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Cellulose Ether and Its Derivatives Market Share, 2024
1. GLOBAL CELLULOSE ETHER & ITS DERIVATIVES
MARKET FORECAST & OPPORTUNITIES
2014 – 2024
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
PUBLISHED: April 2019
2. 2
Scope of Report
Product of Interest (POI): Cellulose Ether & Its Derivatives
Cellulose ethers are water-soluble polymers produced by the chemical modification of cellulose.
It is the powder generated with wood fiber or refined short cotton fiber as the main raw
material, after chemical treatment and by the reaction of etherifying agents such as chlorinated
ethylene, chlorinated propylene and oxidized ethylene.
Review Period
2014 – 2017
Base Year
2018
Estimated Year
2019
Forecast Period
2020 – 2024
Year Range
Product Type
• Carboxy methyl cellulose
• Methyl cellulose
• Ethyl cellulose
• Hydroxypropyl Methyl cellulose
• Others
Market Segmentation
• Europe
• North America
• Asia-Pacific
• Middle East and Africa
• South America
RegionEnd- User
• Construction
• Personal Care
• Foods & Beverages
• Pharmaceuticals
• Oil field Application
• Others
3. 3
Table of Contents
S. No. Contents
1. Cellulose Ether & Its Derivatives: An Introduction
2. Research Methodology
3. Executive Summary
4. Voice of Customer/End User Analysis
4.1. Factors to be considered for product selection
4.2. Factors Influencing Purchase Decision
4.3. Challenges/Issues Faced Post Purchase
4.4. Unmet Needs
5. Global Cellulose Ether & Its Derivatives Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value and Volume
5.2. Market Share & Forecast
5.2.1. By Product Type ( Carboxy Methyl Cellulose, Ethyl Cellulose, Methyl Cellulose, Hydroxypropyl methyl Cellulose, Others)
5.2.2. By End- user ( Construction, Personal Care, Foods & Beverages, Pharmaceuticals, Oil field Applications, Others)
5.2.3. By Region (Europe; North America; Asia-Pacific; South America; Middle East & Africa)
5.2.4. By Company (2018)
5.3. Market Attractiveness Index (By Product Type; By Application; By Region)
6. Europe Cellulose Ether & Its Derivatives Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value and Volume
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By End- user
6.2.3. By Country (UK; Germany; Italy; Russia; France; and Rest of Europe)
6.3 United Kingdom Cellulose Ether & Its Derivatives Market Outlook
4. 4
Table of Contents
S. No. Contents
6.3.1. Market Size & Forecast
6.3.1.1. By Value
6.3.2. Market Share & Forecast
6.3.2.1. By Product Type
6.3.2.2. By End- user
6.4. Germany Cellulose Ether & Its Derivatives Market Outlook
6.4.1. Market Size & Forecast
6.4.1.1. By Value
6.4.2. Market Share & Forecast
6.4.2.1. By Product Type
6.4.2.2. By End- user
6.5. Italy Cellulose Ether & Its Derivatives Market Outlook
6.5.1. Market Size & Forecast
6.5.1.1. By Value
6.5.2. Market Share & Forecast
6.5.2.1. By Product Type
6.5.2.2. By End- user
6.6. Russia Cellulose Ether & Its Derivatives Market Outlook
6.6.1. Market Size & Forecast
6.6.1.1. By Value
6.6.2. Market Share & Forecast
6.6.2.1. By Product Type
6.6.2.2. By End- user
6.7. France Cellulose Ether & Its Derivatives Market Outlook
6.7.1. Market Size & Forecast
5. 5
Table of Contents
S. No. Contents
6.7.1.1. By Value
6.7.2. Market Share & Forecast
6.7.2.1. By Product Type
6.7.2.2. By End- user
7. North America Cellulose Ether & Its Derivatives Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value and Volume
7.2. Market Size & Forecast
7.2.1. By Product Type
7.2.2 By End- user
7.2.3. By Country (United States; Canada; Mexico; and Rest of North America)
7.3. United States Cellulose Ether & Its Derivatives Market Outlook
7.3.1. Market Size & Forecast
7.3.1.1. By Value
7.3.2. Market Share & Forecast
7.3.2.1. By Product Type
7.3.2.2. By End- user
7.4. Canada Cellulose Ether & Its Derivatives Market Outlook
7.4.1. Market Size & Forecast
7.4.1.1. By Value
7.4.2. Market Share & Forecast
7.4.2.1. By Product Type
7.4.2.2. By End- user
7.5. Mexico Cellulose Ether & Its Derivatives Market Outlook
7.5.1. Market Size & Forecast
6. 6
Table of Contents
S. No. Contents
7.5.1.1. By Value
7.5.2. Market Share & Forecast
7.5.2.1. By Product Type
7.5.2.2. By End- user
8. Asia-Pacific Cellulose Ether & Its Derivatives Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value and Volume
8.2. Market Size & Forecast
8.2.1. By Product Type
8.2.2 By End- user
8.2.3. By Country (China; Japan; India; South Korea; Australia; and Rest of Asia Pacific)
8.3. China Cellulose Ether & Its Derivatives Market Outlook
8.3.1. Market Size & Forecast
8.3.1.1. By Value
8.3.2. Market Share & Forecast
8.3.2.1. By Product Type
8.3.2.2. By End- user
8.4. Japan Cellulose Ether & Its Derivatives Market Outlook
8.4.1. Market Size & Forecast
8.4.1.1. By Value
8.4.2. Market Share & Forecast
8.4.2.1. By Product Type
8.4.2.2. By End- user
8.5. India Cellulose Ether & Its Derivatives Market Outlook
8.5.1. Market Size & Forecast
7. 7
Table of Contents
S. No. Contents
8.5.1.1 By Value
8.5.2. Market Share & Forecast
8.5.2.1. By Product Type
8.5.2.2. By End- user
8.6. South Korea Cellulose Ether & Its Derivatives Market Outlook
8.6.1. Market Size & Forecast
8.6.1.1. By Value
8.6.2. Market Share & Forecast
8.6.2.1. By Product Type
8.6.2.2. By End- user
8.7. Australia Cellulose Ether & Its Derivatives Market Outlook
8.7.1. Market Size & Forecast
8.7.1.1. By Value
8.7.2. Market Share & Forecast
8.7.2.1. By Product Type
8.7.2.2. By End- user
9. South America Cellulose Ether & Its Derivatives Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value and Volume
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By End- user
9.2.3. By Country (Argentina; Brazil; Colombia; and Rest of South America)
9.3. Argentina Cellulose Ether & Its Derivatives Market Outlook
8. 8
Table of Contents
S. No. Contents
9.3.1. Market Size & Forecast
9.3.1.1. By Value and Volume
9.3.2. Market Share & Forecast
9.3.2.1. By Product Type
9.3.2.2. By End- user
9.4. Brazil Cellulose Ether & Its Derivatives Market Outlook
9.4.1. Market Size & Forecast
9.4.1.1. By Value and Volume
9.4.2. Market Share & Forecast
9.4.2.1. By Product Type
9.4.2.2. By End- user
9.4.3. Competition Outlook
9.5. Colombia Cellulose Ether & Its Derivatives Market Outlook
9.5.1. Market Size & Forecast
9.5.1.1. By Value and Volume
9.5.2. Market Share & Forecast
9.5.2.1. By Product Type
9.5.2.2. By End- user
10. Middle East & Africa Cellulose Ether & Its Derivatives Market Outlook
10.1 Market Size & Forecast
10.1.1 By Value and Volume
10.2. Market Size & Forecast
10.2.1. By Product Type
10.2.2. By End- user
10.2.3. By Country (UAE; Qatar; Saudi Arabia, South Africa and Rest of Middle East & Africa)
9. 9
Table of Contents
S. No. Contents
10.3 UAE Cellulose Ether & Its Derivatives Market Outlook
10.3.1. Market Size & Forecast
10.3.1.1. By Value and Volume
10.3.2. Market Share & Forecast
10.3.2.1. By Product Type
10.3.2.2. By End- user
10.4. Qatar Cellulose Ether & Its Derivatives Market Outlook
10.4.1. Market Size & Forecast
10.4.1.1. By Value and Volume
10.4.2. Market Share & Forecast
10.4.2.1. By Product Type
10.4.2.2. By End- user
10.5. Saudi Arabia Cellulose Ether & Its Derivatives Market Outlook
10.5.1. Market Size & Forecast
10.5.1.1. By Value and Volume
10.5.2. Market Share & Forecast
10.5.2.1. By Product Type
10.5.2.2. By End- user
10.6. South Africa Cellulose Ether & Its Derivatives Market Outlook
10.6.1 Market Size & Forecast
10.6.1.1. By Value and Volume
10.6.2 Market Share & Forecast
10.6.2.1. By Product Type
10.6.2.2. By End- user
11. Market Dynamics
10. 10
Table of Contents
S. No. Contents
11.1. Impact Analysis
11.2. Drivers/Key Growth Levers
11.2.1. Sustainable Product, as It is Derived From Wood
11.2.2. High Growth in Application Areas Such as Personal Care, Pharmaceuticals, Construction, etc.
11.3. Challenges/Restraints
11.3.1. Emission of Haps (Hazardous Air Pollutants) During Production
12. Market Trends & Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles (Leading 10 Companies)
13.2.1 Basic details
13.2.2. Financials (As Reported)
13.2.3. Supply chain analysis
13.2.4. Key market focus and geographical presence
13.2.5. Planned investments
13.2.6. Pricing of target products
13.2.7. Market Positioning
14. Strategic Recommendations
11. 11
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing list
of respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the Global Cellulose Ether
& Its Derivatives Market,
overall market size and
segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the Global Cellulose Ether &
Its Derivatives Market
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Final Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Website
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research
12. 12
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of global cellulose ether & its derivatives market. The team has
analyzed the outlook of various segments of this market, while considering the major influencing factors such as high growth in application areas such
as personal care, pharmaceuticals, etc., which are speculated to drive the growth of the market during the next 5 years. The study includes market
forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global cellulose ether & its
derivatives market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value & Volume : Market size, in terms of value and volume, for the year 2018 was calculated based on information collected
through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as cellulose ether & its derivatives
supplier companies, channel partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 100 stakeholders in the global cellulose ether & its derivatives market to obtain the overall market size from 2014-
2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the
market size data from 2014-2018.
• Respondents were asked about the current and future market growth rates, market shares by product type , end – user and by region. Removing
the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were
considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other
stakeholders depending upon the type of cellulose ether & its derivatives.
13. 13
Research Methodology
Methodology Followed for Calculation of Market Shares:
Market shares by product type , by end - user, by region, by company were calculated based on the responses received through primary surveys with
industry experts, in which the respondents were asked about the market shares or revenue generated from various types of cellulose ether & its
derivatives. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the
outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global cellulose
ether & its derivatives market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
14. 14
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
▪ Ashland Inc.
▪ CP Kelco
▪ Shin - Etsu Chemicals Co Ltd
▪ The Dow Chemicals Company
▪ AkzoNobel N.V.
▪ Fenchem Biotek Limited
▪ Shandong Head Co., Ltd
▪ Lotte Fine Chemicals
▪ S & A Fine Chemicals
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
15. 15
Country 2014 2015 2016 2017 2018
United States (USD) 1 1 1 1 1
Canada (Canadian Dollar) 1.10 1.28 1.33 1.30 1.30
Mexico (Mexican Peso) 13.31 15.79 18.68 18.91 19.23
Germany (Euro) 0.72 0.82 0.91 0.95 0.83
United Kingdom (Pound) 0.61 0.65 0.74 0.78 0.75
Italy (Euro) 0.72 0.82 0.91 0.95 0.83
France (Euro) 0.72 0.82 0.91 0.95 0.83
India (INR) 61.01 64.12 67.18 65.11 68.41
China (Yuan) 6.16 6.28 6.64 6.76 6.62
Japan (Yen) 105.86 121.06 108.80 112.15 110.43
South Korea (Won) 1,053.58 1,132.33 1,161.22 1,130.44 1,100.50
Brazil (Real) 2.35 3.34 3.49 3.19 3.65
Argentina (Peso) 8.11 9.25 14.76 16.56 28.14
Colombia (Colombian Peso) 2,000.65 2,740.97 3,053.16 2,948.89 2,956.12
South Africa (Rand) 10.84 12.77 14.71 13.30 13.26
Saudi Arabia (Riyal) 3.75 3.75 3.75 3.75 3.75
UAE (Dirham) 3.67 3.67 3.67 3.67 3.67
Qatar (Qatari Rial) 3.63 3.63 3.63 3.61 3.64
Research Methodology
Currency Exchange Rates
• The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
• The company revenues were taken from their annual reports.
• Average annual currency conversion rate was used for companies that reported their revenue in other currencies.
Source:USForex,TheBureauoftheFiscalServiceandUSDepartmentofTreasury
16. 16
Industry Brief
According to TechSci Research report, “Global Cellulose Ether & Its Derivatives Market By Product Type, By End-User, By Region, Competition,
Forecast & Opportunities, 2024”, Global cellulose ether & its derivatives market is projected to cross $ 5 billion by 2024, driven by increasing
construction activities along with growth of pharmaceutical and personal care industries. Some of the key players in the market are Ashland Inc.,
The Dow Chemical Company, Cp Kelco, Shin-Etsu Chemical Co. Ltd., Akzonobel, Ashland Inc., Daicel Finechem Ltd., Lotte Fine Chemicals,
DKS Co. Ltd. and China Ruitai International Holdings Co. Ltd.
In terms of end-user, the market has been segmented into construction, personal care, food & beverages, pharmaceuticals, paints & coatings,
oilfield applications and others. Among the various application segments, the construction sub-segment holds the largest market share.
Cellulose ethers are widely used to prevent water loss, delay coagulation and enhance the strength of structures. They also perform functions
such as thickening, binding and act as a protective colloid in many industries including food and beverages, pharmaceuticals, oil-field chemicals
and others (textiles and automobiles). Based on product type, the market has been segmented as carboxy methyl, methyl cellulose, ethyl
cellulose, hydroxypropyl methyl cellulose and others (hydroxyethyl, ethyl, hydroxypropyl, carboxymethyl cellulose, others. Among these product
types, carboxy methyl cellulose account for nearly half of the market share, owing to its increasing usage in pharmaceuticals, personal care and
food & beverages industries. In personal care industry, it is used in detergents and toothpaste and as a thickening agent in oil drilling activities.
“Government initiatives aimed at improving infrastructure is anticipated to propel the growth of construction industry, globally. Notably, the
market is expected to witness substantial growth during the forecast period, owing to increasing demand for cellulose ether & its derivatives in
construction as binders, thickeners and water-retention agents. Increasing penetration of cellulose ethers in pharmaceuticals, paints and food
applications is also anticipated to have a positive impact on the global market.”, stated Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
17. 17
S a m p l e D a t a - S n a p s h o t s h o t
Global Cellulose Ether & Its Derivatives Market, By Share, By Company, By
Value, 2018
Company A
Company B
Company C
Company D
Others
16.00%
16.00%
16.00%
16.00%
20.00%
Carboxymethyl Cellulose
Methyl Cellulose
Ethyl Cellulose
Hydroxypropyl Methyl Cellulose
Others
Global Cellulose Ether & Its Derivatives Market Share, By Product Type,
By Value, 2018
Global Cellulose Ether & Its Derivatives Market Size, By Value, 2019E &
2024F (USD Million)
Figure XX: Global Carboxymethyl Cellulose Market Size, By
Value, 2018 & 2024F (USD Billion)
XXX
2024F
XXX
2018
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
2014 2018 2019E 2024F
Global Cellulose Ether & Its Derivatives Market Size, By Value, 2014–2024F (USD Million)
18. 18
Report Ordering
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Report Name: GLOBAL CELLULOSE ETHER & ITS DERIVATIVES MARKET FORECAST &
OPPORTUNITIES 2014 – 2024
19. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci
Research provides market research reports in a number of areas to organizations. The company uses innovative business
models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a
unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of
company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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Partial List of Clients
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation
is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been
obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the
accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from
the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The
information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are
indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will
require prior approval of TechSci Research.
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