Cellulose Ethers Market is estimated to reach 4650 Million USD by 2023 | Key Vendors are The Dow Chemical Company, Shin-Etsu Chemical Company, Ashland Inc., Akzo Nobel N.V, Daicel FineChem Ltd., Zhejiang Kehong Chemical Company Ltd

Cellulose ethers play several roles such as thickeners, binders, film casting agents, lubricators, water retention, and more, in various end-user industries. The global cellulose ethers business is set to experience substantial growth, owing to the robust demand from the end user divisions across the world. The APAC region is the main shareholder with more than 36% commission in the global market due to the fast urbanization and rise in population.

Cellulose Ethers Market Size and Growth Rate:

The Global Cellulose Ethers Market Size was expected to reach USD 4650 Million by the end of the year 2023.

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Cellulose Ethers Market Growth Drivers and Restraints:

Global cellulose ethers market is anticipated to witness significant growth over the projected period due to its growing demand in construction as thickeners, adhesives and water-retention agents. Growing penetration of cellulose ethers in pharmaceuticals, paints and food bills is expected to have a positive influence on the global market. Cellulose ethers are gaining acceptance as modifiers in makeups and personal care products such as shampoos, make lotions and soaps.

The main raw material used for preparing cellulose ethers is cotton linter. But, circumstances such as reduction in the plant area, severe weather conditions, and other circumstances have contributed to the low crop of cotton linter. Owing to this, the price of cotton linter has surged and ultimately affected cellulose ethers manufacturers’ margins.

The significant applications of the global cellulose ether market include sodium carboxymethylcellulose, methylcellulose, and derivatives, hydroxyethylcellulose, and ethylcellulose, hydroxypropyl cellulose.

Geographical Insights of the Cellulose Ethers Market:

Cellulose ethers need in North America is expected to be driven by growth of construction and special care industries. Europe is a significant regional market in terms of consumption and production. Presence of higher cellulose ether producers in the region can be attributed to the growth of the market. The Asia Pacific is expected to witness huge growth rates over the forecast period. Increasing development spending in Taiwan and India coupled with natural personal care, cosmetics, and pharmaceuticals demand is expected to drive the market in the region over the next six years. Building cellulose ether production in China coupled with capacity increases by existing producers in the region is anticipated to benefit the Asia Pacific market in terms of production.

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Key Players of the Cellulose Ethers Market:

The key players in the world market include The Dow Chemical Company, Shin-Etsu Chemical Company, Ashland Inc., Akzo Nobel N.V, Daicel FineChem Ltd., Zhejiang Kehong Chemical Company Ltd., Reliance Cellulose Products Ltd., CP kelco, FenchemBiotek Ltd., and China Ruitai International Holdings Co. Ltd.

Cellulose Ethers Market Key Segmentation:

By Product:

• Water-Soluble Type
• Solvent-Soluble Type

By End User/Applications:

• Pharmaceuticals
• Personal Care
• Foods & Beverages
• Paints & Coatings

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• MiddleEast & Africa

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