Cellulose is the richest organic compound in the world mostly produced by plants. It is the most structural component in herbal cells and tissues. Cellulose is a natural long chain polymer that plays an important role in human food cycle indirectly. This polymer has multipurpose uses in many industries such as veterinary foods, wood and paper, fibers and clothes, cosmetic and pharmaceutical industries as excipient. Cellulose has semi-synthetic derivatives that are extensively used in pharmaceutical and cosmetic industries. Cellulose ethers and cellulose esters are two main groups of cellulose derivatives with different physicochemical and mechanical properties.
The global cellulose derivatives market is segmented on the basis of derivative type, derivative grades, end-use application, and region. On the basis of derivative type, the global market is classified into Methyl cellulose derivative, Carboxymethyl cellulose derivative, Hydroxyethyl cellulose derivatives, Ethyl cellulose derivatives, Others.
These types of derivatives are generally used in shampoos, tooth pastes, and liquid soaps to produce their representative reliability with respect to thickness. “Methyl cellulose derivatives” sector is expected to be the fastest growing one among different product types of cellulose ether. “Methyl cellulose derivative” sector accounts for the largest market share of cellulose derivatives market. Asia Pacific is the largest user of methyl cellulose and derivatives.
Carboxymethyl cellulose finds major use in industrial, food and beverages, pharmaceuticals, and personal care sectors in the cellulose derivative market. “Carboxymethyl cellulose” sector is expected to grow gradually during the forecast period with maximum market share by 2025. This is due to the surface-active properties of cellulose ether that allows it to act as a thickener and stabilizer in aqueous solutions, making it a beneficial additive in a wide variety of commercial products and industries.
On the basis of derivative grades, the global market is classified into Food grade, Pharmaceutical grade, Industrial grade. Growing pharmaceutical application is one of the key reasons for the growth of the cellulose ether & derivatives market globally. The “derivative grade” sector will grow at the highest CAGR during the forecast period by 2025. On the basis of end-use application, the global market is classified into Food Industry, Pharmaceutical Industry, Personal Care, Construction, Paint Industry, Others.
The pharmaceutical industry accounted for major market share of cellulose derivative market in terms of value in 2014. The market for cellulose derivatives in the pharmaceutical industry is driven by the rise in demand for advanced drugs. Cellulose ether & derivatives are used as tablet binders and pharmaceutical excipients (non-active ingredients); whereas “personal care and construction” segment is expected to grow gradually during the forecast period from 2014 to 2025.
Geographically, the global market is segmented into North America (Canada, The U.S.), Latin America (Mexico, Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, The Netherlands, BENELUX, Nordic countries), Eastern Europe (Russia, Rest of Eastern Europe), Asia Pacific (China, India, ASEAN, Australia & New Zealand, Japan), Middle East and Africa (GCC countries, S. Africa, and Rest of MEA).
Asia Pacific excluding Japan accounted for the largest market share of cellulose derivatives market in 2015 in terms of volume and value. This was due to increasing consumption in various applications such as food industry, construction, and pharmaceutical industries, high economic growth rate, cheap labor, and competitive manufacturing costs. North America and Europe are expected to grow at a higher CAGR during the forecast period from 2014 to 2025. 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 developing markets of Asia Pacific region. The substantial growth during the forecast period in cosmetics and personal care industry in the Africa and Middle East markets is set to boost the RoW in terms of volume growth by 2025.
With the recent expansion activities by key players in the Asia-Pacific region, the demand for cellulose derivatives in this region is expected to register the highest CAGR between 2014 and 2025.
The key players of cellulose derivatives market are Shin-Etsu Chemical Co., Ltd, LOTTE Fine Chemical, Samsung Fine Chemicals, Daicel Corporation., Akzo Nobel N.V. (Performance additives), Ashland Inc., SE Tylose GmbH & Co. KG, CP Kelco, Shandong Head Europe BV, Sichuan Nitrocell Co Ltd.
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