The Global Cellulose Ether Derivatives Market is valued to reach USD 6.3 Billion in 2021, growing at CAGR of 6.2% over the forecast period 2020–2026. The factors driving the market growth include rise in construction sector, increase in the number of oil drilling activities coupled with surging demand for polyvinyl chloride.
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Global Cellulose Ether and its Derivatives Market By Product Type (Cellulose Ether & Derivatives Market, Methyl Cellulose & Derivatives, Carboxymethyl Cellulose, Hydroxyethyl Cellulose, Hydroxypropyl Cellulose, Ethyl Cellulose), Application (Foods & Beverages, Construction, Paints & Coatings, Drilling Fluids, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) — Industry Trends and Forecast to 2026
Cellulose ethers are polymers produced by the chemical modification of cellulose. Cellulose ethers perform a variety of functions such as thickening, binding, water retention, soil ant redisposition, and acting as a protective colloid in many industries. There is a growing demand for cellulose ether and its derivatives in pharmaceuticals, personal care, foods and beverages and paints and coatings activates, which is expected to be one of the major drivers of the market over the next seven years.
- The rise in construction sector is also going to drive market.
- There is increase in the number of oil drilling activities is market.
- There is rise in the global demand for polyvinyl chloride is expected to be driving the market growth.