리올로지 개질제 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the rheology modifiers market size was valued at USD 8.43 billion in 2025 and is estimated to grow from USD 8.80 billion in 2026 to reach USD 10.93 billion by 2031, at a CAGR of 4.43% during the forecast period (2026-2031).

Global Rheology Modifiers Market Trends and Insights

Low-VOC Waterborne Formulation Shift

Regulatory requirements are changing the performance needs for rheology modifiers in coatings. The U.S. Environmental Protection Agency finalized amendments to the national volatile organic compound emission standards for aerosol Coatings on January 6, 2025. The U.S. framework also limits architectural coatings through Section 183(e) of the Clean Air Act. California's South Coast Air Quality Management District applies Rule 1113 limits that reach 50 grams per liter for some coating categories. The European Union's Decopaint Directive and its Chemicals Strategy for Sustainability also favor water-based coating systems. The rheology modifiers market benefits because waterborne products require reliable viscosity under high-shear mixing, temperature changes, and colorant dilution.

Expansion of Paints and Coatings in Construction and Industrial Maintenance

Construction activity across the Asia-Pacific region provides a large demand base for architectural and protective coatings. India's USD 134 billion federal infrastructure allocation for 2025-26 supported transport and public works activity. Each coated surface requires controlled application viscosity, sag resistance, and workable open time. These functions link construction and industrial maintenance demand directly to the rheology modifiers market. Protective coatings used on industrial assets also require performance under demanding operating conditions.

Petrochemical, Mineral, and Energy-Cost Volatility

Rheology modifier production depends on petrochemical, mineral, and energy inputs. Acrylic acid is used in alkali-swellable emulsion (ASE) and hydrophobically modified alkali-swellable emulsion (HASE) thickener production. Polyisocyanates are used in Hydrophobically modified Ethylene oxide URethane (HEUR) production, while organoclay quality depends on energy-intensive calcination. Higher crude oil prices or European natural gas costs can quickly pressure specialty additive margins. Coating customers in construction often resist price increases because their own margins are limited. This exposes the rheology modifiers market to short-term pressure on both prices and purchasing decisions.

Other drivers and restraints analyzed in the detailed report include:

1. Personal Care Reformulation Toward Sensory and Natural Textures
2. Higher-Purity Rheology Control in EV Batteries and Electronics
3. Microplastics and Biodegradability Compliance Burden

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Organic held 64.23% of the rheology modifiers market size in 2025 and is projected to advance at a 4.86% CAGR through 2031. This category includes cellulosic ethers, acrylic copolymers, associative polyurethanes, natural gums, and bio-derived polymers. These materials use carbon-based structures that interact with water or oil phases to build viscosity. Their formulation flexibility supports use across coatings, personal care, construction materials, and home care products. The share reflects long-standing demand for polymer-based thickeners with broad viscosity and shear-control capabilities. The rheology modifiers market continues to favor organic products where waterborne systems and natural ingredient requirements are expanding.

Inorganic modifiers include organoclays, fumed silica, attapulgite, and synthetic hectorite. They remain important for elevated temperature uses, opacity contributions, and non-aqueous systems. Battery slurries and high-solid industrial coatings are key uses where inorganic materials provide the required thermal stability. Organic modifiers are gaining from bio-based cellulose in personal care and associative thickener demand in waterborne coatings. BASF launched biomass-balanced Rheovis PU 1333 MB and Rheovis HS 1169 MB for architectural coatings in July 2026. The rheology modifiers market gives suppliers room to serve both broad organic demand and specialized inorganic applications.

Cellulosic held a 31.54% share in 2025. Hydroxyethyl cellulose (HEC) and carboxymethyl cellulose (CMC) are widely used in architectural paints, construction mortars, and personal care formulations. These materials offer established performance and cost-effective viscosity control. Associative is projected to advance at a 4.98% CAGR through 2031. HEUR and HASE products are gaining in waterborne coatings because they can improve flow, leveling, brush application, roller application, and film formation. This shift supports demand within the rheology modifiers market.

Acrylic chemistry remains important because of its flexibility in ASE systems. Its growth faces pressure from European microplastics requirements and related reformulation work. Clays and fumed silica fill narrower but growing roles in battery slurries and high-solid industrial coatings. Cellulosic products retain their position because construction and coating volumes continue to require dependable thickening. The category also benefits from new bio-based cellulose derivatives for personal care and home care. The chemistry mix is therefore changing through both associative polymer adoption and innovation within established cellulosic materials.

Complete Report Scope:

• By Type
  • Organic
  • Inorganic
• By Chemistry
  • Cellulosic
  • Acrylic
  • Associative
  • Clays
  • Fumed Silica
  • Other Chemistries
• By Form
  • Liquid
  • Solid
• By Application
  • Paints and Coatings
  • Cosmetics and Personal Care
  • Adhesives and Sealants
  • Inks
  • Pharmaceuticals
  • Home Care and I&I Products
  • Oil and Gas
  • Construction
  • Other Applications
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN Countries
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • NORDIC Countries
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific held 35.70% share in 2025 and is projected to advance at a 5.06% CAGR through 2031. China supports regional demand through large paint and coatings production and extensive construction chemical consumption. Japan and South Korea add demand for electronics-grade fumed silica and automotive coating additives. India is a growing demand center for protective and decorative coatings. The National Highways Authority of India spent USD 29.0 billion during fiscal 2025-26 on infrastructure expansion. This supported the use of coatings in transport and related construction activities.

ASEAN countries, including Vietnam, Indonesia, and Thailand, add demand as manufacturing investment increases in industrial maintenance painting. High temperatures and humidity in Southeast Asia and South Asia increase the need for stable thickener performance. These climate conditions can shift demand toward specialty associative grades. North America has a mature and technically demanding profile that is shaped by volatile organic compound compliance. The U.S. Environmental Protection Agency's 2025 aerosol coating standards reinforce the region's existing move toward waterborne formulations. The region also supports demand for premium bio-derived thickeners through global personal care brands.

Europe's chemical rules and sustainability priorities continue to influence product selection. The Decopaint Directive and the Chemicals Strategy for Sustainability encourage waterborne coating architectures. Arkema converted its European acrylic thickener lines to bio-sourced inputs in April 2025. South America draws demand from construction coatings and personal care products, led by Brazil and Argentina. The Middle East and Africa demand is linked to Gulf infrastructure, industrial maintenance coatings, and developing construction activity. High ambient temperatures in the Middle East favor thermally stable associative thickeners and fumed silica grades.

1. Arkema
2. Ashland
3. BASF
4. BYK-Chemie GmbH
5. Cabot Corporation
6. Cargill, Incorporated
7. CLARIANT
8. Croda International Plc
9. Dow
10. Elementis PLC
11. Evonik Industries AG
12. LANXESS
13. Lubrizol
14. Nouryon
15. Wacker Chemie AG

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Low-VOC Waterborne Formulation Shift
  • 4.2.2 Expansion of Paints and Coatings in Construction and Industrial Maintenance
  • 4.2.3 Personal Care Reformulation Toward Sensory and Natural Textures
  • 4.2.4 Higher-Purity Rheology Control in EV Batteries and Electronics
  • 4.2.5 Tropical-Climate Viscosity Stability Requirements
• 4.3 Market Restraints
  • 4.3.1 Petrochemical, Mineral, and Energy-Cost Volatility
  • 4.3.2 Declining Print Volumes and Conventional Ink Demand
  • 4.3.3 Microplastics and Biodegradability Compliance Burden
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces Analysis
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Type
  • 5.1.1 Organic
  • 5.1.2 Inorganic
• 5.2 By Chemistry
  • 5.2.1 Cellulosic
  • 5.2.2 Acrylic
  • 5.2.3 Associative
  • 5.2.4 Clays
  • 5.2.5 Fumed Silica
  • 5.2.6 Other Chemistries
• 5.3 By Form
  • 5.3.1 Liquid
  • 5.3.2 Solid
• 5.4 By Application
  • 5.4.1 Paints and Coatings
  • 5.4.2 Cosmetics and Personal Care
  • 5.4.3 Adhesives and Sealants
  • 5.4.4 Inks
  • 5.4.5 Pharmaceuticals
  • 5.4.6 Home Care and I&I Products
  • 5.4.7 Oil and Gas
  • 5.4.8 Construction
  • 5.4.9 Other Applications
• 5.5 By Geography
  • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 ASEAN Countries
    • 5.5.1.6 Rest of Asia-Pacific
  • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 NORDIC Countries
    • 5.5.3.6 Rest of Europe
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials as available, Strategic Information, Products and Services, and Recent Developments)
  • 6.4.1 Arkema
  • 6.4.2 Ashland
  • 6.4.3 BASF
  • 6.4.4 BYK-Chemie GmbH
  • 6.4.5 Cabot Corporation
  • 6.4.6 Cargill, Incorporated
  • 6.4.7 CLARIANT
  • 6.4.8 Croda International Plc
  • 6.4.9 Dow
  • 6.4.10 Elementis PLC
  • 6.4.11 Evonik Industries AG
  • 6.4.12 LANXESS
  • 6.4.13 Lubrizol
  • 6.4.14 Nouryon
  • 6.4.15 Wacker Chemie AG

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment