Cellulose Ether Market to Perceive Substantial Growth During 2024
Cellulose
ether is produced from refined, short cotton fibers or wood fibers.
Cellulose ether is a water-soluble polymer, which has high molecular
weight. It is produced through the chemical modification of
cellulose. Cellulose ether has several characteristics such as water
solubility, surface activity, binding, water retention, pH stability,
and emulsification. These properties differ on the basis of the type
of cellulose used for the production of cellulose ether. The
manufacturing process of cellulose ether is a complex procedure,
which starts with the extraction of cellulose from raw materials. The
extracted cellulose is then converted into alkaline cellulose under
the action of sodium hydroxide, which is then treated with
etherifying agents to get cellulose ether. Cellulose ethers are known
for their efficiency and they often give better performance at low
concentration in comparison with other water-soluble polymers.
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Based
on solubility, the cellulosic ether market can be segregated into
water-soluble solvents and organic solvents. Based on product type,
the market has been segregated into ethyl cellulose, methyl
cellulose, carboxyl methyl cellulose, hydroxyl propyl methyl
cellulose, and hydroxyl ethyl methyl cellulose. In terms of
application, the market for cellulose ether can be divided into
construction, oil & gas, pharmaceuticals, daily chemicals,
ceramics, paints & coatings, surface coatings, food &
beverages, and detergents.
The
market for cellulose ether is anticipated to expand at a significant
pace during the forecast period, owing to unique properties of
cellulose ether, which cannot be substituted with any other,
economical alternative. Additionally, the availability of raw
materials required for the production of cellulose ether and low cost
of production can propel the global demand for cellulose ether during
the forecast period. Properties of cellulose ether including surface
activity make it act as a stabilizer as well as a thickener in
aqueous solutions. This makes cellulose ether useful in various
industries such as PVC products, cosmetics, construction, and
petroleum.
Among
product types, the carboxyl methyl cellulose segment held a
significant share of the cellulose ether market in 2015 and is
projected to maintain its leading position during the forecast
period. This is attributable to major uses of cellulose ether in
pharmaceuticals, industrial, personal care, and food & beverages
sectors. Among applications, construction and food & beverages
segments are expanding at a significant rate, owing to the increasing
population coupled with rising standards of living.
Although
demand for cellulose ether is increasing, some factors can hinder the
growth of the cellulose ether market during the forecast period.
Low-priced guar gum, which is used as an alternative for cellulose
ether, can hinder its usage in several industries such as paints &
coatings and food & beverages.
Geographically,
Asia Pacific held a key share of the global cellulose ether market in
2015. The market in the region is projected to expand at a rapid
pace, owing to presence of emerging economies such as India and China
in the region. Increasing population coupled with the availability of
cheap labor required for the production of cellulose ether can fuel
the demand for cellulose ether in Asia Pacific. Growth of application
sectors such as pharmaceuticals, food & beverages, construction,
and personal care is driving the cellulose ether market in Asia
Pacific. The markets in North America and Europe are mature and are
expected to witness moderate growth during the forecast period, owing
to saturation of the markets. Major players operating in the market
for cellulose ether are strategizing to shift their production
facilities to emerging economies of Asia Pacific such as Malaysia,
China, and India. This can be attributed to the low cost of
production of cellulose ether and easy availability of raw materials
in these countries.
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Major
players operating in the global market for cellulose ether are The
Dow Chemical Company, Ashland, Akzo Nobel N.V., and Shin-Etsu
Chemical Co.
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