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Methyl cellulose Market by Type (Hydroxyethyl Methyl cellulose, Hydroxy butyl Methyl cellulose, and Hydroxypropyl Methyl cellulose), Application (food and beverages, pharmaceutical and cosmetics, detergents, oil and gas, paper processing and others) and Industry Vertical (Industrial, Pharmaceutical, Food, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

A11881
Pages: NA
Sep 2021 | 158 Views
   
Author(s) : Eswara Prasad
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Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Methyl cellulose is a hydrophilic chemical molecule derived from cellulose that belongs to the hydrocolloid family. It has a variety of properties, including zero toxicity, non-allergic, and non-irritating properties. They're long-chain substituted cellulose that's made synthetically by treating cellulose with caustic solution and methyl chloride and heating it. They have special qualities that allow them to be employed in a variety of applications, including paints and coatings, pharmaceuticals, construction materials, cosmetics and personal care, and more. Lubricants, textile agent, and other applications are some of the others. To give hair shampoos, dental pastes, and liquid soaps their typical thick viscosity, methyl cellulose is occasionally added. methyl cellulose is an important emulsifier that prevents the separation of two mixed liquids. To avoid paint sagging, methyl cellulose is also employed as a rheological modifier. Methyl cellulose is widely used in construction materials as a performance addition. It is used to dry mortar mixtures to improve workability, open and adjustment time, water retention, viscosity, adherence to surfaces, and other qualities.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

 2019–2028

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Type, Application, Industry Vertical, and Region

 Regions Covered

 North America, Europe, Asia-Pacific, LAMEA

 Companies Covered

Ashland Global Holdings Inc, The Dow Chemical Company, Zhejiang Kehong Chemical Co. Ltd, Sigma-Aldrich Co. LLC., LOTTE Fine Chemical, BASF SE, Reliance Cellulose Products Ltd., Shin-Etsu Chemical Co., Ltd, Barzaghi Srl, Daicel Corp.

 

COVID-19 Impact analysis

  • The COVID-19 epidemic has had a negative impact on global growth estimates for a variety of industries and sectors. The Methyl Cellulose market is no exception.
  • To break the COVID-19 transmission chain, several nations were forced to impose restrictions. All industrial and production facilities that were not absolutely necessary were shut down. Methyl Cellulose production has been reduced as a result of these factors.
  • The market was negatively affected by COVID-19. Due to temporary halts in construction activity caused by government-imposed lockdowns in various countries, demand for Methyl Cellulose which is used in construction materials has declined.

Top Impacting Factors

The increasing relevance of grooming among adults and teenagers is likely to drive market expansion. In the coming years, new product innovation and the rising popularity of various forms of celebrity cosmetics are expected to increase demand for methyl cellulose. Furthermore, increased demand for personal care goods such as shampoo, lotion, and cream, as well as increased use of methyl cellulose in the production of cosmetics and personal care products, are expected to drive market expansion. On the plus side, massive investment in the building and construction sector in both developed and developing countries is expected to boost market growth. In the paper and textile industries, it is also employed as a sizing agent or binder. As a result, the global textile industry's growing growth is predicted to provide profitable potential possibilities for the Global methyl cellulose market. The demand for methyl cellulose is expected to increase in growing Asia Pacific countries such as India, China, Vietnam, and Bangladesh as the industrial and residential construction sectors grow. Furthermore, improving development strategies to meet the demand for methyl cellulose in rising applications, as well as increased raw material availability, greater purchasing power, a more stringent regulatory framework, and lower labor costs, are all essential factors for regional market growth.

Market Trends

  • Ashland has finished expanding its Viatel bioresorbable polymer production facility and transferred its research and development (R&D) from Dublin to Mullingar's National Science Park.
  • Schülke & Mayr GmbH, a portfolio company of global investment firm EQT, has sold its personal care division to Ashland Global Holdings Inc. The acquisition increases Ashland's consumer business portfolio and increases the company's specialty additives position while also broadening its biotechnology and microbiology technical capabilities.
  • Dow Chemical Co. increased its ethylene capacity in Western Canada by adding another furnace to an existing facility. Dow also announced the start-up of two new furnaces at its Texas 9 cracker.
  • Rohm and Haas have been acquired by Dow Chemical Company. The purchase is a significant step forward in Dow's aim to expand its performance products and specialized portfolio in order to achieve more consistent profits growth.
  • The ADC Commercial Manufacturing Capacity Expansion at Sigma-Aldrich Corporation in St. Louis is now complete. SAFC will also be able to provide clinical and commercial bulk medication production, as well as fill/finish viral products for its gene therapy, viral vaccine, and immunotherapy customers, thanks to the funding.

Key Segments Covered

Type

  • Carboxymethyl cellulose.
  • Ethyl cellulose.
  • Ethyl methyl cellulose.
  • Hydroxypropyl cellulose.
  • Hydroxyethyl cellulose.
  • Others

Application

  • food and beverages
  • pharmaceutical and cosmetics
  • detergents
  • oil and gas
  • paper processing
  • others

Industry Vertical

  • Chemical & Petrochemical
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Healthcare
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the methyl cellulose industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the methyl cellulose market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Methyl cellulose market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed methyl cellulose market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the methyl cellulose Report

  • Who are the leading market players active in the methyl cellulose market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
      • What is " methyl cellulose"?
      • what does " methyl cellulose" allow organizations to achieve?
      • which technologies combine to make "methyl cellulose" a critical organizational asset?
      • What is " methyl cellulose" Market prediction in the future?
      • Who are the leading global players in the " Methyl cellulose" Market?
      • What are the current trends and predicted trends?
 
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