Global Methyl Cellulose (MC) Market to Reach $4.7 Billion by 2030
The global market for Methyl Cellulose (MC) estimated at US$3.1 Billion in the year 2023, is expected to reach US$4.7 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2023-2030. Construction Application, one of the segments analyzed in the report, is expected to record a 6% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Personal Care & Cosmetics Application segment is estimated at 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $834.1 Million, While China is Forecast to Grow at 8.9% CAGR
The Methyl Cellulose (MC) market in the U.S. is estimated at US$834.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$666.7 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook