PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150008
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150008
The global cellulose ether & derivatives market size is expected to reach USD 12.79 billion by 2030, according to a new study by Polaris Market Research. The report "Cellulose Ether & Derivatives Market Share, Size, Trends, Industry Analysis Report, By Type (Carboxymethyl Cellulose, Hydroxypropyl Cellulose, Methyl Cellulose, Hydroxyethyl Cellulose, Ethyl Cellulose); By End-Use; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is expected to experience growth during the forecast period owing to rising industrialization, increasing population, and growing environmental concerns. The rise in environmental awareness and increase in the adoption of sustainable and eco-friendly products drive the growth of the global industry.
The rise in application in construction, personal care, and pharmaceutical sectors has increased the demand for cellulose ether & derivatives in recent years. Cellulose ether & derivatives are increasingly being used in pharmaceutical and personal care products.
An increase in awareness among consumers regarding health, hygiene, and wellness, a shifting trend toward the use of natural and bio-based products, and investments in material advancements support the growth of the industry. Industry players are introducing new sustainable products in the market to cater to the growing consumer demand and strengthen their market position.
Asia Pacific region accounted for a significant revenue share in 2021. Rise in population, industrialization, and increase in awareness among consumers boosts the demand for cellulose ether & derivatives. Greater demand from the construction sector on account of increasing application in the residential sector coupled with the development of public infrastructure and construction of offices and factories have boosted the industry growth in the region.
The outbreak of COVID-19 negatively influenced the global cellulose ether & derivatives industry. The industry was affected by reduced demand from the automotive, construction, and textile industries. Lockdown restrictions were imposed across the world to restrict the movement of people and contain the virus, which led to disruptions in the supply chain and the shutting of manufacturing activities. Low availability of raw materials, operational challenges, and lack of workforce further resulted in limited industry growth during the pandemic.
Cellulose Ether & Derivatives Market Report Highlights
The methyl cellulose segment accounted for a major share owing to its application in production of paints, coatings, and adhesives
The construction segment accounted for the largest share owing to strengthening construction sector in developing countries and growth in adoption of green buildings
Asia Pacific accounted for a significant share on account of growth in the construction sector and increase in application in the personal care sector
The global market is highly competitive owing to the existence of large industry players with global presence including Ashland Global Holdings, Inc, DKS Co. Ltd, Hebei Jiahua Cellulose Co., Ltd., J.M. Huber Corporation, LOTTE Fine Chemicals, Nouryon Chemical Holdings B.V, Shandong Head Co., Ltd, Shin-Etsu Chemical Co., Ltd, The Dow Chemical Company, and Zibo Hailan Chemical Co., Ltd
Polaris Market Research has segmented the cellulose ether & derivatives market report based on type, end-use, and region:
Cellulose Ether & Derivatives, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Carboxymethyl Cellulose
Hydroxypropyl Cellulose
Methyl Cellulose
Hydroxyethyl Cellulose
Ethyl Cellulose
Cellulose Ether & Derivatives, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Pharmaceutical
Food and Beverage
Construction
Personal Care
Others
Cellulose Ether & Derivatives, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1 Global Cellulose Ether & Derivatives Market, 2018 - 2030 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter's Five Forces
Figure 6 Market by End-Use
Figure 7 Global Cellulose Ether & Derivatives Market, by End-Use, 2021 & 2030 (USD Billion)
Figure 8 Market by Type
Figure 9 Global Cellulose Ether & Derivatives Market, by Type, 2021 & 2030 (USD Billion)
Figure 10 Cellulose Ether & Derivatives Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 11 Strategic Analysis - Cellulose Ether & Derivatives Market