Latin America Sizing and Thickening agents Market was worth USD 2.23 billion in 2021 and is estimated to be growing at a CAGR of 6.2%, to reach USD 3.02 billion by 2027
Sizing agents increase the size and viscosity of a liquid without altering the taste and thickening agents are generally used to thicken soups and sauces without changing the taste. Sizing agents are generally applied to fibers to impart the required qualities. Sizing agents are generally used to reduce the porosity of fibers in order to make them suitable for printing. Sizing agents are mostly used in the textile and Paper industries. Thickener or Thickening agents are generally used in the food and beverage industry to increase the viscosity of substances like soups and sauces without changing their taste. Thickening agents are also used as gelling agents in food products such as desserts, jams, and jellies. Major factors driving the growth of the market are increasing applications of thickeners and sizing agents in the paper, textile, and food and beverage industries, increasing consumption of processed food and beverages and agreements, collaborations, joint ventures, acquisitions, expansions, and new product launches from market leaders. However, environmental concerns regarding the use of these agents and the depletion of raw materials and minerals are the factors restraining the growth of the market.
based on
Type
Application
Based on Type in sizing agents
Natural
Synthetic
Based on Type in thickening agents –
Minerals
Hydrocolloids
Based on Applications
Food and Beverages
Paper and Paperboard
Paints and Coatings
Textile
Fiber
Brazil
Argentina
Mexico
Rest of Latin America
Brazil is leading the market regionally, followed by Argentina due to the presence of market leaders and a well-developed food industry. Argentina is expected to grow the fastest owing to its increasing disposable income, rise in living standards and growing adoption rate. Natural Sizing agents hold the major share in the market in terms of sizing agent types. Mineral Thickening agents hold the major share in the market while hydrocolloids are expected to grow the fastest due to technological advancements making them cost effective. Food and beverage industry hold the maximum share in terms of applications and paper industry is expected to grow the fastest.
ADM
Ashland
Cargill, Inc.
CP Kelco
Dupont
FMC Corp
Ingredion
DOW Chemicals
BASF
AKZO Nobel
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