Press release
Cellulose Derivatives Market Size Forecasted To Achieve $9.18 Billion By 2029 With Steady Growth
Cellulose Derivatives
What Is the Cellulose Derivatives Market Size and Projected Growth Rate?
The cellulose derivatives market size has expanded strongly in recent years. It will grow from $6.31 billion in 2024 to $6.82 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. This growth is due to a higher demand for eco-friendly products, increasing use in the pharmaceutical, food and beverage, and personal care industries, a favorable regulatory environment, and awareness of the benefits of cellulose derivatives.
The cellulose derivatives market is expected to grow to $9.18 billion by 2029, with a CAGR of 7.7%. This growth will be driven by the expansion of the pharmaceutical and personal care sectors, the adoption of cellulose derivatives in new applications like 3D printing and biodegradable packaging, and the rapid industrialization of emerging markets. Trends include mergers and acquisitions, the development of advanced derivatives, rising demand for cellulose ethers in pharma, and the use of cellulose esters in coatings.
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What Are the Major Segments in the Cellulose Derivatives Market?
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
Subsegments:
1) By Methyl Cellulose: Hydroxypropyl Methylcellulose (HPMC), Hydroxypropyl Methylcellulose Acetate Succinate (HPMCAS)
2) By Hydroxypropyl Methylcellulose (HPMC): Pharmaceutical Grade, Food Grade, Industrial Grade
3) By Hydroxypropyl Cellulose (HPC): Low Viscosity, Medium Viscosity, High Viscosity
4) By Carboxymethyl Cellulose (CMC): Sodium Carboxymethyl Cellulose (NaCMC), Calcium Carboxymethyl Cellulose (CaCMC), Other Salts
5) By Hydroxyethyl Cellulose (HEC): Low Viscosity, Medium Viscosity, High Viscosity
6) By Ethyl Cellulose: Pharmaceutical Grade, Food Grade, Industrial Grade
7) By Other Types: Ethyl Hydroxyethyl Cellulose (EHEC), Sodium Hydroxyethyl Cellulose (NaHEC), Other Modified Cellulose Derivatives
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What Are The Driving Cellulose Derivatives Market Evolution?
The increasing demand for pharmaceuticals and personal care products is expected to fuel the growth of the cellulose derivatives market. This demand is driven by heightened health awareness, aging populations, and advancements in medical and cosmetic technologies. Cellulose derivatives serve as thickeners, stabilizers, and excipients in these products. For example, the pharmaceutical sector reached approximately $374 billion in 2022, and personal care spending saw a 12.3% increase in 2022, supporting the growth of cellulose derivatives.
Which Firms Dominate The Cellulose Derivatives Market Segments?
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
What Cellulose Derivatives Market Trends Are Gaining Traction Across Different Segments?
In the cellulose derivatives market, companies are developing sustainable solutions like cellulose thickeners to meet the rising demand for eco-friendly products. For example, in April 2022, Nouryon, a Netherlands-based specialty chemicals company, launched Bermocoll flow cellulose ethers, which offer improved sag resistance and leveling, making them suitable for low-VOC paint formulations and environmentally friendly decorative paints.
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Which Is The Largest Region In The Cellulose Derivatives Market?
Asia-Pacific was the largest region in the cellulose derivatives market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cellulose derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cellulose Derivatives Market?
2. What is the CAGR expected in the Cellulose Derivatives Market?
3. What Are the Key Innovations Transforming the Cellulose Derivatives Industry?
4. Which Region Is Leading the Cellulose Derivatives Market?
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