The Business Research Company’s report on the Cellulosic Polymers Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the cellulosic polymers market in recent years?
The growing popularity of personal care products is expected to propel the growth of the cellulosic polymer market going forward. Personal care products encompass a broad spectrum of items utilized for hygiene, grooming, and enhancing appearance, including skincare, haircare, oral care, cosmetics, and fragrances. This surge in popularity is fueled by heightened consumer awareness of health and wellness, an emphasis on personal grooming and aesthetics, and the impact of social media trends. Cellulosic polymers are widely used in personal care products as thickeners, stabilizers, and film-forming agents to enhance texture, viscosity, and product performance. For instance, in July 2024, according to a report published by the British Beauty Council, a UK-based organization, in 2023, the personal care sector contributed £27.2 billion ($30.44 billion) to the GDP, marking an 11% rise compared to 2022. This growth is attributed to a 10% increase in household spending on personal care products and services in the UK. Therefore, the growing popularity of personal care products is driving growth in the cellulosic polymer market.
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What is the projected market size of the cellulosic polymers industry, and how is it expected to grow?
The cellulosic polymers market size has grown rapidly in recent years. It will grow from $10.17 billion in 2024 to $11.19 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to the growing demand for sustainable materials, the rising eco-friendly packaging solutions, increased regulatory support for biodegradable products, the expansion of the food and beverage industry, and the need for improved performance in paints and coatings.
The cellulosic polymers market size is expected to see strong growth in the next few years. It will grow to $16.23 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increasing consumer preference for sustainable and biodegradable products, the expansion of the construction industry demanding eco-friendly materials, the rising awareness of environmental issues influencing purchasing decisions, government policies promoting the use of bio-based materials, and the growing demand for health and wellness products requiring safe packaging solutions. Major trends in the forecast period include advancements in technology enabling the production of specialty cellulose products, a focus on circular economy practices encouraging recycling and reusability, heightened consumer interest in sustainable and natural materials, the development of innovative applications in the pharmaceutical sector, and collaboration between industries to promote bio-based alternatives.
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Who are the key players driving competition in the cellulosic polymers market?
Major companies operating in the cellulosic polymers market are Dow Inc., Mitsubishi Chemical Group Corporation, Shin-Etsu Chemical Co. Ltd., Asahi Kasei Corporation, Grasim Industries Limited, DuPont de Nemours Inc., Eastman Chemical Company, Celanese Corporation, Nippon Paper Industries, Borregaard ASA, Sappi Limited, Nouryon Chemicals Holding B.V., Daicel Corporation, Lenzing AG, Rayonier Advanced Materials, CP Kelco ApS, Blanver Farmoquimica e Farmaceutica S.A., J. Rettenmaier & Söhne GmbH, Viscose Group, JNC Corporation.
What key trends are expected to drive the cannabis-infused products market during the forecast period?
Major companies operating in the cellulosic polymers market are transitioning towards biodegradable alternatives, such as natural fibers and plant-based materials, to gain a competitive edge in the market. Natural fibers and plant-based materials are biodegradable substances derived from plants, animals, or minerals, utilized across various applications to promote sustainability and reduce ecological footprints. For instance, in March 2022, Polyplastics Group, a Japan-based manufacturing company, introduced PLASTRON LFT, an environmentally friendly material composed of specially formulated regenerated cellulose fibers. This lightweight product offers exceptional mechanical strength, helping manufacturers reduce their carbon footprint and achieve sustainability objectives. By integrating natural fibers and plant-based materials, PLASTRON LFT broadens its application potential. Developed using a solvent-based process that significantly reduces CO2 emissions and waste, the material efficiently recycles nearly all solvents used. Compared to long-fiber glass-reinforced polypropylene, PLASTRON LFT is both lighter and stronger, featuring a flexural modulus approximately 3% higher, along with superior impact, tensile, and flexural strength, making it a durable and sustainable alternative for various industries.
Which key geographies are driving the growth of the cellulosic polymers market?
Asia-Pacific was the largest region in the cellulosic polymers market in 2024. The regions covered in the cellulosic polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the cellulosic polymers market?
The cellulosic polymers market covered in this report is segmented –
1) By Type: Cellulose Esters, Cellulose Ethers
2) By Application: Paints And Coatings, Flexible Packaging, Skin Care, Print Laminations, Other Applications
3) By End User: Food And Beverage, Building And Construction, Personal And Cosmetic Care, Medical And Pharmaceutical, Other End Users
Subsegments:
1) By Cellulose Esters: Cellulose Acetate, Cellulose Propionate, Cellulose Butyrate, Cellulose Acetate Propionate, Cellulose Acetate Butyrate
2) By Cellulose Ethers: Methyl Cellulose (MC), Hydroxypropyl Methylcellulose (HPMC), Hydroxyethyl Cellulose (HEC), Carboxymethyl Cellulose (CMC), Ethyl Cellulose (EC)
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How is the cellulosic polymers market defined, and what are its core characteristics?
Cellulosic polymers are biodegradable materials derived from cellulose, primarily obtained from plant sources and utilized in diverse applications such as packaging, textiles, and pharmaceuticals due to their versatile properties. Their advantages include biodegradability, renewability, non-toxicity, and adaptability, making them ideal for various industries while contributing to environmental sustainability.
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