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Cellulose Ethers & Derivatives Market

Market Study on Cellulose Ethers & Derivatives: Analysing the Polymer Sector and New Emerging Technologies, PMR Foresees Various Opportunities for Cellulose Ethers & Derivatives Manufacturers on the Horizon

A Detailed Analysis of the Cellulose Ethers & Derivatives Market Based on Growing Product Portfolio, New Product Launches & Entry of New Players

Cellulose Ethers & Derivatives Market

The global cellulose ethers & derivatives market is forecast to expand at a CAGR of 9.3% and thereby increase from a value of US$7.9 Bn in 2023 to US$14.8 Bn by the end of 2030.

Attributes

Key Insights

Cellulose Ethers & Derivatives Market Size (2023E)

US$7.9 Bn

Projected Market Value (2030F)

US$14.8 Bn

Global Market Growth Rate (CAGR 2023 to 2030)

9.3%

Historical Market Growth Rate (CAGR 2018 to 2022)

7.8%

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Market Introduction and Definition

Cellulose ethers and derivatives are an essential component of the worldwide chemical sector. These chemical compounds are modified versions of cellulose, an inherent polymer present in the cell walls of plants, and demonstrate a variety of characteristics, including the ability to thicken, retain water, and form films. Cellulose ethers are essential in numerous sectors, including construction, pharmaceuticals, and food, due to their remarkable adaptability.

Water-soluble polymers are widely employed in various products, including personal care items, adhesives, and paints, as thickeners and stabilizers. The market's importance resides in its capacity to improve the functionality and caliber of final-use products, thereby enhancing the efficiency and effectiveness of an extensive range of consumer and industrial merchandise.

A number of factors propel the expansion of the global cellulose ethers and derivatives market. One of the most significant factors driving this demand is the increasing importance of these compounds in the construction sector, which utilizes them to enhance the quality of mortars, cement-based materials, and adhesives. The growing demand for environmentally benign and sustainable products contributes to the expansion of the market for cellulose ethers, which are biodegradable.

Moreover, demand is fueled by the pharmaceutical industry's reliance on cellulose ethers for drug formulation. The expanding use of the product in food products, specifically in low-fat and gluten-free formulations, drives the market's expansion. The aforementioned propelling forces synergistically contribute to the substantial growth of the worldwide cellulose ethers and derivatives market, establishing it as a crucial participant in the chemical industry.

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Market Growth Drivers

Construction Industry's Intensifying Demand

The construction industry's intensifying demand is substantially propelling the cellulose ethers and derivatives market on a global scale. The current upswing is supported by the distinctive characteristics of cellulose ethers, which have emerged as crucial components in improving the functionality and longevity of a wide range of construction materials.

Given the rapid pace of urbanization and the proliferation of infrastructure development projects on a global scale, there has never been a greater demand for inventive construction solutions. Cellulose ethers, renowned for their remarkable capacity to retain water and enhance workability, are extensively employed in cement-based materials, adhesives, and mortars. As a result, they effectively tackle significant obstacles encountered within the construction industry.

A significant contribution of cellulose ethers to the construction industry is their ability to modify rheology. By effectively regulating the viscosity and flow characteristics of cementitious mixtures, these compounds guarantee ideal workability and facilitate the application process. This is particularly critical in the context of extensive construction endeavors, where the effectiveness of material application has a substantial influence on both expenditure and schedule.

Furthermore, cellulose ethers prevent rapid water loss during the curing process by acting as water retention agents. This attribute not only serves to augment the longevity of the structures but also reduces the likelihood of fracture formation, thereby contributing to the overall durability of the constructed components. The construction industry is witnessing a paradigm shift towards more efficient and environmentally conscious practices, as evidenced by the rising demand for cellulose ethers in response to the increasing emphasis on high-performance and sustainable building solutions.

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Market Restraints

Longstanding Impact of Supply Chain Disruptions

Although the market thrives on a variety of applications, supply chain disruptions arise as a significant constraining factor. The complex supply chain implicated in the manufacturing process of cellulose ethers, which frequently traverses numerous geographical areas and incorporates a diverse array of raw materials, is vulnerable to disruptions.

Prolonged global logistics challenges, natural disasters, and geopolitical tensions are all external factors that have the potential to disrupt the manufacturing process by causing delays in the procurement of critical ingredients. Cellulose ethers are conventionally produced using wood fiber as the principal raw material.

Complex Web of Regulations that Governs Manufacturing

An enormous obstacle that the worldwide cellulose ethers and derivatives market must contend with is the complex web of regulations that govern the manufacturing, distribution, and use of these compounds. In the light of industry advancements and innovations, regulatory bodies impose ever more rigorous standards to safeguard the environment, ensure the quality of products, and protect the interests of consumers. Conquering this intricate regulatory terrain poses a significant obstacle for all parties involved in the market, ranging from producers to consumers.

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Opportunities

Increasing Adoption of Sustainable Practices in Diverse Industrial Sectors

One factor that is strategically propelling the expansion of the worldwide cellulose ethers and derivatives market is the increasing adoption of sustainable practices in diverse sectors. With the growing awareness of the ecological consequences of industrial processes, cellulose ethers have positioned themselves as crucial facilitators of environmentally sustainable solutions, thereby granting access to a myriad of prospects. There has been a substantial increase in the demand for sustainable and biodegradable materials.

Cellulose ethers that are obtained from renewable sources such as wood fiber, are an ideal fit for this emerging trend. Numerous sectors, such as construction, pharmaceuticals, and food, are proactively pursuing substitutes that not only satisfy performance criteria but also conform to rigorous environmental regulations. This has generated a conducive atmosphere for the cellulose ethers industry to flourish.

The construction sector, which is a significant consumer of cellulose ethers, has undergone a transformative transition towards sustainable building practices. With the expansion of environmental awareness and the tightening of regulations, there is a growing trend among builders and developers to select construction materials that have a reduced ecological footprint.

Cellulose ethers satisfy these requirements by virtue of their biodegradability and sourcing from renewable resources; thus, they present an attractive alternative for augmenting the sustainability aspect of construction endeavors. The opportunistic expansion of the market is additionally fueled by cellulose ethers' capacity to aid in the construction of environmentally sustainable and energy-efficient structures.

With the increasing promotion of sustainable construction practices by governments across the globe, there will be a significant surge in demand for cellulose ethers. This presents manufacturers with a profitable opportunity to align their products with the changing preferences of environmentally conscious industries.

Analyst’s Viewpoint

The worldwide market for cellulose ethers and derivatives is anticipated to experience significant expansion, propelled by a convergence of factors that emphasize their essential function in various sectors. The expansion of the construction industry, the growing inclination towards sustainable practices, and the escalating demand in the pharmaceuticals and personal care sectors are significant factors driving the market's expansion.

The construction sector emerges as a significant catalyst, wherein cellulose ethers assume a critical function in augmenting the functionality of building materials. The compounds' capacity to function as binders, water retention agents, and rheology modifiers in cement-based products establishes them as indispensable components for enhancing the workability, sustainability, and durability of construction applications.

The rapid pace of urbanization worldwide and the proliferation of infrastructure projects are anticipated to generate substantial demand for cellulose ethers, thereby establishing a resilient growth trajectory for the market. There is considerable optimism regarding the future of the market as sustainability emerges as a vital catalyst.

In conjunction with stringent environmental regulations, the drive for green and eco-friendly solutions positions cellulose ethers as essential components for industries aiming to reduce their carbon footprint. The demand for cellulose ethers is anticipated to increase steadily as industries rebound from the repercussions of the recent economic downturn and the global economy continues to recover.

The worldwide market for cellulose ethers and derivatives is experiencing consistent expansion, driven by the convergence of sustainability requirements, construction requirements, and cooperative endeavors between producers and consumers. In an array of applications where efficiency, environmental friendliness, and performance are ongoing priorities for industries, cellulose ethers are positioned to continue to be at the vanguard of facilitating these goals, thereby ensuring the market's robust and dynamic future.

Supply-side Dynamics

DowDuPont, Shin-Etsu Chemical Co. Ltd., Ashland Global Holdings Inc., and AkzoNobel are some of the dominant players steering the industry. These leaders in their respective industries sustain their competitive advantage through the utilization of robust distribution networks, extensive research and development capabilities, and strategic collaborations. Market adoption is most prevalent in the following nations: the United States, China, Germany, and India.

The construction industry in the US is a significant consumer of cellulose ethers, which are utilized in pharmaceuticals paints and coatings, among other applications. China, a prominent participant in the construction and pharmaceutical industries, contributes substantially to the expansion of the market. Germany's commitment to sustainable practices propels utilization of cellulose ethers in diverse industries, whereas market demand is fueled by India's burgeoning construction and pharmaceutical sectors.

Additionally, mergers and collaborations play a crucial role in transforming the market. Shin-Etsu Chemical Co. Ltd. reinforces its market presence and expands its global footprint through strategic alliances with key competitors. Sustainability is a top priority for Ashland Global Holdings Inc. The company was a pioneer in the development of cellulose ethers featuring enhanced environmental profiles, thereby shaping sustainability trends across the industry.

Furthermore, industry leaders are making substantial investments to improve production efficiency, guarantee supply chain stability, and comply with rigorous regulatory requirements. Their dedication to technological progress and sustainability not only impacts market trends but also establishes standards for the sector, cultivating a competitive environment that places emphasis on ingenuity, effectiveness, and ecological stewardship.

Market Segmentation

Which is the Prominent Product Type Segment of the Market?

CMC-based Products Dominant Owing to Utilization within F&B, and Pharma

In the cellulose ethers and derivatives market, carboxymethyl cellulose (CMC) segment is anticipated to hold the most significant market share. The widespread application of CMC in sectors including food and beverages, pharmaceuticals, and cosmetics, attributable to its exceptional water-binding, stabilizing, and thickening characteristics, establishes it as a significant contender in the market. Due to its adaptability and compatibility with a wide range of applications, it maintains a dominant position in the cellulose derivatives market.

It is expected that hydroxypropyl methylcellulose (HPMC) will observe the most rapid expansion rate among cellulose ethers and derivatives. A significant contributor is the rising demand for HPMC in the construction industry, specifically for applications including cement-based materials, mortars, and tile adhesives. Due to its capacity to optimize the functionality of these materials and the increasing focus on environmentally conscious and sustainable building methods, HPMC is positioned as a sector that is positioned for substantial growth in the forthcoming years.

Which is the Leading Application Category?

Construction-based Solutions Remain a Major Contributor to Market, Especially Adhesives and Mortar

It is anticipated that the construction segment will hold the most substantial market share within the cellulose ethers and derivatives market among the segments mentioned. The extensive utilization of cellulose ethers in construction materials, including adhesives, mortars, and cement-based products, is a significant market contributor on account of their rheological and water retention characteristics.

The expanding worldwide construction sector, propelled by urbanization and infrastructure development, reinforces the cellulose ethers' pre-eminence in this industry. The pharmaceutical sector is anticipated to witness the most rapid expansion among all segments of the cellulose ethers and derivatives industry. This expansion is primarily attributable to the expanding use of cellulose ethers in pharmaceutical formulations, which is fueled by their function as binders, disintegrants, and viscosity modifiers in the production of drugs.

Furthermore, the increased demand for sustainable and biodegradable pharmaceutical constituents and the pharmaceutical industry's emphasis on developing patient-friendly dosage forms both contribute to the accelerated growth of cellulose ethers in this market segment.

Top Regional Markets

North America Registers the Maximum Uptake for Construction, Pharma, and Personal Care Applications

The region of North America is positioned to hold the largest market share in the worldwide cellulose ethers and derivatives industry. Various factors collectively contribute to the region's market leadership, which explains this dominance. To begin with, cellulose ethers are in high demand nationwide in North America, specifically in the US, and Canada, due to their widespread use in construction, pharmaceuticals, personal care, and other technologically advanced sectors.

The region's resilient economic expansion and ongoing commitment to research and development serve as additional catalysts for innovation, facilitating the integration of cellulose ethers across diverse industries. Furthermore, the implementation of environmentally sustainable practices has been expedited in North America due to the implementation of rigorous environmental regulation.

Construction Sector’s Expansion Provides Tailwinds to Asian Markets

It is anticipated that South Asia, and Oceania will witness the most rapid expansion of the worldwide cellulose ethers and derivatives market. The expansion can be ascribed to a number of pivotal factors that have influenced the regional economic environment. Construction materials, including cellulose ethers, are in high demand due to the rapid urbanization and infrastructural development occurring in Southeast Asian countries such as India.

Population growth and rising disposable income in these regions contribute further to the expansion of industries that utilize cellulose ethers for various purposes, including pharmaceuticals, personal care, and food and beverages. South Asia, and Oceania are concurrently observing a transition towards environmentally sustainable practices, which is consistent with the worldwide trend.

Competitive Intelligence and Business Strategy

In order to secure and augment their market share, the major participants in the cellulose ethers and derivatives industry, such as DowDuPont, Shin-Etsu Chemical Co. Ltd., Ashland Global Holdings Inc., and AkzoNobel, implement strategic initiatives. A significant approach employed by market leaders is an unwavering dedication to research and development (R&D) and innovation. For example, DowDuPont makes substantial investments in the development of advanced cellulose derivatives that possess improved functionalities in order to meet the changing demands of the industry. Not only does this dedication to innovation enable businesses to distinguish their products, but it also guarantees their continued dominance in a swiftly evolving market.

Maintaining a resilient and effective supply chain is critical for companies that dominate their respective industries. By making investments in the optimization of their production processes, these businesses ensure a steady supply of cellulose ethers. By virtue of this efficiency, they are not only capable of satisfying the growing demand but also secure a competitive advantage in terms of dependability and cost-effectiveness.

To summarize, the market leaders in cellulose ethers implement a comprehensive strategy that integrates sustainability, collaboration, innovation, supply chain efficiency, and global expansion in order to maintain and augment their market dominance. Through their commitment to remaining updated on technological developments and industry trends, these businesses establish themselves as frontrunners in a dynamic and fiercely competitive environment.

Key Recent Developments

New Product Line

Ashland commenced measures in January 2022 to enhance its manufacturing capacities in Belgium for Benecel cellulose ethers. The objective of this initiative is to increase the organization's manufacturing capacity by over 50% by 2023 in order to meet the escalating need for cellulose ether and its derivatives in the fields of pharmaceuticals and nutrition.

Market Impact: The strategic move by Ashland to augment its Benecel cellulose ether manufacturing capabilities in Belgium is anticipated to yield substantial favorable consequences for the international market. Ashland is strategically positioning itself to meet the rising demand for cellulose ethers and derivatives, specifically in the pharmaceuticals and nutrition industries, by increasing its manufacturing capacity by more than 50 percent by 2023. This advancement not only caters to the increasing requirements of these critical sectors but also enhances the stability and growth of the worldwide cellulose ethers industry, guaranteeing a dependable supply to satisfy the ever-changing demands of the market.

(Source: Ashland)

New Product Launch

Nouryon declared the launch of Bermocoll FLOW cellulose ether in April 2022. The novel product exhibits exceptional resistance to sagging and spattering. It is suitable for use in airless aerosol applications and paint formulations. The product is intentionally engineered to be an environmentally friendly substitute due to its minimal volatile organic compound (VOC) content.

Market Impact: The April 2022 introduction of Bermocoll FLOW cellulose ether by Nouryon is anticipated to have a substantial and favorable effect on the international market. The extraordinary resistance of the novel product to sagging and spattering effectively tackles significant challenges encountered in airless aerosol applications and paint formulations. Moreover, its deliberate engineering as a sustainable alternative, distinguished by a low concentration of volatile organic compounds (VOCs), corresponds to the sector's increasing focus on environmental friendliness. This contributes to a more compliant and environmentally aware environment in the worldwide cellulose ethers market.

(Source: International Paints and Coatings Magazine)

Cellulose Ethers & Derivatives Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Product Type
  • Application
  • Region

Key Companies Profiled

  • The Dow Chemical Company
  • Shin-Etsu Chemical Co., Ltd
  • LOTTE Fine Chemicals
  • Rayonier Advanced Materials Inc.
  • Shandong Head Co., Ltd
  • Nouryon Chemical Holdings B.V
  • Colorcon
  • J.M. Huber Corporation
  • J. RETTENMAIER SOHNE GmbH + Co KG
  • FENCHEM

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

Cellulose Ethers & Derivatives Market Research Segmentation

By Product Type:

  • Methyl Cellulose & Derivatives
  • Carboxymethyl Cellulose
  • Hydroxypropyl Methyl Cellulose
  • Hydroxyethyl Cellulose
  • Others

By Application:

  • Construction
  • Pharmaceutical
  • Personal Care
  • Food & Beverages
  • Paints & Coatings
  • Others

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • The Dow Chemical Company
  • Shin-Etsu Chemical Co., Ltd
  • LOTTE Fine Chemicals
  • Rayonier Advanced Materials Inc.
  • Shandong Head Co., Ltd
  • Nouryon Chemical Holdings B.V
  • Colorcon
  • J.M. Huber Corporation
  • J. RETTENMAIER SOHNE GmbH + Co KG
  • FENCHEM

- Frequently Asked Questions -

The current market size is approximately US$7.9 billion as of 2023-end and is projected for a CAGR of 9.3% during the projected period.

The market benefits as cellulose ethers find extensive use in construction materials, enhancing properties like water retention and workability, thus supporting the booming construction sector.

The pharmaceutical industry drives demand through the use of cellulose ethers in drug formulations, providing controlled release, stability, and improved viscosity in various pharmaceutical applications.

Some of the prominent players include The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd, LOTTE Fine Chemicals, Rayonier Advanced Materials Inc., and Shandong Head Co., Ltd.

The US currently leads to contribute the largest revenue share.

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