Cellulose ethers are generated from alkaline cellulose when
converted after the extraction of cellulose from cotton or wood by washing with
water, drying and grinding. Cellulose ethers are white bulky solids that form
clear, hygroscopic films. Cellulose ethers are made by treating cellulose with
concentrated sodium hydroxide followed by etherification with one or more
reagents such as methyl chloride, ethyl chloride, ethylene oxide or propylene
oxide. Moreover, cellulose ethers are used in many industries such as
pharmaceuticals & personal care, textiles, construction and chemicals due
to their properties like solubility, moisture absorption, thickening, binding
and water retention.
Market insights
The global cellulose ether market was sized over USD 4.75
billion in 2016. The global cellulose ether market is projected to grow with a
CAGR of 6.26% during 2018-2024 and reach USD 7.67 billion by 2024. Growing
demand for cellulose ether products owing to their unique properties such as
water solubility, binding, water retention, surface activity, emulsification,
and PH stability is the key factor driving the cellulose ether market across
the globe. Moreover, the high availability of raw materials required for the
production of cellulose ethers, as well as low cost of production, will drive the
cellulose market globally. Furthermore, increasing demand for cellulose ethers
owing to their applications such as pharmaceutical & personal care,
chemicals, detergents, and pulp & paper will drive the global cellulose
market over the forecast period. However, falling prices of guar gum which is
used as a substitute over to cellulose ether in the foods & beverages the industry as well as nonionic thickeners which are being used in formulations of
paints & coatings as an alternative to cellulose ether are the prime factors
restraining the growth of the global cellulose ether market. Nevertheless, growing
demand for cellulose ether in aqueous solutions owing to its properties such as
surface activity which makes it act as a stabilizer as well as a thickener and
growing technological developments as well as increasing consumer awareness
will bring more opportunities to the global cellulose ether market over the
forecast period.
Segments covered:
The report segments the cellulose ether market by product
type, by application, and by region. The global cellulose ether market based on
product type is segmented into ethyl cellulose, methyl cellulose, carboxyl
cellulose, hydroxyl propyl methyl cellulose, and hydroxyl ethyl methyl
cellulose. Based on application the global cellulose ether market is segmented
into sodium carboxymethylcellulose, methylcellulose, and derivatives,
hydroxyethylcellulose, and derivatives, ethylcellulose, hydroxypropyl
cellulose.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Latin America and Rest of the World. In this section, the key trends and market size for each geography is provided over the period of 2018 – 2024.
Figure 2: Global Cellulose Ether Market by Region
Among the geographies Asia
Pacific dominates the global cellulose ether market in terms of production and
is anticipated to continue its dominance due to the presence of emerging economies
such as India, China, Taiwan, and South Korea. Moreover, Asia Pacific cellulose
ether market is likely to witness the highest CAGR growth rate over the forecast
period due to rapid industrialization, presence of high pharmaceuticals
industries and increasing production of cellulose ethers due to availability of
cheap labors in the region. Europe is the second major regional market in terms
of consumption and production and due to the presence of major cellulose ether
producers in the region. However, Europe cellulose ether market is expected to
grow at a moderate rate due to market saturation as major producers are
shifting towards emerging economies of Asia Pacific owing to the availability of
cheap labors and raw material. Nevertheless, North America cellulose ether the market is expected to grow at a significant rate due to increasing demand for
cellulose ether from various end user applications such as construction, food
& beverages, surface coating, and cosmetics & personal care. The Middle East the region from RoW cellulose ether market is also likely to witness a substantial
growth due to the increasing demand of cellulose ethers from chemicals, oil & gas
and cosmetics & personal care industries over the forecast period.
Companies Profiled:
The companies covered in the report include The Dow Chemical
Company, Ashland Inc., Akzo Nobel N.V, Shin-Etsu Chemical Company, Zhejiang
Kehong Chemical Company Ltd., Daicel FineChem Ltd., Reliance Cellulose Products
Ltd., Fenchem Biotek Ltd., CP kelco and China Ruitai International Holdings Co.
Ltd.
Report Highlights:
The report provides deep insights on demand
forecasts, market trends, and micro and macro indicators. In addition, this
report provides insights into the factors that are driving and restraining the
demand for cellulose ether globally as well as regionally. Moreover, IGR-Growth
Matrix analysis given in the report brings an insight into the investment areas
that existing or new market players can consider. The report provides insights
into the market using analytical tools such as Porter’s five forces analysis
and value chain analysis of the cellulose ether market.
Moreover, the study highlights current
market trends and provides forecast from 2018 to 2024. We also have highlighted
future trends in the cellulose ether market that will impact the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Additionally, the analysis highlights the rise and fall in the market shares of the
key players in the market. This report will help manufacturers, suppliers, and
distributors of the cellulose ether market to understand the present and future
trends in this market and formulate their strategies accordingly.
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