Cellulose Ether & Derivatives Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

The global cellulose ether & derivatives market is anticipated to expand at a compounded annual growth rate (CAGR) of 7.4% during the forecast period of 2022-2030.

Cellulose ethers are water-soluble polymers. These polymers have high molecular weight and are manufactured through the chemical modification of cellulose. These ethers are extensively used in automotive, building & construction, and electronics industries owing to their excellent physical & mechanical properties, hydrophilicity, biocompatibility, advanced flow-out homes, pigment wetting characteristics, and optical appearance. These properties differ according to the kind of cellulose utilized to manufacture cellulose ether.

Cellulose ethers carry out various functions such as water retention, film-forming, lubrication, soil ant redisposition, thickening, binding in many industries. The cellulose ether & its derivatives are utilized in a wide range of applications in personal care, construction, oil & gas, pharmaceutical, food, and several other end-use industries.

Growth Drivers:

The primary factors driving the growth of this market include: the soaring awareness among consumers regarding bio-based products; the growing number of oil drilling activities worldwide;  the rapidly expanding construction industry across the globe; the augmenting demand and application of cellulose ether & its derivatives due to its advantageous features in paints & coatings, personal care, food & beverage, construction, oil & gas, and other end-use industries, globally; the proliferating global demand for polyvinyl chloride; the surging usage of CMC in mini flotation process; the burgeoning pharmaceuticals application; and the escalating technological enhancements across the globe.

Additionally, due to the growing industrialization, the end-user industries are witnessing massive expansion all across the globe, especially in the developing nations, including India and China. As a result of this expansion, the demand for cellulose ether & derivatives is surging among these end-user industries. This is anticipated to bring about tremendous growth in the overall cellulose ether & derivatives market in the next few years, especially during the forecast period of 2022-2030.

Moreover, cellulose ether & its derivatives act as a stabilizer in addition to a thickener in aqueous solutions in a few activities due to its properties. Also, other products can’t be replaced in place of cellulose ethers & their derivatives. This makes cellulose ethers highly beneficial in special industries, including cosmetics, construction, personal care products, and pharmaceuticals, which results in its growing demand in these industries, thereby leading to the overall expansion of its market.

Furthermore, other factors such as the rising inclination for non-GMO cellulose gum products, especially in North America and European nations owing to the surging awareness about health and environmental risks linked with GMO foods; the growing demand for carboxymethyl cellulose as a substitute for gluten; and the increasing demand for HPC in the pharmaceutical application are expected to further create ample growth opportunities for the global cellulose ether & derivatives market during the forecast period.

However, factors such as the rising costs of raw materials, the high emission of hazardous air pollutants during production, and the emergence of substitutes in various applications are expected to hamper the growth of the global cellulose ether and derivatives market during the forecast period.

Cellulose Ether & Derivatives Market Segmentation:

By Type:

·         Methyl Cellulose & Derivatives

·         Carboxymethyl Cellulose

·         HEC, HPC, EC

 

By Application:

·         Ceramic Processing

·         Adhesives

·         Household Products

·         Textiles

·         Others

 

By End User:

·         Construction

·         Pharmaceuticals

·         Paints & Coatings

·         Foods & Beverages

·         Drilling Fluids

·         Personal Care

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Based on type, the methyl cellulose & derivatives segment acquired the largest share of the global cellulose ether & derivatives market in 2021. The segment is estimated to retain its position further in the market during the forecast period of 2022-2030. The high acceptance of methyl cellulose & derivatives across various end-user industries and the rapid expansion of these end-user industries is the major factor responsible for this segment's large share and high growth.

Based on end user, the construction segment led the global cellulose ether & derivatives market in 2021. The segment is expected to maintain this trend over the forecast period of 2022-2030. The increasing number of complex infrastructural projects leading to the swift expansion of the construction industry, especially in the developed countries; the high preference for ethers in the construction industry as a result of the growing consciousness regarding green chemicals, and the improving living standards of people are the major factors attributed to the large share of this particular segment.

Regional Outlook:

The Asia Pacific region held the most commanding position in the global cellulose ether & derivatives market in 2021. The region is projected to retain its dominance in the market throughout the forecast period of 2022-2030. The proliferating usage of cellulose ether & derivatives in applications across various end-use industries, the rapidly expanding manufacturing industries; the presence of well-established market players; the burgeoning demand from domestic industries; and the increased shifting of production facilities from matured nations to emerging countries such as India and China in the region are the major factors ascribed to the growth of the market in the Asia Pacific. Moreover, the ever-increasing population base, the easy availability of cheap labor & low manufacturing costs, and the high economic growth in the region are also expected to significantly contribute to the growth of the market in the region during the forecast period. India, China, Japan, and South Korea are the major contributors to the growth of the market in the region.

 

Key Companies in Cellulose Ether & Derivatives Market:

·         Ashland Global Holdings Inc.

·         LOTTE Fine Chemicals

·         The Dow Chemical Company

·         J.M. Huber Corporation

·         J. RETTENMAIER SOHNE GmbH + Co KG

·         FENCHEM

·         Shin-Etsu Chemical Co. Ltd.

·         Rayonier Advanced Materials Inc.

·         Shandong Head Co., Ltd.

·         Nouryon Chemical Holdings B.V

·         Colorcon

·         Hebei Jiahua Cellulose Co., Ltd.

·         DKS Co. Ltd.

·         Lamberti S.p.A

·         Zibo Hailan Chemical Co. Ltd.

·         Other Players