including established companies and new entrants, which can cause price wars and reduced profit margins.

Market Saturation: Some regions may have less room for expansion as the market approaches saturation.

Shift to natural products: Companies that rely on synthetics may find it difficult to adapt to the growing consumer preference for natural and clean brands.

Conclusion:

The Sizing and thickeners market is poised to grow significantly from 2024 to 2032 due to applications in food and beverages, textiles, pharmaceuticals, and personal care products. Technological advancements, consumer demand for natural and functional ingredients and strong growth in the Asia-Pacific region due to rapid industrialization and rising disposable income are driving the market growth. Despite significant barriers to entry and moderate competition, major players are investing in innovation and sustainability to maintain market leadership. However, challenges such as regulatory restrictions, supply chain disruptions and the transition to natural products create ongoing obstacles that require strategic adaptation and investment in RnD to ensure sustainable growth and profitability.