Dublin, December 6, 2021 (GLOBE NEWSWIRE)-"By product type (methyl cellulose and derivatives, carboxymethyl cellulose, HEC, HPC, EC), application (construction, pharmaceutical, personal care, food And Beverages) and Regions-Global Forecasts to 2026" report has been added to ResearchAndMarkets.com's products.
The global cellulose ethers and derivatives are expected to grow from USD 5.7 billion in 2021 to USD 8.7 billion in 2026, with a compound annual growth rate of 9.4% during the forecast period.
The growing demand from various end-use applications is mainly driving the growth of the market. Cellulose ethers and their derivatives are used in construction, pharmaceuticals, personal care, food and beverages, paints and coatings, and various other applications. However, the negative impact of the COVID-19 pandemic on the end-use industry has adversely affected the cellulose ether and derivatives market.
In terms of value and quantity, methyl cellulose and its derivatives are the fastest growing part of the product type among cellulose ethers and derivatives.
Due to the growth of product demand, the growth of developing economies, and the technological development of different applications, it is expected that methyl cellulose and its derivative product types will experience rapid growth. The main characteristics of methyl cellulose and its derivatives include high viscosity, non-toxic properties and hypoallergenic properties. It is widely used in construction, medical food and beverages, personal care and other applications that will drive demand during the forecast period.
Pharmaceutical applications leading the market segment of hydroxypropyl cellulose (HPC) product types in 2020
It is expected that the demand for HPC from pharmaceutical applications will increase during the forecast period. The product is widely used as a thickener, tackifier, filler, disintegrant, taste masking agent, coating agent and gelling agent in the pharmaceutical industry. These are mainly used in the formulation of health products. These compounds play an important role in osmotic drug delivery systems, bioadhesives, dosage forms, mucosal adhesives, and compressed tablets.
With the vigorous development of the global pharmaceutical industry, the demand for HPC for pharmaceutical applications is expected to increase. With the development of the industry, due to the increase of diseases, accidents, the elderly population and health awareness, the demand for hydroxypropyl cellulose in medical applications will also increase. Therefore, the demand for HPC in pharmaceutical applications will surge in the next few years.
The Asia-Pacific region will lead cellulose ethers and derivatives during the forecast period
The Asia-Pacific region is expected to have the largest share of cellulose ethers and derivatives, and it will significantly expand by 2026. This dominance is attributed to the growth of domestic industrial demand in the region. The demand for cellulose ethers and derivatives is growing, especially in the Asia-Pacific region and Latin America.
Compared with other regions, the market in these regions is expected to achieve rapid growth. The growth of the cellulose ether and derivatives market in the Asia-Pacific region is also driven by rapid economic growth, increased manufacturing, supply of cheap labor, growing end markets, and the global shift of production facilities from developed markets to developing markets.
Methyl cellulose and its derivatives will lead the cellulose ether and derivatives market in 2020
Construction applications dominate the methylcellulose and derivatives market in 2020
China will lead the cellulose ether and derivatives market during the forecast period
Asia Pacific leads the cellulose ether and derivatives market in 2020
High demand in the end-use industry drives the development of the cellulose ether and derivatives market
Carboxymethyl cellulose product types dominate the overall market
The construction industry sector leads the application demand of methyl cellulose and its derivatives
The Chinese market will grow at the highest compound annual growth rate during the forecast period
Sustainable product because it is derived from wood
Growing applications in the terminal industry
Increase the use of carboxymethyl cellulose in small flotation processes
HAP (Hazardous Air Pollutant) emissions during production
Growth of terminal industries in emerging economies
The emergence of alternatives in various applications
Water retention problems in cellulose ether due to external factors
Hebei Jiahua Cellulose Co., Ltd.
J. RETTENMAIER SOHNE GmbH + Co KG
Nouryon Chemical Holdings Limited
Zibo Hailan Chemical Co., Ltd.
For more information about this report, please visit https://www.researchandmarkets.com/r/4a5a1z
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