Global cellulose ether & its
derivatives market was valued at $ 4.5 billion in 2018 and is projected to
reach $ 6.4 billion by 2024, growing at a CAGR of over 6% during the forecast
period. High-growth application areas including personal care, pharmaceuticals,
food ingredients and construction along with expansion and new product launch
activities undertaken by companies are the major factors expected to drive cellulose
ether & its derivatives market, globally, during the forecast period.
The market for cellulose ether & its
derivatives has been segmented into product type, application and region. Based
on product type, the market has been categorized into methyl, hydroxyethyl, ethyl, hydroxypropyl methylcellulose, carboxymethyl
cellulose and hydroxymethyl methylcellulose (HMC). Further, based on
application, the market has been segmented into pharmaceuticals, personal care,
foods & beverages, paints & coatings, oilfields and others. Among these, the pharmaceutical
industry is the largest consumer of cellulose ether & its derivatives and
accounted for a significant share of the market, in terms of value, in 2018, fueled
by increasing demand for advanced drugs.
Hydroxyethyl
is anticipated to be the fastest
growing product type during the forecast period, owing to high growth in
end-use industries including, pharmaceuticals, construction and oil drilling.
Carboxymethyl cellulose segment dominated global market in 2018 and is expected
to account for the largest market share in coming years, as it has major
applications in industrial, foods and beverages, pharmaceuticals and personal
care sectors. The surface-active properties
of cellulose ether allow it to act as a thickener and stabilizer in aqueous
solutions, making it a beneficial additive in numerous commercial products and
industries, including PVC products and pharmaceutical, construction, food &
beverages, petroleum and cosmetics industries.
Asia-Pacific is the largest market for
cellulose ether & its derivatives, accounting for more than half of the
global market. Within the region, China dominates the region’s cellulose ether
& its derivatives market, closely followed by India. The market growth in
the region is attributed to competitive costs of manufacturing coupled with expansion
of production capacities.
Some of the key players in the market include Akzonobel,
The DOW Chemical Company, Shin-Etsu Chemical Co. Ltd., Ashland Inc., Daicel
Finechem Ltd., Lotte Fine Chemicals, DKS Co. Ltd., China Ruitai International
Holdings Co. Ltd., CP Kelco and Fenchem Biotek Ltd.
Years considered for this report:
Historical Years: 2014-2017
Base
Year: 2018
Estimated
Year: 2019
Forecast
Period: 2020-2024
Objective of the Study:
- To analyze
and forecast global cellulose ether & its derivatives market size.
- To forecast global cellulose
ether & its derivatives market based on product type, application and
regional distribution.
- To
identify drivers and challenges for global cellulose ether & its
derivatives market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in global cellulose ether & its
derivatives market.
- To conduct
the pricing analysis for cellulose ether & its derivatives market.
- To
identify and analyze the profile of leading players involved in the
manufacturing of cellulose ether & its derivatives.
Click here to download the brochure
Some
of the leading players in global cellulose ether & its derivatives market are
Akzonobel, The DOW Chemical Company, Shin-Etsu Chemical Co. Ltd., Ashland Inc.,
Daicel Finechem Ltd., Lotte Fine Chemicals, DKS Co. Ltd., China Ruitai
International Holdings Co. Ltd., CP Kelco and Fenchem Biotek Ltd.
TechSci
Research performed both primary as well as exhaustive secondary research for
this study. Initially, TechSci Research sourced a list of leading manufacturers
across the globe. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufacturers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in global cellulose ether & its derivatives market.
TechSci Research
calculated global cellulose
ether & its derivatives market size using a top-down approach, where data
for various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Cellulose Ether & Its Derivatives manufacturers
and suppliers
- Government and other regulatory bodies
- Organizations, forums and
alliances related to metal biocides
- Market research and consulting firms
The study is useful
in providing answers to several critical questions that are important for the
industry stakeholders such as manufacturers and partners, end users, etc.,
besides allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report,
global cellulose ether & its derivatives market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Market, by Product Type:
- Methyl
- Hydroxyethyl
- Ethyl
- Hydroxypropyl Methylcellulose
- Carboxymethyl Cellulose
- Hydroxymethyl Methylcellulose (HMC)
- Market, by Application:
- Personal Care
- Food & Beverages
- Pharmaceuticals
- Paints & Coatings
- Oilfield Applications
- Others
- Market, by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Europe
- United Kingdom
- Italy
- France
- Germany
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in global cellulose ether & its derivatives market.
Available Customizations:
With the given market
data, TechSci Research offers customizations according to a company’s specific
needs. The following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional market
players (up to five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect
sales channel.
In case you don’t find what you are looking for,
please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to be released soon. If
you wish an early delivery of this report or want to confirm the date of
release, please contact us at sales@techsciresearch.com