It also identifies the driving and restraining factors for the cellulose ethers market with an analysis of trends, opportunities, and winning imperatives. The market is segmented and the volume & value have been forecast on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of World . Furthermore, the market is segmented and forecast based on the major types of cellulose ethers in the industry.
The cellulose ethers and its derivatives market was estimated at $4,124.17 million in 2013 and is expected to grow by 7.08% till 2019.
Asia-Pacific Markets are the major market for cellulose ethers
The cellulose ethers market is segmented into four major regions: Asia-Pacific, Europe, North America, and Rest of World. The enormous potential in the Asia-Pacific countries , particularly in China and India, are likely to drive further growth in the cellulose ethers market. The U.S. and European countries are the leading regions for the research and development of high performance cellulose ethers products while the developing countries are in the early stages of new product development.
The Global cellulose ethers market to reach around 852 kilotons by 2019
The market for cellulose ethers in terms of volume is expected to reach 851.89 kilotons by 2019, at a CAGR of 5.88% from 2014 to 2019. Asia-Pacific dominated the cellulose ethers market volume in 2013. Asia-Pacific is expected to remain the major market by 2019, growing at a CAGR of 8.24% from 2014 to 2019. The developing RoW region which includes the Middle Eastern and African regions are also expected to show a high growth rate for cellulose ethers.
Asia-Pacific and Europe accounted for more than 60% of the cellulose ethers market size by value in 2013
In terms of value, Asia-Pacific is the largest market, with China leading the region. Europe is the second major market of cellulose ethers, globally. Asia-Pacific is expected to remain the major market by 2019, with increasing consumption of cellulose ethers due to growing demand in the end-user industries such as construction, personal care, food, and pharmaceuticals. The growth in the North American region is expected from the oil and gas application.