Methyl Cellulose's market behavior emerges as a complex ecosystem in which a set of interconnected variables determine the dynamics of supply and demand and act as steering wheels in food, pharmaceuticals, construction and cosmetics industries. The Cellulose Derivative, Methyl Cellulose, is employed due to its manifold properties such as viscosity improvement, 3 stability, and film formation. Demand of Methyl Cellulose is influenced mostly via its application in multiple sectors that utilizes it as a component in other formulations. The evolution of the Methyl Cellulose market is tied to the greener and environmental market trends, the progress in medical formulations, and the general trend for multifunctional additives in different industries.
For the construction industry, Methyl Cellulose is a popular thickener/water retention additive for cement-based products which include, glue for installing tiles, mortar and plaster This constituent has good application characteristics, which consist of improvement of workability, reduction of slumping and better adhesion. In most construction mixes, it plays the key role. The demand for Methyl Cellulose for construction purposed is subject to factors like construction development, green building materials trends, and the general growth of the construction industry. The developments of the Methyl Cellulose market in construction is suitable to the movements of the construction code amendments, construction practice, and the more and more concentration of green and sustainable building solutions.
Methyl Cellulose is a Methyl Cellulose used as a pharmaceutical excipient in the pharmaceutical industry which facilitates controlled release and desired improved bioavailability in drug formulations. It is employed in the manufacture of solid dispersions, as an emulsifier in liquid formulations, and as an ocular solution agent. The demand for Methyl Cellulose in pharmaceuticals develops as the need for reliable, non-hazardous excipients, novel drug delivery technologies matures, and the dosage forms suitable for patients are developed. The changes of the Methyl Cellulose market in pharmaceutics are triggered by the shifts of regulatory requirements, the new ideas for the formulation of drug products and the increasing interest in patient oriented healthcare solutions.
In food making, Methyl Cellulose is used as a thickener, stabilizer as well as emulsifier in various food products which comprise of sauces, dressings and bakery items. Its capability to provide for better texture, viscosity control, and shelf life that are much desired by food formulation manufacturers has made it a popular ingredient. The customer demand for Methyl Cellulose in the food industry is placed by the clean label ingredients trend, the plant-based alternative’s need and not the last but not the least the functional food products’ general trend.
The Methyl Cellulose Market was valued at USD 1,690 million in 2019 and is estimated to reach USD 2,440 million by 2030 with a CAGR of 4.5%.
Methyl Cellulose belongs to a family of hydrocolloids and a hydrophilic chemical compound obtained from cellulose. It possess various characteristics such as zero toxicity, 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. They possess unique properties which make them suitable to be used in numerous application such as paints & coatings, pharmaceutical, construction material, cosmetic & personal care, and others. Some of the other application include lubricants, textile agent.
As per our analysis, some of the prominent market factors and trends identified in the Global Methyl Cellulose are rising awareness, increasing number of working professionals, and growing construction sector. Furthermore, the rising importance of grooming among adults as well as teenagers is expected to propel the growth of the market. New product innovation and increasing popularity of various types of celebrity cosmetic items are predicted to fuel the demand for Methyl Cellulose in upcoming years. Moreover, 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 investment in building & construction sector in developed as well as emerging nations are estimated to raise the growth of the market. Additionally, it is used as a sizing agent or binder in paper and textile industry. Thus, considering the fostering growth of textile industry worldwide is expected to offer lucrative growth opportunities for Global Methyl Cellulose Market.
In 2024, IFF, a global leader in food and beverage, home and personal care, and health, launched a new controlled release platform for its portfolio of products, including METHOCEL™, ETHOCEL™, and POLYOX™. Under the title "Timing is Everything," the platform offers comprehensive solutions for pharmaceutical therapies that benefit patients, emphasizing the necessity of regulated release of active components and enhancing patient compliance.
With the launch of ROVITARIS Binding Solution including Rubi Protein today, functional ingredient supplier ICL Food Specialties and Plantible Foods will join the race to replace the commonly used but increasingly disliked binding and gelling ingredient methylcellulose in plant-based protein in 2023. ROVITARIS is positioned as a "clean label" alternative to chemically processed binders in plant-based meat and seafood, with the companies touting it as a "one-of-a-kind functional protein system" that delivers comparable binding to methylcellulose but over a wider temperature range, as well as a more desirable texture and nutritional profile.
The Methyl Cellulose Market Share by Application (2016), (%):
Regional Analysis:
The Methyl Cellulose Market is segmented into five regions namely– Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is expected to grow at the highest CAGR during the forecast period due to rising demand from end use application such as paints & coatings and construction material among others. The demand for Methyl Cellulose is estimated to surge in developing countries of Asia Pacific such as India, China, Vietnam, and Bangladesh on account of increasing industrial as well as residential construction sector. Moreover, ease of availability of raw material, growing purchasing power, soberly stringent regulatory framework, inexpensive labor cost, and improving development strategies to fulfil the demand for Methyl Cellulose in the growing applications are the important factors for the regional market growth.
Asia Pacific emerged as the largest market followed by North America and Europe. North America is predicted to witness a significant growth in Methyl Cellulose Market owing to the recovery of industrial sector coupled with escalating investments to revitalize paints & coating industry. North American countries such as U.S and Canada are among the major contributors in the regional market growth and are estimated to see a significant regional market growth in the near future due to strong presence of manufacturers and end use industries. The U.S. accounted for the largest market share in terms of value and is predicted to grow with a moderate CAGR owing to growth in cosmetic & personal care.
In Europe, countries such as Italy, France, Spain, Germany, and U.K have emerged as prominent consumer markets due to developed end use industries and increasing expenditure on research, development and innovation. Latin American countries such as Argentina, Colombia, and Brazil are also estimated to witness an above average growth with the association of new business models. Moreover, lubricants are widely used in automotive and general industry, rising automobile production and sales as well as expansion of general industry in countries such as China, India, Mexico, Germany, Spain, and Japan will further drive the market growth. The Middle East & Africa is estimated to witness an average growth during the assessment period. Huge investment in institutional as well as commercial construction sector in Turkey, Oman, Saudi Arabia, Qatar and the United Arab Emirates (UAE) is estimated to positively influence industry growth over the assessment period.
Segmentation: The 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.
Key Players:
Some of the prominent players operating in the Methyl Cellulose Market are 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.
Recent Development
Jan 2022 At its facility in Doel, Belgium, Ashland has begun to boost the manufacturing capacity of BenecelTM cellulose ethers. Capacity will be raised by more than 50% when the project is completed in 2023, supporting the growing demand for products sold to medicines, nutrition, and performance specialist applications. Methycellulose (MC) and methyhydroxyethylcellulose (HPMC), two high-purity BenecelTM cellulose ethers, are employed in various medicinal, nutrition, and personal care applications. This development will also increase production for various additional specialty grades utilized in high-end industrial sectors.
Geographical Analysis:
The Methyl Cellulose Market Report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Intended Audience
Methyl Cellulose Manufacturers
Traders and Distributors of Methyl Cellulose
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)