Global Sizing and Thickening Agents Market 2018-2022
About Sizing and Thickening Agents
Sizing agents are substances that are commonly applied to fibers to reduce their porosity and make them suitable for printing. Thickening agents improve the viscosity of fluids without changing other properties. They are commonly used by the F&B industry to increase the viscosity of liquids.
Technavio’s analysts forecast the global sizing and thickening agents market to grow at a CAGR of 5.77% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global sizing and thickening agents market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sizing and Thickening Agents Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Sizing and Thickening Agents Market 2018-2022: Archer Daniels Midland, Ashland, BASF, DowDuPont, Cargill, and CP Kelco.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing number of oil and gas exploration activities. The rising demand for thickening agents in oil and gas exploration is expected to drive the consumption of thickening agents. These agents help in increasing the viscosity of drilling fluids and thereby enhance the efficiency of fracturing in oil and gas exploration. As per the EIA, the US, Saudi Arabia, Brazil, Norway, and Mexico accounted for 43% of the total offshore oil production in 2015.”
According to the report, one driver in the market is rising use of sizing and thickening agents in industrial applications. The rising demand for sizing and thickening agents from industries such as F&B, paper, textiles, and building and construction industries is expected to foster market growth. These are primarily used to increase the viscosity of sauces and soups without altering the taste. They enhance the texture and appearance of these commodities and are also used in jams, desserts, and jellies as gelling agents.
Further, the report states that one challenge in the market is fluctuation in prices of raw materials. Thickening agents are derived from polysaccharides such as starches, vegetable gums, pectin, and proteins. Some powdered starches are tapioca, potato starch, arrowroot, cornstarch, and sago. The supply of these starches and other derivatives is inconsistent. The prices of other vegetable gums used as thickening agents such as locust bean gum, xanthan gum, guar gum fluctuate depending on the availability of raw materials.
Archer Daniels Midland, Ashland, BASF, DowDuPont, Cargill, and CP Kelco.
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