Covid-19 Impact on Hydroxyethyl Cellulose (HEC) Market Size, Status and Forecast 2020-2026
Hydroxyethyl cellulose (HEC) is a nonionic, water-soluble polymer that can thicken, suspend, bind, emulsify, form films, stabilize, disperse, retain water, and provide protective colloid action. It is readily soluble in hot or cold water and can be used to prepare solutions with a wide range of viscosities.The coatings industry in the United States, Western Europe, and Japan is mature and generally reflects the health of the economy, especially housing, construction, and transportation. Most of the market growth is driven by China and India because the technology of local manufacturers is still immature. During the forecast period, consumption in the Middle East will also grow moderately.
Compared to other celluloses such as CMC, the HEC market is highly concentrated and the CMC market is relatively fragmented. Ashland, Shin-Etsu Chemical and Dow Chemical are considered to be the three main players in the industry, accounting for 74% of the market. The HEC industry is an oligopoly, that is, a market with a very limited number of producers, a result of the high market entry barriers of high capital costs and the time-consuming and expensive process of product specification for final usage. But a worrying phenomenon is that there are many new players in China who are planning to enter this market. Currently, there are many small HEC manufacturers in China, but most of them have a production capacity of no more than 2,000 tons.
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Cellulose ethers function as stabilizers, thickeners, and viscosity modifiers in many industries, including food, pharmaceuticals, personal care products, oil field chemicals, construction, paper, adhesives, and textiles. In select applications, they compete with each other and with synthetic water-soluble polymers (polyvinyl alcohol, polyurethane associative thickeners, polyacrylates) and natural water-soluble polymers (xanthan gum, carrageenan, locust bean gum). The choice of polymer is determined by price/performance trade-offs, availability, and ease of product reformulation based on price/performance considerations.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Hydroxyethyl Cellulose (HEC) 3900 market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Hydroxyethyl Cellulose (HEC) 3900 industry.
Based on our recent survey, we have several different scenarios about the Hydroxyethyl Cellulose (HEC) 3900 YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 532 million in 2019. The market size of Hydroxyethyl Cellulose (HEC) 3900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Hydroxyethyl Cellulose (HEC) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Hydroxyethyl Cellulose (HEC) market in terms of both revenue and volume.
Players, stakeholders, and other participants in the global Hydroxyethyl Cellulose (HEC) market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Sales and Pricing Analyses
Readers are provided with deeper sales analysis and pricing analysis for the global Hydroxyethyl Cellulose (HEC) market. As part of sales analysis, the report offers accurate statistics and figures for sales and revenue by region, by each type segment for the period 2015-2026.
In the pricing analysis section of the report, readers are provided with validated statistics and figures for the price by players and price by region for the period 2015-2020 and price by each type segment for the period 2015-2020.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Hydroxyethyl Cellulose (HEC) market, covering important regions, viz, United States, Europe, China and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of sales for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Hydroxyethyl Cellulose (HEC) market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Hydroxyethyl Cellulose (HEC) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Hydroxyethyl Cellulose (HEC) market.
The following manufacturers are covered in this report:
- Ashland
- Shin-Etsu Chemical
- Dow Chemical
- Luzhou North Chemical
- Daicel Corporation
- Chemcolloids
- Zhejiang Haishen
Hydroxyethyl Cellulose (HEC) Breakdown Data by Type
- Industrial Grade
- Pharmaceutical Grade
- Food Grade
- Cosmetic Grade
Industrial Grade types accounted for the largest market share of 93%, while Cosmetic Grade was the fastest growing type
Hydroxyethyl Cellulose (HEC) Breakdown Data by Application
- Paint
- Oilfield
- Building Material
- Personal Care and Cosmetic
- Food
- Pharmaceuticals
- Others
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Table of content
1 Study Coverage
1.1 Hydroxyethyl Cellulose (HEC) Product Introduction
1.2 Market Segments
1.3 Key Hydroxyethyl Cellulose (HEC) Manufacturers Covered: Ranking by Revenue
1.4 Market by Type
1.4.1 Global Hydroxyethyl Cellulose (HEC) Market Size Growth Rate by Type
1.4.2 Industrial Grade
1.4.3 Pharmaceutical Grade
1.4.4 Food Grade
1.4.5 Cosmetic Grade
1.5 Market by Application
1.5.1 Global Hydroxyethyl Cellulose (HEC) Market Size Growth Rate by Application
1.5.2 Paint
1.5.3 Oilfield
1.5.4 Building Material
1.5.5 Personal Care and Cosmetic
1.5.6 Food
1.5.7 Pharmaceuticals
1.5.8 Others
1.6 Coronavirus Disease 2019 (Covid-19): Hydroxyethyl Cellulose (HEC) Industry Impact
1.6.1 How the Covid-19 is Affecting the Hydroxyethyl Cellulose (HEC) Industry
1.6.1.1 Hydroxyethyl Cellulose (HEC) Business Impact Assessment - Covid-19
1.6.1.2 Supply Chain Challenges
1.6.1.3 COVID-19’s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Hydroxyethyl Cellulose (HEC) Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.6.3.2 Proposal for Hydroxyethyl Cellulose (HEC) Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
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