Cellulose Ether & Derivatives Market to Reach $16.78 Billion by 2031 as Construction and Personal Care Industries Drive Growth

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 derived from cellulose, one of the most abundant natural polymers. Its production primarily involves the use of acids and acid anhydrides as reagents under heterogeneous reaction conditions. This polymer has a wide range of applications across various industries, including construction, coatings, pharmaceuticals, oil and gas, and textiles. The growth of the cellulose ether and derivatives market is largely driven by its critical role in the construction sector.

In 2020, the cellulose ether and derivatives industry experienced a decline due to the negative impact of the COVID-19 pandemic, which led to a slowdown in construction activities. However, a steady recovery in construction projects has since been observed, thereby stimulating demand for cellulose ether and its derivatives. Furthermore, the anticipated increase in building and construction activities, coupled with rising demand from the coatings industry, is expected to drive market growth. Nevertheless, certain limitations associated with cellulose ether derivatives may present challenges to the market's 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:
Market Drivers:
The construction sector serves as a key pillar of national progress, significantly influencing the global economy. Factors such as increasing urbanization and the rapid pace of development initiatives aimed at driving economic growth are fueling construction activities across various regions. This, in turn, is contributing to the rising demand for cellulose ether and its derivatives.

Moreover, the expanding use of cellulose ether and its derivatives in the food and beverage industry-particularly in products like sauces, sweeteners, baked goods, and creams-is further driving market growth. Additionally, increasing demand for these substances in personal care products and the pharmaceutical sector is expected to create new growth opportunities within the cellulose ether and derivatives market. The global shift towards urbanization and industrialization is also amplifying the demand for cellulose ether and its derivatives. This rising demand is further supported by a growing global population and a heightened preference for environmentally sustainable products, collectively contributing to the strong expansion of the cellulose ether and derivatives industry.

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Market Challenges:
Maintaining a competitive edge in the cellulose ether and derivatives market necessitates continuous investment in research and development to produce innovative and enhanced products that align with evolving customer preferences and regulatory standards. This requirement imposes a challenge to market expansion. Furthermore, a lack of awareness among end-users regarding the benefits and applications of cellulose ethers and their derivatives remains a barrier to market growth. Manufacturers must undertake educational initiatives to inform potential customers about the advantages and potential uses of their products to drive market adoption.

Cellulose ethers are primarily sourced from cellulose derived from wood and other plant-based materials. Volatility in the availability and cost of these raw materials can directly affect production profitability, thereby posing a constraint on market growth.

Regional Insights:
The North American cellulose ether and derivatives market is anticipated to secure a significant market share, driven by technological advancements and innovation that are expected to broaden market opportunities. Additionally, increased demand for cellulose ethers and derivatives in personal care, textiles, and pharmaceutical applications is expected to bolster regional market growth.

Meanwhile, the Asia-Pacific region has established itself as a key market for cellulose derivatives, particularly within the textile, cosmetics, and pharmaceutical industries, which are projected to experience notable expansion in the coming years. The growing manufacturing presence across Asian nations, coupled with increasing food and beverage consumption and expanding construction activities, is expected to drive market growth in the region. The presence of major industry players further strengthens the market outlook in Asia-Pacific.

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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This release was published on openPR.