(MENAFNEditorial) Methyl Cellulose market 2018 Industry Report provides detailed market segment level data on the international market. This market report addresses forecast and growth patterns by company, regions and type or application from 2018 to 2023
Synopsis of Methyl Cellulose Market
Methyl Cellulose belongs to a family of hydrocolloids and a hydrophilic chemical compound obtained from cellulose. It possess various characteristics such as zero toxicity, non-allergic, and non-irritating nature. They are long-chain substituted cellulose and are synthetically manufactured by treating & heating cellulose with caustic solution and methyl chloride. They possess unique properties which make them suitable to be used in numerous application such as paints & coatings, pharmaceutical, construction material, cosmetic & personal care, and others. Some of the other application include lubricants, textile agent.
Top Key Players
- Dow Chemical Company (U.S.)
- Ashland (U.S.)
- Sigma-Aldrich Co. LLC. (U.S.)
- Zhejiang Kehong Chemical Co. Ltd (China)
- BASF SE (Germany)
- LOTTE Fine Chemical (South Korea)
- Shin-Etsu Chemical Co
- Ltd (Japan),
- Reliance Cellulose Products Ltd. (India)
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Industry/ Innovation/ Related News:
March 17, 2015-Essential Ingredients, Inc. and SE Tylose USA entered into an agreement to market and sell the product of SE Tylose USA called Tylose® line of cellulose ethers. The product is extensively used in personal care segment. This development helped SE Tylose USA to increase its consumer base in USA, wherein the demand for cellulose based product is rapidly increasing from pharmaceuticals and personal care industry.
Segmentation
The global methyl cellulose market is segmented on the basis of derivative, application, and region. On the basis of derivative, the market is categorized into hydroxyethyl methyl cellulose, hydroxybutyl methyl cellulose, and hydroxypropyl methyl cellulose. On the basis of application, the market is classified into construction material, cosmetic & personal care, paints & coatings, pharmaceutical, and others. On the basis of region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Regional Analysis
The global methyl cellulose market is segmented into five regions namely Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is expected to grow at the highest CAGR during the forecast period due to rising demand from end use application such as paints & coatings and construction material among others. The demand for methyl cellulose is estimated to surge in developing countries of Asia Pacific such as India, China, Vietnam, and Bangladesh on account of increasing industrial as well as residential construction sector. Moreover, ease of availability of raw material, growing purchasing power, soberly stringent regulatory framework, inexpensive labor cost, and improving development strategies to fulfil the demand for methyl cellulose in the growing applications are the important factors for the regional market growth.
In Europe, countries such as Italy, France, Spain, Germany, and U.K have emerged as prominent consumer markets due to developed end use industries and increasing expenditure on research, development and innovation. Latin American countries such as Argentina, Colombia, and Brazil are also estimated to witness an above average growth with the association of new business models. Moreover, lubricants are widely used in automotive and general industry, rising automobile production and sales as well as expansion of general industry in countries such as China, India, Mexico, Germany, Spain, and Japan will further drive the market growth. The Middle East & Africa is estimated to witness an average growth during the assessment period. Huge investment in institutional as well as commercial construction sector in Turkey, Oman, Saudi Arabia, Qatar and the United Arab Emirates (UAE) is estimated to positively influence industry growth over the assessment period.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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