Methyl Cellulose Market Global Industry Analysis, Size, Share, Emerging Trends, Key Vendors Dynamics, Development Analysis till 2023
Methyl Cellulose Industry report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. On the basis of product, this report displays the Cost Structure, Sales Revenue, Sales Volume, Gross Margin, market share and growth rate.
Pune, India – January 9, 2019 /MarketersMedia/ —
Methyl cellulose Market Overview –
Methyl cellulose is hydrocolloids and a hydrophilic chemical compound that is obtained from cellulose. The product exhibits some beneficial properties such as zero toxicity, non-allergic, and non-irritating nature. They are long-chain substituted cellulose and are synthetically manufactured by treating & heating cellulose with caustic solution and methyl chloride. Methyl cellulose possess unique properties which make them suitable to be used in numerous application such as paints & coatings, pharmaceutical, construction material, cosmetic & personal care, and others. Some of the other application include lubricants, textile agent.
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.
Competitive Dashboard –
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)
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Methyl cellulose Market- Competitive Landscape –
The global Methyl cellulose is highly matured market driven by flourishing growth in aerospace & defence industry, along with the flourishing transportation sector. The DOW Chemical Company, Arkema S.A, AEP Industries Inc., E. I. Du Pont De Nemours and Company, Engineered Profiles LLC, Sigma Plastics Group are the key shareholders in this market. Majority of the key market participants are investing in the expansion of their production capacities to strengthen their market position. After addressing dynamic growth in packaging, aerospace & defence, automotive industry, and construction industry experts have asserts that this market will be having increasing penetration of new players to enjoy the profitability of this market. Taking into account these trends, the global methyl cellulose market is likely to witness considerable competition over the forecast period of 2017-2023.
Industry/ Innovation/ Related News –
March 17, 2014- Essential Ingredients, Inc. and SE Tylose USA entered into an agreement to market and sell the product of SE Tylose USA called Tylose® line of cellulose ethers. The product is extensively used in personal care segment. This development helped SE Tylose USA to increase its consumer base in USA, wherein the demand for cellulose based product is rapidly increasing from pharmaceuticals and personal care industry.
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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:
The Global Methyl Cellulose Market is segmented into five regions namely– Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is expected to grow at the highest CAGR during the forecast period due to rising demand from end use application such as paints & coatings and construction material among others. The demand for Methyl Cellulose is estimated to surge in developing countries of Asia Pacific such as India, China, Vietnam, and Bangladesh on account of increasing industrial as well as residential construction sector. Moreover, ease of availability of raw material, growing purchasing power, soberly stringent regulatory framework, inexpensive labor cost, and improving development strategies to fulfil the demand for Methyl Cellulose in the growing applications are the important factors for the regional market growth.
Asia Pacific emerged as the largest market followed by North America and Europe. North America is predicted to witness a significant growth in Methyl Cellulose Market owing to the recovery of industrial sector coupled with escalating investments to revitalize paints & coating industry. North American countries such as U.S and Canada are among the major contributors in the regional market growth and are estimated to see a significant regional market growth in the near future due to strong presence of manufacturers and end use industries. The U.S. accounted for the largest market share in terms of value and is predicted to grow with a moderate CAGR owing to growth in cosmetic & personal care.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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