Methyl Cellulose Market Analysis, Trends, and Forecasts 2022-2030
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
Analysis 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 analysis
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 analysis 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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