Market Insights
The cellulose ether & derivatives market is likely to grow with a CAGR of 9.1% over the next five years.
What are Cellulose Ethers?
Cellulose ethers are water-soluble polymers produced by the chemical modification of cellulose. Cellulose is a natural polymer that is found in plants, and it is the most abundant organic compound on Earth. Due to its high degree of versatility, it is increasingly used in cleaning products, paints, textiles, paper, food production, and building materials. It can be used as a thicker binder, a water-retention agent, or a protective colloid. Cotton and wood cellulose are used in the industrial production of cellulose ether.
COVID-19 Impact
The global outbreak and spread of COVID-19 have hampered the expansion of the market for cellulose ether and its derivatives. The pandemic caused restrictions and limitations in the global automotive, textile, and construction industries, which led to a reduction in the consumption of cellulose ether & its derivatives across the industries and ultimately hindered market expansion globally.
Market Dynamics
However, there are some positive signs for the future of the cellulose ether & derivatives industry. The demand for cellulose ether & derivatives has increased as a result of rising consumer awareness related to the use of environmentally friendly products, increasing worries about wellness and personal care products, and developments by industry players resulting in the launch of new innovative and sustainable products. Moreover, the demand for cellulose ether & derivatives is increasing due to growing urbanization and industrialization throughout the world.
Growing demand from a variety of industries, including the automotive, construction, textile, food and beverage, and pharmaceutical sectors, as well as an ageing population and a growing preference for sustainable products, are the main factors driving the industry's expansion.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Product-Type Analysis
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Methyl Cellulose & Derivatives, Carboxymethyl Cellulose, Hydroxyethyl Cellulose, Hydroxypropyl Cellulose, and Ethyl Cellulose
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Methyl cellulose & derivatives are expected to remain the dominant product type in the market during the forecast period.
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Application-Type Analysis
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Construction, Pharmaceutical, Personal Care, Food & Beverage
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Construction industry is expected to remain the biggest demand generator for cellulose ether & derivatives in the market during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest and fastest-growing market for cellulose ether & derivatives over the next five years.
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Product Trends
The cellulose ether & derivatives market is segmented into methyl cellulose & derivatives, carboxymethyl cellulose, hydroxyethyl cellulose, hydroxypropyl cellulose, and ethyl cellulose. The methyl cellulose & derivatives segment is expected to remain the dominant product type in the market during the forecast period. Methyl cellulose is a popular cellulose ether used in industrial settings.
Due to its characteristics, including water solubility and exceptional UV and solvent resistance, it has a wide range of applications. It is used to make adhesives, inks, paints, and dyes. Additionally, it is used in cosmetics and personal care products. Increasing spending on R&D, technological advancements, rising consumer disposable income, and increased demand from emerging economies would all help this segment grow over the forecast period.
Application Trends
The market is segmented into construction, pharmaceutical, personal care, and food & beverage. The construction industry is expected to remain the biggest demand generator for cellulose ether & its derivatives in the market during the forecast period. In the construction industry, cellulose ether is used to improve the strength, water retention, processability, and consistency of mortar.
They also provide significant improvements through superior tensile strength, fracture toughness, and compressive strength. Paints, coatings, adhesives, and other products are also made with cellulose ether and its derivatives. During the forecast period, it is anticipated that factors such as the expansion of residential and commercial building construction, rising demand for sustainable products, and growing interest in the construction of green buildings will present growth opportunities.
Regional Analysis
Asia-Pacific is expected to remain the largest and fastest-growing market for cellulose ether & derivatives. Population growth and industrialization are likely to support market expansion. Growth in the area is also promoted by the presence of well-established market players, expansion in the construction industry, and rising consumer demand in the food and beverage sector.
It is anticipated that technological and material innovation would present growth opportunities in the market. It has been noted that application of the product is increasing in the pharmaceutical, textile, and personal care products industries. The demand for cellulose ether and derivatives in the region is further boosted by an increase in environmental consciousness and a greater propensity towards using sustainable products.
The cellulose ether & derivatives market is segmented into the following categories:
By Product Type
- Methyl Cellulose & Derivatives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Carboxymethyl Cellulose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hydroxyethyl Cellulose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hydroxypropyl Cellulose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ethyl Cellulose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Personal Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Food & Beverage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Key Players
The following are the key players in the cellulose ether & derivatives market:
- The Dow Chemical Company
- Shin-Etsu Chemical Co., Ltd.
- Lotte Fine Chemicals
- Ashland Global Holdings, Inc.
- Rayonier Advanced Materials
- DKS Co. Ltd.
- Nouryon Chemicals Holdings B.V.
- J.M. Huber Corporation
- SHANDONG HEAD CO. LTD.
- Colorcon
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s cellulose ether & derivatives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Waste portfolio, New Waste Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Waste portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
