InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Cellulose Ether & Derivatives Market- (By Product Type (Methyl Cellulose & Derivatives, (Methyl Cellulose (MC), Hydroxypropyl Methyl Cellulose (HPMC), Hydroxyethyl Methyl Cellulose (HEMC)), Carboxymethyl Cellulose (CCC), Hydroxyethyl Cellulose (HEC), Hydroxypropyl Cellulose (HPC), Ethyl Cellulose (EC)), By Application (Construction, Pharmaceutical, Personal Care, Food & Beverages)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Cellulose Ether & Derivatives Market is valued at US$ 7.41 Bn in 2022, and it is expected to reach US$ 16.78 Bn by 2031, with a CAGR of 9.7% during a forecast period of 2023-2031.
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Cellulose ether is a water-soluble polymer from cellulose, a highly abundant natural polymer. Its production primarily involves using acids and acid anhydrides as reagents under heterogeneous reaction conditions. This polymer finds diverse applications across industries like construction, coatings, pharmaceuticals, oil & gas, and textiles. The driving force behind the expansion of cellulose ether and its derivatives can be attributed to their integral role in the construction sector. The year 2020 witnessed a setback in the cellulose ether and its derivatives industry due to the adverse impact of the COVID-19 pandemic, leading to a downturn in construction activities. However, after this, a gradual resurgence in construction projects has been observed, fueling the demand for cellulose ether and its derivatives. Moreover, anticipated growth stems from the rise in building and construction endeavours and heightened demand from the coatings industry. It’s worth noting that while there’s significant potential for the cellulose ether derivatives market to thrive, certain limitations associated with these derivatives might hinder their growth trajectory.
List of Prominent Players in the Cellulose Ether & Derivatives Market:
• The Dow Chemical Company (US),
• Ashland Global Holdings, Inc. (US),
• Rayonier Advanced Materials (US),
• Shin-Etsu Chemical Co., Ltd. (Japan),
• LOTTE Fine Chemicals (South Korea),
• DKS Co. Ltd. (Japan),
• Nouryon Chemical Holdings B.V. (The Netherlands),
• J.M. Huber Corporation (US),
• Shandong Head Co., Ltd. (China),
• Colorcon (US),
• FENCHEM (China),
• Lamberti S.p.A. (US),
• J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany),
• Hebei JiaHua Cellulose Co., Ltd. (China),
• Zibo Hailan Chemical Co., Ltd. (China).
Market Dynamics:
Drivers-
Construction endeavours are a foundational driver of a nation’s progress, exerting substantial influence over the broader global economy. Key factors like urbanization and the rapid pace of developmental initiatives designed to bolster the economic advancement of nations are spurring construction activities across various regions. The utilization of cellulose ether and its derivatives in the food and beverages sector is on the rise, particularly in products such as sauces, sweeteners, baked goods, and creams. This surge in usage is effectively propelling the expansion of the market. Additionally, heightened demand for these substances in personal care items and the pharmaceutical industry is poised to open growth avenues within the cellulose ether and derivatives market. Furthermore, the global march toward urbanization and industrialization amplifies the call for cellulose ether and its derivatives. This amplified demand is compounded by the growing global population and an increasing inclination towards environmentally sustainable products. As a result, the cellulose ether and derivatives industry is experiencing robust expansion.
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Challenges:
Staying competitive in the cellulose ether and derivatives market requires ongoing research and development efforts to create creative new and improved products that meet changing customer demands and regulatory requirements, which hinders market growth. Many end-users may be unaware of the benefits and applications of cellulose ethers and derivatives. Manufacturers in this market need to educate their customers about their products’ advantages and potential uses, which needs market growth. Cellulose ethers are derived from cellulose primarily from wood and other plant-based sources. Fluctuations in the availability and cost of these raw materials can impact the profitability of cellulose ether production, negatively impacting growth.
Regional Trends:
The North American cellulose Ether and derivatives market is expected to record a major market share. Growing technological advancements and innovation are expected to expand market prospects. Additionally, the market is projected to benefit from the growing use of cellulose ether and derivatives in personal care, textile, and pharmaceutical products. Besides, the Asia Pacific region had a substantial share of the market. The biggest market for cellulose derivatives is in the Asia Pacific, where industries like the textile sector, cosmetics, and pharmaceuticals are expected to increase over the next few years. The Market is anticipated to be supported by the manufacturing base’s expanding penetration in Asian nations. The region’s market is expanding due to major players, rising food and beverage consumption, and expansion of the construction industry.
Recent Developments:
• In April 2022, Nouryon introduced their brand-new Bermocoll FLOW cellulose ether. The novel product can combine the stabilizing capabilities of cellulose thickening with the flow and leveling properties of a synthetic thickener. The substance is primarily intended for airless spray applications and low-volatile organic compound (VOC) paint compositions.
• In Jan 2022, Ashland revealed its growth strategy to double the production of cellulose ethers at its facility in Belgium. The extension is planned to enhance the production capacity of cellulose ethers by more than 50% when it is finished.
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Segmentation of Cellulose Ether & Derivatives Market-
By Product Type
• Methyl Cellulose & Derivatives
o Methyl Cellulose (MC)
o Hydroxypropyl Methyl Cellulose (HPMC)
o Hydroxyethyl Methyl Cellulose (HEMC)
• Carboxymethyl Cellulose (CCC)
• Hydroxyethyl Cellulose (HEC),
• Hydroxypropyl Cellulose (HPC),
• Ethyl Cellulose (EC)
By Application-
• Construction
• Pharmaceutical
• Personal Care
• Food & Beverages
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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This release was published on openPR.
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