Cellulosic Polymers Market Size To Reach $14.88 Billion By 2030

Cellulosic Polymers Market Growth & Trends

The global cellulosic polymers market size is anticipated to reach USD 14.88 billion by 2030, registering a CAGR of 6.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rapidly increasing demand for cellulosic polymers from end-use industries, such as food & beverage, building & construction, personal & cosmetic care, and medical & pharmaceutical, is anticipated to drive the market growth. Cellulosic polymers, especially cellulose ether polymers, are majorly used across the paints & coatings industry as thickening agents for waterborne paints.

Furthermore, a reduction in the degree of polymerization of these polymers results in the loss of the paint viscosity. The rising demand for paints & coatings in line with the growing building & construction industry is anticipated to propel the demand for cellulosic polymers during the forecast period. Furthermore, with technological advancements, manufacturers are rapidly progressing in developing and launching new products, joint ventures, and other strategic initiatives. For instance, in April 2022, Nouryon introduced Bermocoll Flow Cellulose ether, a natural paint thickener.

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Cellulosic Polymers Market Report Highlights

• The Asia Pacific regional market size was estimated at USD 9.02 billion in 2022 and is expected to grow at a CAGR of 6.3% from 2023 to 2030

• The continuous evolution of consumer tastes and preferences, followed by the increasing demand for healthier, more natural, and sustainable foods has driven innovation and new product development in the food & beverage industry

• Cellulose ethers are water-soluble polymers that are used as thickeners, stabilizers, and viscosity modifiers across various industries including medical & pharmaceuticals, food & beverage, building & construction, and others

• Cellulosic polymers are majorly used for the manufacturing of cellophane in the form of regenerated cellulose. Cellophane is a thin and transparent biodegradable film, which is commonly used across food packaging owing to its low permeability to oils, air, bacteria, and water

Cellulosic Polymers Market Segmentation

Grand View Research has segmented the global cellulosic polymers market on the basis of type, application, end-use, and region:

Cellulosic Polymers Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Cellulose Esters

  • Cellulose Acetate

  • Others (CAB & CAP)

• Cellulose Ethers

  • Regenerated Cellulose

  • Fibres (Viscose, Modal, Lyocell, and Cupro)

  • Films (Hydrated Cellulose Foil)

Cellulosic Polymers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Paints & Coatings

• Flexible Packaging

• Skin Care

• Print Laminations

• Others

Cellulosic Polymers End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Food & Beverage

• Building & Construction

• Personal & Cosmetic Care

• Medical & Pharmaceutical

• Others (Oil & Gas, Textile)

Cellulosic Polymers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • The Netherlands

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Indonesia

  • Thailand

  • Vietnam

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • United Arab Emirates (UAE)

  • South Africa

List of Key Players in Cellulosic Polymers Market

• Nouryon Chemicals Holding B.V.

• CP Kelco U.S., Inc.

• Ashland

• Shin-Etsu Chemical, Co., Ltd.

• Celanese Corporation

• Daicel Corporation

• Eastman Chemical Company

• Lenzing AG

• Dow, Inc.

• Mitsubishi Chemical Group Corporation

• Grasim Industries Limited

• Sappi Europe SA