A new report by Reports and Data has projected that the global cellulose ether market will reach USD 9.76 billion by 2028. Cellulose ether is made from wood fiber or refined short cotton fiber as the primary raw material through chemical treatment and reaction with etherifying agents such as chlorinated ethylene, chlorinated propylene, and oxidized ethylene.
The increasing usage of cellulose ether in the construction and food & beverages industry is expected to boost the market demand during the forecast period. Cellulose ether is a crucial ingredient in various construction activities as it acts as thickeners, binders, stabilizers, film formers, and water retaining agents. Methyl cellulose, for example, is entirely nontoxic, odorless, tasteless, and a strong material, making it an ideal adhesive for food packaging.
Additionally, the growth of oil and rig drilling activities is expected to increase demand for cellulose gum. A drilling fluid additive is primarily used for fluid-loss control, and it is produced by reacting natural cellulose with monochloroacetic acid and sodium hydroxide to form CMC sodium salt.
However, the availability of substitutes such as guar gum and the emission of harmful pollutants into the environment may hinder the market growth during the forecast period.
The report indicates that carboxymethyl cellulose (CMC) held the largest market share in 2020 and is expected to maintain its market leadership over the forecast period. The powdered form held the largest market size in 2020 and is projected to have a modest growth rate during the forecast period.
The Asia Pacific region contributed to the largest market share in 2020 and is expected to grow at a rate of 6.2% during the forecast period, owing to the significant consumption of cellulose ether in food & beverages, pharmaceuticals, and cosmetics industries in the region.
The report also lists some of the key participants in the market, including The DOW Chemical Company, AkzoNobel, Ashland Inc., Daicel Finechem Ltd., Lotte Fine Chemicals, DKS Co. Ltd., CP Kelco, FenChem Biotech Ltd., Samsung Fine Chemicals, and Reliance Cellulose Products Ltd., among others.
The global cellulose ether market has been segmented based on product type, form, applications, and region. The product type outlook includes Ethyl Cellulose (EC), Carboxymethyl Cellulose (CMC), Methyl Cellulose (MC), Hydroxyethyl Cellulose (HEC), Hydroxypropyl Cellulose (HPC), and Others. The form outlook includes Powdered Form, Granular Form, and Others. The applications outlook includes Construction, Paints, Adhesives, Healthcare, Cosmetics, Food & Beverages, Textiles, and Others. Finally, the regional outlook includes North America, Europe, Asia Pacific, Latin America, and MEA.
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Cellulose Ether Market: Drive factors
The cellulose ether market is expected to grow significantly in the forecast period due to various driving factors. The increasing use of cellulose ether in the construction and food & beverages industry is a significant factor that is expected to stimulate the market demand. Cellulose ether is used as a thickener, binder, stabilizer, film former, and water retaining agent in construction activities, making it a crucial material. Additionally, methyl cellulose, a sturdy and non-toxic material, is used as a food packaging adhesive due to its high viscosity solutions at low concentrations.
Moreover, growth in the oil and rig drilling activities would create an increase in demand for cellulose gum in the upcoming years. It is mainly used for fluid-loss control in drilling fluids. Carboxymethyl cellulose (CMC) held the largest market share in 2020 and is expected to maintain its market leadership over the forecast period. The powdered form held the largest market size in 2020 and is projected to have a modest growth rate in the forecast period.
Furthermore, the Asia Pacific region contributed to the largest market share in 2020 and is expected to grow at a rate of 6.2% in the forecast period. This dominance in the market is due to the considerable consumption of cellulose ether in food & beverages, pharmaceuticals, and cosmetics industries in the region. However, the market growth may be hampered by the availability of substitutes such as guar gum and the emission of harmful pollutants in the environment.
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