The global cellulose derivative market size reached a valuation of USD 6.1 billion in 2023. The expanding demand for various industries and wide ranges of applications are projected to be the market's primary growth drivers.
The overall sales of cellulose derivative products are projected to record a robust CAGR of 5.4% between 2023 and 2033, totaling around USD 10.3 billion by the end of 2033.
Cellulose is a natural polymer discovered in plants, and cellulose derivatives are formed from the pulp. Pulp is a fibrous material produced after partitioning cellulose fibers from fiber crops, waste paper, or wood. Natural cellulose derivatives are water-insoluble but can be transitioned through biochemical reactions and molecule adaptations into water-insoluble cellulose derivatives.
These water-insoluble cellulose derivatives are used in various applications, including ceramics. Methylcellulose, a cellulose derivative, provides consistent thickness, improved flow characteristics, and thermal gelation. Cellulose ethers, cellulose esters, and cellulose derivatives are widely used in the pharmaceutical industries for healthcare manufacturing.
Coating processes, mucoadhesive and bioadhesive drug delivery systems, osmotic drug delivery systems, and other pharmaceutical applications encompass cellulose derivatives.
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Cellulose derived from trees or other plants is the foundational raw material for all commercial products that diverse cellulose manufacturing industries manufacture.
Carbon disulfide (CS2), used in the cellulose ether production process and may be emitted during several levels of construction, is the primary pollutant attributed to this industry. The HAP emitted during the production of cellulose ethers is primarily determined by the type of cellulose ether produced.
Some primary HAPs ejected by cellulose ether manufacturing facilities include methanol, methyl chloride, ethylene oxide, and propylene oxide. These environmental concerns slow the growth of the cellulose ethers industry and act as a restraint.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.4% |
| Market Valuation (2023) | USD 6.1 billion |
| Market Valuation (2033) | USD 10.3 billion |
As per Future Market Insights, the global demand for cellulose derivatives is poised to expand at a healthy CAGR of 5.4% during the forecast period, compared to the 4% CAGR registered from 2018 to 2022.
Cellulose derivatives are also used in soaps and shampoos to generate long-lasting foam. The market for cellulose derivatives is projected to expand significantly during the forecast period due to increased consumption in various applications.
Using cellulose derivatives in various applications in pharmaceutical, personal care, food, construction, oil and gas, and other end-use industries contributes significantly to the market's exponential rise. It is employed as a modifier in personal care products such as soaps, shampoos, and body lotions, which customers demand. Furthermore, its continued growth in food applications is escalating daily.
Cellulose derivatives have diverse properties, including stabilization, emulsification, and reversible thermal gelation. These attributes are crucial for the food industry, and the rising demand for these functional additive properties is propelling the global cellulose derivatives market.
These derivatives are widely used throughout liquid soaps, toothpaste, and shampoos. Carboxymethyl cellulose is a cellulose derivative extensively used in the industrial, food and beverage, pharmaceutical, and personal care industries. Carboxymethyl cellulose is estimated to secure a share of 42.0% in the global market by 2033.
The carboxymethyl cellulose segment is predicted to grow continually across the forecast period, with a large market share. It is attributable to the surface-active properties of cellulose ether, which cause it to thicken and stabilize aqueous solutions, making it a valuable component in a wide range of commercial products and industries.
The methylcellulose derivatives market is anticipated to witness the fastest among the various cellulose ether product forms. It is a thermodynamically gelling polymer commonly utilized as a thickener, emulsifier, or binder in industry applications. Still, it is also gaining steam in biomedical applications such as drug delivery and cell culture.
Binders are essential components of wet granulation-derived solid medication formulations. In the aqueous granulation process, the drug material is combined with different excipients and treated with a solution (aqueous or organic), followed by dehydrating and milling to form granules.
Cellulose and certain derivatives have high binding properties in the wet granulation process. Various MCC grades, including PH-101, are commonly used as binders in wet granulation. Cross-linked cellulose (CLC) and cellulose derivatives, such as cross-linked NaCMC, are effective pharmacological binders.
| Countries | Forecast Share |
|---|---|
| United States | 21.4% |
| Germany | 7.4% |
| Japan | 5.3% |
| Australia | 2.1% |
| Countries | Forecast CAGR |
|---|---|
| China | 5.1% |
| India | 5.6% |
| United Kingdom | 4.5% |
Asia Pacific is the bigger market for cellulose derivatives, with market segments such as textiles, cosmetics, and pharmaceuticals presumed to expand over the next decade. Furthermore, the increasing prevalence of the Asian manufacturing base is expected to aid growth. With a market share of around 38%, the market in China is anticipated to expand gradually as textile production increases.
The Indian textile industry is one of the country's oldest, dating back several centuries. Textile Industry Association (API). The textile and textile product industry is reviving as the export market and domestic demand growth.
The export value of Indonesian textile and textile products (TPT) was USD 13 billion. Textile exports are projected to be worth around USD 13.7 billion in 2019 and USD 16 billion in 2020, according to the Ministry of Industry. It is expected to boost the sector's share of total Indonesian exports.
It is also expected to witness the fastest-growing market throughout the forecast period, with skyrocketing prices for textile and food & beverage segments in China, India, and ASEAN countries. Furthermore, the established cosmetic industries in Japan and South Korea are propelling the development of cellulose derivatives.
The North American region is projected to be the potential market for cellulose derivatives manufacturers. It is largely attributable to the region's robust growth in leading end-use industries such as automotive, pharmaceuticals, and personal care products.
Of its nearly 24.9% share of the global market, North America has been the leading user of cellulose ether products in 2022 second position. The Asia Pacific region is the most dominant cellulose ether market and is predicted to provide numerous opportunities as emerging nations industrialize.
North America has larger population has helped boost restaurants, buildings, food products, etc. Furthermore, the United States construction industry is showing indicators of potential growth.
During the forecast period, Europe is expected to register a faster CAGR. This market is saturated and needs more domestic demand. As a result, European manufacturing units are closing to expand in the European region's developing markets.
During the forecast period, the rapidly expanding cosmetics and personal care industry in Europe is anticipated to increase the RoW in volume growth by 2033. Europe is expected to acquire 21.8% of the global cellulose derivatives market share in 2023. Strong economic growth, low labor costs, and competitive manufacturing costs contribute to European market growth.
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How Key Players Are Opening Frontiers For Future Growth?
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base.
Shandong Head Europe B.V. was founded in 2014. The European office in Houten, Netherlands, oversees regional customer service, sales, and distribution coordination. Cellulose Derivative is a pharmacological product manufactured by the company.
Madhu Hydrocolloids Private Limited is an Indian company founded on November 25, 2005. They have recently introduced MCELL cellulose derivatives into the market.
Some Leading Cellulose Derivative Manufacturers Include:
These key cellulose derivative providers are adopting various strategies, such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc., to increase their sales and gain a competitive edge in the global Cellulose Derivative market.
For Instance
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered |
Derivative Type, Derivative Grade, End Use, Region |
| Key Companies Profiled | Shin-Etsu Chemical Co. Ltd; LOTTE Fine Chemical; Samsung Fine Chemicals; Daicel Corporation.; Akzo Nobel N.V.; Ashland Inc.; SE Tylose GmbH & Co. KG; CP Kelco; Shandong Head Europe BV; Sichuan Nitrocell Co Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
North America is projected to emerge as a lucrative market.
The growth potential of the global market is 5.4% through 2033.
Carbon disulfide is likely to limit market growth.
North America is likely to generate higher revenue in 2023.
The market is estimated to secure a valuation of USD 6.1 billion in 2023.
| Estimated Market Size (2024E) | USD 2,081.0 million |
|---|---|
| Projected Market Value (2034F) | USD 3,598.7 million |
| Value-based CAGR (2024 to 2034) | 5.6% |
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