Cellulose Market (By Derivative Type: Commodity Cellulose Pulp, Cellulose Fibers, Cellulose Ethers, Cellulose Esters, Microcrystalline Cellulose, Others; By End Use: Textile, Food & Beverage, Chemical, Pharmaceutical, Construction, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global cellulose market is anticipated to grow at a CAGR of around 4.5% during the forecast period 2020 to 2027 and to reach around US$ 320.5 Bn by 2027.

Market Dynamics

Rapid technological advancement in polymer, wide applicability of cellulose in various end use industries such as food & beverage, chemical, cosmetic, etc. are major factor expected to drive the growth of global cellulose market. Pharmaceutical sector is flourishing across the globe and government is investing high for the development of innovative drugs. Cellulose is widely used in pharmaceutical sector for formulation of dosage forms and healthcare products. Major players are focused on development of innovative products in order to attract new customers and increase the profit share.

• In 2019, Eastman launched new portfolio of 13 cellulose esters for use in food contact applications such as inks, adhesives, tapes and labels, and internal can and other coatings. This is expected to help the company to enhance the product portfolio and increase the customer base further resulting in high profit ratio.

In addition, players approach towards increasing the business presence and enhance the product portfolio is another factor expected to further support the growth of target market.

• In 2019, Installed Building Products, Inc. Northeast Spray Insulation, Inc. a provider of spray foam, fiberglass, and cellulose insulation installation services, as well as thermal barrier services for residential single- and multi-family customers. This acquisition will help the company to increase to product portfolio and strengthen its position in target market.

Rising construction and reconstruction activities in emerging economies is resulting in demand for paint and coating products, which is expected to increase the demand for cellulose further augmenting the growth of target market. Demand for paint and coating products with enhance characteristic is increasing adoption of cellulose in order to improve the characteristics such as quick drying, smooth finish and hardness, while offering resistance to water, smoke and acids.

However, factor such as high capital investment for R&D activities and stringent government regulation related to product approval are factors expected to hamper the growth of global cellulose market. In addition, high cost associated to production and operation is another factor expected to challenge the growth of global market.

Technological advancements by major players and innovative product offerings are factors expected to create new opportunities for players over the forecast period. In addition, major players inclination towards developing countries in order to increase the customer base enhance the profit is another factor expected to support the market revenue traction.

Cellulose Market Segment Analysis, 2019

The global cellulose market is segmented into derivative type and end-use industry. The derivative type segment is bifurcated in to commodity cellulose pulp, cellulose fibers, cellulose ethers, cellulose esters, microcrystalline cellulose, and others. Among the end use industry pharmaceutical is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to high demand from food & beverage manufactures. In addition, increasing number of cosmetic manufactures are approach towards innovative product offerings is expected to increase demand for cellulose further supporting the growth of regional market.

Asia Pacific is expected to witness faster growth in the near future owing to high demand from paint & coating sector. In addition, increasing partnership activities between regional and international players is expected to further support the growth of target market in this region.

Competitive Landscape

The market is highly competitive due to presence of large number of players. In addition, new product launches and high investment for R&D activities is expected to further increase the competition in the market.

Report coverage

The market research study on “Cellulose Market (Derivative Type: Commodity Cellulose Pulp, Cellulose Fibers, Cellulose Ethers, Cellulose Esters, Microcrystalline Cellulose, and Others; Crop Type: Textile, Food & Beverage, Chemical, Pharmaceutical, Construction, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global cellulose market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global cellulose market segment by derivative type, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global cellulose market size and segment markets by derivative type, end use and geography along with the information on companies operating in the market. The cellulose market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Daicel Corp., Sigme Aldrich, DuPont, Akzo Nobel, Ashland Corp., Celanese Corp., International Paper, Invista, Bracell, and FMC Biopolymer.

Market Segmentation

Market By Derivative Type

• Commodity Cellulose Pulp
• Cellulose Fibers
• Cellulose Ethers
• Cellulose Esters
• Microcrystalline Cellulose
• Others

Market By End Use

• Textile
• Food & Beverage
• Chemical
• Pharmaceutical
• Construction
• Others

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa