Industry Background:
Cellulose derivatives are chemically modified forms of cellulose that are highly utilized to produce films due to their suitable properties. The demand for biodegradable or organic cellulose derivatives has been increasing as an eco-friendly alternative in the food and pharmaceutical industry. High Growth of ester cellulose in the preparation of drug delivery systems due to its various beneficial properties will accelerate the adoption of cellulose ester derivatives. The use of cellulose derivatives in other applications such as petroleum exploitation and food & beverages will create significant opportunities for cellulose derivatives.
According to AMA Research, the market for Cellulose Derivative is expected to register a CAGR of 5.4% during the forecast period to 2027. This growth is primarily driven by Surging Demand for Cellulose Derivatives in Pharmaceuticals and Manufacturing of Paper & Paperboard
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Materials sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Solvay (Belgium), Eastman Chemical Company (United States), Dow Chemical (United States), BASF (Germany), Shin-Etsu Chemical (Japan), Sappi (South Africa), Daicel Corporation (Japan), Celanese Corporation (United States), Tembec (Rayonier Advanced Materials) (United States), Ashland Global (United States), Nouryon (Netherlands), Mingtai Chemical (Taiwan) and Asahi-Kasei (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Nouryon completed the acquisition of J.M. Huber Corporation’s carboxymethyl cellulose (CMC) business to strengthen its portfolio in CMC. J.M. Huber manufactures a complete line of CMC grades and serves customers in more than 80 countries around the world. The acquisition will provide access to the manufacturing plant and advanced R&D facility with a range of CMC products to offer its customers a significantly broader set of bio-based solutions.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Cellulose Derivative Market Dynamics:
Attributes | Details |
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Growth Drivers | - Surging Demand for Cellulose Derivatives in Pharmaceuticals and Manufacturing of Paper & Paperboard
- Rapidly Growing Packaging and Textile Industry Across the Globe Will Boost The Adoption of Cellulose Derivative
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Influencing Trends | - Emerging Trend of Cellulose Derivative-based Nanoparticule Drug Delivery Systems
- Increased Focus on the Production of Cellulose Esters by Market Players
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Restraints | - Insufficient Biodegradability of Cellulose Ether Derivatives May Hamper the Growth
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Road Blocks / Challenges | - Slow Adoption of Inorganic Cellulose Derivatives in the Pharma Industry
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Gaps & Opportunities | - Application of Cellulose Derivatives in the Food as Fat Substitutes, Anti-Caking Agents, and Emulsifiers
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cellulose Derivative Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cellulose Derivative Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cellulose Derivative players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cellulose Derivative Study Sheds Light on
The Cellulose Derivative Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cellulose Derivative industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cellulose Derivative industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.