Cellulose Ether & Derivatives Market

According to a new report published by xResearch, titled, “Cellulose Ether & Derivatives Market 2022– Industry Insights, Trends, Opportunity & Forecast, 2021–2030,” the global cellulose ether & derivatives market size is anticipated to witness moderate growth during the forecast period i.e.2022-2030.

 

The rising demand and application of cellulose ether & its derivatives due to its advantageous features in various end-use industries, globally; the fast-paced growth of the construction industry worldwide; the proliferating awareness among consumers regarding bio-based products; the high number of technological enhancements; the increasing number of oil drilling activities across the globe; the burgeoning global demand for polyvinyl chloride; the growing usage of CMC in mini flotation process; and the expanding pharmaceuticals application are among the major factors contributing to the growth of the global cellulose ether & derivatives market.

 

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According to type, the methyl cellulose & derivatives segment captured the largest share of the global cellulose ether & derivatives market in 2021. The segment is projected to maintain its lead further in the market during the forecast period of 2022-2030. According to end user, the construction segment held the largest share of the global cellulose ether & derivatives market in 2021. The segment is expected to retain its dominance in the market during the forecast period of 2022-2030. The enhancing living standards of people; the growing number of complex infrastructural projects resulting in the rapid growth of the construction industry, especially in the developed countries; and the increasing preference for ethers in the construction industry as a result of the propelling consciousness regarding green chemicals are predominantly driving the growth of this segment.

 

Geographically, the Asia Pacific region dominated the global cellulose ether & derivatives market in 2021. This trend is expected to continue throughout the forecast period of 2022-2030. The high usage of cellulose ether & derivatives in applications across various end-use industries, the rapidly growing manufacturing industries; the shifting of production facilities from matured nations to emerging countries such as India and China in the region, and the easy availability of cheap labor & low manufacturing costs in the region are the primary factors driving the growth of the market in the Asia Pacific. Countries such as India, China, Japan, and South Korea are among the key contributors to the growth of the market in the region.

 

Some of the major cellulose ether & derivatives companies profiled in the report include Ashland Global Holdings Inc., LOTTE Fine Chemicals, The Dow Chemical Company, J.M. Huber Corporation, J. RETTENMAIER SOHNE GmbH + Co KG, FENCHEM, Shin-Etsu Chemical Co. Ltd., Rayonier Advanced Materials Inc., Shandong Head Co., Ltd., and Nouryon Chemical Holdings B.V.

 

The global cellulose ether & derivatives market is segmented into type, application, end user, and region. Based on type, the market is bifurcated into methyl cellulose & derivatives, carboxymethyl cellulose, and HEC, HPC, EC. Based on application, it is classified into ceramic processing, adhesives, household products, textiles, and others. Based on end user, it is classified into construction, pharmaceuticals, paints & coatings, foods & beverages, drilling fluids and personal care.

 

The global cellulose ether & derivatives market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

 

Key Insights of Cellulose Ether & Derivatives Market

  • On the basis of type, the methyl cellulose & derivatives segment captured the largest share of the global cellulose ether & derivatives market in 2021. The segment is projected to maintain its lead further in the market during the forecast period of 2022-2030.
  • On the basis of end user, the construction segment held the largest share of the global cellulose ether & derivatives market in 2021. The segment is expected to retain its dominance in the market during the forecast period of 2022-2030.
  • On the basis of region, the Asia Pacific region dominated the global cellulose ether & derivatives market in 2021. This trend is expected to continue throughout the forecast period of 2022-2030.

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

 

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