Cellulose is the richest organic compound in the world mostly produced by plants. It is the most structural component in herbal cells and tissues. Cellulose is a natural long chain polymer that plays an important role in human food cycle indirectly. This polymer has multipurpose uses in many industries such as veterinary foods, wood and paper, fibers and clothes, cosmetic and pharmaceutical industries as excipient. Cellulose has semi-synthetic derivatives that are extensively used in pharmaceutical and cosmetic industries. Cellulose ethers and cellulose esters are two main groups of cellulose derivatives with different physicochemical and mechanical properties.
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The global cellulose derivatives market is segmented on the basis of derivative type, derivative grades, end-use application, and region. On the basis of derivative type, the global market is classified into Methyl cellulose derivative, Carboxymethyl cellulose derivative, Hydroxyethyl cellulose derivatives, Ethyl cellulose derivatives, Others.
Carboxymethyl cellulose finds major use in industrial, food and beverages, pharmaceuticals, and personal care sectors in the cellulose derivative market. “Carboxymethyl cellulose” sector is expected to grow gradually during the forecast period with maximum market share by 2025. This is due to the surface-active properties of cellulose ether that allows it to act as a thickener and stabilizer in aqueous solutions, making it a beneficial additive in a wide variety of commercial products and industries.
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The substantial growth during the forecast period in cosmetics and personal care industry in the Africa and Middle East markets is set to boost the RoW in terms of volume growth by 2025.
With the recent expansion activities by key players in the Asia-Pacific region, the demand for cellulose derivatives in this region is expected to register the highest CAGR between 2014 and 2025.
The key players of cellulose derivatives market are Shin-Etsu Chemical Co., Ltd, LOTTE Fine Chemical, Samsung Fine Chemicals, Daicel Corporation., Akzo Nobel N.V. (Performance additives), Ashland Inc., SE Tylose GmbH & Co. KG, CP Kelco, Shandong Head Europe BV, Sichuan Nitrocell Co Ltd.
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