Updated on : August 22,
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The global cellulose ether market was valued at USD 8.1 billion in and is projected to reach USD 12.5 billion by , growing at 9.1% cagr from to . Over the world, the cellulose ether & derivatives market is expanding significantly, and during the forecast period, a similar trend is anticipated.
The growth of the market is driven by the increasing demand for cellulose ether & derivatives in a variety of applications, such as food, pharmaceuticals, personal care, and industrial products.
The construction industry is a major consumer of cellulose ether & derivatives. They are extensively used in cement and mortar formulations to enhance workability, water retention, adhesion, and durability. The increasing demand for infrastructure development and energy-efficient buildings drives the consumption of cellulose ether & derivatives in this sector. The pharmaceutical and personal care industries are significant markets for cellulose ether & derivatives. They serve as essential ingredients in pharmaceutical formulations, providing functionalities such as binding, controlled release, thickening, and stabilizing. In personal care products, cellulose ethers enhance texture, viscosity, and moisturizing properties.
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The construction industry is a major driver of the cellulose ether & derivatives market. The demand for these compounds is driven by the need for improved construction materials, such as cement, mortar, and adhesives, which require enhanced workability, water retention, and durability. The increasing construction activities, infrastructure development, and focus on sustainable building practices contribute to the growth of the market.
Many industrially processed powdery materials are combustible and can, under certain conditions, if dispersed, cause dust explosions. Cellulose ethers are fine organic dust that is combustible and potentially explosive in a favorable environment. They can catch fire at the time of processing and/or handling. In order to avoid any such conditions, there are rules and regulations that the companies have to follow. There are certain guidelines for the safe handling, processing, transport, and packaging of cellulose ether derivatives.
Asia Pacific economies such as China and India are growing rapidly. South Asian countries such as Thailand and Malaysia also have growth potential along with the globalization of the economy. The primary driver behind their growth is the ever-growing population. With developing economies, per capita income has also increased in these countries. With a growing population, end-use industries such as pharmaceutical and personal care, construction, food & beverages, and personal care are growing. These industries have shown very healthy growth in the past five years, and this scenario is expected to remain the same in the future too. Growth of the pharmaceutical and personal care sector has resulted in increased demand for cellulose ether & derivatives.
The cellulose ether & derivatives market is in a growing competition phase, with numerous players operating in the market. This makes it challenging for new entrants to establish a foothold in the market. The cellulose ether & derivatives market is subject to various regulations and standards regarding product quality, safety, and environmental impact. Compliance with these regulations can be a challenge for manufacturers, especially small and medium-sized enterprises.
The cellulose ether & derivatives market is segmented on the basis of applications which include product type, by applications such as food & beverage, construction, pharmaceutical, personal care, paints & coatings, industrial, and others. Carboxymethyl cellulose (CMC) finds wide-ranging industrial applications within the cellulose ether and derivatives market. Carboxymethyl cellulose is used in the textile industry as a sizing agent and thickener in the production of yarns and fabrics. It improves the weaving process by providing better strength, lubrication, and adhesion properties to the fibers. Carboxymethyl cellulose also contributes to better dye absorption and color fastness. These factors will contribute to market growth.
The methylcellulose & derivatives product type segment dominated the cellulose ether & derivatives market, accounting for the largest share of the overall cellulose ether & derivatives market. The versatile properties of methylcellulose and its derivatives make them valuable additives in the cellulose ether and derivatives market. Their applications span across industries, including construction, coatings, pharmaceuticals, food, and personal care, providing functionalities such as rheology modification, water retention, film formation, controlled release, adhesion, and stabilization. Due to these factors, the methylcellulose & derivatives type of cellulose ether & derivatives is expected to witness the highest CAGR between and .
Cellulose ether & derivatives are extensively used in the Asia Pacific across industries such as construction, pharmaceutical, food & beverages, consumer goods, and others. The high growth can be majorly attributed to high economic development and significant investments across industries. The market is expected to continue growing due to factors such as rapid urbanization, infrastructure development, increasing industrialization, and a growing population. Asia Pacific is the largest end-use market and is expected to continue to be the largest in the near future. Global manufacturers are shifting their production facilities to the Asia Pacific region. The advantages of shifting production to the Asian region are the low cost of production and the ability to better serve the local emerging markets.
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The cellulose ether & derivatives market is dominated by a few globally established players such as 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), among others, are the key manufacturers that secured major contracts in the last few years. The major focus was given to the contracts and new product development due to the changing requirements across the world.
These companies are pursuing a variety of inorganic and organic strategies in order to gain a foothold in the cellulose ether & derivatives market. The research includes a detailed competitive analysis of these key players in the cellulose ether & derivatives market, including company profiles, recent developments, and key market strategies.
The study categorizes the Cellulose ether & derivatives market based on product type, application, and region.
Which are the major companies in the cellulose ether & derivatives market? What are their major strategies to strengthen their market presence?
Some of the key players in the cellulose ether & derivatives market are 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), among others, are the key manufacturers that secured contracts, deals in the last few years. Contracts and deals were the key strategies adopted by these companies to strengthen their position in the cellulose ether & derivatives market.
What are the drivers and opportunities for the cellulose ether & derivatives market?
The need for cellulose ether & derivatives has increased significantly around the world, particularly in Asia Pacific and North America, followed by Europe, where the major cellulose ether & derivatives manufacturers are present. Rising R&D efforts and growing technological advancement in manufacturing are anticipated to accelerate market expansion globally.
Which region is expected to hold the highest market share?
Asia Pacific dominated the market share in , showcasing strong demand for cellulose ether & derivatives from this region. Well-established and prominent manufacturers in this region include Shin-Etsu Chemical Co., Ltd. (Japan), LOTTE Fine Chemicals (South Korea), DKS Co. Ltd. (Japan), and Shandong Head Co., Ltd. (China).
What is the total CAGR expected to be recorded for the cellulose ether & derivatives market during -?
The CAGR is expected to record a CAGR of 9.1% from -.
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How is the cellulose ether & derivatives market aligned?
The market is growing at a significant pace. The market is a potential market, and many manufacturers are planning business strategies to expand their existing business. .
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The study involves two major activities in estimating the current market size for the cellulose ether & derivatives market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary sources referred to for this research study include financial statements of companies offering cellulose ether & derivatives and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the cellulose ether & derivatives market, which was validated by primary respondents.
Extensive primary research was conducted after obtaining information regarding the cellulose ether & derivatives market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from cellulose ether & derivatives industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using the cellulose ether & derivatives industry, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of cellulose ether & derivatives and future outlook of their business which will affect the overall market.
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COMPANY NAME
DESIGNATION
Dow Chemical Company
Product Development Head
Shandong Head Co., Ltd.
Director
DKS Co. Ltd.
Consultant
Rayonier Advanced Materials
Sales Head
The research methodology used to estimate the size of the cellulose ether & derivatives market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in cellulose ether & derivatives in different product type applications of the cellulose ether & derivatives at a regional level. Such procurements provide information on the demand aspects of the cellulose ether & derivatives industry for each application. For each application, all possible segments of the cellulose ether & derivatives market were integrated and mapped.
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After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Cellulose ether & derivatives are defined as polymers, which are produced by the chemical modification of cellulose. It consists of methylcellulose & derivatives, carboxymethyl cellulose, hydroxyethyl cellulose, hydroxypropyl cellulose, and ethyl cellulose. They perform a variety of functions, such as thickening, binding, water retention, emulsifying, and acting as a protective colloid in industries, including pharmaceutical, construction, food & beverage, oil & gas, and paints & coatings.
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Key data points: The market size in = $3.3 billion, growth forecast = 4.3% annually for the next 6 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global cellulose ether market to by type (carboxymethyl cellulose (CMC), methyl cellulose, hydroxyethyl cellulose (HEC), and others), end use industry (paint & coatings, pharmaceuticals & personal care, construction, food additives, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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