The Cellulose Ether and Its Derivatives Market is expected to rise from its initial estimated value of USD 5.46 billion in 2018 to an estimated value of USD 8.57 billion by 2026, registering a CAGR of 5.8% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in awareness regarding the benefits of cellulose ether and its derivatives increase in the number of oil drilling activities.
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Cellulose ethers are polymers produced by the chemical modification of cellulose. Cellulose ethers perform a variety of functions such as thickening, binding, water retention, soil ant redisposition, and acting as a protective colloid in many industries. There is a growing demand for cellulose ether and its derivatives in pharmaceuticals, personal care, foods and beverages and paints and coatings activates, which is expected to be one of the major drivers of the market over the next seven years.
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Global cellulose ether and its derivatives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cellulose ether and its derivatives market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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