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The cellulose derivatives market share is expected to increase by USD 2.69 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.57%.
This cellulose derivatives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cellulose derivatives market segmentation by end-user (construction, food and beverages, cosmetics, pharmaceuticals, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The cellulose derivatives market report also offers information on several market vendors, including Akzo Nobel NV, Ashland Global Holdings Inc., Birla Cellulose, Cerdia International GmbH, Colorcon Inc., Daicel Corp., DKS Co. Ltd., DuPont de Nemours Inc., Eastman Chemical Co., FENCHEM, J M Huber Corp., J. Rettenmaier and Sohne GmbH Co KG, Lamberti Spa, LOTTE Fine Chemical Co. Ltd., Nouryon Chemicals Holding BV, Sappi Ltd., SE Tylose GmbH and Co. KG, Shandong Head Co. Ltd., Shin Etsu Chemical Co. Ltd., Zhejiang Haishen New Material Co. Ltd., and Zibo Hailan Chemical Co. Ltd. among others.
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The increasing end-use applications is notably driving the cellulose derivatives market growth, although factors such as stringent regulations and policies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cellulose derivatives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cellulose Derivatives Market Driver
One of the key factors driving growth in the cellulose derivatives market is the increasing end-use applications. The usage of cellulose derivatives in pharmaceutical, personal care, food, construction, oil and gas, and other end-use sectors contributes to the rapid growth of the market. These ethers are mostly utilized in the construction, cement, textiles, detergents, coatings, paper-making, electronic components, chemical, and petroleum sectors for stabilizing, binding, water retention, film foaming, emulsion, and thickening. Furthermore, its expanding demand in food applications is growing on a daily basis. It is used in food applications, particularly as a thickener for canned fruit pie fillings and frozen food production, as a stabilizer, crystallization controller, and moisture retention in a variety of drinks and processed food formulations, and is driving the growth of the cellulose derivates market revenue. Therefore, an increase in the number of end-use applications will drive the growth of the market in focus.
Key Cellulose Derivatives Market Trend
The recent development is a cellulose derivatives market trend that is expected to have a positive impact in the coming years. The global cellulose derivatives market is witnessing an increasing number of new product launches. The new product additions will motivate consumers to purchase various cellulose derivatives products. The increasing number of product launches also increases the competition in the market, which, in turn, will lead to innovations and differentiation during the forecast period. Considering the fact that new product launches persuade consumers to try various products, manufacturers also focus on new product developments. Such factors are expected to propel the growth of the global cellulose derivates market.
Key Cellulose Derivatives Market Challenge
The stringent regulations and policies will be a major challenge for the cellulose derivatives market during the forecast period. The Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) impose stringent regulations on the use of cellulose derivatives as an indirect food additive. The US Food and Drug Administration (FDA) also imposes strict regulations on the use of cellulose derivatives. Under the Code of Federal Regulation (CFR) 21 Part 175, cellulose derivatives manufacturers must follow the current good manufacturing practices. Compliance with these standards increases the production cost, thereby restricting market growth. The European Union (EU) specifies guidelines under the regulation EU No 10/2011 on the use of indirect food additives, including cellulose derivatives. The stringent norms for the use of cellulose derivatives, including food packaging applications, will hamper the growth of the market in focus.
This cellulose derivatives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global cellulose derivatives market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cellulose derivatives market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the cellulose derivatives market encompasses successful business strategies deployed by the key vendors. The cellulose derivatives market is fragmented and the vendors are deploying growth strategies such as expanding their geographic presence to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cellulose derivatives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the cellulose derivatives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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50% of the market’s growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for cellulose derivatives in APAC. Market growth in this region will be faster than the growth of the market in regions.
The rising awareness of diverse applications of cellulose derivatives, such as veterinary foods, wood, paper, fibers, clothes, cosmetics, and pharmaceuticals will facilitate the cellulose derivatives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had an adverse effect on several end-user industries, such as textile, cosmetics, and pharmaceuticals, in 2020. Countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines declared partial or full lockdowns due to the outbreak. However, in 2021, with the initiation of vaccination drives and the lifting of lockdowns and restrictive measures, regional manufacturing industries are expected to grow gradually, which will propel the growth of the regional cellulose derivatives market during the forecast period.
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The cellulose derivatives market share growth by the construction segment will be significant during the forecast period. The construction segment in the global cellulose derivatives market is expected to witness significant growth in terms of market revenue when compared with the other segments, such as food and beverages, cosmetics, and pharmaceuticals, during the forecast period. This is due to the growing construction activities for residential, commercial, and industrial purposes globally.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cellulose derivatives market size and actionable market insights on post COVID-19 impact on each segment.
Cellulose Derivatives Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.57% |
Market growth 2022-2026 |
$ 2.69 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.3 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key consumer countries |
US, China, Japan, South Korea, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Akzo Nobel NV, Ashland Global Holdings Inc., Birla Cellulose, Cerdia International GmbH, Colorcon Inc., Daicel Corp., DKS Co. Ltd., DuPont de Nemours Inc., Eastman Chemical Co., FENCHEM, J M Huber Corp., J. Rettenmaier and Sohne GmbH Co KG, Lamberti Spa, LOTTE Fine Chemical Co. Ltd., Nouryon Chemicals Holding BV, Sappi Ltd., SE Tylose GmbH and Co. KG, Shandong Head Co. Ltd., Shin Etsu Chemical Co. Ltd., Zhejiang Haishen New Material Co. Ltd., and Zibo Hailan Chemical Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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