Electronics
Cellulose Ethers Market is Expected to Reach $4776 Million by 2023.
According to the new market research report by IndustryARC titled “Cellulose Ethers Market: By type (CMC,MC,HEC,HPC,EC and Others); By Application (Construction, Ceramic & Paints, Cosmetics and Personal Care, Adhesives & Coatings, Detergents, Pharmaceuticals, Pulp and Paper, Food and Beverage, Textiles, Oilfield Drillingand Others) By Geography, Forecast 2018-2023”, the market is driven by the growth of end user industries such as construction, ceramic & paints, pharmaceuticals, pulp and paper, etc.
Asia Pacific dominates the Cellulose Ethers Market during the forecast period
Asia Pacific has a major share in the Cellulose Ethers Market due to the growing cosmetics industry. Growth in disposable income, product innovation, emerging men’s grooming sector, increasing pollution, etc. drive the cosmetics market. The rising cost of raw materials for manufacturing cellulose ethers has been witnessed in Asia Pacific. The raw materials include cotton linter and wood pulp. Factors such as severe weather, damaged plantation and competition from other industries is driving the cost of the raw materials. In Asia Pacific, China has the largest share in the regional market. This contributed to almost 64% of the total APAC market in 2015. Cellulose Ethers finds its application in the construction industry in countries like Vietnam and Myanmar.
Selected Analysis done in the Cellulose Ethers Market Report:
Cellulose Ethers are used in the construction industry due to the growing consciousness about green chemicals. With the increased living standards in the society and growing awareness of health and safety in the environment, cellulose ether has now become a choice to replace conventional chemicals in the industry. It acts as a thickener, binder, film former, redispersible powder, promotes air entrainment, preservatives, retarder/accelerator, in different applications of the construction industry. These ethers are used in the construction stage of the building such as cement-based tile adhesives, tile grouts, self-leveling underlayment, mortars for skim coat, cement-based plasters, etc. Methyl Cellulose Ethers are mostly used as raw materials in the construction sector.
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Excerpts on Cellulose Ethers Market Growth Factors
- Growing demand for paints and coatings in the automobile and construction segment drives the growth of Cellulose Ethers.
- Increasing demand for healthier foods provides opportunities for cellulose ethers, which acts as alternative, without compromising the taste or texture.
- Increasing infrastructural investments along with the growth of the urban housing sector drives the demand for Cellulose Ethers.
- New entrants in the Cellulose Ethers market from related industries will drive the growth of Cellulose Ethers.
