The analysts forecast global cellulose ether market to grow at a CAGR of 6.42% during the period 2017-2021. The latest trend gaining momentum in the market is Increasing concerns toward green building.
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The demand for green building constructions that are aimed to maintain Eco balance, energy efficiency, and reduction of CO2 emissions is increasing rapidly.
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It is estimated that the global green building construction, dominated by the US alone, generated approximately $245.48 billion in 2016 from $156.16 billion in 2014. This growth rate is due to the tax benefits provided by many governments across the globe.
For instance, the government of the US adopted Energy Policy Act of 2005 that included tax reforms on energy-efficient products. Moreover, cellulose ether-based paints and coatings are considered to be one of the most energy-efficient building material, since they are water-soluble.
Their demand for green buildings construction is growing rapidly. Thus, this is expected to fuel the demand for cellulose ether market during the forecasted period.
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Major key players in the global cellulose ether market: Akzo Nobel, Ashland, LOTTE Fine Chemical, SHANDONG HEDA, The Dow Chemical Company, CP Kelco, China Ruitai International Holdings, Kingstone Chemical China, SE Tylose, SIDLEY CHEMICAL, Zhejiang Haishen New Materials, and Zhejiang Kehong Chemical.
According to the cellulose ether market report, one of the major drivers for this market is Increasing investments in infrastructure development. The global construction industry is growing at a faster pace with a major contribution from emerging countries.
In 2016, the global construction market reached approximately $8.82 trillion from $7.91 trillion in 2012. This value is expected to hit $14.98 trillion by 2025.
Emerging countries have contributed 51.9% of the total construction industry in 2016 and are estimated to occupy approximately 62.5% by 2025. The governments of countries in APAC and ROW are investing in infrastructural development for people who are moving toward metropolitan cities looking for jobs and better lifestyle.
Therefore, increasing demand for infrastructure projects worldwide is also expected to drive the global cellulose ether market during the forecast period.
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Further, the cellulose ether market report states that one of the major factors hindering the growth of this market is Increasing concerns of wood logging. Wood logging is controlled by various governments across the globe in a bid to protect natural forests.
This affects the market negatively. For instance, in 2017, the Chinese government undertook the Natural Forest Protection Program that resulted in banning of wood logging in natural forests.
This is expected to shrink the size of timber production to an approximate 50.5 million cubic meters each year.
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Few Points from List of Exhibits:
Exhibit 1: Classification of Cellulose Ether
Exhibit 2: Market Segments
Exhibit 3: Global Cellulose Ether Market Market Size and Forecast 2016-2021 ($ Millions)
Exhibit 4: Global Cellulose Ether Market Year Over Year Growth 2017-2021 (%)
Exhibit 5: Five Forces Analysis 2016
Exhibit 6: Global Cellulose Ether Market By Application Market Share 2016-2021 (%)
Exhibit 7: Comparison By Application
Exhibit 8: Global Cellulose Ether Market For Pharmaceutical 2016-2021 ($ Millions)
Exhibit 9: Global Cellulose Ether Market For Pharmaceutical Year Over Year Growth 2017-2021 (%)
Exhibit 10: Global Cellulose Ether Market For Food and Beverages 2016-2021 ($ Millions)
Exhibit 11: Global Cellulose Ether Market For Food and Beverages Year Over Year Growth 2017-2021 (%)
Exhibit 12: Global Cellulose Ether Market For Personal Care 2016-2021 ($ Millions)
Exhibit 13: Global Cellulose Ether Market For Personal Care Year Over Year Growth 2017-2021 (%)
Exhibit 14: Global Cellulose Ether Market For Paint and Coatings 2016-2021 ($ Millions)
Exhibit 15: Global Cellulose Ether Market For Paint and Coatings Year Over Year Growth 2017-2021 (%)
Exhibit 16: Global Cellulose Ether Market For Others 2016-2021 ($ Millions)
Exhibit 17: Global Cellulose Ether Market For Others Year Over Year Growth 2017-2021 (%)
Exhibit 18: Market Opportunity By Application
Exhibit 19: Global Cellulose Ether Market Market Share By Geography 2016-2021 (%)
Exhibit 20: Regional Comparison