The India Cellulose Ether market reached 35 thousand tonnes in FY2023 and is expected to further grow at a CAGR of 3.56% during the forecast period until FY2034.
Cellulose Ether is a powder derived from the chemical treatment of short cotton fiber or wood fiber, reacting with etherifying agents like Chlorinated Ethylene and Chlorinated Propylene. It functions as a water-soluble polymer, serving as binders, thickeners, stabilizers, film formers, and rheology modifiers. Cellulose Ether serves diverse purposes across several industries, including food, pharmaceuticals, personal hygiene products, construction materials, papers, and adhesives. In pharmaceuticals, Cellulose Ether is extensively employed in tablet coatings, granulation, and plays a crucial role in controlling the release of chemicals. The versatility of Cellulose Ether makes it a valuable component in numerous applications, contributing to the functionality and quality of various products.
Increasing investments in infrastructure projects and the growing urban housing sector are expanding opportunities for the Cellulose Ether market. Infrastructure initiatives nationwide, including airport expansions, smart city projects, and the construction of buildings and offices, are driving demand for Cellulose Ether and its derivatives in the market. Furthermore, the growth of the Cellulose Ether market is gaining momentum in India due to emerging applications in various sectors. The market, encompassing Cellulose Ether is segmented based on type and among the types, Carboxy Methyl Cellulose Ether currently holds dominance in the Indian market, driven by its extensive applications in rapidly growing industries like pharmaceuticals, food & beverages, and the resurgence in oilfield activities. However, Hydroxy Ethyl Cellulose Ether is anticipated to experience the fastest growth during the forecast period, propelled by significant expansion in end-use industries such as pharmaceuticals, and building & construction. In the end of the forecast period, India Cellulose Ether market is likely to reach roughly 52 thousand tonnes.
Based on the region, the Cellulose Ether market is segmented into West, South, North, and South. Although, West India has observed to be dominating the market in the historic period of FY2015-FY2023 and captured about 35% of the market in FY2023. Western states like Gujarat and Maharashtra are the primarily causing this huge demand for Cellulose Ether and is anticipated to remain as the leading consumer in the forthcoming years as well owing to rapid consumption of Cellulose Ether in various industries.
Based on end-use segment, the India Cellulose Ether market is segmented into Paint & Coatings, Pharmaceuticals & personal care, Construction, Food Additives, and Others. Among these industries, Paint & Coatings is the leading segment and held a market share of roughly 45% in FY2023.
Players in the Indian Cellulose Ether market include Deepak Cellulose and Asha Cellulose (I) Pvt.Ltd. Global players in the global Cellulose Ether market are LOTTE Fine Chemical, Tianpu Chemical Company Limited, Ashland Inc, Shandong Head Co.Ltd., Shin-Etsu Chemical Co.Ltd., Shandong Tiansheng Cellulose Corp.Ltd., Nouryon, Hercules Jinan Maissen New Material Co.Ltd., Dow Chemical Company, Celotech Chemical Co.Ltd., and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2034
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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 India.
• To analyse and forecast the market size of Cellulose Ether in India.
• To classify and forecast India Cellulose Ether market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Cellulose Ether market in India.
To extract data for India 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 India Cellulose Ether market over the coming years.
ChemAnalyst calculated Cellulose Ether demand across India by analysing the volume of Cellulose Ether consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to calculate 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, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Cellulose Ether 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 FY2023
35 thousand tonnes
Market size Volume by FY2034
52 thousand tonnes
Growth Rate
CAGR of 3.56% from FY2024 to FY2034
Base year
FY2023
Estimated Year
FY2024
Historical Data
FY2015 – FY2022
Forecast period
FY2025 – FY2034
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2034
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End-Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Paint & Coatings, Pharmaceuticals & personal care, Construction, Food Additives, and Others)
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Member - Board of Directors
Osaka Gas Co. Ltd
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What is the anticipated market growth rate of India Cellulose Ether market for the forecast period of FY2024-FY2034?
Ans:
The India Cellulose Ether is anticipated to grow at a CAGR of 3.56% for the forecast period of FY2025-FY2034.
Q2.
Which industry of India had the highest demand for Cellulose Ether in FY2023 in India?
Ans:
The Paint & Coatings industry consumed the majority of Cellulose Ether in FY2023 in India with a market share of approximately 42%.
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