Lucintel Forecasts Methyl Cellulose Market to Reach $XX Billion by 2028

Market-Research

According to the recent study the methyl cellulose market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for methyl cellulose in the construction and food industries, huge investment in building & construction sector, and increasing relevance of grooming among adults and teenagers.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in methyl cellulose market by product type (carboxymethyl cellulose, hydroxyethyl methyl cellulose, hydroxypropyl methyl cellulose, and others), application (food & beverages, construction materials, paints & coatings, pharmaceuticals, personal care & cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Carboxymethyl cellulose market is expected to remain the largest segment during the forecast period.”

Based on product type, the methyl cellulose market is segmented into carboxymethyl cellulose, hydroxyethyl methyl cellulose, hydroxypropyl methyl cellulose, and others. Lucintel forecasts that the carboxymethyl cellulose market is expected to remain the largest segment due to its dry mortar mixes to improve properties, such as workability, water retention, open and adjustment time, adhesion to surfaces, and viscosity.

“Within the methyl cellulose market, the construction materials segment is expected to remain the largest application”

Based on application the construction materials segment is expected to witness the highest growth over the forecast period due to its improved development strategies to meet rising methylcellulose demand, increased availability of raw materials, greater purchasing power, and stringent regulatory framework.

“North America will dominate the methyl cellulose market in near future”

North America will remain the largest region due to the increasing application of methyl cellulose in various end use industries, presence of a considerable number of well-established players in the region’s industrial sector, and growing food and beverage industry in North America.

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Major players of methyl cellulose market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. The Dow Chemical Company, Ashland, Sigma-Aldrich, Zhejiang Kehong Chemical, BASF, LOTTE Fine Chemical, Shin-Etsu Chemical, Reliance Cellulose Products, Will Powder, and DowDuPont are among the major methyl cellulose providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/methyl-cellulose-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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