Cellulose Ether & Its Derivatives Market by Product Type (Methyl, Ethyl, Hydroxyethyl, Hydroxypropyl, Carboxymethyl Cellulose), Application (Pharmaceuticals, Personal Care, Foods & Beverages, Paints & Coatings), and Region - Global Forecast to 2021

The cellulose ether & its derivatives market was valued at USD 4.51 Billion in 2015 and is projected to reach USD 6.41 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021. In this study, 2014 has been considered as the historical year, 2015 the base year, and 2016–2021 the forecast period, for estimating the market size of cellulose ether & its derivatives.

Objectives of the study:

• To define, describe, and forecast the global cellulose ether & its derivatives market on the basis of region, application, and product type
• To provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and opportunities)
• To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
• To analyze the opportunities in the market for stakeholders and present a competitive landscape for the market leaders
• To forecast the value & volume of market segments with respect to the five main regions (along with the countries), namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America
• To strategically profile the key players and comprehensively analyze their market shares and core competencies
• To analyze competitive developments such as, joint ventures, mergers & acquisitions, new product developments, and R&D in the cellulose ether & its derivatives market

Research Methodology:

In this report, market sizes have been derived using both, bottom-up and top-down approaches. Extensive secondary sources, directories, and databases such as, Hoovers, Bloomberg, Chemical Weekly, Factiva, International Monetary Fund (IMF), World Bank, Economic Co-operation and Development (OECD), International Energy Agency (IEA), Securities and Exchange Commission (SEC), and other government and private websites are involved to identify and collect information useful for this technical, market-oriented, and commercial study of the cellulose ether & its derivatives market.

The market size for each product type (methyl cellulose, carboxymethyl cellulose & hydroxyethyl, ethyl & hydroxypropyl cellulose), end-use application (pharmaceuticals, paints & coatings, construction, foods & beverages, drilling fluids, personal care), and region (Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa) is identified through both, secondary and primary research. The overall cellulose ether & its derivatives market size for various regions and countries has been calculated by adding these individual markets sizes. The market has further been segmented based on application, using percentage split gathered during the research. The findings of this study have been verified through primary research by conducting extensive interviews with key officials, such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

Cellulose ethers are polymers produced by the chemical modification of cellulose which is derived from wood. The raw material suppliers include, Rayonier Inc. (U.S.), Tembec, Inc. (Canada), and Borregaard (Norway), among others, which manufacture cellulose from wood with the use of various manufacturing processes. This cellulose is supplied to cellulose ether manufacturers such as, Ashland Inc. (U.S.), and Shin-Etsu Chemical Co., Ltd. (Japan), among others which chemically modify the cellulose with different polymers and combine them into various products such as, Hydroxyethyl Cellulose (HEC), Hydroxypropyl Methyl Cellulose (HPMC), Ethyl Cellulose (EC), and Carboxymethyl Cellulose (CMC). The final product is supplied to end-use companies such as, Ranbaxy Laboratories (India), Dr. Reddy’s Laboratories (India), Mapei (Italy), PepsiCo Inc. (U.S.), and L’Oreal (France), among others.

Key Target Audience:

• Cellulose Ether Manufacturers
• Cellulose Manufacturers
• Pharmaceutical Companies
• Hydrogen Production Companies
• Raw Material Suppliers
• Traders, Distributors of Cellulose Ethers
• Government and Regional Agencies and Research Organizations
• Investment Research Firms

Scope of the Report:

This research report forecasts the market size, in terms of both, volume and value, and analyzes trends in each of the submarkets. It categorizes the global market for cellulose ether & its derivatives on the basis of the following segments:

On the basis of Product Type:

• Methyl Cellulose (MC)
• Hydroxypropyl Methylcellulose (HPMC)
• Hydroxymethyl Methylcellulose (HMC)
• Carboxymethyl Cellulose (CMC)
• Hydroxyethyl Cellulose (HEC)
• Ethyl Cellulose (EC)
• Hydroxypropyl Cellulose (HPC)

On the basis of Application

• Foods & Beverages
• Construction
• Paints & Coatings
• Drilling Fluids
• Pharmaceuticals
• Personal Care
• Mining

On the basis of Region:

• North America
• Europe including Russia
• Asia-Pacific
• Middle East & Africa
• Latin America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

• Product Analysis

Product matrix that gives a detailed comparison of the product portfolio of each company

• Regional Analysis

Further breakdown of a region with respect to a particular country

• Company Information

Detailed analysis and profiles of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Overview of the Cellulose Ether & Derivatives Market
    4.2 Cellulose Ether & Derivatives Market, By Region
    4.3 Asia-Pacific: Cellulose Ether and Derivatives Market, By Product Type and By Country
    4.4 Cellulose Ether and Derivatives Market, By Product Type

5 Market Overview (Page No. - 35)
    5.1 Introduction
           5.1.1 Market Segmentation
                    5.1.1.1 Cellulose Ether & Derivatives Market, By Product Type
                    5.1.1.2 Cellulose Ether & Derivatives Market, By Application
                    5.1.1.3 Cellulose Ether & Derivatives Market, By Region
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Sustainable Product, as It is Derived From Wood
                    5.2.1.2 High Growth in Application Areas Such as Personal Care, Pharmaceuticals, Construction, Food Ingredients, Oil Drilling, and PVC Industry
                                     5.2.1.2.1 Booming Personal Care Market
                                     5.2.1.2.2 Growth in the Pharmaceuticals Application
                                     5.2.1.2.3 Food Ingredients Market Growth
                                     5.2.1.2.4 Rising Construction Industry
                                     5.2.1.2.5 Increase in the Number of Oil Drilling Activities
                                     5.2.1.2.6 Rise in the Global Demand for Polyvinyl Chloride
           5.2.2 Restraints
                    5.2.2.1 Emission of Haps (Hazardous Air Pollutants) During Production
                    5.2.2.2 Burning and Explosion Risks
           5.2.3 Opportunities
                    5.2.3.1 Increasing Use of CMC in Mini Flotation Process
                    5.2.3.2 Growth in End-Use Industries in Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 Emergence of Substitutes in Various Applications
    5.3 Impact Analysis

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of Substitutes
           6.3.4 Threat of New Entrants
           6.3.5 Intensity of Competitive Rivalry
    6.4 Macroeconomic Indicators
           6.4.1 Pharmaceutical Industry
           6.4.2 Construction

7 Cellulose Ether and Derivatives Market, By Product Type (Page No. - 53)
    7.1 Introduction
    7.2 Cellulose Ether & Derivatives Market
    7.3 Methyl Cellulose & Derivatives
           7.3.1 Methyl Cellulose (MC)
           7.3.2 Hydroxypropyl Methyl Cellulose (HPMC)
           7.3.3 Hydroxyethyl Methyl Cellulose (HEMC)
    7.4 Carboxymethyl Cellulose (CMC)
    7.5 Hydroxyethyl Cellulose (HEC)
    7.6 Hydroxypropyl Cellulose (HPC)
    7.7 Ethyl Cellulose (EC)

8 Cellulose Ether and Derivatives Market, By Application (Page No. - 72)
    8.1 Introduction
    8.2 Methyl Cellulose and Derivatives Market
    8.3 Carboxymethyl Cellulose Market
    8.4 Hydroxyethyl Cellulose Market
    8.5 Hydroxypropyl Cellulose Market
    8.6 Ethyl Cellulose Market

9 Cellulose Ether and Derivatives Market, By Region (Page No. - 82)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 India
           9.2.3 Japan
           9.2.4 South Korea
           9.2.5 Singapore
           9.2.6 Malaysia
           9.2.7 Thailand
           9.2.8 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Spain
           9.3.5 Poland
           9.3.6 Rest of Europe
    9.4 North America
           9.4.1 U.S.
    9.5 Middle East & Africa
    9.6 Latin America

10 Competitive Landscape (Page No. - 115)
     10.1 Overview
     10.2 Competitive Situations and Trends
             10.2.1 Expansions
             10.2.2 New Product Launches
             10.2.3 Mergers & Acquisitions
             10.2.4 Agreements

11 Company Profiles (Page No. - 121)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 The DOW Chemical Company
     11.2 Akzonobel
     11.3 Shin-Etsu Chemical Co. Ltd.
     11.4 Ashland Inc.
     11.5 Daicel Finechem Ltd.
     11.6 Lotte Fine Chemicals
     11.7 DKS Co. Ltd.
     11.8 China Ruitai International Holdings Co. Ltd.
     11.9 CP Kelco
     11.10 Fenchem Biotek Ltd.
     11.11 J. Rettenmaier & Söhne GmbH + Co.Kg (JRS)
     11.12 Reliance Cellulose Products Ltd.
     11.13 SE Tylose GmbH & Co. Kg
     11.14 Shandong Head Co. Ltd.
     11.15 Sichem LLC
     11.16 Zhejiang Kehong Chemical Co. Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 147)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details

List of Tables (97 Tables)

Table 1 Cellulose Ether & Derivatives Market, By Product Type
Table 2 Cellulose Ether & Derivatives Market, By Application
Table 3 Properties, Benefits, and Use of Cellulose Ether
Table 4 Cellulose Ethers & Derivatives: Burning and Explosion Parameters
Table 5 Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 6 Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 7 Methyl Cellulose & Derivatives Market Size, By Region, 2014–2021 (USD Million)
Table 8 Methyl Cellulose & Derivatives Market Size, By Region, 2014–2021 (Kiloton)
Table 9 Methyl Cellulose & Derivatives: Manufacturing Companies and Application Areas
Table 10 Methyl Cellulose Market Size, By Region, 2014–2021 (USD Million)
Table 11 Methyl Cellulose Market Size, By Region, 2014–2021 (Kiloton)
Table 12 Hydroxyethyl Methyl Cellulose: Manufacturing Companies and Application Areas
Table 13 Hydroxypropyl Methyl Cellulose Market Size, By Region, 2014–2021 (USD Million)
Table 14 Hydroxypropyl Methyl Cellulose Market Size, By Region, 2014–2021 (Kiloton)
Table 15 Hydroxyethyl Methyl Cellulose: Manufacturing Companies and Application Areas
Table 16 Hydroxyethyl Methyl Cellulose Market Size, By Region, 2014–2021 (USD Million)
Table 17 Hydroxyethyl Methyl Cellulose Market Size, By Region, 2014-2021 (Kiloton)
Table 18 Carboxymethyl Cellulose: Manufacturing Companies and Application Areas
Table 19 Carboxymethyl Cellulose Market Size, By Region, 2014–2021 (USD Million)
Table 20 Carboxymethyl Cellulose Market Size, By Region, 2014–2021 (Kiloton)
Table 21 Hydroxyethyl Cellulose: Manufacturing Companies and Application Areas
Table 22 Hydroxyethyl Cellulose Market Size, By Region, 2014–2021 (USD Million)
Table 23 Hydroxyethyl Cellulose Market Size, By Region, 2014–2021 (Kiloton)
Table 24 Hydroxypropyl Cellulose: Manufacturing Companies and Application Areas
Table 25 Hydroxypropyl Cellulose Market Size, By Region, 2014–2021 (USD Million)
Table 26 Hydroxypropyl Cellulose Market Size, By Region, 2014-2021 (Kiloton)
Table 27 Ethyl Cellulose: Manufacturing Companies and Application Areas
Table 28 Ethyl Cellulose Market Size, By Region, 2014–2021 (USD Million)
Table 29 Ethyl Cellulose Market Size, By Region, 2014-2021 (Kiloton)
Table 30 Methyl Cellulose and Derivatives: Application and Functions
Table 31 Methyl Cellulose and Derivatives Market Size, By Application, 2014–2021 (Kiloton)
Table 32 Carboxymethyl Cellulose: Application and Functions
Table 33 Carboxymethyl Cellulose Market Size, By Application, 2014–2021 (Kiloton)
Table 34 Hydroxyethyl Cellulose: Application and Functions
Table 35 Hydroxyethyl Cellulose Market Size, By Application, 2014–2021 (Kiloton)
Table 36 Hydroxypropyl Cellulose: Application and Functions
Table 37 Hydroxypropyl Market Size, By Application 2014–2021 (Kiloton)
Table 38 Ethyl Cellulose: Application and Functions
Table 39 Ethyl Cellulose Market Size, By Application, 2014–2021 (Kiloton)
Table 40 Cellulose Ether & Derivatives Market Size, By Region, 2014–2021 (USD Million)
Table 41 Cellulose Ether & Derivatives Market Size, By Region, 2014–2021 (Kiloton)
Table 42 Asia-Pacific: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 43 Asia-Pacific: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 44 Asia-Pacific: Cellulose Ether & Derivatives Market Size, By Country, 2014–2021 (USD Million)
Table 45 Asia-Pacific: Cellulose Ether & Derivatives Market Size, By Country, 2014–2021 (Kiloton)
Table 46 China: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 47 China: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 48 India: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 49 India: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 50 Japan: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 51 Japan: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 52 South Korea: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 53 South Korea: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 54 Singapore: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 55 Singapore: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 56 Malaysia: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 57 Malaysia: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 58 Thailand: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 59 Thailand: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 60 Rest of Asia-Pacific: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 61 Rest of Asia-Pacific: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 62 Europe: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 63 Europe: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 64 Europe: Cellulose Ether & Derivatives Market Size, By Country, 2014–2021 (USD Million)
Table 65 Europe: Cellulose Ether & Derivatives Market Size, By Country, 2014–2021 (Kiloton)
Table 66 Germany: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 67 Germany: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 68 France: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 69 France: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 70 U.K.: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 71 U.K.: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 72 Spain: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 73 Spain: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 74 Poland: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 75 Poland: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 76 Rest of Europe: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 77 Rest of Europe: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 78 North America: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 79 North America: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 80 North America: Cellulose Ether &Derivatives Market Size, By Country, 2014–2021 (USD Million)
Table 81 North America: Cellulose Ether & Derivatives Market Size, By Country, 2014–2021 (Kiloton)
Table 82 U.S.: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 83 U.S.: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 84 Middle East & Africa: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 85 Middle East & Africa: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 86 Latin America: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 87 Latin America: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 88 Latin America: Cellulose Ether & Derivatives Market Size, By Country, 2014–2021 (USD Million)
Table 89 Latin America: Cellulose Ether & Derivatives Market Size, By Country, 2014–2021 (Kiloton)
Table 90 Brazil: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 91 Brazil: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 92 Rest of Latin America: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (USD Million)
Table 93 Rest of Latin America: Cellulose Ether & Derivatives Market Size, By Product Type, 2014–2021 (Kiloton)
Table 94 Expansions, 2013–2016
Table 95 New Product Launches, 2013–2016
Table 96 Mergers & Acquisitions, 2013–2016
Table 97 Agreements, 2013–2016

List of Figures (42 Figures)

Figure 1 Cellulose Ether & Derivatives Market Segmentation
Figure 2 Cellulose Ether & Derivatives Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Cellulose Ether & Derivatives: Data Triangulation Methodology
Figure 6 Hydroxypropyl Cellulose to Register Highest CAGR During the Forecast Period
Figure 7 Construction Was the Biggest Application in the Methyl Cellulose & Derivatives Market in 2016
Figure 8 Asia-Pacific to Lead the Carboxymethyl Cellulose Market (2016-2021)
Figure 9 Asia-Pacific to Register Significant Growth in the Cellulose Ether and Derivatives Market
Figure 10 Attractive Opportunities in the Cellulose Ether & Derivatives Market
Figure 11 Asia-Pacific to Grow at the Highest CAGR Between 2016 and 2021
Figure 12 China is the Largest Market for Cellulose Ether & Derivatives in Asia-Pacific Region
Figure 13 Carboxymethyl Cellulose Accounted for the Largest Share (In the Cellulose Ether and Derivatives Market in 2015
Figure 14 Cellulose Ether and Derivatives Market, By Region
Figure 15 Factors Governing the Cellulose Ether & Its Derivatives Market
Figure 16 Global Residential Construction Spending, By Region (In USD Billion)
Figure 17 Cellulose Ether & Derivatives Market: Value Chain Analysis
Figure 18 Cellulose Ether & Derivatives Market; Porter’s Five Forces Analysis
Figure 19 Global Pharmaceutical Wholesale & Distribution Market, 2014-2020
Figure 20 Growth Rate of the Construction Industry, By Region
Figure 21 Cellulose Ether & Derivatives Market, By Product Type
Figure 22 Asia-Pacific to Remain the Fastest-Growing Market for Methyl Cellulose During the Forecast Period
Figure 23 Asia-Pacific to Lead the Hydroxyethyl Cellulose Market During the Forecast Period
Figure 24 Cellulose Ether & Derivatives Market, By Application
Figure 25 Industrial Application to Dominate the Carboxymethyl Cellulose Market During the Forecast Period
Figure 26 Paints & Coatings Application is the Largest Application of Hydroxyethyl Cellulose
Figure 27 Pharmaceuticals Application to Witness the Highest CAGR During the Forecast Period
Figure 28 Paint & Coatings to Dominate the Ethyl Cellulose Market During the Forecast Period
Figure 29 Middle East & Africa Market Snapshot: Second Fastest-Growing Market for Cellulose Ether and Derivatives
Figure 30 Key Companies Preferred the Strategy of Expansions
Figure 31 Battle for Market Share: Expansion Was the Key Strategy
Figure 32 Cellulose Ether and Derivatives: Market Share Analysis
Figure 33 The DOW Chemical Company: Company Snapshot
Figure 34 SWOT Analysis: the DOW Chemical Company
Figure 35 Akzonobel: Company Snapshot
Figure 36 SWOT Analysis: Akzonobel
Figure 37 SWOT Analysis: Shin-Etsu Chemical Co. Ltd.
Figure 38 Ashland Inc.: Company Snapshot
Figure 39 SWOT Analysis: Ashland Inc.
Figure 40 Daicel Finechem Ltd.: Company Snapshot
Figure 41 Lotte Fine Chemicals: Company Snapshot
Figure 42 DKS Co. Ltd.: Company Snapshot

The global cellulose ether & its derivatives market in terms of value, is projected to reach USD 6.41 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021. The high-growth application areas such as personal care, pharmaceuticals, construction, food ingredients, along with expansion & new product launch activities undertaken by companies are the key factors driving the global cellulose ether & its derivatives market.

The segmentation of the cellulose ether & its derivatives market includes product type, application, and region. Hydroxyethyl cellulose is projected to be the fastest growing product during the forecast period due to the high growth in the end-use industries such as, pharmaceuticals, oil drilling, and construction, among others. Carboxymethyl cellulose is estimated to remain the largest market by volume. Carboxymethyl cellulose finds major applications in industrial, foods and beverages, pharmaceuticals, and personal care sectors in the global cellulose ether & its derivatives market. The surface-active properties of cellulose ether allows it to act as a thickener and stabilizer in aqueous solutions, making it a beneficial additive in a wide variety of commercial products and industries, including the pharmaceutical industry, the construction industry, PVC products, food and beverage products, the petroleum industry, and the cosmetics industry.

The various applications of cellulose ethers considered in the report are construction, pharmaceuticals, surface coating, and foods & beverages, among others. Construction is expected to remain the largest growing application for cellulose ethers while foods & beverages is expected to become the fastest growing market due to the worldwide rise in population and increase in the standards of living of consumers.

Currently, the Asia-Pacific region is the largest market for cellulose ether & its derivatives, accounting for more than half of the global market, by value, in 2015. Among all the countries, China led the cellulose ether & its derivatives market in 2014, closely followed by India and the rest of Asia-Pacific countries. A high economic growth rate, growing demand for applications (such as, mining, construction, drilling fluids in oilfields, pharmaceuticals, and so on), cheap labor, and competitive manufacturing costs are the main factors driving the market for cellulose ether in the region.

Though the cellulose ether & its derivatives market is growing at a high rate, a few factors hinder the growth of the market globally. The prices of guar gum which is used as a substitute for cellulose ether in the foods & beverages, and paints & coatings industries have sharply fallen due to the decrease in oil prices globally. As a result, companies may use guar gum as an economic alternative to cellulose ether. Also, nonionic thickeners are being used in formulations of paints & coatings in conjunction with cellulose ether which will further reduce the volume demand to some extent.

Companies such as, Ashland Specialty Chemicals (U.S.), The Dow Chemical Company (U.S.), CP Kelco (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), AkzoNobel Performance Additives (The Netherlands), Lotte Chemicals (Korea), and China RuiTai International Holdings Co., Ltd. (China) are the leading market players in the global cellulose ether & its derivatives market. The diverse product portfolios and strategically positioned R&D centers, adoption of development strategies, and technological advancements are the factors responsible for strengthening the market positions of these companies.  These companies have been adopting various organic and inorganic growth strategies such as, expansions, new product launches & product developments to enhance their current market shares.

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