Cellulose Derivative Market forecasted to registering 5.3% CAGR during the forecast period (2022-2032) and projected to reach US$ 9,844 Million by 2032. Cellulose is natural polymer present in plants, and cellulose derivative is produced from the pulp. The pulp is basically a fibrous material yielded after separation of cellulose fibres from fibre crops, waste paper or from wood. Naturally, the cellulose derivatives are water insoluble but with chemical process and alterations of the molecules, they are modified into water-insoluble cellulose derivatives.
These water-insoluble cellulose derivatives find various applications such as in ceramics. Methylcellulose, cellulose derivative offers uniform thickness, better flow properties, and thermal gelation. Also, Cellulose ethers and cellulose esters which are also cellulose derivatives are widely used in pharmaceutical industries for formulations of health care products.
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Other pharmaceutical uses of cellulose derivatives include coating processes, mucoadhesive and bioadhesive drug delivery systems, osmotic drug delivery systems etc. Cellulose derivatives are also used in concrete mixtures as an additive, thus protects the water quality throughout construction. The cellulose derivatives are manufactured by various grades depending on the use such as, food grade, pharmaceutical grades, constructions grades etc.
Cellulose derivative finds applications even in soaps and shampoos for producing long lasting foam. The cellulose derivatives market is expected to expand significantly during the forecast period due to increasing consumption in the diverse application.
Global Cellulose Derivative Market: Drivers and Restraints
The global cellulose derivative market is primarily driven by the increasing demand from pharmaceutical, personal care, and cosmetic industries. Cellulose derivatives offer wide properties such as stabilization, emulsification, reversible thermal gelation etc.
These properties are enormously required in the food industry and increasing demand for these functional additive properties propels the global cellulose derivatives market.
However, the stringent regulations for cellulose derivative might impact the growth of cellulose derivative market.
Global Cellulose derivative Market: Region wise Outlook
The global cellulose derivative market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APEJ holds the major share in the global cellulose derivative market due increasing consumption in various application such as food industry, construction and pharmaceutical industries.
Followed by APEJ is North America and Europe and are expected to grow relatively at a higher CAGR during the forecast period. The global cellulose derivative market is anticipated to expand at a double digit CAGR growth due to expansion of end use industries during the forecast period.
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Global Cellulose Derivative Market: Key Players
Some of the key players identified in the global cellulose derivative market includes:
- Shin-Etsu Chemical Co., Ltd
- LOTTE Fine Chemical
- Samsung Fine Chemicals
- Daicel Corporation.
- Akzo Nobel N.V. (Performance additives)
- Ashland Inc.
- SE Tylose GmbH & Co. KG
- CP Kelco
- Shandong Head Europe BV
- Sichuan Nitrocell Co Ltd
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Global Cellulose Derivative Market: Segmentation
On the basis of cellulose derivative type:
- Methyl Cellulose Derivatives
- Carboxymethyl Cellulose Derivatives
- Hydroxyethyl Cellulose Derivatives
- Ethyl Cellulose Derivatives
- Other Cellulose Derivative Types
On the basis of cellulose derivatives grades:
- Food Grade Cellulose Derivatives
- Pharmaceutical Grade Cellulose Derivatives
On the basis of end use:
- Food Industry
- Pharmaceutical Industry
- Personal Care
- Construction
- Paint Industry
- Others