Cellulose Derivative Excipient Market To Reflect Impressive Expansion During 2019-2029

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

Persistence Market Research (PMR) has released a new market study on the cellulose derivative excipient market that involves global industry analysis of historic 2014–2018 and forecast 2019–2029 with 2018 as the base year. The report offers a comprehensive analysis for a ten year forecast. The global cellulose derivative excipient report estimates key macroeconomics and forecast factors that are projected to drive the growth of the market. The report analyze factors that are expected to drive the market over the forecast period as well as the restraints that are anticipated to affect the global market. The report on the cellulose derivative excipient market also discusses potential opportunities and latest trends in the global market across the value chain.

The global cellulose derivative excipient market was valued to be ~US$ 200 Mn in 2014, and is expected to exceed ~US$ 300 Mn by the end of 2019. The global market is projected to grow at a CAGR of ~6% between 2019 and 2029, and is estimated to reach a global value of around US$ 500 Mn by the end of 2029.

East Asia & South Asia to be Prominent Regions in the Global Cellulose Derivative Excipient Market

The growth of East and South Asia cellulose derivative markets is projected by emerging economies in regions such as Japan, China, India, and South Korea. The growing pharmaceutical sales in regions such as North America, Europe, and Asia-Pacific is expected to directly impact the global cellulose excipient market due to the increasing pharmaceutical production in these countries. As a consequence, the South Asia cellulose derivative excipient market is expected to grow lucratively with a significant CAGR value of ~8% over the forecast period of 2019-2029, in terms of value.

Growing Food and Cosmetics & Personal Care Industry to Boost the Market

The growing usage of excipients in food and cosmetics & personal care products as stabilizing agents, binders, bio-adhesives, and gelling agent has led to an increase in the demand for cellulose derivative excipients over the recent years. Countries such as the U.S., Germany, Spain, U.K., and Japan, have witnessed an increase in the demand for dietary supplements over the recent years.

The global cellulose derivative excipient market study has been completed in seven regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. The cellulose derivative excipient market is directly & indirectly dependent on the consumption and/or production of pharmaceutical, food, and cosmetics & personal care sectors in respective regions.

According to PMR study, North America and Europe markets are projected to be prominent regions with a significant growth rate and accounts for healthy shares in the global cellulose derivative excipient market due to the high consumption of such products. Owing to the production activities in South Asia, the South Asia market is expected to grow at a healthy CAGR of ~8% over the forecast period, in terms of value.

Key Players in the Global Cellulose Derivative Excipient Market

Henan BOTAI Chemical Building Materials Co. Ltd.
LOTTE Fine Chemicals
DowDuPont Inc.
Shin-Etsu Chemical Co., Ltd.
Tianjin ILE Pharmaceutical Materials Co., Ltd.
Eastman Chemical Company
Daicel Corporation.
Ashland Inc.
Anhui Sunhere Pharmaceutical Excipients Co., Ltd.
Nippon Soda Co., Ltd.
Shandong Head Co., Ltd.

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Summary of the Cellulose Derivative Excipient Market

The global cellulose derivative excipient market is projected to witness significant growth over the next ten years. The pharmaceutical segment specifically is expected to represent significant opportunities for manufacturers. Moreover, the increasing demand for hydroxypropyl methyl cellulose (HPMC) in multiple applications is also expected to represent significant potential for the market over the forecast years.