Blog - Cellulose Ethers Market Major Factors Driving the Growth

2020-11-18

Cellulose Ethers Market by geography into – North America, South America, Europe, Asia-Pacific (APAC), and Middle East and Africa.

Growing demand for cellulose ether products owing to their unique properties such as water solubility, binding, water retention, surface activity, emulsification, and PH stability is the key factor driving the cellulose ether market across the globe. As water retention agents in cementitious formulations, they increase water-use efficiency and improve properties like workability, open-time, and strength.

Moreover, the high availability of raw materials required for the production of cellulose ethers, as well as the low cost of production, will drive the cellulose market globally. Also, owing to the developing consumer’s awareness of bio-primarily based products will increase the demand for the cellulose ethers market.

Cellulose ethers have proven to be highly useful natural-based polymers, finding application in areas including food, personal care products, oil field chemicals, construction, paper, adhesives, and textiles. They have particular value in pharmaceutical applications due to characteristics including high glass transition temperatures, high chemical and photochemical stability, solubility, limited crystallinity, hydrogen bonding capability, and low toxicity.

The global cellulose ethers market has witnessed a dual impact on the product demand in recent months owing to the lockdowns imposed in the majority of the countries due to the outbreak of COVID-19. The uncertainty surrounding the situation resulted in consumers engaging in impulse buying and stockpiling groceries, essential products, hand wash liquids, and hand sanitizers. The high demand for hand wash liquids and hand sanitizers have contributed to the positive influence on the global cellulose ethers market.

There is a large demand for hand sanitizers globally, which has caused the raw material- Carbomer 940 continues to be out of stock and the prices soared. To cope with the shortage of Carbomer, in April 2020, Sidley Chemical Co., Ltd. introduced HPMC (Hydroxypropyl Methylcellulose) to be used as a thickener for alcohol hand sanitizer after their research and experiments.

HPMC product's performance can fully achieve the effect of Carbomer in thickening, suspending, and transparency. Sidley Chem supplies two grades of HPMC-4000cps and 10000cps. According to different viscosity types, the application dosage can be adjusted to optimize the production method and lower cost.

However, major companies such as ShinEtsu have reported that COVID-19 is likely to have a significant impact on the group’s operating performance. The spread of the virus resulted in a substantial downturn in demand for the company’s products and damaging the company’s business locations and supply chain.

The market for cellulose ethers in pharmaceutical applications is likely to reach USD 855.12 million in 2027 from a recorded value of 491.22 million in 2019, growing at a CAGR of 7.18% during the forecast period.

The global market for pharmaceuticals reached $1.2 trillion in 2018, up $100 Billion from 2017, according to the Global Use of Medicines report from the IQVIA Institute for Human Data Science.

In the pharmaceutical industry, hydroxypropyl methylcellulose (HPMC) can act as pharmaceutical excipients. It is widely used in oral drugs such as matrix controlled-release and sustained-release preparations as the release-blocking material to regulate the drug release, or as sustained-release agents, pellets, and capsules of coating materials. The most widely used cellulose ethers in the pharmaceutical industry are dimethyl carboxymethyl cellulose and carboxymethyl ethyl cellulose. For example, MC is often used in the production of tablets and capsules, or in coating sugar-coated tablets.

Rising investments in infrastructure activities and the growing urban housing sector are broadening the opportunities for the global cellulose ethers market. Infrastructure projects such as the expansion of airports, smart city projects, construction of buildings and offices, etc. are boosting the demand for cellulose ethers in the global market. Moreover, the growing demand for cigarette filters coupled with growth in the food and beverage sector provides a significant opportunity for the key players operating in the cellulose esters and ethers market over the forecast period.

A research paper was published on cellulose-based hydrogels & their applications in the pharmaceutical & biomedical sector. Hydrogels exhibit a three-dimensional network that can swell and retain the water molecules or any liquid inside its structure weighing 10 to 1000 times higher than its actual weight. Usage of hydrogels as water absorbents for various applications in personal hygiene and in biomedical devices like contact lenses, lubricating surface coatings, phantoms for ultrasound-based imaging is expected to provide opportunities for the market players.

Mexico's pharmaceutical industry generates revenues of around $11 Million, making it the 11th largest pharma market in the world.  Mexico's pharma market has seen steady growth in the past decade and is projected to reach over USD 13 Million by 2028. With a growing pharma industry in Mexico, the cellulose ether market is also expected to witness a CAGR of 3.49% to grow from 112.29 million in 2019 to 136.50 million in 2027.

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