Cellulose Derivatives Market Size, Share, Opportunities, And Trends By Type (Cellulose Esters, Cellulose Ethers, Regenerated Cellulose apes), By Application (Adhesives, Textiles, Household Products, Ceramic Processing), By End-Use Industry (Construction, Personal Care & Cosmetics, Food & Beverages, Pharmaceutical, Paints & Coatings, Printing Inks, Electronics), And By Geography - Forecasts From 2023 To 2028

The cellulose derivatives market refers to a wide range of products that are derived from cellulose, which is a natural polymer found in the cell walls of plants. Cellulose derivatives find usage in diverse applications across sectors such as food, pharmaceuticals, textiles, personal care, construction, and others. Cellulose derivatives can be chemically modified to enhance their properties, such as water solubility, viscosity, and film-forming ability. Some of the commonly used cellulose derivatives include methylcellulose, ethylcellulose, hydroxypropyl cellulose, and carboxymethyl cellulose.

In the food industry, cellulose derivatives are used as thickening agents, emulsifiers, stabilizers, and bulking agents. In the pharmaceutical industry, they are used as binders, disintegrants, and controlled-release agents in drug formulations. In the personal care industry, they are used in skincare and haircare products as emollients, thickeners, and film-forming agents. The global cellulose derivatives market is expected to expand, primarily driven by rising demand for these products in different applications. The marketplace is characterized by intense competition, with several prominent players vying for a significant share of the market.

The cellulose derivatives market is driven by increasing demand from the food industry, growth in the pharmaceutical industry, and rising demand for personal care products.

Increasing demand from the food industry 

As consumers become more health-conscious, there is a growing demand for natural and plant-based ingredients in food products. Cellulose derivatives, such as methylcellulose and carboxymethyl cellulose, are used as alternatives to synthetic thickeners and stabilizers in processed foods. The increasing demand for convenience foods and ready-to-eat meals is also driving the growth of the cellulose derivatives market.

Growth in the pharmaceutical industry 

The pharmaceutical industry is a major consumer of cellulose derivatives, which are used in drug formulations as binders, disintegrants, and controlled-release agents. The growth of the pharmaceutical industry, especially in emerging economies, is expected to drive the demand for cellulose derivatives.

Rising demand for personal care products 

Cellulose derivatives are used in various personal care products, such as shampoos, conditioners, and lotions, as thickeners, emollients, and film-forming agents. The increasing awareness about personal hygiene and grooming, coupled with the growing demand for natural and organic personal care products, is expected to drive the growth of the cellulose derivatives market in this segment.

Key developments.

In January 2022, researchers from Saudi Arabia published a study in the US National Library of Medicine, highlighting developments in evaluating cellulose derivatives for the design of innovative nanoparticle-based drug delivery systems to enhance oral health. The study discusses the properties and potential applications of cellulose nanocrystals (CNCs), which are a type of nanomaterial that can be derived from cellulose. CNCs have unique properties such as high surface area, high aspect ratio, and high mechanical strength, which make them attractive for use in a wide range of applications such as in biomedicine, food packaging, and electronics. According to the study, CNCs can be used as a reinforcing agent in various types of cellulose-based materials, such as cellulose ethers and cellulose esters. By adding CNCs to these materials, their mechanical and physical properties can be improved, which can lead to new and improved products. For example, the use of CNCs as a reinforcing agent in cellulose-based materials can lead to the development of stronger and more durable materials for use in packaging, textiles, and composites. Additionally, the use of CNCs in drug delivery systems can improve the efficiency and effectiveness of drug delivery.

Based on application, the cellulose derivatives market is expected to witness positive growth in the adhesives segment.

Cellulose derivatives, such as methylcellulose and hydroxypropyl cellulose, are commonly used as thickeners and binders in adhesive formulations. The demand for cellulose derivatives in the adhesive industry is driven by the growth in the construction and packaging industries, which are major end-users of adhesives. Cellulose derivatives are used in a wide range of adhesive applications, including wood adhesives, paper and packaging adhesives, and construction adhesives. In addition, the increasing demand for environmentally friendly and sustainable adhesive products has led to the development of new cellulose-based adhesives that are biodegradable and renewable. This trend is expected to drive the growth of the cellulose derivatives market for adhesive applications in the coming years.

North America accounted for a significant share of the cellulose derivatives market.

Based on geography, the cellulose derivatives market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. North America is a major market for cellulose derivatives due to the presence of a large number of end-use industries, such as pharmaceuticals, food and beverages, and personal care products. The demand for cellulose derivatives in this region is driven by factors such as the increasing demand for natural and organic products and the growing focus on sustainability. The development of new and innovative applications of cellulose derivatives, such as in the production of biofuels, is expected to drive the growth of the cellulose derivatives market in North America. The United States Department of Energy (DOE) reports that the production of biofuels in the United States has been increasing steadily over the past decade, with 2019 production reaching 20.8 billion gallons.

Key Market Segments

• BY TYPE

• • Cellulose Esters
  • Cellulose Ethers
  • Regenerated Cellulose apes
• BY APPLICATION

• • Adhesives
  • Textiles
  • Household Products
  • Ceramic Processing
• BY END-USE INDUSTRY
• • Construction
  • Personal Care & Cosmetics
  • Food & Beverages
  • Pharmaceutical
  • Paints & Coatings
  • Printing Inks
  • Electronics
• BY GEOGRAPHY

• North America

• • USA
  • Canada
  • Mexico

• South America

• • Brazil
  • Argentina
  • Others

• Europe

• • Germany
  • France
  • United Kingdom
  • Spain
  • Others

• Middle East And Africa

• • Saudi Arabia
  • UAE
  • Israel
  • Others

• Asia Pacific

• • • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

1.    INTRODUCTION

1.1.  Market Overview

1.2.  Market Definition

1.3.  Scope of the Study

1.4.  Market Segmentation

1.5.  Currency

1.6.  Assumptions

1.7.  Base, and Forecast Years Timeline

2.    RESEARCH METHODOLOGY 

2.1.  Research Data

2.2.  Assumptions

3.    EXECUTIVE SUMMARY

3.1.  Research Highlights

4.    MARKET DYNAMICS

4.1.  Market Drivers

4.2.  Market Restraints

4.3.  Porter’s Five Force Analysis

4.3.1.    Bargaining Power of Suppliers

4.3.2.    Bargaining Power of Buyers

4.3.3.    Threat of New Entrants

4.3.4.    Threat of Substitutes

4.3.5.    Competitive Rivalry in the Industry

4.4.  Industry Value Chain Analysis

5.    CELLULOSE DERIVATIVES MARKET ANALYSIS, BY TYPE

5.1.  Introduction

5.2.  Cellulose Esters

5.3.  Cellulose Ethers

5.4.  Regenerated Cellulose apes

6.    CELLULOSE DERIVATIVES MARKET ANALYSIS, BY APPLICATION

6.1.  Introduction

6.2.  Adhesives

6.3.  Textiles

6.4.  Household Products

6.5.  Ceramic Processing

7.    CELLULOSE DERIVATIVES MARKET ANALYSIS, BY END-USER INDUSTRY

7.1.  Introduction

7.2.  Construction

7.3.  Personal Care & Cosmetics

7.4.  Food & Beverages

7.5.  Pharmaceutical

7.6.  Paints & Coatings

7.7.  Printing Inks

7.8.  Electronics

8.    CELLULOSE DERIVATIVES MARKET, BY GEOGRAPHY

8.1.  Introduction

8.2.  North America

8.2.1.    USA

8.2.2.    Canada

8.2.3.    Mexico

8.3.  South America

8.3.1.    Brazil

8.3.2.    Argentina

8.3.3.    Others

8.4.  Europe

8.4.1.    Germany

8.4.2.    France

8.4.3.    United Kingdom

8.4.4.    Spain

8.4.5.    Others

8.5.  Middle East And Africa

8.5.1.    Saudi Arabia

8.5.2.    UAE

8.5.3.    Israel

8.5.4.    Others

8.6.  Asia Pacific

8.6.1.    China

8.6.2.    Japan

8.6.3.    India

8.6.4.    South Korea

8.6.5.    Indonesia

8.6.6.    Thailand

8.6.7.    Taiwan

8.6.8.    Others

9.    COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1.  Major Players and Strategy Analysis

9.2.  Emerging Players and Market Lucrativeness

9.3.  Mergers, Acquisitions, Agreements, and Collaborations

9.4.  Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1.  Shin-Etsu Chemical Co., Ltd

10.2.   Ashland Inc.

10.3.   Colorcon

10.4.   Daicel Corporation

10.5.   Eastman Chemical Company

10.6.   CP Kelco

10.7.    Fenchem Biotek Ltd.

10.8.     Borregaard

10.9.     DKS Co. Ltd

10.10.   Shangdong Head Co. Ltd.

Shin-Etsu Chemical Co., Ltd

Ashland Inc.

Colorcon

Daicel Corporation

Eastman Chemical Company

CP Kelco

Fenchem Biotek Ltd.

Borregaard

DKS Co. Ltd

Shangdong Head Co. Ltd.