Cellulose Ether & Its Derivatives Market - Forecast (2022-2027)
The Cellulose Ether & Its Derivatives Market size is forecasted to grow at a CAGR of 5.1% during the forecast period 2022-2027 and reach US$ 6.7 billion by 2027. Cellulose ether is a water-soluble polymer that is derived from cellulose, one of the most abundant natural polymers. It is primarily produced by using acids and acid anhydrides as reagents under heterogeneous reaction conditions. Cellulose ether & its derivatives can be categorized into various types which include carboxymethyl cellulose (CMC), hydroxypropyl cellulose (HPC), methylcellulose (MC), ethyl cellulose (EC) and more. They are used in a wide range of industries which include construction, coatings, pharmaceuticals, oil & gas, textile and other industries. The expansion of cellulose ether & its derivatives is primarily driven by their usage in the construction industry. In 2020, the surge in the COVID-19 pandemic negatively impacted construction activities, thus, temporarily affecting the growth of t...