Methyl Cellulose Market Report 2023: Trends, Key Players, Industry Analysis and Forecast 2023-2030

Methyl Cellulose Market Report

The Methyl Cellulose Market was valued at USD 1,690 million in 2019 and is estimated to reach USD 2,440 million by 2030 with a CAGR of 4.5%.

Methyl Cellulose belongs to the family of hydrocolloids and a hydrophilic chemical compound derived from cellulose. It has various characteristics, such as zero toxicity, non-irritating, and non-allergic. They are long-chain cellulose replacements and are synthetically developed by treating and heating cellulose with caustic solution and methyl chloride. They possess unique properties that make them ideal for use in a wide range of applications, such as paints & coatings, pharmaceuticals, cosmetics & personal care, construction materials, and others. Some of the other applications are lubricants and a textile agents.

Market Dynamics

Increasing awareness, rising number of working professionals, and increasing the construction sector are some of the key market drivers and trends observed in the Methyl Cellulose Market Report. Moreover, the growing importance of grooming among adults and adolescents is expected to fuel the growth of the industry. New product innovation and the rising popularity of different types of celebrity cosmetic products are expected to fuel demand for methyl cellulose in the coming years.

In addition, an increase in the use of methyl cellulose in the production of cosmetics & personal care products, along with a rise in demand for personal care items such as shampoo, lotion, and cream, is expected to fuel the growth of the industry. On the other hand, it is estimated that massive investment in the construction and building sector in both developed and emerging countries will increase the market growth. It is also used as a sizing agent or binder in the paper and textile industries. Therefore, the global methyl cellulose market will deliver lucrative growth opportunities in light of the increasing growth of the textile industry worldwide.

Key Players

Some of the prominent operators in the methyl cellulose market are Sigma-Aldrich Co. LLC. (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), Ashland (U.S.), LOTTE Fine Chemical (South Korea), Zhejiang Kehong Chemical Co. Ltd (China), Zhejiang Kehong Chemical Co. Ltd. (China), Shin-Etsu Chemical Co., Ltd (Japan), Reliance Cellulose Products Ltd. (India), J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany) and others.

Segmentation

The global methyl cellulose market is segmented on derivative and application.

Based on the derivative, the market is divided into hydroxyethyl methyl cellulose, hydroxybutyl methyl cellulose, and hydroxypropyl methyl cellulose.

Based on application, the market for methylcellulose is classified into construction materials, paints & coatings, cosmetic & personal care, pharmaceutical, and others.

Get a Free Sample PDF Brochure — https://www.marketresearchfuture.com/sample_request/4541

Regional Analysis

The global market for methylcellulose market is segmented into the Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

The Asia Pacific is projected to rise at the highest CAGR during the forecast period due to growing demand from end-use applications such as paints and coatings and construction materials. Due to the growing industrial and residential construction market, the demand for methyl cellulose is expected to increase in developing countries in the Asia Pacific, such as India, China, Vietnam, and Bangladesh. In addition, ease of availability of raw materials, increasing purchasing power, a soberly strict regulatory framework, cheap labor costs, and improving development strategies to meet demand for methyl cellulose Recession Impact in growing applications are key factors for regional market growth.

Due to the recovery of the industrial sector, North America is projected to see a significant rise in the methylcellulose market, combined with growing investment in the paint & coating industry. North American countries such as the U.S. and Canada are among the largest contributors to regional market growth. Due to the strong presence of manufacturers and end-use industries, they are expected to see significant regional market growth in the near future. The U.S. held the largest market share in terms of value and is expected to rise with a steady CAGR due to growth in cosmetic & personal care.

In Europe, countries such as Italy, France, Germany, Spain, and the United Kingdom have emerged as leading consumer markets due to developed end-use industries and increased spending on research, development, and innovation. It is also projected that Latin American countries such as Argentina, Colombia, and Brazil are experiencing above-average growth with the combination of new business models. In addition, lubricants are widely used in the automotive and general industry, increasing automotive production and sales as well as the expansion of the general industry in countries such as China, India, Mexico, Germany, Spain, and Japan would further fuel market growth.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com