Overview of the global cellulose ether market

Technavio’s market research study has identified the increasing rate of chronic diseases to be one of the primary growth factors for the cellulose ether market. Increasing incidences of individuals suffering from cancer, cardiovascular and chronic lung diseases, and diabetes, is increasing the demand for optimum treatment and early diagnosis. Technological advances in cellulose result in effective drug delivery systems by enabling controlled drug delivery release. Cellulose ether enables the availability of accurate dosage of drugs to the required organ or tissue. Pharmaceutical manufacturers in the ethyl cellulose market are enhancing the bioavailability and pharmacokinetic and pharmacodynamic profiles to control the release of the drug. Our market research analysts have estimate that this market will grow steadily at a CAGR of more than 6% by 2021.

After the US, regions such as APAC and ROW, mainly China, India, and Brazil are witnessing extensive technological revolutions. The increasing onset of medical tourism and effective health budget allotment by several governments will boost the healthcare industries. The use of cellulose ether in manufacturing of drug supplements, dietary supplements, and others, encourages the vendors to invest in R&D for product innovation. Setting up of R&D centers in emerging economies enables the vendors to incur low labor cost and capital investment. The increasing medical tourism is one of the key factors positively impacting the growth of the cellulose ether market.

Competitive landscape and key vendors

The cellulose ether market is significantly concentrated owing to the presence of few key players with wide geographical presence. Key cellulose ether players focus on cost-effective backward integration. Vendors in the ethyl cellulose market compete intensely in terms of production cost, product innovation, price, operational cost, R&D cost, and product quality. To attain competitive advantage in the ethyl cellulose market, companies are investing heavily in R&D to expand their product portfolio.

The leading vendors in the market are

• Akzo Nobel
• Ashland
• LOTTE Fine Chemical
• SHANDONG HEDA
• The Dow Chemical Company

The other prominent vendors in the market are CP Kelco, China Ruitai International Holdings, Kingstone Chemical China, SE Tylose, SIDLEY CHEMICAL, Zhejiang Haishen New Materials, and Zhejiang Kehong Chemical.

Segmentation by application and analysis of the cellulose ether market

• Pharmaceutical
• Food and beverages
• Personal care
• Paints and coatings

Cellulose ether is primarily used in pharmaceutical applications as tablet binders and pharmaceutical excipients. Cellulose ether in drugs and vaccines delivery systems to get a controlled outcome and enhance the medical effects. Also, they provide tensile strength, implant degradation timer, and application-specific characteristics, that reduces the extra dosage of drug ingredient.

Geographical segmentation and analysis of the cellulose ether market

• APAC
• Europe
• North America
• ROW

APAC will be the major revenue contributor to the ethyl cellulose market due to the steady growth of pharmaceutical, personal care, and construction industries.  This region also consists of large number of pharmaceutical companies in India, Singapore, and Malaysia. The steadily increasing population in this region that spend extensively on healthcare drive the growth of the cellulose ether market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cellulose ether market?
• What are the key market trends impacting the growth of the global cellulose ether market?
• What are the challenges to market growth?
• Who are the key vendors in the global cellulose ether market?
• What are the market opportunities and threats faced by the vendors in the global cellulose ether market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global cellulose ether market?

Technavio also offers customization on reports based on specific client requirement.