Press release
Cellulose Ether & Derivatives Market Revenue Report with 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 synthesis typically involves the use of acids and acid anhydrides under heterogeneous reaction conditions. Cellulose ether and its derivatives are widely utilized across various industries, including construction, pharmaceuticals, coatings, oil and gas, and textiles.
The construction industry represents a key driver for the growth of this market, as cellulose ether plays an essential role in improving product performance in construction materials. Although the COVID-19 pandemic in 2020 caused significant disruption in global construction activities-leading to a temporary decline in demand-the market has since experienced a steady recovery, driven by the resurgence of infrastructure and building projects. Additionally, increasing demand from the coatings sector is expected to further support market expansion.
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:
Drivers-
Construction remains a fundamental pillar of economic development, significantly influencing global economic performance. Key growth enablers such as rapid urbanization and infrastructure development aimed at enhancing national economies are accelerating construction activities worldwide. The increasing application of cellulose ether and its derivatives in the food and beverage industry-particularly in products such as sauces, baked goods, sweeteners, and creams-is contributing to market growth.
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Challenges:
To maintain competitiveness in the cellulose ether and derivatives market, companies must invest continuously in research and development to innovate and meet evolving consumer preferences and regulatory standards. However, this requirement may act as a constraint for some market participants. Additionally, limited awareness among end-users regarding the benefits and diverse applications of cellulose ether products presents a challenge to market growth.
Regional Trends:
North America is projected to hold a significant share of the global cellulose ether and derivatives market, supported by advancements in technology and increased application in personal care, textile, and pharmaceutical industries. Meanwhile, the Asia-Pacific region also represents a substantial market share and is expected to witness strong growth due to expanding industrial bases in countries such as China and India. Growth in sectors such as textiles, cosmetics, pharmaceuticals, and food and beverages-along with a surge in construction activities-is further bolstering demand. The presence of major industry players and increasing investments in manufacturing infrastructure are anticipated to support continued regional market expansion.
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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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