Cellulosic Polymers Market Poised for 34.2 % Growth, Set to Hit $18.85 Billion by 2029

What industry-specific factors are fueling the growth of the cellulosic polymers market?
The projected advancement of the cellulosic polymer market can be attributed to the rising demand for personal care products. Personal care product ranges include a variety of goods from skincare, haircare, oral care to cosmetics and fragrances, used for hygiene, grooming, and appearance enhancement. This increase in demand is driven by the growing public consciousness of health and wellness, a focus on personal grooming and aesthetics, and the influence of social media trends. Cellulosic polymers are extensively incorporated in personal care products as thickeners, stabilizers, and film-forming agents, serving to enrich the texture, viscosity, and overall product performance. As per a report released in July 2024 by the British Beauty Council - a recognised UK-based entity, the personal care sector displayed an 11% growth in their contribution to the UK's GDP as compared to the previous year, marking a new figure of £27.2 billion ($30.44 billion) in 2023. This growth can be associated with a 10% surge in the UK's household expenditure on personal care goods and services. Consequently, the augmenting popularity of personal care products is steering growth for the cellulosic polymer market.

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What Is the projected market size and growth rate for the cellulosic polymers market?
The market size of cellulosic polymers has been expanding quickly in recent times. The projection shows that it will rise from $10.17 billion in 2024 to $11.19 billion in 2025, maintaining a compound annual growth rate (CAGR) of 10.0%. The historic growth can be credited to the escalating demand for sustainable materials, an uptrend in eco-friendly packaging solutions, more regulatory backing for degradable products, the flourishing food and beverage industry, and demand for better performance in paints and coatings.

In the coming years, significant expansion is expected in the cellulosic polymers market, with predictions estimating a growth to $16.23 billion by 2029 and a compound annual growth rate (CAGR) of 9.7%. The surge during the forecast timeframe can be traced back to a rising consumer tendency towards sustainably sourced and biodegradable goods, growth in the construction sector which demands environmentally friendly materials, heightened environmental consciousness affecting buying choices, governmental support for bio-based materials, and a growing requirement for safe packaging in health and wellness products. Specialty cellulose products made possible by technology advancements, commitment to circular economy practices promoting recycling and reusability, a growing consumer fascination with sustainable and natural materials, novel applications emerging in the pharmaceutical industry, and cross-industry collaboration to foster bio-based alternatives are all significant trends for the projected period.

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What new trends are reshaping the cellulosic polymers market and its opportunities?
Key players in the cellulosic polymers market, including major corporations, are shifting their focus towards more environmentally friendly options such as natural fibers and plant-based materials to gain an upper hand in the market. These materials obtained from plants, animals or minerals, and have biodegradable properties, are used in different applications to support eco-friendliness and lessen the environmental impact. For instance, Polyplastics Group, a company based in Japan, launched its environmentally considerate material, PLASTRON LFT, in March 2022, made up of specially designed regenerated cellulose fibers. This material is light in weight and has remarkable mechanical strength, aiding manufacturers in decreasing their carbon emissions and reaching their sustainability goals. The introduction of natural fibers and plant-based materials in PLASTRON LFT enhances its versatility in applications. The creation of this material involves a process that uses solvents and substantially lowers CO2 emissions and waste, effectively recycling almost all the exploited solvents. When compared to long-fiber glass-reinforced polypropylene, PLASTRON LFT stands out as both lighter and tougher, having a roughly 3% higher flexural modulus and superior impact, tensile, and flexural strength. This makes it a sturdy and environment-friendly choice for various sectors.

What major market segments define the scope and growth of the cellulosic polymers market?
The cellulosic polymers market covered in this report is segmented -

1) By Type: Cellulose Esters, Cellulose Ethers
2) By Application: Paints And Coatings, Flexible Packaging, Skin Care, Print Laminations, Other Applications
3) By End User: Food And Beverage, Building And Construction, Personal And Cosmetic Care, Medical And Pharmaceutical, Other End Users

Subsegments:
1) By Cellulose Esters: Cellulose Acetate, Cellulose Propionate, Cellulose Butyrate, Cellulose Acetate Propionate, Cellulose Acetate Butyrate
2) By Cellulose Ethers: Methyl Cellulose (MC), Hydroxypropyl Methylcellulose (HPMC), Hydroxyethyl Cellulose (HEC), Carboxymethyl Cellulose (CMC), Ethyl Cellulose (EC)

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Which region dominates the cellulosic polymers market?
Asia-Pacific was the largest region in the cellulosic polymers market in 2024. The regions covered in the cellulosic polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the cellulosic polymers industry growth?
Major companies operating in the cellulosic polymers market are Dow Inc., Mitsubishi Chemical Group Corporation, Shin-Etsu Chemical Co. Ltd., Asahi Kasei Corporation, Grasim Industries Limited, DuPont de Nemours Inc., Eastman Chemical Company, Celanese Corporation, Nippon Paper Industries, Borregaard ASA, Sappi Limited, Nouryon Chemicals Holding B.V., Daicel Corporation, Lenzing AG, Rayonier Advanced Materials, CP Kelco ApS, Blanver Farmoquimica e Farmaceutica S.A., J. Rettenmaier & Söhne GmbH, Viscose Group, JNC Corporation.

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What Is Covered In The Cellulosic Polymers Global Market Report?

•Market Size Forecast: Examine the cellulosic polymers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cellulosic polymers market for a structured understanding.
•Key Players Overview: Analyze major players in the cellulosic polymers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cellulosic polymers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cellulosic polymers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cellulosic polymers market.
•Industry Challenges: Identify potential risks and obstacles affecting the cellulosic polymers market.
•Competitive Landscape: Review strategic developments in the cellulosic polymers market, including expansions, agreements, and new product launches.

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