February 15, 2023 09:07 ET | Source: Polaris Market Research & Consulting LLP Polaris Market Research & Consulting LLP
New York, NY, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Cellulose Ether & Derivatives Market Share, Size, Trends, Industry Analysis Report, By Type (Carboxymethyl Cellulose, Hydroxypropyl Cellulose, Methyl Cellulose, Hydroxyethyl Cellulose, Ethyl Cellulose); By End-Use; By Region; Segment Forecast, 2022 - 2030” in its research database. hydroxypropyl methylcellulose safe
According to the research report, the global cellulose ether & derivatives market size & share was valued at USD 5.85 billion in 2021 and is expected to reach USD 12.79 Billion By 2030, growing at a CAGR of 9.5% during the forecast period.
How Big is Cellulose Ether & Derivatives Market Size & Share?
Cellulose ether and derivatives are largely utilized in the construction industry. Cellulose ethers are defined as polymers that are derived from the chemical modification of cellulose. They perform different functions such as binding, water retention, thickening, and soil and redisposition. Due to its superb mechanical and physical properties, cellulose ethers are used in a variety of applications in many industries such as construction, pharmaceutical, personal care, food & beverages, and paints & coatings.
Other important properties of cellulose ethers include viscosity in solution, solubility, surface activity, and thermoplastic film characteristics, as well as stability against heat, biodegradation, hydrolysis, and oxidation. A surge in demand for cellulose ether and derivatives in the construction industry is anticipated to drive the cellulose ether and derivatives market size during the forecast period.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
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What Does the Market Report Include?
Some of the Top Market Players Are:
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These products are used in applications like cleaning agents, textiles, paper, paints, food production, and construction materials, which are fueling the market demand. Increasing use of cellulose ether & derivatives by the food and beverages industry in products such as sauces, sweeteners, baked foods, and creams is propelling the market growth. Rise in demand for these products in personal care products and the pharmaceutical industry is expected to create growth opportunities in the cellulose ether and derivatives market. Moreover, growing urbanization and industrialization globally accelerate the demand for cellulose ether & derivatives. In addition, the rising population, and increasing inclination toward sustainable products boost the cellulose ether and derivatives industry expansion.
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Recent Trends Influencing the Market
Increasing demand for personal care products to boost the market expansion
Based on type, the methylcellulose category dominated the market in 2021. Methyl cellulose ether is primarily used for commercial applications. Due to its characteristics, it is widely used in applications such as water solubility and excellent UV and solvent resistance. Is it utilized in the production of paints, dyes, inks, and adhesives. Also, growing investment in research and development, an increase in the disposable income of consumers, and technological advancements are expected to boost segment growth of the cellulose ether and derivatives market during the foreseen period.
On the basis of end-use, the construction category captured the major market share in 2021. Cellulose ether is used in the construction sector to improve mortar properties such as strength, water retention, processability, and consistency. Cellulose ether & derivatives are also employed in the production of paints and, coatings, and adhesives, among others. Further, the rising development of residential and commercial buildings and growing demand for sustainable products are the key market trends expected to bolster segment growth in the coming years.
Cellulose Ether & Derivatives Market: Report Scope
By geography, in 2021, Asia Pacific held the largest market share in the cellulose ether and derivatives market owing to the surge in population and rise in industrialization. The presence of key market players, growing demand from the food and beverage industry, and the rise in the construction sector are the key factors contributing to the market growth in the region.
Furthermore, increasing innovation and technological developments are predicted to growth opportunities in the market. In addition, the increasing application of cellulose ether & derivatives in personal care products, textile, and pharmaceutical industries is estimated to positively influence the industry.
Browse the Detail Report “Cellulose Ether & Derivatives Market Share, Size, Trends, Industry Analysis Report, By Type (Carboxymethyl Cellulose, Hydroxypropyl Cellulose, Methyl Cellulose, Hydroxyethyl Cellulose, Ethyl Cellulose); By End-Use; By Region; Segment Forecast, 2022 - 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/cellulose-ether-derivatives-market
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Important Questions Answered by Report
Polaris Market Research has segmented the cellulose ether & derivatives market report based on type, end-use, and region:
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