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Cellulose Ether & Derivatives Market worth $8.7 billion by 2026 - Exclusive Report by MarketsandMarkets™
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Cellulose ether & derivatives is the major product types of cellulose ether & derivatives. Methyl cellulose (or methylcellulose) is a chemical compound that is derived from cellulose. It is a hydrophilic white powder in pure form. It dissolves in cold (but not in hot) water, forming a clear, viscous solution or gel. Methyl cellulose is not digestible, not toxic, and not an allergen, making it suitable for use in the food and pharmaceutical industries. It helps in controlling several crucial properties of a formulation, such as a rheology, dispersion, water demand, and water retention. It has many practical benefits, including high consistency and workability with low stickiness, high standing strength, and high yield. The methyl cellulose & derivatives market consists of methyl cellulose, hydroxypropyl methyl cellulose, and hydroxyethyl methyl cellulose. The methyl cellulose & derivatives segment has a major share in the global cellulose ethers & derivatives market, owing to its wide acceptability in end-use industries such as construction, pharmaceutical, food & beverage, personal care, etc.
Construction is the major application for the methyl cellulose & derivatives product type in the celliulose ether & derivatives market. Cellulose ethers are the premium choice of the construction industry due to the increasing consciousness regarding green chemicals. On other hand, with the advancement of living standards in society and the enhanced awareness of the living environment, health, and safety, naturally derived cellulose ethers have become the first choice to replace the conventional chemicals in the industry. Cellulose ether & derivatives have many functions, which includes their use as a thickener, binder, film former, redispersible powder, air entrainer, hydrophobic agent, preservative, retarder/accelerator, rheology/viscosity in various applications of the construction industry.
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APAC was the largest cellulose ether & derivatives market, in terms of value, in 2020. The increasing use of cellulose ether & derivatives in applications such as construction, pharmaceutical, paints & coatings, personal care, food & beverage, and others is expected to provide new growth opportunities to the market. Furthermore, high economic growth, growth in manufacturing industries, availability of cheap labor, growing end-use markets, and the global shift of production facilities from developed markets to developing markets are some of the key factors driving the cellulose ether & derivatives market in Asia Pacific
The key players in the market include The Dow Chemical Company (US), Shin-Etsu Chemical Co., Ltd ( Japan ), Ashland Global Holdings, Inc (US), LOTTE Fine Chemicals ( South Korea ), Rayonier Advanced Materials Inc. (US), Shandong Head Co., Ltd ( China ), Nouryon Chemical Holdings B.V ( Netherlands ), Colorcon (US), J.M. Huber Corporation (US), J. RETTENMAIER SOHNE GmbH + Co KG ( Germany ), FENCHEM ( China ), Hebei Jiahua Cellulose Co., Ltd. ( China ), DKS Co. Ltd ( Japan ), Lamberti S.p.A (US), Zibo Hailan Chemical Co., Ltd ( China ).
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