Future Prospects: Key Trends Shaping the Cellulosic Polymers Market Up to 2030

The cellulosic polymers market is positioned for significant expansion in the coming years, driven by increasing environmental awareness and technological advancements. As industries seek sustainable alternatives to traditional plastics, cellulosic polymers are gaining attention across various sectors. Let's explore the expected market growth, leading companies, notable trends, and segmentation details shaping this industry.

Projected Growth and Market Size of the Cellulosic Polymers Market by 2030
The cellulosic polymers market is forecasted to experience robust growth, reaching a market value of $17.17 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 9.3%. Factors fueling this expansion include initiatives aimed at replacing plastics, regulations promoting sustainable packaging, rising demand in personal care products, the growth of pharmaceutical manufacturing, and increased investments in bio-based materials. Key trends influencing the market during this period are the growing preference for biodegradable materials, wider adoption in eco-friendly packaging, expansion in pharmaceutical excipient applications, heightened use in personal care products, and a focus on renewable polymer alternatives.

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Leading Enterprises Driving the Cellulosic Polymers Market
Several prominent companies hold influential positions within the cellulosic polymers industry. These include 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, and JNC Corporation.

A notable recent development occurred in September 2023 when DuBois Chemicals, a US-based company specializing in customized specialty chemical solutions, acquired Cellulose Solutions, an India-based manufacturer of cellulosic polymers. While the financial details of the deal remain undisclosed, this acquisition is expected to strengthen DuBois Chemicals' product portfolio in pulp and paper chemicals and enhance its footprint along the cellulosic polymers value chain.

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Emerging Technological Advances and Sustainability Trends in Cellulosic Polymers
Leading market players are concentrating on pioneering advanced technologies such as membrane-based production of cellulosic sugars to improve sustainability and diversify raw material sources. This innovative process uses enzyme treatment and membrane separation to transform inedible biomass like bagasse or cassava pulp into fermentable sugars, which can be purified and concentrated effectively.

For example, in September 2023, Japan-based chemical firm Toray Industries invested an additional US $8.2 million in its Thai subsidiary, Cellulosic Biomass Technology Co., Ltd., to scale up its membrane-based saccharification technology. This expansion aims to boost daily production capacity from three tonnes of bagasse-derived sugar to five tonnes by incorporating cassava-pulp-derived sugars. Toray plans to reach commercial production of approximately 100,000 tonnes of cellulosic sugar annually by 2030, supporting bio-based polyamide manufacturing, including 100% bio-based adipic acid produced since 2022 from inedible biomass sugars.

Detailed Market Segmentation and Forecast for the Global Cellulosic Polymers Industry
The report divides the cellulosic polymers market into several key segments:
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

Further subcategories break down the types as follows:
For Cellulose Esters: Cellulose Acetate, Cellulose Propionate, Cellulose Butyrate, Cellulose Acetate Propionate, Cellulose Acetate Butyrate
For Cellulose Ethers: Methyl Cellulose (MC), Hydroxypropyl Methylcellulose (HPMC), Hydroxyethyl Cellulose (HEC), Carboxymethyl Cellulose (CMC), Ethyl Cellulose (EC)

This structured segmentation provides a comprehensive view of the market's diversity and highlights areas with significant growth potential across industries.

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This release was published on openPR.