New Study: Cellulose Ether & Derivatives Market - Global Trends & Forecast to 2020

Cellulose Ether & Derivatives Market by Product Type (MC, EC, HEC, HPC, & CMC), by Application (Pharmaceuticals, Personal Care, Construction, Food Industry, & Others), by Region (North America, Europe, Asia-Pacific, & RoW) - Global Trends & Forecast to 2020

"The high-growth application areas, such as personal care, pharmaceutical, construction, food ingredients are driving the demand in the cellulose ether & derivatives market."

The global cellulose ether & derivatives market is projected to reach USD 6.30 billion, by 2020, registering a CAGR of 7.2%, between 2015 and 2020. Growing pharmaceutical application is one of the key reasons for the growth of the cellulose ether & derivatives market, globally. Emissions of HAPs (hazardous air pollutants) during production hinder the growth of the market. Asia-Pacific captures almost more than half of the cellulose ether & derivatives market owing to the growing production facilities and rise in the standard of living.

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"Methyl cellulose and derivatives, the fastest growing product type for cellulose ether & derivatives"

Cellulose ether & derivatives are high molecular weight compounds produced by changing the hydrogen atoms of hydroxyl groups in the anhydroglucose units of cellulose with alkyl or substituted alkyl groups. Methyl cellulose and its derivatives market consists of methyl cellulose, hydroxypropyl methyl cellulose, and hydroxyethyl methyl cellulose. Methyl cellulose and derivatives market is the fastest growing product type for cellulose ether & derivatives due to its performance and increasing demand from pharmaceutical applications.

"Asia-Pacific, the fastest-growing market of cellulose ether & derivatives"

Asia-Pacific is estimated to be the fastest-growing market for cellulose ether & derivatives market. The growth of the market in the region is attributed to expansion of production capacity, high demand for end-use products, and others. On the other hand, the matured markets of North America and Europe are not expected to witness growth as high as that in Asia-Pacific or RoW during the forecast period. These markets are saturated and do not have any domestic demand. Therefore, the manufacturing units in these two regions are closing only to expand in the emerging markets of the Asia-Pacific region. With the recent expansion activities by key players in the Asia-Pacific region, the demand for cellulose ether & derivatives in this region is projected to register the highest CAGR between 2015 and 2020.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided under three categories: by company, by designation, and by region.

* By Company Type- Tier 1- 34%, Tier 2- 33% and Tier 3- 33%
* By Designation- C Level- 12%, Director Level- 25% and Others- 63%

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