The cellulose ether & derivatives market is projected to grow from USD 8.1 billion in 2023 to USD 12.5 billion by 2028, at a CAGR of 9.1% during the forecast period. Cellulose ether & derivatives refer to a group of chemical compounds derived from cellulose, a naturally occurring polymer found in plant cell walls. These compounds are modified through chemical reactions to alter their properties and enhance their performance in various applications. Cellulose ethers & derivatives offer a wide range of functional properties that make them valuable in industries such as construction, pharmaceuticals, personal care, food, and coatings. Their versatility, water solubility, rheology modification capabilities, and environmental sustainability contribute to their widespread use in diverse applications.
Major manufacturers in this market are based in Europe, North America and Asia Pacific. 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. (The 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), are among a few leading players operating in the cellulose ether & derivatives market. Major focus was given to the development of new manufacturing processes for cellulose ether & derivatives and recent deals due to the changing requirements across the world. Cellulose ether & derivatives manufacturers have adopted various organic and inorganic growth strategies in order to strengthen their position in the global market. Some of the strategies include partnerships, product launches, contracts, , and mergers and acquisitions, that will help to expand their presence in the global cellulose ether & derivatives market further.
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Ashland Global Holdings, Inc. (US)
Ashland Global Holdings, Inc. is a global specialty chemicals company. The company operates through three segments: life sciences, specialty additives, personal care, and intermediates. . The Consumer Specialties segment provides cellulose ethers, vinyl pyrrolidones and bio functionals for consumer and industrial applications, including personal care, pharmaceutical, health and wellness, food & beverage, coatings, and energy. In addition, it offers chemical technologies in gelcoats, coatings, and intermediates and solvents. The company caters to customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food & beverage, and personal care. In addition, the company offers its products in a globally-diversified market with customers present in more than 100 countries.
Shin-Etsu Chemical Co., Ltd. (Japan)
Shin-Etsu Chemical Co., Ltd. is a Japanese company and one of the largest chemical manufacturers in the world. It was founded in 1926 and has its headquarters in Tokyo, Japan. Shin-Etsu operates in various industries, including semiconductor materials, silicones, electronics materials, specialty chemicals, and pharmaceuticals. One of Shin-Etsu Chemical's product categories is Cellulose ether and its derivatives. Cellulose ether is a type of water-soluble polymer derived from cellulose, a natural compound found in plant cell walls. It is used in a wide range of applications due to its unique properties, such as thickening, stabilizing, water retention, film-forming, and binding capabilities. At present, Shin-Etsu supplies its various cellulose products to its global customers based on its production system of having tripolar bases in Japan, Europe, and the US.
Cellulose Ether & Derivatives Market by Product Type (Methyl Cellulose & Derivatives, Carboxymethyl Cellulose, HEC, HPC, EC), Application (Construction, Pharmaceutical, Personal Care, Food & Beverage), Region - Forecast to 2028
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