Cellulose Derivatives Market Size, Share & Trends Analysis Report By Type, (Methyl Cellulose, Ethyl Cellulose, Hydroxypropyl Methylcellulose) By Grade (Industrial Grade, Pharmaceutical Grade), By Region, And Segment Forecasts, 2023 - 2030

Cellulose Derivatives Market Size, Share & Trends Analysis Report By Type, (Methyl Cellulose, Ethyl Cellulose, Hydroxypropyl Methylcellulose) By Grade (Industrial Grade, Pharmaceutical Grade), By Region, And Segment Forecasts, 2023 - 2030

Cellulose Derivatives Market Growth & Trends

The global cellulose derivatives market size is expected to reach USD 10.7 billion by 2030, registering a CAGR of 6.8% from 2023 to 2030, as per the new report by Grand View Research, Inc. The market is experiencing significant growth, driven by the increasing demand from the food and beverage industry. Cellulose derivatives are used as thickeners, stabilizers, and emulsifiers in a variety of food products, such as ice creams, yogurts, sauces, and dressings.

The penetration of cellulose derivatives in the global market varies based on the specific derivative and its end-use industry. Some of the products, such as cellulose acetate and ethyl cellulose, are widely used in industries such as textiles, pharmaceuticals, and food & beverage packaging, while others have more niche applications. Overall, the global market for cellulose derivatives is growing, driven by the increasing demand for environmentally friendly and sustainable materials, as well as advancements in production processes that have expanded the range of applications for these materials.

Asia Pacific is expected to witness significant growth in the product market during the coming years. This growth can be attributed to several factors such as increasing demand for the product in the food and beverage industry and the growing pharmaceutical industry, in addition to the expanding personal care industry in the region. For instance, in 2020, the Indian government announced plans to invest in the pharmaceutical sector to reduce the country's dependence on imports. This is expected to drive demand for the product as pharmaceutical excipients, binders, and disintegrants in the country.

The future of cellulose derivatives in the global market is anticipated to be positive, driven by increasing demand for the sustainable and environmentally friendly materials. The trend toward more sustainable consumption patterns and the growing awareness of the environmental impact of various materials are expected to continue to drive demand for the product. In addition, advancements in production processes and new applications for these materials are expected to further expand their market growth.________________________________________

Cellulose Derivatives Market Report Highlights

• Carboxymethyl cellulose is the fastest-growing type segment with a CAGR of 9.3 % on account of its use as a viscosifier and suspension agent to control the rheological properties of the drilling fluid
• The industrial grade segment is expected to expand with a CAGR of 6.6% since it is used as raw materials in various applications such as textiles, cellulose acetate, cellulose nitrate manufacturing, papermaking, and the production of adhesives, sealants, and gels
• The demand for biodegradable products is driving market growth since they are used as a key raw material in the production of biodegradable products such as biodegradable plastics, food packaging, and other disposable items
• The companies are investing in R&D activities to develop new and innovative products with improved functionality and performance. CP Kelco, one of the key manufacturers, is focusing on expanding its production capacity in Asia Pacific region to meet growing demand for the cellulose derivatives

Please note The report will be delivered in 3-8 business days upon order notification.