Global Thickeners Market is expected to reach 2203 K MT in 2022 Custom Research｜Research Report｜Management Consulting｜Seminar｜Database
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As an important additive, thickener is widely used in Food & Beverages, Paints & CoatingsďźŒDetergent, etc.. Food & Beverages is the largest downstream of thickeners, taking 30.04% of the world thickener consumption in 2016, while Paints & Coatings and Detergent industry taking for 18.02% and 14.10%, respectively.
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The production of thickener distributed in North America, Europe and China. In 2016, North America produced 541.2 K MT thickeners accounting for 30.35% of global production, while Europe manufactured 391.0 K MT and took for about 21.93% of total production. China took for 18.02% percent. However, Japan and South America thickener production is relatively low. Ashland, ADM, CP Kelco, MC Corp, Cargill and BASF are the famous manufacturers in this field. USA, Europe and China are the major consumption areas. During 2012 and 2016, North America thickener consumption increased from 394.3 K MT to 482.7 K MT, while Europe thickener consumption increased from 298.1 KMT to 344.4 K MT. China thickener consumption increased from 260.8 K MT to 345.9 K MT.
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Thickener sales price decreased from 4067 USD/MT in 2011to 3431 USD/MT in 2016. Though downstream demand was relatively stable, the gross margin gradually dropped.
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It is expected that the thickener production will be 2203 K MT in 2022 and the production revenue will reach 7.2 Billion USD. At the same time, the price may continue to decline. This industry is easily affected by the market demand and the policy. The future is unknown, and the thickener development will based on the market demand and the policy of the producers. 2016 will be very complicated, due to the expectations for an interest-rate increase from the Federal Reserve.
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