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Cellulose ether is a billion dollar market, which is expected to reach $2.3 billion by 2017 at a CAGR of 5.9% from 2012-2017. Currently, methyl cellulose & derivatives and ethyl cellulose & derivatives are expected to boost the global market.
Cellulose ether is finding its usage in diverse applications owing to its unique properties such as rheology, viscosity increment effect, water retention, and solubility which no other material exhibit. There is hardly any material that has proved to be a suitable alternative for cellulose ether which is a key market booster for latter. The high growth application areas such as personal care, pharmaceuticals, construction sector, and food ingredients are some important end-users for cellulose ether market.
Cellulose ether is consumed worldwide across a broad spectrum of applications. To cater to the demand of the market, there are number of players in the industry involved in its production and their derivatives. Some of the important market players for cellulose ether are The Dow Chemicals Company (U.S.), Ashland Speciality Chemicals (U.S.), and Shin Etsu Chemical Co. Ltd (Japan). To cater to the demand across the globe, the manufacturers have built up their production facilities in many regions which increase accessibility to the users.
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