The Cellulose Ether And Derivatives Market is projected to be worth USD 9.0 billion in 2024. The market is anticipated to reach USD 22.6 billion by 2034. The market is further expected to surge at a CAGR of 9.6% during the forecast period 2024 to 2034.
Key Market Trends and Highlights
Water based coatings, which often utilize cellulose ethers as rheology modifiers, have gained popularity due to environmental concerns associated with solvent based coatings. The shift towards water based formulations in various industries, including paints and coatings, is expected to drive the demand for cellulose ethers.
Attributes | Key Insights |
---|---|
Cellulose Ether and Derivatives Market Estimated Size in 2024 | USD 9.0 billion |
Projected Market Value in 2034 | USD 22.6 billion |
Value-based CAGR from 2024 to 2034 | 9.6% |
The scope for cellulose ether and derivatives rose at a 12.3% CAGR between 2019 and 2023. The global market for cellulose ether and derivatives is anticipated to grow at a moderate CAGR of 9.6% over the forecast period 2024 to 2034.
The market experienced steady growth during the historical period from 2019 to 2023. Increased construction activities globally, especially in emerging markets, augmented the demand for cellulose ethers in construction materials.
Looking ahead to the forecast period from 2024 to 2034, the market is expected to witness significant growth. Projections consider the sustained growth in urbanization and infrastructure projects, driving the demand for construction materials containing cellulose ethers.
Cellulose ethers are commonly used in construction materials such as adhesives, mortars, and grouts. The growth of the construction industry, particularly in emerging economies, is expected to drive the demand for cellulose ethers.
The presence of alternative products or substitutes with similar functionalities can pose a challenge to the cellulose ether market.
Companies may face competition from other polymers or synthetic materials.
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by Korea and Japan. The countries are expected to lead the market through 2034.
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
The United States | 9.9% |
China | 10.3% |
The United Kingdom | 10.8% |
Japan | 11.2% |
Korea | 12.0% |
The cellulose ether and derivatives market in the United States expected to expand at a CAGR of 9.9% through 2034. Cellulose ethers find extensive use in construction materials, including adhesives, mortars, and grouts. The growth in residential and commercial construction projects contributes to the demand for cellulose ethers in the United States.
The cellulose ether and derivatives market in the United Kingdom is anticipated to expand at a CAGR of 10.8% through 2034. Cellulose ethers are commonly used in personal care and cosmetic products such as creams, lotions, and shampoos. The demand for skincare and cosmetic items in the country contributes to the growth of the cellulose ether market.
Cellulose ether and derivatives trends in China are taking a turn for the better. A 10.3% CAGR is forecast for the country from 2024 to 2034. Continuous advancements in manufacturing technologies, including modifications to enhance efficiency and reduce costs, contribute to the growth of the cellulose ether market in China.
The cellulose ether and derivatives market in Japan is poised to expand at a CAGR of 11.2% through 2034. Japan has an aging population, leading to increased healthcare needs. The growth of healthcare sector, driven by healthcare demands, supports the demand for cellulose ethers.
The cellulose ether and derivatives market in Korea is anticipated to expand at a CAGR of 12.0% through 2034. The participation of the country in global trade and export activities can contribute to the expansion of the cellulose ether market by reaching international markets.
The below table highlights how carboxymethyl cellulose segment is projected to lead the market in terms of type, and is expected to account for a CAGR of 9.4% through 2034.
Based on end use, the pharmaceutical segment is expected to account for a CAGR of 9.2% through 2034.
Category | CAGR through 2034 |
---|---|
Carboxymethyl Cellulose | 9.4% |
Pharmaceutical | 9.2% |
Based on type, the carboxymethyl cellulose segment is expected to continue dominating the cellulose ether and derivatives market. Carboxymethyl cellulose finds applications across various industries, including food and beverages, pharmaceuticals, cosmetics, and personal care products. Its versatility and ability to function as a thickener, stabilizer, and viscosity modifier contribute to its widespread use.
Carboxymethyl cellulose is commonly used in the food and beverage industry as a thickener, stabilizer, and texturizer. The demand for processed and convenience foods has driven the use of this cellulose in products such as sauces, dressings, and bakery items.
The cellulose is also utilized in the pharmaceutical industry as a binder and disintegrant in tablet formulations. The growth of the pharmaceutical sector and increasing demand for pharmaceutical excipients contribute to the demand for this segment.
In terms of end use, the pharmaceutical segment is expected to continue dominating the cellulose ether and derivatives market. Cellulose ethers, including carboxymethyl cellulose and methyl cellulose, are widely used as binders and disintegrants in pharmaceutical formulations. They contribute to the structural integrity of tablets and enhance their disintegration and dissolution properties.
Certain cellulose ethers are employed in pharmaceutical formulations to achieve controlled drug release, which is particularly important for medications requiring sustained or extended release, improving patient compliance and efficacy.
Cellulose ethers function as stabilizers for emulsions and suspensions in pharmaceutical formulations, which is crucial for drugs that are not soluble in water and require a stable formulation for effective delivery.
The cellulose ether and derivatives market is characterized by a competitive landscape shaped by key players striving for market share through innovations, strategic collaborations, and global expansion. The dynamism of the market is driven by the diverse applications of cellulose ethers in industries such as construction, pharmaceuticals, food and beverages, cosmetics, and textiles.
Company Portfolio
Attribute | Details |
---|---|
Estimated Market Size in 2024 | USD 9.0 billion |
Projected Market Valuation in 2034 | USD 22.6 billion |
Value-based CAGR 2024 to 2034 | 9.6% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
Key Market Segments Covered | Type, End Use, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, France, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
Key Companies Profiled | Ashland Global Holdings, Inc; Colorcon; DKS Co. Ltd; Fenchem Biotek Ltd; Hebei Jiahua Cellulose Co., Ltd; J.M. Huber Corporation; J. RETTENMAIER SOHNE Gmbh; Lamberti S.p.A; LOTTE Fine Chemicals; Nouryon Chemical Holdings B.V |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by End Use, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by End Use, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by End Use, 2019 to 2034
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 22: Europe Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 23: Europe Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 24: Europe Market Volume (Tons) Forecast by End Use, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 28: East Asia Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 29: East Asia Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 30: East Asia Market Volume (Tons) Forecast by End Use, 2019 to 2034
Table 31: South Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 34: South Asia Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 35: South Asia Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 36: South Asia Market Volume (Tons) Forecast by End Use, 2019 to 2034
Table 37: Oceania Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: Oceania Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: Oceania Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 40: Oceania Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 41: Oceania Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 42: Oceania Market Volume (Tons) Forecast by End Use, 2019 to 2034
Table 43: MEA Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: MEA Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: MEA Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 46: MEA Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 47: MEA Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 48: MEA Market Volume (Tons) Forecast by End Use, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End Use, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by End Use, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 16: Global Market Attractiveness by Type, 2024 to 2034
Figure 17: Global Market Attractiveness by End Use, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Type, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by End Use, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 34: North America Market Attractiveness by Type, 2024 to 2034
Figure 35: North America Market Attractiveness by End Use, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Type, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by End Use, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Type, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End Use, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Europe Market Value (US$ Million) by Type, 2024 to 2034
Figure 56: Europe Market Value (US$ Million) by End Use, 2024 to 2034
Figure 57: Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 63: Europe Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 66: Europe Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 67: Europe Market Volume (Tons) Analysis by End Use, 2019 to 2034
Figure 68: Europe Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 70: Europe Market Attractiveness by Type, 2024 to 2034
Figure 71: Europe Market Attractiveness by End Use, 2024 to 2034
Figure 72: Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: East Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 74: East Asia Market Value (US$ Million) by End Use, 2024 to 2034
Figure 75: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: East Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 81: East Asia Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 84: East Asia Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 85: East Asia Market Volume (Tons) Analysis by End Use, 2019 to 2034
Figure 86: East Asia Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 88: East Asia Market Attractiveness by Type, 2024 to 2034
Figure 89: East Asia Market Attractiveness by End Use, 2024 to 2034
Figure 90: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 92: South Asia Market Value (US$ Million) by End Use, 2024 to 2034
Figure 93: South Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 99: South Asia Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 102: South Asia Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 103: South Asia Market Volume (Tons) Analysis by End Use, 2019 to 2034
Figure 104: South Asia Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 106: South Asia Market Attractiveness by Type, 2024 to 2034
Figure 107: South Asia Market Attractiveness by End Use, 2024 to 2034
Figure 108: South Asia Market Attractiveness by Country, 2024 to 2034
Figure 109: Oceania Market Value (US$ Million) by Type, 2024 to 2034
Figure 110: Oceania Market Value (US$ Million) by End Use, 2024 to 2034
Figure 111: Oceania Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: Oceania Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: Oceania Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: Oceania Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 117: Oceania Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 120: Oceania Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 121: Oceania Market Volume (Tons) Analysis by End Use, 2019 to 2034
Figure 122: Oceania Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 124: Oceania Market Attractiveness by Type, 2024 to 2034
Figure 125: Oceania Market Attractiveness by End Use, 2024 to 2034
Figure 126: Oceania Market Attractiveness by Country, 2024 to 2034
Figure 127: MEA Market Value (US$ Million) by Type, 2024 to 2034
Figure 128: MEA Market Value (US$ Million) by End Use, 2024 to 2034
Figure 129: MEA Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: MEA Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: MEA Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: MEA Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 135: MEA Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 136: MEA Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 138: MEA Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 139: MEA Market Volume (Tons) Analysis by End Use, 2019 to 2034
Figure 140: MEA Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 141: MEA Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 142: MEA Market Attractiveness by Type, 2024 to 2034
Figure 143: MEA Market Attractiveness by End Use, 2024 to 2034
Figure 144: MEA Market Attractiveness by Country, 2024 to 2034
The cellulose ether and derivatives market is projected to reach a valuation of USD 9.0 billion in 2024.
The cellulose ether and derivatives industry is set to expand by a CAGR of 9.6% through 2034.
The cellulose ether and derivatives market is forecast to reach USD 22.6 billion by 2034.
Korea is expected to be the top performing market, exhibiting a CAGR of 12.0% through 2034.
Carboxymethyl cellulose segment is preferred, and is expected to account for a CAGR of 9.4% through 2034.
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