Cellulose Ether & Derivatives Market: Current Analysis and Forecast (2022-2028)

Report Description

Global Cellulose Ether & Derivatives Market was valued at more than USD 5.7 billion in 2021 and is expected to grow at a CAGR of around 6% from (2022-2028). Cellulose ethers are water-soluble polymers derived from cellulose, the most abundant natural polymer. For a long time, these products have played a significant role in a host of applications in various industries such as construction, paints & chemicals, food & beverage, cosmetics, and healthcare. In recent years, the demand for cellulose ether & derivatives has risen dramatically owing to the soaring application of cellulose ether & derivates in the chemical industry as cellulose ether & derivatives help in thickening, emulsifying, water retention, and improved stability, making them ideal additives in the industry. Furthermore, key producers in the chemical industry are planning to invest in expanding their business across new areas to produce more amount of cellulose. For instance, in May 2021, Rayonier Advanced Materials announced a strategic investment in Anomera Inc., which produces the highest quality Cellulose Nanocrystals under the brand names, DextraCel, ChromaPu, and ChromAllur. Anomera represents a new cellulosic technology platform for future growth. This investment is expected to offer a new platform to expand its business to new areas.

Some of the major players operating in the market include The Dow Chemical Company, Fenchem, LOTTE Fine Chemicals, Shandong Head Co. Ltd, Shin-Etsu Chemical Co. Ltd, Ashland Global Holdings Inc., Lamberti S.p.A., J.M. Huber Corporation, DKS Co. Ltd, J. RETTENMAIER SOHNE GmbH + Co KG.

Insights Presented in the Report

“Amongst product type, methylcellulose category to witness the highest CAGR during the forecast period”

Based on product type, the market is segmented into methylcellulose (MC), hydroxypropyl methylcellulose (HPMC), hydroxymethyl methylcellulose (HMC), carboxymethyl cellulose (CCC) hydroxyethyl cellulose (HEC), ethyl cellulose (EC), hydroxypropyl cellulose (HPC). The methylcellulose category is to witness the highest CAGR during the forecast period. As methylcellulose is a white, odorless, tasteless powder that is soluble in cold water and forms a gel-like substance when heated. So, methylcellulose can be used as thickeners, emulsifiers, and stabilizers in various industries such as food & beverage, pharmaceutical, cosmetic, and other industries. Also, it is a safe, and non-toxic ingredient which in turn increases the growth of the cellulose ether & derivatives market.

“Amongst end-user, the construction category is to witness higher adoption of cellulose ether & derivatives during the forecast period”

Based on end-user, the cellulose ether & derivatives market has been classified into foods & beverages, construction, paints & coatings, oilfield applications, pharmaceuticals, personal care & detergents. The foods & beverages category is to witness the highest adoption of cellulose ether & derivatives during the forecast period. This is mainly due to the use of cellulose ethers and derivatives as thickening agents in various food & beverage products such as sauces, soups, and juices to improve their texture and viscosity. Additionally, it is also used as an emulsifier to improve the stability and homogeneity of emulsions in various food & beverage products such as mayonnaise and salad dressings. Further, cellulose is a naturally occurring polymer derived from plant fibers, making cellulose ethers and derivatives environmentally friendly and renewable, contributing to the sustainability of the food & beverage industry.

“Asia-Pacific anticipated to grow at a substantial CAGR during the forecast period”

In 2021, Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing consumer concern towards bio-based products coupled with the growing adoption of cellulose ether & derivatives in the construction, pharmaceutical, and other sectors within the region. As, bio-based products produced by cellulose ether & derivatives have many advantages for the environment such as sustainability, renewable sourcing, and reduced environmental impact. That will increase the demand for cellulose ether & derivatives in industries such as construction, pharmaceutical, food & beverage, and others. Moreover, major players in the market are working towards launching new products of cellulose in the market to expand their business portfolios. For instance, in April 2022, Nouryon launched its new Bermocoll FLOW cellulose ether. The new product can combine the flow and leveling properties of a synthetic thickener with the stabilizing properties of a cellulose thickener. The product is primarily designed for use in low-volatile organic compound (VOC) paint formulations along with airless spray applications.

Cellulose Ether & Derivatives Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global cellulose ether & derivatives market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team

Research Methodology

Research Methodology for the Cellulose Ether & Derivatives Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global cellulose ether & derivatives market were the three major steps undertaken to create and analyze the adoption of cellulose ether & derivatives in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global cellulose ether & derivatives market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the cellulose ether & derivatives market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the cellulose ether & derivatives market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the cellulose ether & derivatives market. Further, we conducted factor analysis using dependent and independent variables such as various product types, end-users of cellulose ether & derivatives. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the cellulose ether & derivatives market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global cellulose ether & derivatives market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the cellulose ether & derivatives market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global cellulose ether & derivatives market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global cellulose ether & derivatives market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, and end-user in the global cellulose ether & derivatives market.

The main objective of the Global Cellulose Ether & Derivatives Market Study

The current & future market trends of the global cellulose ether & derivatives market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the cellulose ether & derivatives market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product type and end-user.
• Define and analysis of the regulatory framework for the cellulose ether & derivatives
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the cellulose ether & derivatives market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the cellulose ether & derivatives market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team