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Cellulose Derivatives Market Size (2024 - 2029)

The cellulose derivatives market is projected to experience significant growth over the forecast period, driven by increasing demand from the pharmaceutical sector and the expanding use of cellulose ether in construction. Despite challenges posed by the COVID-19 pandemic, the market has shown recovery as global economies rebound. Competition from synthetic and protein-based fibers presents a challenge, as manufacturers often opt for cheaper alternatives. However, the development of biofuels from cellulose offers a promising opportunity for market expansion. The Asia-Pacific region holds the largest market share and is expected to maintain its dominance.

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Market Size of Cellulose Derivatives Industry

Cellulose Derivatives Market Summary
Study Period 2019 - 2029
Market Volume (2024) 7.10 Million tons
Market Volume (2029) 9.84 Million tons
CAGR (2024 - 2029) > 6.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Cellulose Derivatives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Cellulose Derivatives Market Analysis

The Cellulose Derivatives Market size is estimated at 7.10 Million tons in 2024, and is expected to reach 9.84 Million tons by 2029, growing at a CAGR of greater than 6.5% during the forecast period (2024-2029).

The cellulose derivatives market was negatively impacted, and its growth and stability were hindered by the spread of the COVID-19 pandemic worldwide in 2020. Governments across the world imposed specific parameters and regulations, which caused the market to experience challenges such as the unavailability of raw materials, transportation limitations, and a reduced workforce. Further, as countries worldwide started to work on recovering their socioeconomic state in 2021, the market also started to witness recovery and growth due to rising investment and other business activities across the end-user industries.

Major factors driving the market studied are the increasing demands from the pharmaceutical industry and the growing use of cellulose ether in the building and construction industry.

The major hindrance to this market is the competition for regenerated cellulose fibers from synthetic fibers and other protein-based fibers. Manufacturers often prefer switching toward inexpensive synthetic materials, like polyester, to cut down their production costs. In addition, synthetic fibers possess superior characteristics of adaptability, durability, elasticity, and strength equal to that of VSF, making it a suitable choice for manufacturers.

The innovation of biofuels as a promising renewable energy source through the use of cellulose is a significant opportunity for the growth of the market.

Asia-Pacific accounted for the highest market share, and the region is also likely to dominate the market during the forecast period.

Cellulose Derivatives Industry Segmentation

Cellulose derivatives are formed from the pulp produced after the separation of cellulose fibers from fiber crops, waste paper, or wood. Cellulose is a natural polymer and the most abundant polysaccharide that can be extracted from a vast number of sources, including wood and plants, some bacteria and algae, and also tunicates. Cellulose derivatives are extensively used in various industrial sectors, such as paint and coatings, textiles, food and beverage, etc.

The market is segmented by product type (cellulose esters, cellulose ethers, and regenerated cellulose), end-user industry (construction, cosmetics, and pharmaceuticals, food and beverage, paints and coatings, plastics, and textiles), and geography (Asia-Pacific, North America, Europe, and the Rest of the World). The report also covers the market size and forecasts for the market in 11 countries across the globe.

The report offers market size and forecasts for the cellulose derivatives market in volume (tons) for all the above segments.

Chemical Type
Cellulose Esters
Cellulose Ethers
Regenerated Cellulose
End-user Industry
Construction
Cosmetics & Pharmaceuricals
Food & Beverage
Paints & Coatings
Plastics
Textile
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Mexico
Canada
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Rest of the World
South America
Middle East & Africa
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Cellulose Derivatives Market Size Summary

The cellulose derivatives market is poised for significant growth, driven by increasing demand from the pharmaceutical and construction industries. The market experienced setbacks due to the COVID-19 pandemic, which disrupted supply chains and reduced workforce availability. However, recovery began in 2021 as global economies started to stabilize, leading to increased investments and business activities. The market is further bolstered by the rising use of cellulose ether in the building and construction sector, as well as its applications in the food and beverage industry, where it is valued for its chemical and mechanical properties. Despite the competition from synthetic fibers, the innovation of biofuels from cellulose presents a promising opportunity for market expansion.

Asia-Pacific dominates the cellulose derivatives market, with significant contributions from the textile, cosmetics, and pharmaceutical sectors. The region's robust manufacturing base, particularly in China and India, supports the market's growth. The increasing demand for food packaging, driven by urbanization and changing consumer lifestyles, further propels the market. The cellulose derivatives are extensively used in construction materials and the paper industry, with Asia-Pacific being a major producer of these products. The market is characterized by a fragmented landscape with key players like Daicel Corporation, Ashland, and Eastman Chemical Company, who continue to innovate and expand their product offerings to meet the growing global demand.

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Cellulose Derivatives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Pharmaceutical Industry

      2. 1.1.2 Increasing Use of Cellulose Ether in Building and Construction Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Competition of Regenerated Cellulose Fibers from Synthetic Fibers and Other Protein-based Fibers

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Technological Snapshot

    6. 1.6 Feedstock Analysis

  2. 2. MARKET SEGMENTATION (Market Size in Value/Volume)

    1. 2.1 Chemical Type

      1. 2.1.1 Cellulose Esters

      2. 2.1.2 Cellulose Ethers

      3. 2.1.3 Regenerated Cellulose

    2. 2.2 End-user Industry

      1. 2.2.1 Construction

      2. 2.2.2 Cosmetics & Pharmaceuricals

      3. 2.2.3 Food & Beverage

      4. 2.2.4 Paints & Coatings

      5. 2.2.5 Plastics

      6. 2.2.6 Textile

      7. 2.2.7 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Mexico

        3. 2.3.2.3 Canada

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle East & Africa

Cellulose Derivatives Market Size FAQs

The Cellulose Derivatives Market size is expected to reach 7.10 million tons in 2024 and grow at a CAGR of greater than 6.5% to reach 9.84 million tons by 2029.

In 2024, the Cellulose Derivatives Market size is expected to reach 7.10 million tons.

Cellulose Derivatives Market Report Snapshots

Cellulose Derivatives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)