“Global Methyl Cellulose Market” is a Latest Research Study from MARKET RESEARCH FUTURE by Manufacturers, Regions, Type and Application, Forecast to 2023. The Research report presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data
The benefits derived from the usage of methyl cellulose are the potential drivers of the market, such as it can be used as thickener and emulsifier, lubricant, substitution for artificial tears & saliva, nutritional supplement capsule constituent, additive in construction materials, paper & textile sizing, ingredient in glue & binder, etc. The clinical advantages of methyl cellulose helps in treating diseases like constipation, dry eyes, etc. Other factors that will catalyze the growth of the market are manufacturing low-calorie food, abundance of cellulose which is a key constituent of methyl cellulose, etc.
The growing application of methyl cellulose is leading the global market towards boom which is projected in the report published by Market Research Future (MRFR) for the forecast period (2016-2023).The application of methyl cellulose is thriving into some prominent sectors of the economy such as construction, pharmaceuticals, food & beverages, textile, etc. With the expansion of these sectors, the global market for methyl cellulose is also growing.
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Zhejiang Kehong Chemical Co. Ltd
LOTTE Fine Chemical
Reliance Cellulose Products Ltd.
J. RETTENMAIER & SÖHNE GmbH + Co KG
The Dow Chemical Company
Sigma-Aldrich Co. LLC.
Shin-Etsu Chemical Co., Ltd
Zhejiang Kehong Chemical Co. Ltd.
In October last year, BASF SE signed an agreement for acquiring significant parts of Bayer’s seed and non-selective herbicide business for USD 5.9 billion. Now, BASF SE has shown interest in acquiring Bayer’s entire vegetable seed business to divest this business in the context of its planned acquisition of Monsanto.
On the basis of region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia Pacific segment will exhibit highest CAGR owing to rising demand for methyl cellulose across several expanding sectors of the economy such as paint and coating, construction, etc. The countries with significant shareholding in this segment are India, China, Vietnam, and, Bangladesh due to increased demand in both industrial as well as residential construction vertical. The thriving urbanization and multiplying population are one of the key drivers of the market here. Other sectors whose expansion is positively affecting the market growth are food & beverage, pharmaceutical, etc. The countries such as South Korea, Indonesia, etc. holds potential for high demand of methyl cellulose owing to robust research & development, growth of pharmaceuticals, etc.
North America segment holds a significant share in the global market due to factors such as investment for revitalizing paints & coating industry, revamping of industrial sector, etc. The U.S. is the major contributor in this region followed by Canada as they have a widespread presence of both manufacturers and consumers. The growth of food & beverage sector in this region is also pushing the methyl cellulose market to grow further. Europe segment will demonstrate steady growth owing to factors like industrialization, increased investments for research & development, innovation, etc. Italy, France, Spain, and, Germany will contribute the most in this region. However, regulations on food by the government might be a restraint to the growth of the market in this segment.
Latin America segment will witness above-average growth owing to new business models that are being introduced. The principal contributors in this region are Argentina, Colombia, and, Brazil. For Middle East & Africa segment of the market, growth will be average with huge investment in institutional as well as commercial construction sector. Turkey, Oman, Saudi Arabia, Qatar and the United Arab Emirates (UAE) is estimated to influence industry growth over the assessment period positively.
The global Methyl Cellulose Market is segmented on the basis of derivative, application, and region. On the basis of derivative, the market is categorized into hydroxyethyl methyl cellulose, hydroxybutyl methyl cellulose, and hydroxypropyl methyl cellulose. On the basis of application, the market is classified into construction material, cosmetic & personal care, paints & coatings, pharmaceutical, and others. On the basis of region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Methyl Cellulose Manufacturers
Traders and Distributors of Methyl Cellulose
Production Process Industries
Raw Material Suppliers
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology