According to a recent report by Reports and Data, the global cellulose ether market is expected to achieve a value of USD 9.76 billion by 2028. Cellulose ether is manufactured using wood fiber or refined short cotton fiber as the primary raw material by chemical treatment and reaction with etherifying agents such as chlorinated ethylene, chlorinated propylene, and oxidized ethylene.
The demand for cellulose ether is predicted to grow in the construction and food & beverages sectors in the forecast period. The application of cellulose ether as a binder, stabilizer, thickener, film former, and water-retaining agent, among others, is crucial for various construction activities. Methyl cellulose is an odorless, nontoxic, and tasteless sturdy material, making it suitable for food packaging adhesives. It is also a beneficial thickening agent for water-soluble adhesives as it can form high-viscosity solutions at very low concentrations.
The increase in oil and rig drilling activities is also anticipated to drive demand for cellulose gum in the coming years. CMC sodium salt, produced by reacting natural cellulose with monochloroacetic acid and sodium hydroxide, is mainly used as a drilling fluid additive for fluid-loss control.
However, the availability of substitutes such as guar gum, used in the food & beverage industry and as thickeners in paints & coatings, may impede market growth in the forecast period. Furthermore, the emission of various harmful pollutants into the environment may also restrain market growth.
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Some key findings from the report include:
- Carboxymethyl cellulose (CMC) had the largest market share in 2020 and is expected to maintain its position with a growth rate of 6.2% in 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.
- The food & beverages industry is forecasted to grow at the fastest rate in the forecast period, mainly due to the rise in disposable income in developing countries and the consequent increase in processed food consumption.
- The Asia Pacific region dominated the market in 2020 and is expected to grow at a rate of 6.2% in the forecast period. This is primarily due to significant consumption of cellulose ether in the food & beverages, pharmaceuticals, and cosmetics industries in the region.
- Key market players include 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 report segmented the global cellulose ether market on the basis of product type, form, applications, and region.
Cellulose Ether Market: Drive factors
The cellulose ether market is expected to grow and reach USD 9.76 Billion by 2028, driven by various factors such as the increasing use of cellulose ether in the construction and food & beverages industry, particularly as thickeners, binders, stabilizers, film formers, and water-retaining agents. Additionally, the growth in oil and rig drilling activities is anticipated to create demand for cellulose gum in the upcoming years.
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 of cellulose ether held the largest market size in 2020 and is projected to have a modest growth rate in the forecast period. The food & beverages industry is expected to grow at the fastest rate in the forecast period owing to a rapid increase in the consumption of processed food. 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.
However, the growth of the cellulose ether market may be hampered by the availability of substitutes such as guar gum, which is used in the food & beverage industry and as thickeners in the production of paints & coatings. Additionally, the emission of harmful pollutants in the environment may also restrain market growth.
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