Cellulose Ethers And Esters Market Growth And Future Prospects

 Cellulose Esters And Ethers Industry Overview

The global cellulose esters and ethers market size was valued at USD 5.7 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. The demand for the product is anticipated to be driven by growing demand from food and beverage, photographic films, cigarette filters, and the textile and apparel industry, especially in emerging countries of the Asia Pacific region. Cellulose acetate phthalate is an enteric polymer broadly used for the coating of pharmaceutical drugs, whose substitute is chitosan, which is cheap as well as available in abundance. Chitosan acetate phthalate exhibits several properties similar to that of cellulose acetate phthalate and is anticipated to hamper its market growth.

Carboxymethyl Cellulose (CMC) is extensively utilized by the food and beverage industry. It is employed as a thickener, emulsifier, and stabilizer, which enables food to maintain its uniform flavor, concentration, and texture. Mounting consumption of emulsifiers in frozen desserts, margarine, chocolates, peanut butter, baked products, and salad dressings has propelled the product demand. The packaged food market has witnessed considerable growth in the past few years on account of changing consumer perceptions toward their eating habits. This change is primarily driven by evolving consumer lifestyle that includes long working hours and quick access to packed foods available in a wide range of cuisines.

Gather more insights about the market drivers, restrains and growth of the Global Cellulose Esters And Ethers market

 

Cellulose is an organic polymer that is derived from wood and can be chemically modified to yield its derivatives such as ethers and esters. Raw materials used mostly include wood, caustic soda, and cotton. The costs of these raw materials are volatile in nature and are prone to increase extensively owing to various factors including changes in climatic conditions, lack of availability, and demand and supply considerations.

Generally, cellulose esters and ethers are used in various industries including paper and pulp, oil and gas, pharmaceuticals, food and beverage, construction, detergents, personal care, mining, and textiles. Finished products such as nitrocellulose, cellulose acetate, carboxymethyl, and methylcellulose are supplied to the aforementioned end-use industries through several distribution channels including distributors, wholesalers, and vendors.



Browse through Grand View Research's Renewable Chemicals Industry Research Reports.

  • Dodecanedioic Acid Market - The global dodecanedioic acid market demand was pegged at 69.6 kilo tons in 2018 and is expected to expand at a CAGR of 5.5% over the forecast period. Demand for dodecanedioic acid (DDDA) can be attributed to extensive usage in the production of paints, engineering plastics, corrosion inhibitors, coatings, adhesives, lubricants, and surfactants.

 

  • Crude Sulfate Turpentine Market - The global crude sulfate turpentine market size was valued at USD 633.0 million in 2018 and is projected to expand at CAGR of 3.5% during the forecast period. This growth is attributed to the increased scope of applications across aroma chemicals and personal and home care products. Moreover, rising product demand in Asia Pacific is likely to boost the market development.

 

Cellulose Esters And Ethers Market Segmentation

Grand View Research has segmented the global cellulose esters and ethers market on the basis of basis of product, process, and region:

Cellulose Esters And Ethers Product Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Cellulose Acetate
  • Cellulose Nitrate
  • Carboxymethyl Cellulose
  • Methyl Cellulose
  • Ethyl Cellulose
  • Hydroxyethyl Cellulose
  • Hydroxypropyl Cellulose

Cellulose Esters And Ethers Process Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Kraft
  • Sulfite

Cellulose Esters And Ethers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

Market Share Insights

  • January 2017: Ashland increased the prices of hydroxyethyl cellulose across the globe. This pricing strategy helped the company focus on minimizing the cost of raw materials, labor, and packaging.

 

Key Companies profiled:

Some of the prominent players in the cellulose esters and ethers market include:

  • Lamberti S.p.A.
  • M. Huber Corporation
  • The Dow Chemical Company
  • Daicel Corporation
  • Ashland
  • AkzoNobel N.V.
  • Rhodia Acetow International GmbH
  • Eastman Chemical Company
  • Celanese Corporation
  • Rayonier Advanced Materials
  • Georgia-Pacific
  • Borregaard

 

Order a free sample PDF of the Cellulose Esters And Ethers Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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