Cellulose Derivative Market Set to Reach US$ 10.3 billion by 2033: Factors Fueling Global Growth Revealed

Cellulose Derivative Market

Cellulose derivative is a versatile compound derived from cellulose, a naturally abundant polymer found in plant cell walls. It finds widespread use in various industries, including pharmaceuticals, food, cosmetics, and textiles. With its excellent film-forming, thickening, and stabilizing properties, cellulose derivative serves as a crucial ingredient in pharmaceutical formulations, coatings, personal care products, and food additives, contributing to improved product performance and enhanced consumer experiences.

The global cellulose derivative market size is estimated to secure a valuation of US$ 6.1 billion in 2023 and reach US$ 10.3 billion by 2033. The market secured a CAGR of 5.4% during the forecast period.

Which Factors are Driving the Global Market?

Several factors are influencing the global market to contribute to growth and development.

  • Increasing Demand in Food & Beverages: The demand for cellulose derivatives is rising in the food & beverages sector as emulsifiers, thickeners, and stabilizers. The rising demand for convenience and processed foods to improve stability and texture in food products is fueling the global market.
  • Expanding Pharmaceuticals and Personal Care Industries: The pharmaceuticals and personal care sectors are increasingly adopting cellulose derivatives for drug formulations, film formers, and controlled-release agents.
  • Sustainable and Renewable Nature: The growing popularity of plant-based cellulose derivative drive the global market for renewable sources. This sustainability raises concerns about an environment that offer a biodegradable and renewable alternative.
  • Rising Demand for Functional and Specialty Papers: The increasing demand for packaging materials, filtration papers, and coated paper increases the adoption of cellulose derivation. Increasing demand for specialty papers in various end-use industries such as food & beverages, healthcare, and electronics.
  • Technological Advancements and Product Innovation: The increasing investment in research and development activities driving the global market. Growing advanced technologies in the cellulose derivative, such as nanotechnology and chemical modifications, expand the global market.
  • Growing Construction Industry: The rising demand for construction materials such as gypsum, cement, and mortar products. These products enhance workability, water retention, and adhesion, driving the global market.
  • Growing Cosmetic and Personal Care Sector: Increasing demand for shampoos, creams, lotions, and other cosmetics fuels the global market revenue. These products improve sensory properties, thickening, and emulsion stabilization.
  • Regulatory Factors: The rising regulatory frameworks and standards regarding environment and product safety drive the market size. The increasing compliance with regulations with FDA approvals ensures the acceptance of cellular derivation products in several industries.

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Key Takeaways: 

  • The cellulose derivation market is estimated to capture a valuation of US$ 10.3 billion with a CAGR of 5.4% by 2033.
  • In the historical period, the market secured a CAGR of 4% between 2018 and 2022.
  • The United States is estimated to register a share of 21.4% in the global market by 2033.
  • With a share of 7.4%, Germany is securing a share of the global market during the forecast period.
  • Japan is estimated to capture a share of 5.3% of the global market by 2033.
  • With a share of 2.1%, Australia is anticipated to drive the market size during the forecast period.

How Key Players Take Efforts to Drive the Global Market?

The market is highly competitive by several prominent players globally. These players are developing innovative products by adopting advanced technologies in the global market. Key players heavily invest in research and development activities to fuel the market size. They are adopting various marketing tactics such as mergers, collaborations, and partnerships to uplift the global market.

Recent Developments in the Global Market

In 2021, Nouryon announced its new manufacturing facility to innovate sustainable additives. The company increases the production of paint and coatings with eco-friendly additives to increase the business portfolio.

Some Leading Cellulose Derivative Manufacturers Include:

  1. Shin-Etsu Chemical Co. Ltd
  2. LOTTE Fine Chemical
  3. Samsung Fine Chemicals
  4. Daicel Corporation.
  5. Akzo Nobel N.V.
  6. Ashland Inc.
  7. SE Tylose GmbH & Co. KG
  8. CP Kelco
  9. Shandong Head Europe B.V.
  10. Sichuan Nitrocell Co Ltd

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Cellulose Derivative Market by Category

By Derivative Type:

  • Methyl
  • Carboxymethyl
  • Hydroxyethyl
  • Ethyl
  • Other Types

By Derivative Grades:

  • Food Grade
  • Pharmaceutical Grade
  • Industrial Grade

By End Use:

  • Food Industry
  • Pharmaceutical Industry
  • Personal Care
  • Construction
  • Paint Industry
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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