Asia Pacific Cellulose Ether and Derivatives Market

The Asia Pacific cellulose ether & derivatives market size was valued at approximately USD 3.77 billion in 2024 and is expected to reach USD 7.03 billion by 2030, at a CAGR of 10.9% during the forecast period.

The market for cellulose ether & derivatives in Asia Pacific is expanding rapidly due to the growing demand for processed foods and personal care items, growing construction activity, and increased pharmaceutical production. Rapid urbanization, infrastructure improvements, and a robust manufacturing base supporting paints & coatings, adhesives, and pharmaceutical formulations are all contributing to the increased consumption of cellulose ether in China, India, Japan, and South Korea.

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A move towards bio-based and eco-friendly additives is also supporting the market, making cellulose ether a popular thickener, stabiliser, and rheology modifier in a variety of end-use industries. Additionally, supply reliability and competitiveness are being improved by the expanding presence of international manufacturers and the strengthening of domestic production capacities. Due to favourable government policies, industrial growth, and growing consumer demand for high-quality and performance-enhancing ingredients, Asia Pacific continues to be the fastest-growing and most significant regional market.

Prominent players include the Dow Chemical Company (US), Ashland Global Holdings, Inc. (US), Rayonier Advanced Materials (US), Shin-Etsu Chemical Co., Ltd. (Japan), LOTTE Fine Chemicals (South Korea), DKS Co. Ltd. (Japan), Nouryon Chemical Holdings B.V. (Netherlands), J.M. Huber Corporation (US), Shandong Head Co., Ltd. (China), Colorcon (US), FENCHEM (China), Lamberti S.p.A. (US), J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany), and Hebei JiaHua Cellulose Co., Ltd. (China). These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers & acquisitions, and new product development activities to expand their presence in the Asia Pacific cellulose ether & derivatives market.

Shin-Etsu Chemical Co., Ltd. (Japan)

Shin-Etsu Chemical Co., Ltd. engages in the manufacture and sale of industrial chemicals. Its operations are carried out through various divisions and sub-divisions such as Polyvinyl Chloride (PVC)/Chlor-Alkali Business, Silicone Business, Specialty Chemicals Business, Semiconductor Silicon Business, Electronics and Functional Materials Business, and Diversified Business. The Specialty Chemicals Business segment provides cellulose derivatives, silicon metal, polyvinyl alcohol, and synthetic pheromones.

The company's operations have spread beyond Japan's shores; it has production facilities and marketing bases in countries around the globe, including the US, South Korea, China, Taiwan, Singapore, Thailand, and the Netherlands. Shin-Etsu Chemical Co., Ltd. began production of cellulose at its Naoetsu Plant in 1962 and has been expanding production capacity since then. In 2003, it acquired the cellulose business of Clariant AG (which became SE Tylose), as it continued to expand its cellulose derivatives business. Shin-Etsu has production bases in Japan, Europe, and the US, and supplies its various cellulose products to global customers.

Lotte Fine Chemicals (South Korea)

Lotte Fine Chemicals is mainly engaged in the production and sale of general chemical and fine chemical products. Along with subsidiaries, the company operates its business through two segments: Chemicals and Green Materials. The Green Materials segment offers cellulose ether & derivatives products for industries, such as personal care, paint, oil & gas, and construction. The company has a global presence and operates in Europe, Asia & Oceania, and North America.

Related Reports:

Asia Pacific Cellulose Ether & Derivatives Market by Product Type (Methyl Cellulose & Derivatives, Carboxymethyl Cellulose, HEC, HPC, EC), Application (Industrial, Construction, Pharmaceutical, Personal Care), and Country - Forecast To 2030

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