Lucintel's latest market report analyzed that methyl cellulose provides attractive opportunities in various applications, such as food & beverages, construction materials, paint & coatings, pharmaceuticals, and personal care & cosmetics. The methyl cellulose market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, carboxymethyl cellulose is the largest segment by product type, whereas construction materials is largest by application.
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Based on product type, the methyl cellulose market is segmented into carboxymethyl cellulose, hydroxyethyl methyl cellulose, hydroxypropyl methyl cellulose, and others. The carboxymethyl cellulose segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its dry mortar mixes to improve properties, such as workability, water retention, open and adjustment time, adhesion to surfaces, and viscosity.
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The Methyl Cellulose Market is marked by the presence of several big and small players. Some of the prominent players offering methyl cellulose include The Dow Chemical Company, Ashland, Sigma-Aldrich, Zhejiang Kehong Chemical, BASF, LOTTE Fine Chemical, Shin-Etsu Chemical, Reliance Cellulose Products, Will Powder, and DowDuPont.
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