According to the latest market research report “Cellulose Ethers Market Analysis: By Type (Carboxymethyl Cellulose, Methyl Cellulose, HEC, HPC, EC); Application (Food & Beverage, Personal Care, Construction, Paints, Adhesives, Pharmaceuticals) – With Forecast (2016 – 2021)”, published by IndustryARC, the global cellulose ethers market is expected to Reach USD 4.4 billion by 2021.
Browse Market Tables and Figures spread through 183 Pages and an in-depth TOC on “Cellulose Ethers Market”
Cellulose Ethers are the extracts produced from etherification process of cellulose. These are water soluble and contains polymers that facilitate the usage of ethers in various applications as stabilizing and thickening agents namely in construction products, cosmetics, pharmaceuticals and others. Cellulose Ethers market is classified on the basis of their type into Carboxymethyl cellulose(CMC), methyl cellulose(MC) & derivatives, Hydroxyethyl cellulose(HEC), Hydroxypropyl cellulose(HPC), ethyl cellulose(EC) and others.
Cellulose ethers market is classified on the basis of applications into construction, ceramic & paints, pharmaceuticals, cosmetics and personal care, food and beverages, detergents, adhesives and coatings, pulp & paper, textiles, oil field drilling and others.
The global cellulose ethers market size, in terms of value, is anticipated to reach $4.4 billion, by 2021. The high-growth application areas such as personal care, pharmaceuticals, construction, food ingredients, and continuous expansion and merger & acquisition activities undertaken by companies are key factors driving the growth of the cellulose ether & derivatives market. The global market is dominated by APAC which is poised to exhibit the fastest growth. China and India are the growth frontiers for the cellulose ethers manufacturers, providing a huge potential market to be tapped.
Cellulose Ethers have wide range of end user applications in construction, ceramic & paints, pharmaceuticals, pulp and paper, textiles, detergents and others. Among all the applications, food & beverage and construction has the highest CAGR of 3.4% and 3.6% respectively for the forecast period 2016 to 2021. Food and Beverage industry held the major share in the cellulose ethers market for 2015, accounting for almost 18%, which was followed by construction with a share of 15% during the forecast period of 2016 to 2021.
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There are different manufacturers currently who produces cellulose ethers for polymers and for disparate industry verticals, delivering properties such as thickeners, binders, film former, redispersible powder, air entrainer, hydrophobic agent, preservatives, retarder/accelerator, rheology/viscosity or water-retention agents. Carboxymethyl Cellulose (CMC) dominated the market with a share of 39% and is forecast to grow at a CAGR of 2.9% to reach $1.7bn by 2021, which is mainly attributed to the growing demand from the pharmaceutical, food and construction industry.
The overall Cellulose Ethers market is characterized by large number of companies but top three companies account for 43% market share due to the wide distribution network and brand reputation. Rapid developments in emerging countries and use of innovative products and materials in construction products, cosmetics, and pharmaceuticals industries have supported the growth of Cellulose Ethers markets. The new firms that venture into this market will need huge capital for investment in manufacturing and marketing along with offering product or pricing benefits to customers. The Cellulose Ethers market report is a comprehensive study of the market for different types, applications and geography.
The market is analyzed by the following end user areas:
- Ceramic & Paints
- Cosmetics and Personal Care
- Adhesives & Coatings
- Pulp and Paper
- Food and Beverage
- Oilfield Drilling
Following key players were also covered as part of the market landscape analysis:
- CP Kelco
- Akzo Nobel
The market has also been analyzed for four geographic regions which include North America, APAC, Europe and Rest of the World.
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