LONDON, Jan. 30, 2017 /PRNewswire/ --
"The high-growth application areas such as personal care, pharmaceuticals, construction, and food ingredients are driving the consumption of cellulose ether & its derivatives market"
The global cellulose ether & its derivatives market is projected to reach USD 6.41 billion by 2021, at a CAGR of 6.0% from 2016 to 2021. The growing demand from the pharmaceutical & construction applications globally is leading to the growth of the cellulose ether & its derivatives market. The Asia-Pacific region captures more than half of the global cellulose ether & its derivatives market owing to the growing production facilities and rise in standards of living. Emissions of Hazardous Air Pollutants (HAPs) during the production of cellulose ether hinder the growth of the market. Also, the decrease in prices of guar gum which is used as a substitute for cellulose ether, is expected to restrain the market from growing at a high rate.
"China is the largest market for carboxymethyl cellulose"
Currently China is the largest market for carboxymethyl cellulose and constitutes almost 90% of the Chinese cellulose ether demand. The main drivers for the demand are the low cost of production, easy availability of raw materials, and lower awareness about the health hazards of using Carboxymethyl Cellulose (CMC), among consumers. A shift is expected in the next 5-10 years from use of carboxymethyl cellulose to nonionic cellulose ethers such as methyl cellulose and hydroxypropyl cellulose with a growing awareness among Chinese consumers. The primary drivers for the shift are expected to be the decrease in cost of production of nonionic cellulose ethers and regulations related to the use of carboxymethyl cellulose in China.
"Asia-Pacific, the fastest growing market for cellulose ether & its derivatives"
The Asia-Pacific region is estimated to be the fastest-growing market for cellulose ether & its derivatives market. The growth of the market in the region is attributed to the expansions of production capacities, high demand for end-use products, and others. On the other hand, the mature markets of North America and Europe are expected to witness slow growth as compared to the Asia-Pacific region. These mature markets are becoming saturated and major players in cellulose ether products are shifting their manufacturing bases to countries such as India, Malaysia, and China, among others, where the cost of production is low.
With the recent expansion activities by key players in the Asia-Pacific region; the demand for cellulose ether & its derivatives in this region is projected to register the highest CAGR from 2016 to 2021.
In the process of determining and verifying the market size for the several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:
- By Company Type: Tier 1 (34%), Tier 2 (33%), and Tier 3 (33%).
- By Designation: C-level (12%), Director Level (25%), and Others (63%).
- By Region: North America (11%), Europe (11%), Asia-Pacific (56%), Middle East & Africa (11%), and Latin America (11%)
Various key players profiled in the report include, Ashland Inc. (U.S.), SE Tylose (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), China RuiTai International Holdings Co., Ltd (China), Reliance Cellulose Products Limited (India), AkzoNobel Performance Additives (The Netherlands), and Lotte Chemicals (Korea), among others.
This report covers the cellulose ether & its derivatives market, in terms value, and forecasts the market size till 2021. The report includes the market segmentation based on product type, application, and region. It also provides company profiles and competitive strategies adopted by the key market players in the global cellulose ether & its derivatives market.
Reasons to buy this report:
This research report is focused on various levels of analyses—industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the cellulose ether & its derivatives market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information about the leading manufacturers of cellulose ether products
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new cellulose ether product launches
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for cellulose ether & its derivatives market
- Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global cellulose ether & its derivatives market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the cellulose ether & its derivatives market
Download the full report: https://www.reportbuyer.com/product/4651091/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cellulose-ether--its-derivatives-market-by-product-type-application-region---global-forecast-to-2021-300399172.html