Cellulose Ether & Derivatives Market Worth USD 6.30 Billion by 2020
PUNE, India, December 11, 2015 /PRNewswire/ --
The report "Cellulose Ether & Derivatives Market by Product Type (MC, EC, HEC, HPC, & CMC), by Application (Pharmaceuticals, Personal Care, Construction, Food Industry, & Others), by Region (North America, Europe, Asia-Pacific, & RoW) - Global Trends & Forecast to 2020", published by MarketsandMarkets, The Cellulose Ether & Derivatives Market is projected to reach USD 6.30 Billion, by 2020, at a CAGR of 7.2%, between 2015 and 2020..
Browse 97 Market Data Tables with 49 Figures spread through 154 Pages and in-depth TOC on "Cellulose Ether & Derivatives Market"
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The global cellulose ether & derivatives market size is projected to reach USD 6.30 Billion, by 2020. This growth is fueled by the growing technological dominance, increasing demand for application areas such as personal care, pharmaceuticals, construction, food ingredients, increasing development strategies, and expansion & acquisition activities.
Methyl Cellulose & Derivatives: The fastest growing grade in cellulose ether & derivatives market
Methyl cellulose and derivatives market consists of methyl cellulose, hydroxypropyl methyl cellulose, and hydroxyethyl methyl cellulose. They are generally used in shampoos, tooth pastes, and liquid soaps, to generate their characteristic consistency with regard to thickness. The market for methyl cellulose and derivatives is projected to be the fastest-growing among different product types of cellulose ether, which accounts for a major share in the overall market. Asia-Pacific is currently the largest user of methyl cellulose and derivatives.
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Pharmaceuticals - The largest market for cellulose ether & derivatives
The pharmaceuticals industry is the biggest application market of cellulose ether & derivatives that accounted for a major share in the market, in terms of value, in 2014. Cellulose ether & derivatives are used as tablet binders and pharmaceutical excipients (non-active ingredient). The market for cellulose ether & derivatives in the pharmaceutical industry is driven by the rise in demand for advanced drugs.
Asia-Pacific - The largest market for cellulose ether & derivatives
Asia-Pacific is the largest market for cellulose ether & derivatives with major developments witnessed in China, Japan, India, and South Korea. Asia-Pacific market accounted for half of the cellulose ether & derivatives market size, in terms of value, in 2014. This region is expected to dominate the market till 2020. Asia-Pacific is expected to remain the biggest region till 2020 with high investments in growing applications such as mining, construction, drilling fluids in oilfield, and pharmaceuticals industries. Also, Asia-Pacific is projected to be the fastest-growing market for cellulose ether & derivatives. This high growth is attributed to the expansion of production capacity, competitive manufacturing costs, among other factors.
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Major players such as Samsung Fine Chemicals (Korea), AkzoNobel Performance Additives (The Netherlands), Ashland Inc. (U.S.), SE Tylose (Germany), and CP Kelco. (U.S.), have adopted development strategies such as expansions, acquisitions, and product developments to achieve growth in the cellulose ether & derivatives market.
This report covers the market, in terms of value and volume, for cellulose ether & derivatives and forecasts the market size till 2020. The report includes the market segmentation by product type, application industry, and region.
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