APAC Tops the Global Cellulose Ether Market | Technavio

The latest market research report by Technavio on the global cellulose ether market predicts a CAGR of more than 6% during the period 2017-2021.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180102005320/en/

The report segments the global cellulose ether market by application (pharmaceutical, food and beverages, personal care, and paint and coatings) and by geography (APAC, Europe, North America, and ROW). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global cellulose ether market, according to Technavio chemicals and materials researchers:

• Growth in the processed foods industry: a major market driver
• In 2016, the pharmaceutical segment dominated the market by occupying more than 41% share
• APAC dominated the global cellulose ether market with more than 51% share in 2016
• Akzo Nobel, Ashland, LOTTE Fine Chemical, SHANDONG HEDA, and The Dow Chemical Company are the leading players in the market

Avail Technavio’s Year-End Special offer: Get 50% off on this report and all other reports covering industries like ICT; energy; food and beverage; healthcare and life sciences; automotive; industrial automation; education; and many more. Offer valid only from Dec 18 – Jan 7.

Growth in the processed foods industry: a major market driver

Growth in the processed foods industry is one of the major factors driving the global cellulose ether market. The change in the patterns of consumer behavior and the growth of the processed food industry is expected to drive the global cellulose ether market. The growing demand for convenience foods and fast food is increasing the requirement for lightweight packaging. Apart from this, the properties of cellulose ether such as better water solubility and biodegradability are positively influencing the need for cellulose ether in food packaging. The packaging of a product plays an important role in the demand and shelf life of products. Processed foods need easy and flexible packaging material that is convenient and ensures product safety.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

APAC: largest cellulose ether market

In APAC, the major application industries of cellulose ether market such as the pharmaceutical, construction, food and beverage, and others are thriving due to significant economic growth rates. More than half of the world’s population lives in Asia. Consequently, the demand for healthcare is also high, which is proportional to the increasing rates of income, population, disease rates, and other factors. Thus, the medical device and pharmaceutical drug manufacturers in APAC are planning on different strategies to introduce high-quality products at low cost for more number of patients.

According to Hitesh Bhatia, a lead analyst at Technavio for research on specialty chemicals, “Among all the countries in APAC, India is the prime destination for medical tourism, followed by China. Furthermore, the healthcare sector in Australia and South Korea is also expected to grow during the forecast period. Hence, APAC is a major pharmaceutical manufacturing powerhouse in the world. This is mostly due to the increasing number of pharmaceutical companies in India, Singapore, and Malaysia. Hence, APAC is slated to enjoy a good growth rate.”

Competitive vendor landscape

The global cellulose ether market is one of the growing markets that consists of major vendors whose presence is widely recognized in APAC. Some of the vendors in the market are Akzo Nobel, Ashland, LOTTE Fine Chemical, SHANDONG HEDA, and The Dow Chemical Company. The market is moderately concentrated. Key vendors have integrated their business in the backward direction, in a cost-effective way. Apart from this, the companies are consistently working on plans to extend their product portfolio by investing heavily in R&D. The competitive environment might further intensify over the next five years since vendors are expected to compete based on factors such as the production cost, product innovation, price, operational cost, R&D cost, and product quality.

Get a sample copy of the global cellulose ether market report free of cost

Access Technavio’s continuously growing specialty chemicals research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180102005320/en/