The global market for cellulose ether has gained momentum on account of the importance of cellulose ether for a number of industrial processes. A report by TMR titled ‘Cellulose Ether Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024’ presents a host of factors that have propelled demand within the global. Furthermore, the report foretells the trends and opportunities that are projected to surface in the market over the coming years. The manufacturing of cellulose ether is preceded by the chemical modification of cellulose obtained from cotton or wood fibers. The demand for cellulose ether has also risen on account of the water-soluble nature and high molecular weight of the polymer.
It is expected that the global market for cellulose ether would attract tremendous demand from the manufacturers of several products ranging from cosmetics to petroleum. Some of the properties of cellulose ether that have popularized the polymer include water-solubility, water retention., surface activity, emulsification, and pH stability. The intensity of the aforementioned properties varies according to the type and quality of cellulose used for manufacturing the ether. Despite the complexity of the process of manufacturing cellulose ether, the market is expected to experience increased demand over the coming years. This is because, once manufactured, cellulose ether can be easily processed to get several end-products in key industries such as chemicals, petroleum, pharmaceuticals, and paints.
The primary reason behind the unhindered growth of the global market for cellulose ether is the unavailability of an economic substitute for the product. Furthermore, the cosmetics industry extensively uses cellulose ether which is expected to keep bolstering demand within the global market over the coming years. The manufacturing of Polyvinyl Chloride (PVCs) products also requires the use of cellulose ethers, and hence, the rising demand of the former has fortified the global cellulose ether market. Other factors that have aided the growth of the market include easy availability of raw materials and low cost of production of cellulose ether. While manufacturing adhesives and a range of pharmaceutical product, cellulose ether is used as a stabilizing polymer. Besides this, paints and coatings used in the constructions are also processed with the help of cellulose. Considering the aforementioned factors, it is safe to project that the global market for cellulose ethers would have a regular inflow of demand from several industries over the coming years.
The availability of cheap labor for the production of cellulose ether in India and China has resulted in the outsourcing of production in these countries. This factor, coupled with the rapid urbanization that has offset in Asia Pacific, is expected to fortify the market in the region. The saturation of the markets in North America and Europe is expected to contain the growth of these regional markets.
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Some of the leading players in the global market for cellulose ether are Ashland, Akzo Nobel N.V., The Dow Chemical Company, and Shin-Etsu Chemical Co.