ccording to a new report by Reports and Data, the global Water-Soluble Cellulose Ether market is expected to reach USD 9.76 Billion by 2028. 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 Water-Soluble 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.
Cellulose Ether Market: Drive Factors
The global Water-Soluble Cellulose Etherm arket is expected to grow and reach USD 9.76 billion by 2028, 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.
Key participants in the market 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
- Reliance Cellulose Products Ltd.
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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.
industry and also as thickeners that are being used in the production of paints coatings as a substitute to Hydrocel 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.
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 2020-2028. The regions covered in the report include North America, Europe, Asia Pacific, Latin America, and MEA.
Cellulose Ether Market: Notable Innovation
In the Water-Soluble Cellulose Ether market, there have been notable innovations in recent years. For example, researchers have developed a new type of cellulose ether that can be used as a thickening agent in water-based coatings. This new product has improved rheological properties, which allows for better control of the flow and viscosity of the coating. Another notable innovation is the development of cellulose ether-based hydrogels, which have potential applications in drug delivery and tissue engineering. These hydrogels have the ability to swell and retain water, which makes them ideal for controlled release of drugs or as scaffolds for tissue engineering. Additionally, there have been advancements in the production process of cellulose ether, such as using green chemistry methods to reduce the environmental impact of the manufacturing process. These innovations in the cellulose ether market are expected to drive growth and improve the efficiency and sustainability of the industry.
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