PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1178168
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1178168
Global Cellulose Ether and Its Derivatives Market Overview:
According to SPER Market Research, the Global Cellulose Ether and Its Derivatives Market is estimated to reach USD 15.73 billion by 2032 with a CAGR of 9.67%.
Cellulose ether is a cellulose Derivative that is employed in a variety of industries including personal care, pharmaceutical, and construction.It has a wide range of applications, including cleaning agents, paints, textiles, paper, food manufacturing, and construction materials. Cotton and wood cellulose are used in the industrial manufacturing of cellulose ether.Among other things, it is employed as a thicker binder, a water retention agent, and a protective colloid.
Impact of COVID-19 on the Global Cellulose Ether and Its Derivatives Market
The COVID-19 pandemic is anticipated to cause a drop in the market for cellulose ether and derivatives. This has resulted in a decrease in the consumption of cellulose ether and derivatives. COVID-19 and pre-existing regulatory issues, such as protracted permitting procedures, have slowed end-use industry production, limiting demand for cellulose ether and derivatives.However, numerous end-use industries have resumed manufacture and are projected to recover quickly, resulting in an increase in demand for cellulose ether and derivatives.
Scope of the Report:
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Product Type, By Application
Regions covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Companies Covered Akzonobel, Ashland, China Ruitai International Holding Co. Ltd, CP Kelco, Daicel Finechem Ltd., Dow Chemical Company, DSK Co. Ltd., Fenchem Biotek Ltd., Lotte Fine Chemicals, Reliance Cellulose Products Ltd, SE Tylose GmbH, Shandomg Head Co. Ltd, Shin-Etsu Chemical, Sichem LLC, Zhejiang Kehong Chemical Co. Ltd.
Global Cellulose Ether and Its Derivatives Market Segmentation:
By Product Type: Based on the Product Type,Global Cellulose Ether and Its Derivatives Market is segmented as;Carboxymethyl Cellulose, Methyl Cellulose and Derivatives.
By Application: Based on the Application, Global Cellulose Ether and Its Derivatives Market is segmented as; Beverages, Construction, Food, Personal Care, Pharmaceutical.
By Region: The market for cellulose ether and its derivatives was mostly dominated by APAC and Latin America. The supremacy was ascribed to the expanding demand from regional industry.