Persistent Market Research (PMR) has published new market research on The auxiliary materials market of cellulose derivatives which includes a global industry analysis of 2014–2018 and a forecast of 2019–2029 with 2018 as the base year. The report offers a comprehensive analysis for a ten-year forecast. The global Cellulose Derivative Excipients report assesses the key macro and forecasting factors that are expected to drive the growth of the market. The report analyzes factors that are expected to drive the market during the forecast period, as well as the restraints that are expected to affect the global market. The Cellulose Derivatives Excipients Market report also discusses potential opportunities and recent trends in the global market along the entire value chain.
The global cellulose derivatives auxiliary market was valued at US$ 200 million in 2014, and is expected to exceed US$ 300 million by the end of 2019. The global market is expected to grow at a CAGR of ~6% between 2019 and 2029, and is estimated to reach a global value of About 500 million dollars by the end of 2029.
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East Asia and South Asia will be prominent regions in the global cellulose derivatives excipients market
The growth of cellulose derivatives markets in East and South Asia is anticipated by emerging economies in regions such as Japan, China, India and South Korea. The growing pharmaceutical sales in regions such as North America, Europe and Asia-Pacific are expected to directly affect the global cellulose excipients market due to increasing pharmaceutical production in these countries. Consequently, the South Asia Cellulose Derivatives Excipients Market is expected to grow lucratively with a significant CAGR of ~8% during the forecast period of 2019-2029, in terms of value.
Growth of the food and cosmetics and personal care industry to increase the market
The increasing use of excipients in food and cosmetics and personal care products as stabilizers, binders, bio-adhesives and gel material has led to an increase in demand for cellulose-derived excipients in recent years. Countries such as the USA, Germany, Spain, the UK and Japan have experienced an increase in demand for nutritional supplements in recent years.
The Global Cellulose Derivatives Excipient Market study has been completed across seven regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa. The cellulose derivative excipients market depends directly and indirectly on the consumption and/or production of pharmaceuticals, food, cosmetics and personal care in the respective regions.
According to PMR research, markets in North America and Europe are expected to be prominent regions with a significant growth rate and account for healthy shares of the global cellulose derivatives excipients market due to the high consumption of such products. Owing to the manufacturing activity in South Asia, the South Asian market is expected to grow at a healthy CAGR of ~8% over the forecast period, in terms of value.
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Key Players in the Global Cellulose Derivatives Excipients Market
Eastman Inc., Dow DuPont Inc., Ashland Inc., Maple Biotech Pvt. Ltd., Nippon Soda Co. Ltd., Shin-Etsu Chemical Co., Shandong Head Co. Ltd, Tianjin ILE Pharmaceutical Materials Co., Ltd., Henan BOTAI Chemical Building Materials Ltd., Zhejiang Haishen New Materials Limited and Anhui Sunhere Pharmaceuticals, Sidley Chemical Co., Ltd., Kima Chemical Co., Ltd., and Borregaard, among others.
Cellulose derivatives excipients market summary
The global excipients market for cellulose derivatives is expected to witness significant growth in the next ten years. The pharmaceutical sector in particular is expected to represent significant opportunities for manufacturers. Furthermore, the increasing demand for hydroxypropyl methyl cellulose (HPMC) in multiple applications is also expected to represent a significant potential for the market during the forecast years.
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