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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