Cellulose
Ethers Market Size and Growth Rate:
Cellulose Ethers Market was valued at
USD xx million in 2017 and projected to reach USD xx million by 2023 growing at
a CAGR of xx% during the forecast period 2018 to 2023.
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Cellulose
Ethers Market Growth Drivers and Restraints:
The high-growth application areas such
as the pharmaceuticals, personal care, food ingredients, construction, along
with expansion & new product launch activities undertaken by companies are
the key factors driving the growth in the global cellulose ether & its
derivatives market.
The availability of raw materials
required for the production of cellulose ether and the low cost of production
can propel the global demand for this material during the projected period.
Characteristics of cellulose ether including cover activity make it act as a
stabilizer as well as a thickener in aqueous explications. This makes the
product useful in different industries such as cosmetics, construction, PVC
products, and petroleum.
Geographical Analysis of Cellulose
Ethers Market:
In term of regions, Asia Pacific held
a key share of the global market in 2015. Increasing population coupled with
the availability of cheap labor required for the production of cellulose ether
can fuel the demand for this market in the Asia Pacific. The market in the
region is projected to expand at a rapid pace, owing to the presence of
emerging economies such as India and China. Growth of application sectors such
as food & beverages, construction, pharmaceuticals, and personal care is
also driving the cellulose ether market in the Asia Pacific.
The markets in North America and
Europe are mature and are propelled to witness moderate growth during the
forecast period, owing to saturation of the markets. Primary players operating
in the market for cellulose ether are strategizing to shift their production
facilities to emerging economies of Asia Pacific such areas China, Malaysia,
and India. This can be attributed to the low cost of production of cellulose
ether and the easy availability of raw materials in these countries.
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Key Players of Cellulose
Ethers Market:
Some of the Major key players
operating in the global market for cellulose ether are The Ashland, Akzo Nobel
N.V., Dow Chemical Company, and Shin-Etsu Chemical Co.
Cellulose
Ethers Market Segmentation:
By
Product:
·
Water Soluble
·
Solvent Soluble
By Application:
·
Pharmaceuticals
·
Personal Care
·
Foods & Beverages
·
Paints & Coatings
By Region:
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle East and Africa
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