Market Forecast By Product Type (Carboxymethyl Cellulose, Methyl Cellulose & Derivatives, Hydroxyethyl Cellulose, Others), By Application (Food and Beverage, Pharmaceuticals and Healthcare, Construction, Cosmetics, Personal Care, Others) And Competitive Landscape
Product Code: ETC093043 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Cellulose Ethers market currently, in 2023, has witnessed an HHI of 1974, Which has increased slightly as compared to the HHI of 1506 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Cellulose Ethers Market |
Forecast Period | 2024-2030 |
CAGR | 7.2% |
Growing Sector | Construction Sectorย |
The India Cellulose Ethers Market Report thoroughly covers the market by product type and application. The India Cellulose Ethers Market Outlook report provides an unbiased and detailed analysis of the ongoing India Cellulose Ethers Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India Cellulose Ethers Market is witnessing significant growth and is estimated to attain prominent success due to the drivers such as increasing demand from the construction, personal care, and pharmaceutical industries. The government of the nation is implementing various initiatives to support the growth of the market.
According to 6Wresearch, the India Cellulose Ethers Market size is anticipated to rise at a CAGR of 7.2% during 2024-2030. The cellulose ethers market in India is driven by several factors such as increasing demand for construction material, growing demand for personal care products, and rising demand from the pharmaceutical industry. The construction industry in India is booming, and it is expected to continue this growth in the coming years. Cellulose ethers are used in the construction industry as additives for cement, gypsum, and mortars. They improve the properties of these materials by enhancing their workability, durability, and water retention capacity. Similarly, there is a growing demand for personal care products such as shampoos, lotions, and creams in India. Cellulose ethers are widely used in these products as thickening agents, stabilizers, and emulsifiers. The pharmaceutical industry in India is also witnessing growth and cellulose ethers are used as excipients in tablet formulations. These factors have been driving the India Cellulose Ethers Market Growth.
One of the significant challenges is the high cost of raw materials. Cellulose ethers are derived from cellulose, which is mainly obtained from wood pulp. The cost of wood pulp is volatile, which affects the overall cost of cellulose ethers. The second challenge is the environmental impact of producing cellulose ethers. The production process generates a significant amount of wastewater, which can be harmful to the environment if not treated properly. Finally, there is a lack of awareness about the benefits of cellulose ethers in some industries, which hinders the growth of the market.
The India cellulose ethers market is highly fragmented, with several players operating in the industry. Some of the major players in the market are Ashland, DowDuPont Inc., CP Kelco, Akzo Nobel NV, and Shin-Etsu Chemical Co. Ltd. These players are focusing on R&D activities to develop innovative products that cater to the diverse needs of the market. They are also expanding their production capacities to meet the growing demand for cellulose ethers in India.
The Indian government has implemented several initiatives to support the growth of the cellulose ethers market in the country. One of the initiatives is the โMake in Indiaโ campaign, which encourages domestic production and manufacturing of goods. This initiative has led to an increase in the production of cellulose ethers in India, which has reduced the dependence on imports. The government has also launched schemes such as the National Green Tribunal (NGT) Act and the Swachh Bharat Abhiyan (Clean India Mission) to reduce the environmental impact of the cellulose ether production process.
India cellulose ether market has a promising future, driven by the demand from various Industries, advancements in technology, the growing awareness of biodegradable materials, and Government support and initiatives. With the expanding scope of the cellulose ether market and the increasing demand from various industries such as construction, pharmaceuticals, and FMCG, the future looks bright for the cellulose ether industry in India.
According to Parth, Senior Research Analyst, 6Wreserach, based on the current trends and market dynamics, it can be inferred that CMC as well as methyl cellulose segments are expected to be the dominant product types in the coming years.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cellulose ethers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cellulose ethers Market Revenues & Volume, 2020 & 2030F |
3.3 India Cellulose ethers Market - Industry Life Cycle |
3.4 India Cellulose ethers Market - Porter's Five Forces |
3.5 India Cellulose ethers Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 India Cellulose ethers Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 India Cellulose ethers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Cellulose ethers Market Trends |
6 India Cellulose ethers Market, By Types |
6.1 India Cellulose ethers Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Cellulose ethers Market Revenues & Volume, By Product Type, 2020 - 2030F |
6.1.3 India Cellulose ethers Market Revenues & Volume, By Carboxymethyl Cellulose, 2020 - 2030F |
6.1.4 India Cellulose ethers Market Revenues & Volume, By Methyl Cellulose & Derivatives, 2020 - 2030F |
6.1.5 India Cellulose ethers Market Revenues & Volume, By Hydroxyethyl Cellulose, 2020 - 2030F |
6.1.6 India Cellulose ethers Market Revenues & Volume, By Others, 2020 - 2030F |
6.2 India Cellulose ethers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cellulose ethers Market Revenues & Volume, By Food and Beverage, 2020 - 2030F |
6.2.3 India Cellulose ethers Market Revenues & Volume, By Pharmaceuticals and Healthcare, 2020 - 2030F |
6.2.4 India Cellulose ethers Market Revenues & Volume, By Construction, 2020 - 2030F |
6.2.5 India Cellulose ethers Market Revenues & Volume, By Cosmetics, 2020 - 2030F |
6.2.6 India Cellulose ethers Market Revenues & Volume, By Personal Care, 2020 - 2030F |
6.2.7 India Cellulose ethers Market Revenues & Volume, By Others, 2020 - 2030F |
7 India Cellulose ethers Market Import-Export Trade Statistics |
7.1 India Cellulose ethers Market Export to Major Countries |
7.2 India Cellulose ethers Market Imports from Major Countries |
8 India Cellulose ethers Market Key Performance Indicators |
9 India Cellulose ethers Market - Opportunity Assessment |
9.1 India Cellulose ethers Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 India Cellulose ethers Market Opportunity Assessment, By Application, 2020 & 2030F |
10 India Cellulose ethers Market - Competitive Landscape |
10.1 India Cellulose ethers Market Revenue Share, By Companies, 2023 |
10.2 India Cellulose ethers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |