The report “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″, is estimated at USD 8.1 billion in 2023 and is projected to reach USD 12.5 billion by 2028, at a CAGR of 9.1% from 2023 to 2028. The cellulose ether & its derivatives are used in several applications in pharmaceutical, personal care, food, construction, oil & gas, and other end-use industries, which helps the market to grow rapidly. In addition to this, the growing demand for cellulose ether & derivatives in various end-use industries from emerging economies such as China and India is also propelling the growth of the market.
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- 285 Market data Tables
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- 259 Pages and in-depth TOC on “Cellulose Ether & Derivatives Market – Global Forecast to 2028”
Some of the prominent key players are:
· 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)
Driver: High demand from the growing construction industry
The construction industry is a major driver of the cellulose ether & derivatives market. The demand for these compounds is driven by the need for improved construction materials, such as cement, mortar, and adhesives, which require enhanced workability, water retention, and durability. The increasing construction activities, infrastructure development, and focus on sustainable building practices contribute to the growth of the market.