Growing construction industry and increasing use of gelling agents in the food and beverages sector to drive global cellulose ether & its derivatives market through 2024. According to TechSci Research report, “Global Cellulose Ether and Its Derivatives Market By Product Type, By End-User, By Region, Competition, Forecast & Opportunities, 2024”, the global cellulose ether & its derivatives market is projected to cross $ 5 billion by 2024, driven by increasing construction activities along with the growth of pharmaceutical and personal care industries.
Some of the key players in Cellulose Ether & Its Derivatives Market
- Ashland Inc.
- Du Pont
- Cp Kelco
- Shin-Etsu Chemical Co. Ltd.
- AkzoNobel
- Ashland Inc.
- Daicel Finechem Ltd.
- Lotte Fine Chemicals
- DKS Co. Ltd
- China Ruitai International Holdings Co. Ltd.
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In terms of end-user, the market has been segmented into construction, personal care & detergents, food & beverages, pharmaceuticals, oilfield applications, and others. Among the various application segments, the construction sub-segment holds the largest market share. Cellulose ethers are widely used to prevent water loss, delay coagulation and enhance the strength of structures. They also perform functions such as thickening, and binding, and act as a protective colloid in many industries including food and beverages, pharmaceuticals, oil-field chemicals, and others (textiles and automobiles).
Based on product type, the market has been segmented as carboxy methyl, methylcellulose, hydroxy ethyl cellulose, hydroxypropyl methylcellulose, and others (ethyl, hydroxypropyl, carboxymethyl cellulose, others. Among these product types, carboxy methyl cellulose accounts for nearly half of the market share, owing to its increasing usage in the pharmaceuticals, personal care, and food & beverages industries. In the personal care industry, it is used in detergents and toothpaste and as a thickening agent in oil drilling activities.
Asia-Pacific is the dominating regional market for cellulose ether & its derivatives, with significant developments in Japan, India, China, and South Korea. The Asia Pacific region is anticipated to account for the largest demand for cellulose ether & its derivatives until 2024, owing to growing investments in prominent applications including construction, mining, and drilling fluids in oilfields and pharmaceutical industries.
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“Government initiatives aimed at improving infrastructure is anticipated to propel the growth of the construction industry, globally. Notably, the market is expected to witness substantial growth during the forecast period, owing to increasing demand for cellulose ether & its derivatives in construction as binders, thickeners, and water-retention agents. Increasing penetration of cellulose ethers in pharmaceuticals, paints, and food applications is also anticipated to have a positive impact on the global market.”, stated Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Cellulose Ether & Its Derivatives Market By Product Type, By End-User, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global cellulose ether & its derivatives market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers to make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the global cellulose ether & its derivatives market.
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