According to a market report by Lucintel, the future of the methyl cellulose market looks promising with opportunities in various applications, such as food & beverages, construction materials, paint & coatings, pharmaceuticals, and personal care & cosmetics. The global methyl cellulose market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increasing demand for methyl cellulose from the construction and food industries, huge investment in building & construction sector, and increasing relevance of grooming among adults and teenagers.
In this market, carboxymethyl cellulose, hydroxyethyl methyl cellulose, and hydroxypropyl methyl celluloseare the major segments by product type. Lucintel forecasts that carboxymethyl cellulose will remain the largest segment over the forecast period due to its dry mortar mixes to improve properties, such as workability, water retention, open and adjustment time, adhesion to surfaces, and viscosity.
Within this market, construction materials are expected to remain the largest application segment due to its improved development strategies to meet rising methylcellulose demand, increased availability of raw materials, greater purchasing power, and stringent regulatory framework.
North America will remain the largest region due to the increasing application of methyl cellulose in various end use industries, presence of a considerable number of well-established players in the region’s industrial sector, and growing food and beverage industry in North America.
The Dow Chemical Company, Ashland, Sigma-Aldrich, Zhejiang Kehong Chemical, BASF, LOTTE Fine Chemical, Shin-Etsu Chemical, Reliance Cellulose Products, Will Powder, and DowDuPont are the major suppliers in the global methyl cellulose market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global methyl cellulose market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Methyl Cellulose Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global methyl cellulose market by product type, application, and region, as follows:
Methyl Cellulose Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Carboxymethyl Cellulose
· Hydroxyethyl Methyl Cellulose
· Hydroxypropyl Methyl Cellulose
· Others
Methyl Cellulose Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Food & Beverages
· Construction Materials
· Paint & Coatings
· Pharmaceuticals
· Personal Care & Cosmetics
· Others
Methyl Cellulose Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Methyl Cellulose Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the methyl cellulose market by product type (carboxymethyl cellulose, hydroxyethyl methyl cellulose, hydroxypropyl methyl cellulose, and others), application (food & beverages, construction materials, paints & coatings, pharmaceuticals, personal care & cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?