PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273263
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273263
According to Stratistics MRC, the Global Cellulose Ether & Its Derivatives Market is accounted for $6.34 billion in 2022 and is expected to reach $12.13 billion by 2028 growing at a CAGR of 11.4% during the forecast period. Cellulose ethers are polymers created through the chemical modification of cellulose. In numerous industries, cellulose ethers provide a range of tasks such as thickening, binding, water retention, soil ant re disposition, and acting as a protective colloid. Rising demand for cellulose ether and its derivatives in pharmaceuticals, personal care, foods and beverages, and paints and coatings actives is a critical factor driving market growth.
According to the Indonesian Textile Association (API) despite the global decline in the textile demand, the overall textile exports of Indonesia rose by 8% on a year-on-year basis in 2018
Because of its acceptable qualities, cellulose derivatives such as methylcellulose, hydroxypropyl cellulose, and carboxymethyl cellulose (CMC) are widely utilised to manufacture films. Cellulose has been used in food packaging applications, either alone or in conjunction with other matrix materials. In the food and beverage business, cellulose ether is employed as an adhesive agent extender in the manufacturing of jam, sugar, fruit syrup, and spicy sauce. It is also employed in various dessert preparations since it allows the tissue to be homogenous and fine, giving the treat a beautiful appearance. Other applications include ice cream stabilising agents, shape fixing agents in the preparation of lemon and grape drinks, semi-fluid edible oil, and as a film forming agent in surface treatment which encourages in the growth of the market.
Cellulose collected from trees or other plants serves as the foundational raw material for all commercial items manufactured by various cellulose manufacturing companies. The principal raw material used by cellulose ether makers is either wood pulp or cotton linter. Although the manufacture of cellulose ether does not contribute considerably to pollution, the majority of these facilities are classified as hazardous air pollutants (HAPs). Some of the principal HAPs released by cellulose ether manufacturing plants include methanol, methyl chloride, ethylene oxide, and propylene oxide. These environmental concerns slow the growth of the cellulose ethers sector and act as a restraint.
Cellulose and its derivatives are used in personal care appliances, vehicle parts, pharmaceuticals, construction materials, and electronics. Furthermore, ongoing research has resulted in the creation of novel cellulose-based products, which are projected to enhance the market. Because of its ability to make bio composites with thermoplastics, cellulose is seen as the sustainable plastic of the future. Both governments and huge corporations are encouraging the use of these composites to build robust yet sustainable good are creating wide range of opportunities in further market growth.
Cotton, recycled paper, wood cellulose, and sugarcane are among the basic materials utilised to create cellulose ether biopolymers in powder form. Cotton linter is the first raw material utilised in the production of cellulose ethers. However, causes such as extreme weather and various variables have contributed to the low production of cotton linter. Cotton linter costs have risen, affecting the profitability of cellulose ether makers in the long run. Fluctuations in the prices of these raw materials are projected to be a concern for cellulose ester makers due to downstream demand and spot availability. The cellulose ethers market is additionally impacted by high transportation costs caused by rising fuel prices, as well as higher manufacturing costs caused by growing energy expenses.
Because to the COVID-19 pandemic, the cellulose ether and derivatives industry is predicted to fall in 2020 this lethal virus has wreaked havoc on the entire world, particularly in APAC and Europe. Companies have shut down operations and manufacturing facilities to prevent the virus from spreading further, and the government has curtailed construction activities. As a result, the use of cellulose ether and derivatives has decreased across applications. COVID-19 struck China first, affecting the worldwide cellulose ether and derivatives supply chain and leading in reduced production operations across various end-use sectors. However, numerous end-use industries have begun manufacture and are projected to rebound quickly, leading in an increase in demand for cellulose ether.
The hydroxypropyl cellulose segment is estimated to have a lucrative growth, due to its use in a variety of industries, including construction, pharmaceutical, paints and coatings, and printing inks. It is widely utilised in the construction sector as a water-retention agent, binder, and thickening in a variety of applications such as tile adhesives, plaster and mortar, and cementation systems. It is used to increase the flow and workability of tile adhesives. It guarantees that the tiles and the substrate have a firm bond. It functions as a binder in plaster and mortar, increasing the strength and workability of the mix while also providing a smooth and lasting surface. (HPMC) increases the rheology, workability, and water retention qualities of cementation systems such as self-leveling flooring compounds and grouts while also extending the setting time thereby boosting the growth of the market.
The pharmaceutical segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the derivatives which are employed as dietary fibre sources, binders, emulsifiers, and rheology modifiers in tablets and syrups. MCC and nanocellulose are widely utilised as catalysts and in targeted drug delivery systems in the pharmaceutical industry. During chemical synthesis, cellulose and its derivatives achieve similar goals, which are projected to enhance market expansion further.
Asia Pacific is projected to hold the highest market share during the forecast period owing to the rising penetration of the Asian manufacturing base is likely to promote growth. The market in China is likely to rise gradually as textile manufacturing increases. This is due to expanding demand for packaged food and beverages, as well as a growing population, which is fueling expansion in the region's product market. Furthermore, increased knowledge of the health benefits of cellulose derivatives is driving up demand. The market's key players are extensively spending in research and development in order to expand their product portfolio and obtain a competitive advantage thus driving the growth of the market in this region.
Europe is projected to have the highest CAGR over the forecast period; owing to the region's personal care business is expanding significantly, to increased demand for men's care and sun protection goods. The growing demand for diverse personal care and cosmetics items in Europe has prompted production, which has contributed to product demand. The region's increased penetration of cosmetics companies has increased demand for customised hair care formulas, skin care creams, lotions, and makeup products. Furthermore, due to rising demand for applications such as mining, construction, drilling fluids in oilfields, and medicines, among others, this region has cheap labour and competitive production rates are propelling the growth of the market.
Some of the key players profiled in the Cellulose Ether & Its Derivatives Market include: DuPont, Eastman Chemical Company, Mitsubishi Chemical Corporation, Grasim, Futamura Chemical Co. Ltd, Xinjiang Zhongtai Chemical Co. Ltd, Sappi Limited, Celanese Corporation, Ashland, Daicel Corporation, Cerdia International GmbH, Nouryon, Lenzing AG, The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd, LOTTE Fine Chemicals, Rayonier Advanced Materials Inc., Shandong Head Co., Ltd, J.M. Huber Corporation and Hebei Jiahua Cellulose Co., Ltd.
In April 2023, Celanese announced agreement with Glaukos Corporation for sustained release glaucoma treatment, Glaukos' iDose® TR, a micro-invasive intraocular implant designed to lower intraocular pressure in patients with primary open-angle glaucoma or ocular hypertension.
In March 2023, Celanese announced collaboration with alessa therapeutics for the advancement of oncology treatments, the collaboration will focus on developing a localized and sustained-release drug delivery system for oncology patients that will limit systemic side effects and improve overall treatment.
In Jan 2023, Ashland announced the launch of The Natural Line for personal care products. This line is focused on promoting natural ingredients that can be easily recognized by their name, INCI description and have a defined composition.