Blog

Market Size and Growth Trends

According to GIR (GlobalInfoResearch) research, the global thickeners revenue in terms of revenue is estimated to be around US$ 6685.9 Million in 2023 and is expected to reach US$ 8257.8 Million in 2030, growing at a CAGR of 3.1% between 2024 and 2030. This indicates that the thickeners market is showing a steady growth1.

Regional Distribution of Production

Thickeners are mainly produced in North America, Europe and China. Of these, North America accounts for 30% of the global production, Europe accounts for about 21% of the total global production and China accounts for 18%1.

Major Producers

Ashland, ADM, CPKelco, MCCorp, Cargill, and BASF are some of the prominent producers in the thickeners segment. In the global market, the key players in focus also include DuPont, Dow, Ingredion, AkzoNobel, Celanese, Eastman, PPG, Lubrizol, Henkel, Tate&Lyle, Grace, PQCorp, BYK, Elementis and others1.

Downstream Application Areas

Thickeners are important additives that are widely used in a number of applications:

Food & Beverage: the largest downstream sector for thickeners, accounting for 30% of world consumption of thickeners1.

Paints and coatings: 18% of the thickeners consumption1.

Detergents: 14%1.

Other fields: also include cosmetics, medical drugs and other fields1.

Product R&D Direction

High-efficiency thickeners

The focus of R&D for high-efficiency thickeners in the market has shifted to improving thickening efficiency, stability and environmental performance. For example, by adopting bio-based raw materials and nanotechnology, new high-efficiency thickeners can not only achieve excellent thickening effect, but also have good biodegradability and low environmental impact2.

Food thickeners

In the future, the food thickener industry will focus more on technological innovation and naturalization. With the development of biotechnology, more products with specific functional properties will be developed, such as thickeners with special taste or health benefits. At the same time, as consumer demand for personalized nutrition grows, food thickeners will offer more customized options to meet the health needs of different consumers.