Global Methyl Cellulose Report |Global Trend Factor, Segmentation, Business Growth, Top Key Players Analysis Industry, Opportunities and Forecast to 2027
Methyl Cellulose is a chemical compound which is mainly derived from cellulose. It is available in the form of a hydrophilic white powder in pure form and dissolves in cold water which then forms a clear viscous solution or gel. Various kind of Methyl Cellulose derivatives can be prepared depending upon the number of hydroxyl groups. It is used as a thickener and emulsifier in numerous food and cosmetic products. Moreover, it is used as a water retaining adjuvant and is used in wood finishing as a thickener additive in paints. They prevent paint pigments from settling and offer excellent smoothness and consistency along with better adhesion of paint. Furthermore, they find wide application scope in numerous application such as cosmetic & personal care, pharmaceutical, paints & coatings, construction material, and others.
Some
of the prominent market factors that positively influence the Methyl Cellulose
Market growth are increasing demand from construction sector, improving living
standard, and continuous growth of automotive industry. Rapid industrialization
combined with rising disposable income in emerging economies are expected to
drive market growth over the forecast period, 2017 to 2023. Additionally,
increasing investment in the residential, institutional, and industrial
construction sector is estimated to give new impetus to the Methyl Cellulose
demand over the assessment period.
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Competitive Analysis:
The
major players operating in the Methyl Cellulose Market include The Dow Chemical
Company (U.S.), Ashland (U.S.), Sigma-Aldrich Co. LLC. (U.S.), Zhejiang Kehong
Chemical Co. Ltd (China), BASF SE (Germany), LOTTE Fine Chemical (South Korea),
Shin-Etsu Chemical Co., Ltd (Japan), Reliance Cellulose Products Ltd. (India),
Zhejiang Kehong Chemical Co. Ltd. (China), J. RETTENMAIER & SÖHNE GmbH + Co
KG (Germany) and others.
Market Segmentation:
The
Global Methyl Cellulose Market is divided into derivative, application, and
region. On the basis of derivative, the market is segmented into hydroxyethyl
methyl cellulose, hydroxybutyl methyl cellulose, and hydroxypropyl methyl
cellulose. Among these, hydroxypropyl methyl cellulose is expected to grow with
the highest CAGR on account of its wide utilization in cosmetics & personal
care products. Moreover, it provides better viscosity and colloid stabilization
in various types of lotions and creams. It can be highly consumed as a
stabilizer on account of its relatively high surface activity. Furthermore,
these are used to thicken and stabilize shampoos, shower gels, and liquid soaps
and a wide variety of skin care products. On the basis of application, the
market is segmented into construction material, cosmetic & personal care,
paints & coatings, pharmaceutical, and others. As of 2016, construction
material was predicted to hold the largest share in application segment and is predicted
to continue its dominance over the assessment period on account of rising
construction activities across the globe. Furthermore, Methyl Cellulose
protects the fibers from absorbing water and oil and thus find extensive use in
paper and textile market as a sizing substance.
Regional Analysis:
Asia
Pacific is estimated to be the largest market for Methyl Cellulose Market
followed by North America and Europe on account of rising demand from cosmetic
& personal care, paint & coatings, and construction sector. Emerging
economies such as India, China, Malaysia, and Vietnam are the fastest growing
market for Methyl Cellulose, and is estimated to grow with the same pace in the
near future. North America Methyl Cellulose Market is estimated to witness a steady
growth with Canada and U.S. being major contributor due to robust manufacturing
base of pharmaceutical and textile industries. Europe is expected to witness a
substantial growth over the assessment period owing to technological
advancement and increasing R&D spending by major players in the Methyl
Cellulose Market.
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