Methyl Cellulose Market Bonded To A Striking Growth By 2023; Asserts MRFR

Pune, India,  December 2017/MRFR Press Release/- Market Research Future Published a Half Cooked Research “Global Methyl cellulose  Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023.    

Methyl Cellulose Market – Market Overview

Methyl Cellulose Market is a hydrocolloid and a hydrophilic chemical compound that is obtained from cellulose. The product exhibits some beneficial properties such as zero toxicity, a non-allergic, and non-irritating nature. They are long-chain substituted cellulose and are synthetically manufactured by treating & heating cellulose with caustic solution and methyl chloride. Methylcellulose possesses unique properties which make them suitable to be used in numerous applications such as paints & coatings, pharmaceuticals, construction material, cosmetic & personal care, and others. Some of the other applications include lubricants and textile agent.

As per the analysis of MRFR, some of the protuberant factors and trends driving the growth of the market are rising awareness regarding the usage of the product, the increasing number of working professionals, and the growing construction sector. In addition to this, surging demand and use of new innovative products and the increasing popularity of various types of celebrity cosmetic items are predicted to fuel the demand for methylcellulose during the years to follow. Moreover, the increasing usage of methyl cellulose in the production of cosmetics & personal care products along with rising demand for personal care products such as shampoo, lotion, and cream is estimated to boost the growth of the market. On the plus side, huge investments in the building & construction sector in developed as well as emerging nations are estimated to raise the growth of the market. Thus, considering the fostering growth of the textile industry worldwide is expected to offer lucrative growth opportunities for the global methyl cellulose market.

Regionally, Asia Pacific has been estimated to grow at the highest CAGR during the forecast period owing to the rising demand from major end users such as paints & coatings, and construction materials among others. Asia Pacific is followed by North America and Europe in terms of market size.

Key Players:

The Dow Chemical Company (U.S.), Ashland (U.S.), Sigma-Aldrich Co. LLC. (U.S.), Zhejiang Kehong Chemical Co. Ltd (China), BASF SE (Germany), LOTTE Fine Chemical (South Korea), Shin-Etsu Chemical Co., Ltd (Japan), Reliance Cellulose Products Ltd. (India), Zhejiang Kehong Chemical Co. Ltd. (China), J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany) and others. are some of the prominent players at the forefront of competition in the global methyl cellulose market and are profiled in MRFR Analysis.

Methyl Cellulose Market- Competitive Landscape

The global Methylcellulose is a highly matured market driven by flourishing growth in the aerospace & defense industry, along with the flourishing transportation sector.  The DOW Chemical Company, Arkema S.A, AEP Industries Inc., E. I. Du Pont De Nemours and Company, Engineered Profiles LLC, and Sigma Plastics Group are the key shareholders in this market. The majority of the key market participants are investing in the expansion of their production capacities to strengthen their market position. After addressing dynamic growth in packaging, aerospace & defense, automotive industry, and construction industry experts have asserted that this market will be having increasing penetration of new players to enjoy the profitability of this market. Taking into account these trends, the global methyl cellulose market is likely to witness considerable competition over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

March 17, 2014- Essential Ingredients, Inc. and SE Tylose USA entered into an agreement to market and sell the product of SE Tylose USA called Tylose® line of cellulose ethers. The product is extensively used in the personal care segment. This development helped SE Tylose USA to increase its consumer base in the USA, wherein the demand for cellulose-based products is rapidly increasing from the pharmaceuticals and personal care industry. Access Full Report Details - Methyl Cellulose Market Share