Global Cellulose Ether & Its Derivatives Market is Forecasted to Grow at an Impressive CAGR During the Forecast Period due to Its Use in Various Applications Such as Pharmaceuticals.
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Global Cellulose Ether & Its Derivatives Market is forecasted to grow at an impressive CAGR during the forecast period due to its use in various applications such as pharmaceuticals. In 2021, pharmaceutical preparations manufacturing contributed the highest to the revenue of the pharmaceutical industry in China, dominating with around 30 percent.
Cellulose ether is a water-soluble polymer produced from refined cotton fibers through the chemical modification of cellulose. These chemical compounds are broadly used in building & construction, automotive, and electronic industries in the form of thickeners, binders, film-forming agents, lubricators, and many more. The demand for Cellulose ether & Its derivatives is surging at a rapid rate owing to the growth of end-user sectors, including personal care and prescription drugs, coupled with technological advancements in chemical synthesis of cellulose ether & its derivatives resulting in driving the growth of Global Cellulose Ether & Its Derivatives Market during the forecast period.
Increasing Utilization of Carboxymethyl Cellulose
Carboxymethyl cellulose (CMC) is one of the widely used cellulose derivatives across various advanced application fields like food, paper, textile, pharmaceutical, and so on. The market scenario regarding the capacity utilization of Carboxymethyl Cellulose was evaluated, and it was found that demand for CMC is enriching year on year due to the increasing adoption of end-use products owing to the material’s mechanical strength, tunable hydrophilicity, low-cost preparation. For instance, Carboxymethyl Cellulose and its hybrid materials have gained massive industrial acceptance in biomedical fields, especially for applications like drug delivery, drug emulsification, and stabilization purposes. Based on the properties like high-viscosity and film-forming, CMC has been utilized to harness multiple purposes in the textile industry. Hence, due to miscellaneous applications of Carboxymethyl cellulose and other derivatives across many sectors, the Global Cellulose Ether & Its Derivatives Market is expected to witness healthy growth during the forecast period.
Growing Application across Pharmaceutical and Food & Beverage Industries
Cellulose Ether and Its Derivatives are a natural long-chain polymer with versatility across many industries, including Pharmaceutical and Food & Beverage. They are extensively used in the Pharmaceuticals and Cosmetics Industry due to their exceptional physicochemical and mechanical properties. These chemical substances are broadly consumed in the industrial formulation of dosage forms and healthcare products and play a significant role in different pharmaceuticals, such as osmotic drug delivery systems, bio adhesives, compression tablets, and many other end-use applications.
Recent Trends and Developments
Nouryon, which is one of the leading global suppliers to the Paints and Coatings end-market, providing cellulose ether and various other engineered polymers with multiple production units located across China and several regions of Europe like the Netherlands, Finland, Germany, and Sweden, has considered several locations in Southeast Asia for diversification of its Product Portfolio due to more significant business opportunities as compared to other regions. The start-up of the production facility is anticipated to produce at a capacity of 15-20 kilotons. It will expand Nouryon’s Bermocoll business, which delivers ethyl hydroxyethyl cellulose (EHEC) and other necessary ingredients to the various end-user industry.
Market Segmentation
Global Cellulose Ether & Its Derivatives Market is segmented based on Product Type, Application, and regional distribution. Based on Product Type, the market is further segmented into Methyl Cellulose & Derivatives, Carboxymethyl Cellulose, Hydroxyethyl Cellulose (HEC), Hydroxypropyl Cellulose (HPC), Ethyl Cellulose (EC), and Others. Based on Application, the market is fragmented into Construction, Pharmaceutical, Personal Care, Food & Beverage, and Others. The market analysis also studies the regional segmentation divided among the North American, European, Asia-Pacific, South American, Middle East & African regions.
Market Players
The Dow Chemicals Company, Akzo Nobel N.V., Shin-Etsu Chemical Co., Ltd., Ashland Global Specialty Chemicals Inc., Daicel FineChem Ltd., Lotte Fine Chemicals Company, DSK Co. Ltd., China Ruitai International Holdings Co. Ltd., Fenchem Biotek Ltd., Nouryon Chemicals Holding B.V.are some of the major market players in Global Cellulose Ether & Its Derivatives Market.
Report Scope:
In this report, Global Cellulose Ether & Its Derivatives Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Cellulose Ether & Its Derivatives, By Product Type:
- Methyl Cellulose & Derivatives
- Carboxymethyl Cellulose
- Hydroxyethyl Cellulose (HEC)
- Hydroxypropyl Cellulose (HPC)
- Ethyl Cellulose (EC)
Cellulose Ether & Its Derivatives, By Application:
- Construction
- Pharmaceutical
- Personal Care
- Food & Beverage
Cellulose Ether & Its Derivatives, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Spain
- United Kingdom
- Germany
- Italy
- France
- Netherlands
- Russia
- Belgium
- Asia-Pacific
- China
- South Korea
- India
- Japan
- Australia
- Taiwan
- Indonesia
- South America
- Brazil
- Colombia
- Argentina
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Cellulose Ether & Its Derivatives Market.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The Dow Chemicals Company
- Akzo Nobel N.V.
- Shin-Etsu Chemical Co., Ltd.
- Ashland Global Specialty Chemicals Inc.
- Daicel FineChem Ltd.
- Lotte Fine Chemicals Company
- DSK Co. Ltd.
- China Ruitai International Holdings Co. Ltd.
- Fenchem Biotek Ltd.
- Nouryon Chemicals Holding B.V.
