Global Cellulose Ether and Derivatives Market to Experience a Prominent Development in Various Sectors

Introduction

Cellulose Ether is a polymer produced from plant cells. It has a variety of uses in different ventures like the beauty care product and personal care, drugs and healthcare, oil and gas, and so on. It goes about as a modifier in personal care items, for example, cleansers, shampoos, body washes, creams, serums, etc. As the interest for these products is expanding between individuals of different pay classes, the worldwide cellulose ethers and derivatives items markets are extending.

Its developing applications in the food and refreshment industry fill the requirement for this cellulose ether and its derivatives. It likewise goes about as an option for different substances such as xanthan and guar gum as it is a characteristic fixing. The lower manufacturing costs make a better option, and hence its worldwide market is expanding gradually. In the construction business, cellulose ethers are used in building material frameworks, such as manual and machine mortars, filling compounds, tile adhesives, concrete materials, emulsion paints, and water retention agents.

Growing Market of Methyl Cellulose

The methylcellulose and derivatives modified types of cellulose utilized in numerous applications, including pharmaceutical, healthcare, paper, and the food business. It is being used as a stool-relaxing agent, treating bowel syndrome and diverticulosis in the healthcare sector.

In 2002, it was discovered that it could be used for the treatment of the diseases like ileostomies, dosh, and colostomies. It is again significantly utilized as glues in different areas like gadgets, backdrop leather, materials, and paper. Due to its imperviousness to microbial development when contrasted with starches.

There has been an immense interest in methylcellulose and derivatives in the weight loss industry and relaxing hard contact lenses. Methylcellulose is utilized as a stabilizer and emulsifier in the hospitality sector. Changing food materials and recent fads in the food business have constrained the interest for methylcellulose and subordinates, which has boosted the methylcellulose market.

Impact of COVID-19

The world experienced an extraordinary COVID-19 flare-up presenting social, wellbeing, and financial crises. It led to the shortage of cellulose ether and derivatives in the food and beverage, pharmaceutical, cosmetic, and other free research and development areas. The production had gone down because of lockdown and other restrictions.

In the post-COVID time, exercises supposedly got on target across the medical care and personal care area, research, and development sectors with the availability of funds. However, speculations had begun streaming once more; COVID-19 cases rose. The condition deteriorated, bringing about nations being on high alert again. Interest in cellulose ether and derivatives has been set to die down with effective vaccination programs worldwide. 

Regional Insights

North America is known for beauty care and personal care products, and this can be credited to highly established brands with good names in the international market. The region has a very loyal customer base supported by the consistent introduction of low-cost products and good quality by the dynamic market players. The construction sector has moved towards new technological methods and infrastructural developments, which has been attributed to the rise of the cellulose ether and derivatives market.

Pharma and cosmetic companies have a solid production base across Europe. This has aided in building interest for ether cellulose in Europe, driving the European cellulose ether and derivatives market. Due to rising awareness about green chemicals, the construction industry moves towards less harmful substances. It has eventually expanded the need for cellulose ether and subsidiaries across Europe as it is a natural product derived from plants.

Over the most recent couple of years, Asia-Pacific has seen an ascent in the general local GDP and significant financial developments. It has driven in the per-capita income leading to an increment in the spending limits of the individuals. Various local items makers, explicitly in China and India, have collaborated with web eCommerce companies, specifically Alibaba.com, Nykaa.com, flipkart.com, and amazon. In as they have a good customer base. The rising demands from the developing nations have led to the entry of world-renowned cosmetic brands into the market, which has fueled the demand for cellulose ether in these regions.

Key Highlights

• The global cellulose ether and derivatives market was valued at 5021.69 million in 2017, and it is predicted to increase at a CAGR of 5.96% by 2030.
• In 2021, The Asia Pacific will be the leading user of cellulose ether products because of acquiring almost ~50% of the global market.
• Based on applications, cellulose ether and derivatives are widely used in the Construction sector, acquiring more than 50% of revenue generated.
• Cellulose ether and derivatives are prominently used in the personal care industry to improve viscosity, stability, and compatibility. The use of cellulose ether and derivatives as a thickening agent supports the growth of the personal care segment in the global cellulose ether and derivatives market.

Competitive Players

1. Shangdong Head Co. Ltd
2. Dow Chemical Company
3. Ashland Global Holding Inc
4. Nouryon Chemical Holdings
5. Shin Etsu Chemicals Co Ltd
6. LOTTE Fine Chemicals
7. Rayonier Advanced Materials
8. Colorcon
9. Fenchem
10. Zibo Hailan Chemicals Co. Ltd.

Recent Developments

• January 2024- Dow obtained ISCC PLUS certification for PO/PG and Polyol manufacturing in Freeport, Texas.
• November 2023- Ashland Perfectyl™ biofunctional chamomile, inspired by innovative aesthetic procedures, allowed users to achieve skin perfection without injections.
• January 2024- Nouryon announced the debut of Berol® Nexus surfactant during the 2024 ACI Annual Meeting and Industry Convention in Orlando, Florida, USA. The Company's most recent innovation, intended for the North American cleaning market, is a next-generation, multifunctional hydrotrope.

Segmentation

1. By Product Type
   1. Methyl Cellulose
   2. Carboxymethyl Cellulose
   3. Hydroxyethyl Cellulose
   4. Hydroxypropyl Cellulose
   5. Ethyl Cellulose
2. By Application
   1. Construction
   2. Pharmaceutical and Personal Care
   3. Food and Beverage