Cellulose Ethers Market Size and Growth Rate:
Cellulose Ethers Market was valued at USD xx million in 2017 and projected to reach USD xx million by 2023 growing at a CAGR of xx% during the forecast period 2018 to 2023.
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Cellulose Ethers Market Growth Drivers and Restraints:
The high-growth application areas such as the pharmaceuticals, personal care, food ingredients, construction, along with expansion & new product launch activities undertaken by companies are the key factors driving the growth in the global cellulose ether & its derivatives market.
The availability of raw materials required for the production of cellulose ether and the low cost of production can propel the global demand for this material during the projected period. Characteristics of cellulose ether including cover activity make it act as a stabilizer as well as a thickener in aqueous explications. This makes the product useful in different industries such as cosmetics, construction, PVC products, and petroleum.
Geographical Analysis of Cellulose Ethers Market:
In term of regions, Asia Pacific held a key share of the global market in 2015. Increasing population coupled with the availability of cheap labor required for the production of cellulose ether can fuel the demand for this market in the Asia Pacific. The market in the region is projected to expand at a rapid pace, owing to the presence of emerging economies such as India and China. Growth of application sectors such as food & beverages, construction, pharmaceuticals, and personal care is also driving the cellulose ether market in the Asia Pacific.
The markets in North America and Europe are mature and are propelled to witness moderate growth during the forecast period, owing to saturation of the markets. Primary players operating in the market for cellulose ether are strategizing to shift their production facilities to emerging economies of Asia Pacific such areas China, Malaysia, and India. This can be attributed to the low cost of production of cellulose ether and the easy availability of raw materials in these countries.
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Key Players of Cellulose Ethers Market:
Some of the Major key players operating in the global market for cellulose ether are The Ashland, Akzo Nobel N.V., Dow Chemical Company, and Shin-Etsu Chemical Co.
Cellulose Ethers Market Segmentation:
· Water Soluble
· Solvent Soluble
· Personal Care
· Foods & Beverages
· Paints & Coatings
· North America
· South America
· Asia Pacific
· Middle East and Africa
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