H1 2023: The major producers of Cellulose Ether during H1 2023 were Shin-Etsu Chemical Co.Ltd, Shandong Head Co.Ltd., and LOTTE Fine Chemical. However, Shin-Etsu Chemical Co.Ltd was leading across the globe on the basis of cellulose ether production capacity. In H1 2023, Cellulose Ether market was pessimistic despite sufficient inquiries from the downstream pharmaceutical and construction industries across the Asian countries. The low prices of cellulose ether in the Asian market were due to an oversupply of the product in the Asian market. China aimed towards economic recovery and local manufacturing industry's capacity utilization rate was strong during H1 2023. The port activities were smooth in the region. The prices for raw material fell significantly which reduced the manufacturing costs of cellulose ether. All these factors had a significant impact on the final price of the product. Similarly in Europe, the market value of cellulose ethers decreased due to increased inventories and decreased demand by the downstream industries such as paints & coatings and construction. Consumption of paints & coatings from the construction industry was quite gloomy in the European market, which led to poor consumption rate of cellulose ether, which contributed to the downward trend in cellulose ether prices during H1 2023.
The global Cellulose Ether market stood around 520 thousand tonnes in 2022 and is expected to grow at a steady CAGR of 4.88% in the forecast period until 2032 backed up by its application in the Paints & Coatings, Pharmaceuticals, Personal care, Construction, and Food Additives industries.
Cellulose Ether appears as a white powder with no significant odor. When small cotton fibers or wood fibres are chemically treated and subsequently reacted with etherifying agents like chlorinated ethylene and chlorinated propylene, cellulose ether is produced. It possesses water-soluble properties and is used as a binding, thickener, stabilizers, film maker, and rheological properties modifier. Cellulose Ether is employed in various industries such as food, medicines, personal hygiene products, chemicals for oil and gas fields, construction materials, papers, adhesives, and textiles. Cellulose ethers also find application in the textile industry to size, smoothen, and thicken textile pulp. In the pharmaceuticals, cellulose ethers find applications in tablet coatings, granulation, and useful in control release of chemicals.
The demand for Cellulose Ether is anticipated to rise in the forecast period primarily due to its application in the Paint & Coatings sector. The paint industry uses cellulose ether polymers as thickening agents for aqueous paints. The increase in the construction of buildings and infrastructure which requires high volumes of paint, coatings, and other materials, is anticipated to propel the Cellulose Ether market in the forecast period. Furthermore, application of Cellulose Ether in the food & beverage industry as gelling agents and stabilizers further contributes to the market. The most common use for cellulose ether is as an active ingredient in pharmaceuticals and as tablet binders, which further contributes to the market growth. Throughout the projection period, the Cellulose Ether demand is estimated to reach 840 thousand tonnes in the forecast period.
Region-wise, the Asia Pacific is ahead in the global demand for Cellulose Ether on a global scale followed by Europe and North America. In 2022, Asia Pacific consumed 52% of net Cellulose Ether. The growing demand of Cellulose Ether in the growing economies like India, China and Japan for applications in various industries including building, food & beverages, medicines, and personal care, is likely to propel the market expansion in the Asia Pacific region. With the low-priced labor costs and abundance of raw materials, Asia Pacific again leads in terms of producing cellulose ether with China as the key player.
Based on type, the global Cellulose Ether market is divided into Carboxymethyl Cellulose (CMC), Methyl Cellulose, Hydroxyethyl Cellulose (HEC), and Others. Carboxymethyl Cellulose (CMC) is the dominating the Cellulose Ether market and extensively employed in the food and pharmaceutical sector. CMC acts as a binder in food items by holding water which helps in producing the desired shape and texture of food. In the pharmaceutical sector, CMC is employed to manufacture eye drops. CMC Eye Drops can also soothe any discomfort and dryness of eyes.
Based on the end-user industry, the global Cellulose Ether market is segmented into Paint & Coatings, Pharmaceuticals & personal care, Construction, Food Additives, and Others. Paint & Coatings industry is dominating the Cellulose Ether market with an estimated market share of 40% in 2022. Furthermore, the Pharmaceuticals & personal care also holds significant market share of the global Cellulose Ether market owing to their rheology modification property.
Major players in the production of Global Cellulose Ether market are Shandong Head Co.Ltd., LOTTE Fine Chemical, Ashland Inc, Celotech Chemical Co.Ltd., Shin-Etsu Chemical Co.Ltd., Nouryon, Shandong Tiansheng Cellulose Corp.Ltd., Hercules Tianpu Chemical Company Limited, Jinan Maissen New Material Co.Ltd., Dow Chemical Company, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Cellulose Ether which covers production, demand and supply of Cellulose Ether market in the globe.
• To analyse and forecast the market size of Cellulose Ether
• To classify and forecast Global Cellulose Ether market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Cellulose Ether market in the globe.
To extract data for Global Cellulose Ether market, primary research surveys were conducted with Cellulose Ether manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Cellulose Ether market over the coming years.
ChemAnalyst calculated Cellulose Ether demand in the globe by analyzing the historical data and demand forecast which was carried out considering the plant expansion, production and demand of Cellulose Ether across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Cellulose Ether manufacturers and other stakeholders
• Organizations, forums and alliances related to Cellulose Ether distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Cellulose Ether manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Cellulose Ether s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
520 thousand tonnes
Market size Volume by 2032
840 thousand tonnes
Growth Rate
CAGR of 4.88% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Paint & Coatings, Pharmaceuticals & personal care, Construction, Food Additives, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Cellulose Ether market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Cellulose Ether.
3. Capacity By Location
To better understand the regional supply of Cellulose Ether by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Cellulose Ether by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types: Carboxymethyl Cellulose (CMC), Methyl Cellulose, Hydroxyethyl Cellulose (HEC), and Others, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Paint & Coatings, Pharmaceuticals & personal care, Construction, Food Additives, and Others) are creating a market and the forecast for the growth of the Cellulose Ether market.
8. Demand by Region
Analyzing the change in demand of Cellulose Ether in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Cellulose Ether. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Cellulose Ether.
11. Company Share
Figure out what proportion of the market share of Cellulose Ether is currently held by leading players across the globe.
12. Country-wise Export
Get details about quantity of Cellulose Ether exported by major countries.
13. Country-wise Import
Get details about quantity of Cellulose Ether imported by major countries.
14. Manufacturing Process
Discover insights into the intricate manufacturing process of Cellulose Ether.
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What is the expected global market size of Cellulose Ether in terms of volume for 2032?
Ans:
The global market size of Cellulose Ether is expected to reach approximately 840 thousand tonnes by 2032, and it is expected to further expand with a CAGR of 4.88%.
Q2.
What are the major end-use industries of Cellulose Ether?
Ans:
Cellulose Ether is used in a wide range of end use industries including Paint & Coatings, Pharmaceuticals & personal care, Construction, and Food Additives.
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