Cellulose Ether & Derivatives Market
The global Cellulose ether & derivatives market size is projected to grow from USD 5.7 billion in 2021 to USD 8.7 billion by 2026, at a CAGR of 9.4%. The cellulose ether & derivatives market is growing due to the rise in demand from various applications, globally. The cellulose ether & derivatives market is expected to decline in 2020 due to COVID-19. However, the end of lockdown and recovery in the application sector will stimulate the demand during the forecast period.
Impact of COVID-19 on global Cellulose ether & derivatives market
The cellulose ether & derivatives market is expected to witness a decline in market in 2020 due to the COVID-19 pandemic. This deadly virus has adversely affected the entire globe, especially the APAC and European regions. To prevent the further spread of this virus, companies have shut down their operations and manufacturing facilities and government restricted the construction activities. This has led to a reduction in the consumption of cellulose ether & derivatives across applications.
COVID-19 and pre–existing regulatory issues such as protracted permitting procedures have slowed down the production of end-use industries, reducing the demand for cellulose ether & derivatives. However, the demand for cellulose ether & derivatives is expected to recover in 2021. China was the first country affected by COVID-19, disrupting the global cellulose ether & derivatives supply chain and resulting in reduced manufacturing activities across several end-use industries. However, various end-use industries have resumed manufacturing activities and are soon expected to recover from the impact, resulting in the rise in demand for cellulose ether & derivatives.
The methyl cellulose & derivatives is the fastest-growing product type segment of cellulose ether & derivatives in terms of value and volume.
The methyl cellulose & derivatives product type segment is expected to witness high growth because of the growth in the product requirements, the growth in developing economies, and the technological developments in different applications. The major properties of methyl cellulose & derivatives include high viscosity, non-toxic nature, and hypoallergenic among others. It is widely utilized in construction, pharmaceutical food & beverage, personal care, and other applications which will drive the demand during the forecast period.
The methyl cellulose & derivatives accounted for a major share in the cellulose ether & derivatives market in terms of value during the forecast period
The methyl cellulose & derivatives product type segment dominated the cellulose ether & derivatives market, accounting for the largest share of the overall cellulose ether & derivatives market in 2020. It is the most important commercial cellulose ether. It is also the simplest derivative where methoxy groups have replaced the hydroxyl groups. The most important properties of this nonionic polymer are its water solubility and its gelation when exposed to heat. Although soluble in water, films made from methyl cellulose usually retain their strength and do not become tacky when exposed to humidity. Polymer films made of methyl cellulose have excellent strength and low elongation at room temperature (75°F) but its strength decreases rapidly with increasing temperature. MC also has excellent UV, oil, and solvent resistance.
It is used for packaging products that dissolve in water like medical capsules, bubble bath, toothpastes, detergent powders, rat poison and bread dough. Other important uses of methyl cellulose & derivatives include ceramic tile adhesive and grout formulations, wallpaper adhesives, shampoos, cosmetics and a number of other products where thermal gelation, viscosity adjustment, and water solubility is required. In these formulations it functions as a thickener, binder, film former, and/or as a water retention agent.
Therefore, the rapidly growing construction, pharmaceutical, food & beverage, and personal care industries, especially in the emerging nations are expected to augment the growth of the methyl cellulose & derivatives segment.
Construction application of methyl cellulose & derivatives to dominate the cellulose ether & derivatives market
The cellulose ether & derivatives market is segmented on the basis of applications which include product type, by applications such as construction, pharmaceutical, food & beverage, personal care, paints & coatings, industrial, and others. Cellulose ethers are the premium choice of the construction industry due to the increasing consciousness regarding green chemicals. On other hand, with the advancement of living standards in society and the enhanced awareness of the living environment, health, and safety, naturally derived cellulose ethers have become the first choice to replace the conventional chemicals in the industry.
The number of challenging and huge projects of infrastructure development in the construction industry is increasing by the day. Therefore, market is witnessing significant growth in this segment and is projected to increase in future.
Rising demand in the emerging markets
The growing demand in emerging markets such as Asia Pacific, Middle East Africa & Latin America is expected to augment the growth of the global cellulose ether & derivatives market. These markets dominate the demand for cellulose ether & derivatives owing to the rapid industrialization and growth of various end-use industries. The growth of the market in these regions can be attributed to the developing economies, especially India & China.
APAC to lead the cellulose ether & derivatives during the forecast period
APAC is projected to have the largest share in the cellulose ether & derivatives and will expand significantly by 2026. This dominance is attributed to the rising demand from domestic industries in the region. The demand for cellulose ether & derivatives is growing, especially, in APAC and Latin America. The markets in these regions are expected to register high growth in comparison to other regions. The growth of the cellulose ether & derivatives market in the APAC region is also driven by high economic growth, increase in manufacturing industries, availability of cheap labour, growing end-use markets, and the global shift of production facilities from developed markets to developing markets.
APAC held the largest market share in the Cellulose ether & derivatives market
APAC dominated the global cellulose ether & derivatives market in 2020. This dominance is attributed to the rising demand from domestic industries in the region. The demand for cellulose ether & derivatives is growing, especially, in APAC and Latin America. The markets in these regions are expected to register high growth in comparison to other regions.
Shandong Meikai is a fast-growing producer of construction grade methyl cellulose & derivatives in China; we are always ready to communicate with you any cellulose ether relevant product information.
- Marketsandmarkets.com. 2022. Cellulose Ether & Its Derivatives Market Global Forecast to 2026 | MarketsandMarkets. [online] Available at: <https://www.marketsandmarkets.com/Market-Reports/cellulose-ethers-market-782.html> [Accessed 14 March 2022].
- Researchandmarkets.com. 2022. Cellulose Ether & Derivatives Market by Product Type (Methyl Cellulose & Derivatives, Carboxymethyl Cellulose, HEC, HPC, EC), Application (Construction, Pharmaceutical, Personal Care, Food & Beverage), and Region – Global Forecast to 2026. [online] Available at: <https://www.researchandmarkets.com/reports/4039726/cellulose-ether-and-derivatives-market-by-product> [Accessed 14 March 2022].
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