Cellulose Derivatives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Cellulose Esters, Cellulose Ethers, and Regenerated Cellulose), End-user Industry (Construction, Cosmetics & Pharmaceutical, Food & Beverage, Paints & Coatings, Plastics, Textile and Others), and Geography (Asia-Pacific, North America, Europe, and Rest of the World).

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The global market for cellulose derivatives is expected to grow at a CAGR of approximately 5.5% during the forecast period.

  • Major factors driving the market studied are the increasing demands from pharmaceutical industry.
  • Increasing Use of Cellulose Ether in Building and Construction Industry is also expected to contribute to the demand for cellulose derivatives during the forecast period.
  • The major hinderance to this market is the competition of regenerated cellulose fibers from synthetic fibers and other protein-based fibers. Manufacturers may often prefer switching toward inexpensive synthetic material, like polyester, to cut down their production costs. In addition, synthetic fibers possess superior characteristics of adaptability, durability, elasticity, and strength equal to that of VSF, making it a suitable choice for manufacturers.

Scope of the Report

The Cellulosic Derivatives market report include:

Chemical Type
Cellulose Esters
Cellulose Ethers
Regenerated Cellulose
End user Industry
Construction
Cosmetics & Pharmaceuricals
Food & Beverage
Paints & Coatings
Plastics
Textile
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Mexico
Canada
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Rest of the World
South America
Middle East & Africa

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Key Market Trends

Increasing Demand for Food Packaging

  • Cellulose derivatives such as methylcellulose, hydroxypropyl cellulose, and carboxymethyl cellulose (CMC) are being extensively used to produce films due to their suitable properties. Cellulose alone or in combination with other matrixes has been employed in food packaging applications.
  • Cellulose ether is odorless, tasteless, non-toxic, easily soluble, and can be stored for a long period of time. Furthermore, it has high viscosity and strong shape-preserving capacity, all of which makes it a preferred choice for the food and beverage industry.
  • In the food and beverage industry, cellulose ether is used as an extender of adhesive agent in the process of jam, sugar, fruit syrup, and pungent sauce. It is also used in various dessert preparations as it enables the tissue to be homogeneous and fine, thereby making the appearance of the dessert beautiful.
  • Other applications include stabilizing agent for the production of ice cream, shape fixing agent in the production of lemon and grape drinks, semi-fluid edible oil, as a film forming agent in the surface treatment of vegetables, fruit, eggs, and tea leaves to keep the original color and flavor for long, etc.
  • Food packaging market is expected to be around USD 425 billion market by 2025, right now it is estimated to be about USD 300 billion market. The underlying reason for the increase of food packaging is the increase of food demands because of increasing population.
Cellulose Derivatives Market - Segmentation

Asia Pacific to Dominate the Market

  • Asia Pacific is the largest market in cellulose derivatives, with market segments like textile industry, cosmetics and pharmaceuticals growing in the coming years. Moreover, the increasing penetration of the manufacturing base in the Asian countries is expected to support the growth.
  • Chinese textiles exports witnessed an annual growth of 8.1% in 2018 over 2017. In terms of share in world textile exports, China remained a global leader, with a share of around 37%. With the increase in textile production, the market is expected to register a gradual growth in China.
  • The Indian textiles sector is one of the oldest industries in the Indian economy dating back several centuries. India's overall textile exports stood at USD 39.2 billion in FY18 and are expected to increase to USD 82.00 billion by 2021.
  • Despite the global decline in the textile demand, the overall textile exports of Indonesia rose by 8% on a year-on-year basis in 2018, according to the Indonesian Textile Association (API). The growth of textile and textile product industry is resurging as the export market and domestic needs are growing.
  • Indonesian textile and textile products (TPT) recorded an export value of USD 12.78 billion. The Ministry of Industry estimated that textile exports will be valued at around USD 13.5-13.8 billion in 2019 and are estimated to increase further to USD 15 billion in 2020. This is likely to increase the sector's share of Indonesia's total exports to 1.6%
  • In 2018, the TPT industry was ranked third in national exports, with production that was able to meet 70-75% of the domestic clothing needs.
  • It is also expected to be the fastest growing market during the forecast period, with increasing demand for segments, like textile, food & beverage industry in China, India, and the ASEAN countries. Moreover, the established cosmetic industry in Japan and South Korea is also contributing to the growth of cellulose derivatives.
Cellulose Derivatives Market - Regional trends

Competitive Landscape

The Global Cellulose Derivatives market is fragmented with many competitors in the market. The major companies include Daicel Corporation, Ashland, Eastman Chemical Company, Shin-Etsu Chemical Co. Ltd. Dow and Cerdia International GmbH (Blackstone) among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Pharmaceutical Industry

      2. 4.1.2 Increasing Use of Cellulose Ether in Building and Construction Industry

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Competition of Regenerated Cellulose Fibers from Synthetic Fibers and Other Protein-based Fibers

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

    6. 4.6 Feedstock Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Chemical Type

      1. 5.1.1 Cellulose Esters

      2. 5.1.2 Cellulose Ethers

      3. 5.1.3 Regenerated Cellulose

    2. 5.2 End user Industry

      1. 5.2.1 Construction

      2. 5.2.2 Cosmetics & Pharmaceuricals

      3. 5.2.3 Food & Beverage

      4. 5.2.4 Paints & Coatings

      5. 5.2.5 Plastics

      6. 5.2.6 Textile

      7. 5.2.7 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Mexico

        3. 5.3.2.3 Canada

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Ashland

      2. 6.4.2 Celanese Corporation

      3. 6.4.3 Cerdia International GmbH

      4. 6.4.4 Daicel Corporation

      5. 6.4.5 Dow

      6. 6.4.6 DuPont

      7. 6.4.7 Eastman Chemical Company

      8. 6.4.8 FKuR

      9. 6.4.9 Futamura Chemical Co. Ltd

      10. 6.4.10 Grasim (Aditya Birla Group)

      11. 6.4.11 Lenzing AG

      12. 6.4.12 Mitsubishi Chemical Corporation

      13. 6.4.13 Nouryon

      14. 6.4.14 Sappi Limited

      15. 6.4.15 Shin-Etsu Chemical Co. Ltd

      16. 6.4.16 Xinjiang Zhongtai Chemical Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Biofuel innovation through cellulose

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Cellulose Derivatives Market market is studied from 2016 - 2026.

The Cellulose Derivatives Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Ashland, Daicel Corporation, Eastman Chemical Company, Shin-Etsu Chemical Co., Ltd, Dow are the major companies operating in Cellulose Derivatives Market.

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