Global Cellulose Ether Market 2017-2021
About Cellulose Ether
Cellulose ether is a water-soluble polymer that is used in various end-user industries. It possesses functional properties such as water solubility, pH stability, binding, water retention, surface activity, and emulsification. It is used in various applications such as binding, thickening, soil anti-redeposition, water retention, protective colloid, and others. Cellulose ether is manufactured from various raw materials such as wood fiber, cotton fiber, and others mainly through chemical modification of cellulose.
Technavio’s analysts forecast the global cellulose ether market to grow at a CAGR of 6.42% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cellulose ether market for 2017-2021. The market size for the global cellulose ether market has been derived by triangulating data from multiple sources and approaches.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cellulose Ether Market 2017-2021
Technavio recognizes the following companies as the key players in the global cellulose ether market: Akzo Nobel, Ashland, LOTTE Fine Chemical, SHANDONG HEDA, and The Dow Chemical Company
Other Prominent Vendors in the market are: CP Kelco, China Ruitai International Holdings, Kingstone Chemical China, SE Tylose, SIDLEY CHEMICAL, Zhejiang Haishen New Materials, and Zhejiang Kehong Chemical.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing concerns toward green building. The demand for green building constructions that are aimed to maintain Eco balance, energy efficiency, and reduction of CO2 emissions is increasing rapidly. It is estimated that the global green building construction, dominated by the US alone, generated approximately $245.48 billion in 2016 from $156.16 billion in 2014. This growth rate is due to the tax benefits provided by many governments across the globe. For instance, the government of the US adopted Energy Policy Act of 2005 that included tax reforms on energy-efficient products. Moreover, cellulose ether-based paints and coatings are considered to be one of the most energy-efficient building material, since they are water-soluble. Their demand for green buildings construction is growing rapidly. Thus, this is expected to fuel the demand for cellulose ether market during the forecasted period.”
According to the report, one of the major drivers for this market is Increasing investments in infrastructure development. The global construction industry is growing at a faster pace with a major contribution from emerging countries. In 2016, the global construction market reached approximately $8.82 trillion from $7.91 trillion in 2012. This value is expected to hit $14.98 trillion by 2025. Emerging countries have contributed 51.9% of the total construction industry in 2016 and are estimated to occupy approximately 62.5% by 2025. The governments of countries in APAC and ROW are investing in infrastructural development for people who are moving toward metropolitan cities looking for jobs and better lifestyle. Therefore, increasing demand for infrastructure projects worldwide is also expected to drive the global cellulose ether market during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Increasing concerns of wood logging. Wood logging is controlled by various governments across the globe in a bid to protect natural forests. This affects the market negatively. For instance, in 2017, the Chinese government undertook the Natural Forest Protection Program that resulted in banning of wood logging in natural forests. This is expected to shrink the size of timber production to an approximate 50.5 million cubic meters each year.
Akzo Nobel, Ashland, LOTTE Fine Chemical, SHANDONG HEDA, The Dow Chemical Company, CP Kelco, China Ruitai International Holdings, Kingstone Chemical China, SE Tylose, SIDLEY CHEMICAL, Zhejiang Haishen New Materials, and Zhejiang Kehong Chemical.