The ethyl cellulose global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ethyl Cellulose Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ethyl cellulose market size has grown strongly in recent years. It will grow from $0.81 billion in 2023 to $0.88 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to the growing adoption of cosmetic and personal care products, rising demand from the pharmaceutical industry, increasing use of paints and coatings, rise in solar panel production, and growing demand for the plastic industry.
The ethyl cellulose market size is expected to see strong growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing research on natural polymers, rising demand from the construction sector, global trade expansion, regulatory support for biodegradable products, and rise in e-commerce platforms. Major trends in the forecast period include technological innovations, food packaging innovations, customization of ethyl cellulose for specific applications, innovative coating solutions, and technological advancements.
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Scope Of Ethyl Cellulose Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ethyl Cellulose Market Overview
Market Drivers –
The expansion of the plastic industry is expected to propel the growth of the ethyl cellulose market going forward. The plastics industry encompasses producing, developing, and manufacturing plastic materials and products used across various sectors, including packaging, automotive, construction, electronics, and healthcare. The expansion of the plastic industry is due to the large-scale production of synthetic polymers and increasing use in packaging, particularly for consumer goods and food products, because of its versatility, durability, and cost-effectiveness, with an increasing emphasis on sustainability and recycling innovations. Ethyl cellulose is used in the plastic industry primarily as a binder, film-former, and thickener for protective or decorative finishes, as well as in coatings, adhesives, and sealants. For instance, in August 2024, according to the Government of Canada, sales of plastics and rubber products manufacturing in Ontario reached $21.6 million in 2022, reflecting a 16.9% increase compared to 2021. Therefore, the expansion of the plastic industry is driving the ethyl cellulose market.
Market Trends –
Major companies operating in the ethyl cellulose market are focused on developing innovative, sustainable products to reduce environmental impact and meet the growing demand for eco-friendly solutions across various industries. Sustainable ethyl cellulose products refer to ethyl cellulose materials developed and manufactured with an emphasis on minimizing environmental impact. These products aim to provide the same functionality as traditional ethyl cellulose while promoting sustainability in their lifecycle. For instance, in April 2022, Nouryon, a Netherlands-based company that manufactures chemicals, launched Bermocoll FLOW cellulose ether, a natural alternative to associative synthetic paint thickeners. This innovative and sustainable new product combines the flow and leveling properties of an associative synthetic thickener with the stability properties of a cellulose thickener. This allows customers to achieve an optimal paint rheology profile while eliminating the need for complex paint thickener systems.
The ethyl cellulose market covered in this report is segmented –
1) By Type: Cosmetic Grade, Food Grade, Industrial Grade, Pharmaceutical Grade
2) By Source: Cotton, Wood Pulp
3) By Application: Personal Care and Cosmetic, Food, Pharmaceuticals, Paint And Ink, Textiles And Paper, Other Applications
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Regional Insights –
North America was the largest region in the ethyl cellulose market in 2023. The regions covered in the ethyl cellulose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the ethyl cellulose market are Dow Inc., Eastman Chemical Company, Celanese Corporation, Nouryon Chemicals Holding B.V., FMC Corporation, Daicel Corporation, Ashland Global Holding Inc., Borregaard AS, Colorcon Inc., Lamberti S.p.A., DKS Co. Ltd., Fenchem Biotek Ltd., Shandong Head Co. Ltd., Huzhou Zhanwang Pharmaceutical Co. Ltd., J. Rettenmaier & Söhne GmbH Co KG, SE Tylose GmbH & Co. KG, Scope Ingredients Pvt. Ltd., LOTTE Fine Chemical Co. Ltd., Sidley Chemical Co. Ltd., Asha Cellulose Pvt. Ltd.
Table of Contents
1. Executive Summary
2. Ethyl Cellulose Market Characteristics
3. Ethyl Cellulose Market Trends And Strategies
4. Ethyl Cellulose Market – Macro Economic Scenario
5. Global Ethyl Cellulose Market Size and Growth
….
32. Global Ethyl Cellulose Market Competitive Benchmarking
33. Global Ethyl Cellulose Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ethyl Cellulose Market
35. Ethyl Cellulose Market Future Outlook and Potential Analysis
36. Appendix
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