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Cellulose Derivatives Market Research, Size, Forecast to 2033: A Comprehensive Analysis
Cellulose Derivatives Market Research
As per the report, the cellulose derivatives market size has grown strongly in recent years. It will grow from $5.86 billion in 2023 to $6.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The cellulose derivatives market size is expected to see strong growth in the next few years. It will grow to $8.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
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Growing Pharma And Personal Care Sectors Drive Cellulose Derivatives Market Surge
The increasing demand for pharmaceuticals and personal care products is expected to propel the growth of the cellulose derivatives market. The rising adoption of pharmaceuticals and personal care products is driven by increasing health awareness, aging populations, and advancements in medical and cosmetic technologies. Cellulose derivatives are used in pharmaceuticals and personal care products as thickeners, stabilizers, and excipients to improve active ingredients' texture, stability, and delivery. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations, a Europe-based pharmaceutical manufacturing company, pharmaceutical production reached approximately $374.00 billion in 2022, compared to $356.35 billion in 2021. Furthermore, in July 2023, according to the U.S. Department of Commerce, a US-based governmental organization, In 2021, sales of beauty and personal care products in China reached $88 billion, reflecting a 10% increase from the previous year. Therefore, the increasing demand for pharmaceuticals and personal care products will drive the growth of the cellulose derivatives market.
Enhancing Product Performance With Sustainable Cellulose Thickeners
Major companies operating in the cellulose derivatives market focus on innovative and sustainable solutions, such as cellulose thickeners, to address environmental concerns and meet the growing demand for eco-friendly products in various industries. Cellulose thickeners enhance the viscosity and stability of multiple products in food, pharmaceuticals, cosmetics, and other industries. For instance, in April 2022, Nouryon, a Netherlands-based specialty chemicals company, launched Bermocoll flow cellulose ethers. It delivers an optimal balance of sag resistance and leveling, along with improved spatter resistance and hiding, compared to paint systems made with standard thickeners. Moreover, the product is soluble in water. It is well suited for low-volatile organic compound (VOC) paint formulations and airless spray applications, making it a natural, more sustainable alternative for interior and exterior decorative paints.
The cellulose derivatives market covered in this report is segmented -
1) By Type: Methyl Cellulose, Hydroxypropyl Methylcellulose (HPMC), Hydroxypropyl Cellulose (HPC), Carboxymethyl Cellulose, Hydroxyethyl Cellulose (HEC), Ethyl Cellulose, Other Types
2) By Grade: Industrial Grade, Food Grade, Pharmaceutical Grade
3) By End Users: Food Industry, Pharmaceutical Industry, Personal Care, Construction, Paint Industry, Other End Users
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Major companies operating in the cellulose derivatives market are The Dow Chemical Company, Shin-Etsu Chemical Co. Ltd., Akzo Nobel N.V., Eastman Chemical Company, Celanese Corporation, Nippon Paper Industries Co. Ltd., Sappi Limited, Nouryon, SNF Group, Daicel Corporation, Ashland Global Holdings Inc, Rayonier Advanced Materials Inc, LOTTE Fine Chemical Co. Ltd, Viscofan, CP Kelco ApS, Lamberti SpA, Yueyang Xingchang Petrochemical Co Ltd, DKS Co Ltd, Shandong Head Co Ltd, J RETTENMAIER & SÖHNE GmbH + Co KG, Reliance Cellulose Products Ltd, SE Tylose GmbH & Co KG, Hangzhou Dayangchem Co Ltd
Contents of the report:
1. Executive Summary
2. Cellulose Derivatives Market Report Structure
3. Cellulose Derivatives Market Trends And Strategies
4. Cellulose Derivatives Market - Macro Economic Scenario
5. Cellulose Derivatives Market Size And Growth
…..
27. Cellulose Derivatives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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