PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1303508
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1303508
Cellulose, an abundant organic polymer found in plants, algae, and bacteria, exhibits biodegradable and biocompatible properties. Cellulosic polymers find extensive applications across various industries, including pharmaceuticals, textiles, food and beverages, oil and gas, construction, and pulp and paper. The global cellulosic polymers market is experiencing significant growth due to the diverse range of applications and desirable properties offered by these polymers.
Cellulosic polymers are widely used in the healthcare and pharmaceutical industry, particularly in ophthalmic formulations. Research and development initiatives have demonstrated the safety and effectiveness of cellulose polymers in ocular drug delivery for both animals and humans. The nanocomposites derived from cellulose have shown superior results compared to other polymers, making them a promising platform for ocular drug discovery. This application in the pharmaceutical industry is expected to drive strong growth in the global cellulosic polymers market.
Cellulosic polymers possess functional properties that make them an excellent raw material for the textile industry. Clothing products made from regenerated cellulosic polymers exhibit exceptional washability, absorbency, smoothness, softness, and comfort. These properties have expanded the application range of regenerated cellulosic polymers in various textile products, including apparel, home textiles, and knitted wear. The growing demand for specific types of regenerated cellulosic polymers like cupro and lyocell further contributes to the sustained growth of the cellulosic polymers market.
Asia Pacific holds a prominent position in the global cellulosic polymers market due to favorable macroeconomic factors and the presence of major end-use industries. The region benefits from sustained economic growth, a significant customer base, and the concentration of key companies in various sectors. Additionally, the cigarette manufacturing industry in China and India, which utilizes cellulose esters, has contributed to Asia Pacific's leading market position. Factors such as rising GDP per capita and population growth further drive the demand for cellulosic polymers in the region.
Key players in the global cellulosic polymers market include: Daicel Corporation, DuPont, Mitsubishi Chemical Holdings Corporation, Celanese Corporation, Xinjiang Zhongtai Chemical Co. Ltd., Eastman Chemical Corporation, Celotech Chemical Co., Ashland, Nouryon, J. M. Huber Corporation, LENZING AG, Grasim, Sappi, China National Tobacco Corporation, and Acordis Cellulosic Polymers. These companies actively contribute to the market's growth through innovation and product development in the field of cellulosic polymers.