A new report by Reports and Data has projected that the global cellulose 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.
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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.
Cellulose Ether Market: Notable innovation
In recent years, notable innovations in the cellulose market have been focused on improving the performance of cellulose ethers in various applications. Some of the innovations include the development of modified cellulose ethers with improved properties such as higher water retention capacity, enhanced thickening ability, and improved film-forming properties. Another notable innovation is the development of cellulose ethers with better compatibility with other materials, such as polymers, which has expanded their use in the production of various products. Additionally, advancements in technology have allowed for the production of cellulose ethers with a narrower range of molecular weight distribution, which has improved their performance in different applications. These innovations are expected to drive the growth of the cellulose ether market in the coming years.
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