Cellulose Ether Market Size Worth USD 3.87 Billion By 2032
According to a new report by Reports and Data, the global cellulose ether market is expected to reach USD 3.87 Billion by 2032. Cellulose ether is produced by chemical treatment and reaction of etherifying agents with wood fiber or refined short cotton fiber, such as chlorinated ethylene, chlorinated propylene, and oxidized ethylene.
The increasing use of cellulose ether in the construction and food & beverages industry is expected to drive market demand in the forecast period. It is used as thickeners, binders, stabilizers, film formers, and water retaining agents in various construction activities. Methyl cellulose, for example, is entirely nontoxic, odorless, tasteless, and a proper adhesive for food packaging. Cellulose ether is also used as a thickening agent in water-soluble adhesives.
Growth in the oil and rig drilling activities is expected to increase demand for cellulose gum in the upcoming years. The drilling fluid additive is mainly used for fluid-loss control and is produced by reacting natural cellulose with monochloroacetic acid and sodium hydroxide to form CMC sodium salt.
Get a sample copy of the cellulose ether market report: https://www.reportsanddata.com/download-free-sample/1553
industry and also as thickeners that are being used in the production of paints & coatings as a substitute to cellulose ether, may hamper the growth of the market in the forecast period. The emission of various harmful pollutants in the environment may also restrain market growth.
The report further suggests that carboxymethyl cellulose (CMC) held the largest market share in 2020 and is expected to maintain its market leadership over the forecast period with a growth rate of 6.2%. 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 expected to grow at the fastest rate in the forecast period due to a rapid increase in the consumption of processed food, mainly attributed to the rise in the level of disposable income of people in developing countries.
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, owing to the considerable consumption of cellulose ether in the food & beverages, pharmaceuticals, and cosmetics industries in the region.
Key participants in the market include:
- The DOW Chemical Company
- Ashland Inc.
- Daicel Finechem Ltd.
- Lotte Fine Chemicals
- DKS Co. Ltd.
- CP Kelco
- FenChem Biotech Ltd.
- Samsung Fine Chemicals
- Reliance Cellulose Products Ltd.
The global cellulose ether market has been segmented by Reports and Data based on product type, form, applications, and region. The report provides detailed market analysis of each segment, including volume and revenue projections from 2020-2032. The regions covered in the report include North America, Europe, Asia Pacific, Latin America, and MEA.
Cellulose Ether Market: Drive Factors
The global cellulose ether market is expected to grow and reach USD 3.87 Billion by 2032, driven by various factors such as increasing use of cellulose ether in the construction and food & beverages industries as thickeners, binders, stabilizers, film formers, and water retaining agents. Additionally, the growth in oil and rig drilling activities is expected to increase the demand for cellulose gum in the upcoming years. Carboxymethyl cellulose (CMC) is the largest market share holder in the cellulose ether market and is expected to maintain its position during the forecast period. The powdered form of cellulose ether holds the largest market size and is projected to have modest growth in the forecast period. The Asia Pacific region contributes to the largest market share in 2020 and is expected to grow at a rate of 6.2% in the forecast period. However, the availability of substitutes such as guar gum in the food & beverage industry and as thickeners used in the production of paints & coatings may hamper the growth of the market in the forecast period. Additionally, the emission of harmful pollutants in the environment may also restrain market growth.
Explore Trending Reports:
Corn Fiber Market-https://www.reportsanddata.com/report-detail/corn-fiber-market
Green Hydrogen Market-https://www.reportsanddata.com/report-detail/green-hydrogen-market
Retort Packaging Market-https://www.reportsanddata.com/report-detail/retort-packaging-market
Downhole Tools Market-https://www.reportsanddata.com/report-detail/downhole-tools-market
Grinding Aids For Cement Market-https://www.reportsanddata.com/report-detail/grinding-aids-for-cement-market
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1553
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
Browse Latest Blogs: https://www.reportsanddata.com/blogs
Browse Latest Press Release: https://www.reportsanddata.com/press-release