Cellulose Ethers Market Overview
Cellulose Ethers are polymers derived from chemical modification of cellulose via etherification with several substituents. Cellulose Ethers find a wide range of applications in pharmaceutical products, textile, construction products, ceramic & paints, food, cosmetics, and oilfield drilling. The global Cellulose Ethers market generated revenue of $3,641.70 million in 2017.
Cellulose Ethers Market Outlook
Cellulose ethers play various roles such as thickeners, binders, film forming agents, lubricators, water retentioners, and more, in various end user industries. The global cellulose ethers market is set to experience a substantial growth owing to the strong demand from the end user segments across the world. The APAC region is the major shareholder with more than 36% share in the global cellulose ethers market owing to the rapid urbanization and increase in population.
Cellulose Ethers Market Growth Drivers
Owing to the growing consumer awareness about bio-based products and declining feedstock prices, there is a strong demand for cellulose ethers from the food & beverage and construction industries. This trend is expected to continue over the next couple of years.
Cellulose Ethers Market Challenges
The main raw material used for making cellulose ethers is cotton linter. However, factors such as reduction in plant area, severe weather conditions and other factors have contributed to the low production of cotton linter. Owing to this, the price of cotton linter has increased, and ultimately affected cellulose ethers manufacturers’ margins.
Cellulose Ethers Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Cellulose Ethers market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cellulose ethers, and their specific applications in different end use industries.
Cellulose Ethers Report: Industry Coverage
Cellulose Ethers Types: Carboxymethyl Cellulose (CMC), Methyl Cellulose (MC) & Derivatives (MC&D), Hydroxyethyl Cellulose (HEC), Hydroxypropyl Cellulose (HPC), Ethyl Cellulose (EC), Others
Applications area of cellulose ethers: Construction, Ceramic Processing, Adhesives, Pharmaceuticals and Healthcare, Cosmetics and Personal Care, Food and Beverage, Household Products, Textiles, and Others
The Cellulose Ethers report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Argentina, Colombia, Rest of South America
- Europe: The U.K., Germany, France, Italy, Spain, Rest of Europe
- APAC: China, Japan, Australia, South Korea, India, Rest of APAC
- Rest of the World: Middle East and Africa
Cellulose Ethers Market Key Players Perspective
DowDupont, Ashland, Shin Etsu, Lotte, and Elkem AS are the major cellulose ether producers.
Cellulose Ethers Trends
- China is the largest producer and consumer of cellulose ethers in the world. One third of the global cellulose ether global capacity is in China, mainly distributed in Shandong, Hebei, Chongqing, Jiangsu, Zhejiang, and Shanghai.
- AkzoNobel, one of the major cellulose ether producers, is set to sell its cellulose ether business that falls under its specialty chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion.
- Cellulose Ethers are bio-based products. In the wake of growing public interest as well as stringent regulations, the use of cellulose ether in personal care and foods products is forecast to increase.