+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
The global cellulose ether & its derivatives market is expected to account for a revenue of 5,522.46 USD Million in 2020 and is expected to grow with a CAGR of 5.9% by 2028.
Download Free Report Sample to learn more about this report.
The polymers formed through the chemical modification of cellulose are known as cellulose ethers. In several industries, cellulose ethers provide activities such as thickening, binding, water retention, soil and redisposition, and acting as a protective colloid.
The COVID-19 pandemic's economic impact is primarily due to a decline in demand for cellulose ether and its derivatives. Furthermore, the influence of the COVID-19 pandemic on the growth and distribution network disruptions of several end-user sectors, as well as severe regulatory changes on the use of cellulose ether and its derivatives, may impede the Cellulose Ether & its Derivatives Market growth.
Market participants, on the other hand, are developing strategic innovations in order to find a balance between supply and demand. DuPont extended its agreement with Chem point Inc., a Univar Solutions Inc. affiliate, for sales and distribution of DuPont's cellulosic and poly (ethylene oxide) solutions in industrial applications throughout Mexico in November 2020.
Increased competition for cellulose ether and its derivatives in pharmaceuticals, personal care, foods, and beverages, as well as paints and coatings, is a primary factor influencing the Cellulose Ether & its Derivatives Market growth. Some major factors are the fast development in the pharmaceutical usage, the construction industry, oil drilling activities, and polyvinyl chloride. Furthermore, expanding use of Carboxymethylcellulose in micro flotation processes and rising growth in end-use industries in emerging nations would generate great possibilities for the cellulose ether and its derivatives market in the forecast period.
But, harmful air pollutants are getting emitted at the time of manufacturing, and combusting and they have become obstacles. There is also an emergence of substitute products for the growth of the cellulose ether and its derivatives market during the projected timeframe.
Drivers:
Increasing Demand for Cellulose ether and its derivatives in Pharmaceutical sector
Cellulose is the most abundant organic compound on the planet, produced primarily by plants. In herbal cells and tissues, it is the most structural component. Cellulose is a long-chain polymer found in nature that indirectly contributes to the human food cycle. This polymer is used as an excipient in a variety of sectors, including veterinary meals, wood and paper, fabrics and clothing, cosmetics, and pharmaceuticals.
The semi-synthetic derivatives of cellulose are widely employed in the pharmaceutical and cosmetic sectors. The two primary families of cellulose derivatives are cellulose ethers and cellulose esters, which have differing physicochemical and mechanical properties. These polymers are widely employed in the development of dosage forms for pharmaceuticals.
These compounds are used in a variety of pharmaceuticals, including extended and delayed release coated dosage forms, extended and controlled release matrices, osmotic drug delivery systems, bio adhesives and mucoadhesive, compressibility enhancers in compression tablets, and thickening agents and stabilizers in liquid dosage forms, Binders in the form of granules and tablets, semisolid formulations as gelling agents, and a variety of additional uses. These polymeric materials have also been employed in transdermal patches as a filler, taste masker, free-flowing agents, and pressure sensitive adhesives.
Nowadays, cellulose and cellulose-based polymers have grown in popularity and importance in the pharmaceutical industry, owing to the development of new derivatives and the discovery of new applications for existing molecules by pharmaceutical researchers
Market Restraints/ Challenges:
Shortage in Supply Raw material of cellulose ether
Cotton linter is the most common raw material used to make cellulose ethers. Cotton linter output has been reduced due to factors such as reduced plant area, extreme weather conditions, and other issues. As a result, the price of cotton linter has risen, affecting the margins of cellulose ethers makers.
The cotton fabric manufacturing industries have complained about a lack of cotton linters, causing significant doubt over the export of raw cotton linters. Cottonseed supply shortages are the primary reason of price increases. Cottonseed is mostly procured by cottonseed oil and delinting plants, and Xinjiang-origin cottonseed is the leading source of cottonseed oil plants in China's heartland.
Cottonseed oil, palm oil, and soybean meal futures continue to rise, driving cottonseed oil and cotton dreg prices higher, indicating that cottonseed oils are more interested in cottonseed purchasing. Cottonseed is mostly purchased by oil factories in China's inland from Xinjiang, but still the price of cottonseed has been growing since the Labor Day break, indicating that the uptrend in commodities and cotton by-products is a key driver in cottonseed price increases.
Market Opportunity:
Rising use of cellulose & its derivatives in paints and coating sector
Thickeners for water-based paints are made from cellulose ester polymers, which are utilized in the paint and varnish industry. Ink viscosity decreases as the degree of polymerization decreases (paint thinning).
Cellulose ethers thicken the paint while also providing it with outstanding mechanical qualities and long-term storage stability. Hydroxyethyl cellulose is an important class of additives for low viscosity water-based paints. The UTS Group can deliver cellulose ethers for water-based paints and varnishes.
Furthermore, the usage of cellulose ethers improves the coating material's open time, spattering, leveling, hiding power, and film formation.
Cellulose Ether & its Derivatives Market Segment Analysis:
Download Free Report Sample to learn more about this report.
Global Cellulose Ether & Its Derivatives Market is segmented into By Product Type, By Application, And by Region. Based on the Product type, the Cellulose Ether & Its Derivatives is primarily split into METHYL CELLULOSE (MC), HYDROXYPROPYL METHYLCELLULOSE (HPMC), Hydroxymethyl Methylcellulose (HMC), Carboxymethyl Cellulose (CMC), Hydroxyethyl Cellulose (HEC), Ethyl Cellulose (EC), Hydroxypropyl Cellulose (HPC) and Hydrophobically modified cellulose ethers (EHEC, HM-EHEC). Among these Carboxymethyl Cellulose (CMC) holds the highest market share of 24% in 2022. By type, the Carboxymethyl Cellulose (CMC) held the major share in the global cellulose ether & its derivatives market. This segment is anticipated to witness a significant CAGR of 5.7% over the forecast period. The CMC market is growing due to the development of different sectors like cosmetics, pharmaceuticals, processed foods, and oil drilling operations. Consumption of processed foods has increased in emerging economies such as China, India, Mexico, Africa, and South America as disposable income has increased.
Based on the Cellulose Ether & Its Derivatives Application Types, the Cellulose Ether & Its Derivatives market is segmented into several major parts, like Foods & Beverages, Construction, Paints & Coatings, Drilling Fluids, Pharmaceuticals, Personal Care, Mining, and Others. Among these Pharmaceuticals holds the highest market share of 25% in 2022. High glass transition temperatures, chemical and photochemical stability, solubility, limited crystallinity, hydrogen bonding capability, and low toxicity make them particularly useful in pharmaceutical applications thereby growing the Cellulose Ether & its Derivatives Market.
Download Free Report Sample to learn more about this report.
On the other hand, North America is expected to grow with the highest CAGR of 6.5% in the forecasted years. North America celulose ethers market is expected to witness significant growth over the forecast period owing to its increasing demand in construction as thickeners, binders, and water-retention agents.
Investments & Expansions, New product Launch/ Development and R&D activities are key strategies adopted by players in the Cellulose Ethers & Its Derivatives Market. The major Cellulose Ethers Market players are The Dow Chemical Company, Shin-Etsu Chemical Co. Ltd., Lotte Fine Chemicals, Ashland Inc., and Nouryon Chemicals LLC. , SE Tylose GmbH & Co. Kg, Shandong Head Co. Ltd, Borregaard, Celotech Chemical, SIDLEY CHEMICAL. These companies offer highly used Cellulose Ethers & Its Derivatives products and raw materials.
· In March 2021, Ashland Global Holdings Inc. declared the company’s decision to raise production level of Natrosol™ hydroxyethylcellulose located in China site (Nanjing)
· Rayonier helped with materials expands using its Cellulose Technology Platform Through in 2021.
· In May 2020, JRS launched Plant based stabilizer for sunscreens and after sun products. VIVAPUR® CS TEX Sun (INCI: Microcrystalline Cellulose, Cellulose Gum) ensures an even spray mist and allows an easy and smooth distribution on the skin.
This report forecasts revenue growth at regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2017-2028. For the purpose of this study, Research Layer has segmented the global Cellulose Ethers & Its Derivatives market based on product, phase, and region:
The global Cellulose Ether & its Derivatives Market is expected to exhibit 5.9 % during the projected period.
The Asia-Pacific region is expected to be dominate global Cellulose Ether & its Derivatives Market in 2028.
The Foods & Beverages application segment is expected to high CAGR for the market during the forecast period.
Hydroxyethyl Cellulose (HEC)is expected to be the higher CAGR to the Cellulose Ether & its Derivatives Market by 2030.
Nouryon Chemicals LLC., Rayonier Advanced Materials, Akzonobel, Ashland Inc. and more…
The global Cellulose Ether & its Derivatives Market was valued at USD 5,522.46 million in 2020.
Report Code :
RL6515
Published on :
23 Nov 2022
Request a Free Sample Report
Speak to Analyst