Cellulose Derivative Excipient Market 2022
The global cellulose derivative excipient market was valued to be ~US$ 200 Mn in 2014, and is expected to exceed ~US$ 300 Mn by the end of 2019. The global market is projected to grow at a CAGR of ~6% between 2019 and 2029, and is estimated to reach a global value of around US$ 500 Mn by the end of 2029.
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The chemicals and materials vertical would be witnessing an eco-friendly transformation in the upcoming period. Plastic waste recycling would be one amongst these green initiatives. This would also be an era of materials informatics, i.e. machine learning would be employed to the materials’ development, which would, apart from improving on the cost of R&D, also provide better agility.
Synthetic biology would be another trend ruling the roost, as it would facilitate more flexible distribution of the chemicals and also help in exploration of novel markets, that too, at lower costs. Persistence Market Research is into tabling of these details of the chemicals and materials vertical through its team of riveting analysts and consultants.
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East Asia & South Asia to be Prominent Regions in the Global Cellulose Derivative Excipient Market
The growth of East and South Asia cellulose derivative markets is projected by emerging economies in regions such as Japan, China, India, and South Korea. The growing pharmaceutical sales in regions such as North America, Europe, and Asia-Pacific is expected to directly impact the global cellulose excipient market due to the increasing pharmaceutical production in these countries. As a consequence, the South Asia cellulose derivative excipient market is expected to grow lucratively with a significant CAGR value of ~8% over the forecast period of 2019-2029, in terms of value.
Growing Food and Cosmetics & Personal Care Industry to Boost the Market
The growing usage of excipients in food and cosmetics & personal care products as stabilizing agents, binders, bio-adhesives, and gelling agent has led to an increase in the demand for cellulose derivative excipients over the recent years. Countries such as the U.S., Germany, Spain, U.K., and Japan, have witnessed an increase in the demand for dietary supplements over the recent years.
The global cellulose derivative excipient market study has been completed in seven regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. The cellulose derivative excipient market is directly & indirectly dependent on the consumption and/or production of pharmaceutical, food, and cosmetics & personal care sectors in respective regions.
According to PMR study, North America and Europe markets are projected to be prominent regions with a significant growth rate and accounts for healthy shares in the global cellulose derivative excipient market due to the high consumption of such products. Owing to the production activities in South Asia, the South Asia market is expected to grow at a healthy CAGR of ~8% over the forecast period, in terms of value.
Key Players in the Global Cellulose Derivative Excipient Market
Eastman Inc., Dow DuPont Inc., Ashland Inc., Maple Biotech Pvt. Ltd., Nippon Soda Co. Ltd., Shin-Etsu Chemical Co., Shandong Head Co. Ltd, Tianjin ILE Pharmaceutical Materials Co., Ltd, Henan BOTAI chemical building materials Co., Ltd, Zhejiang Haishen New Materials Limited and Anhui Sunhere pharmaceutical, Sidley Chemical Co., Ltd, Kima Chemical Co.,Ltd., and Borregaard, among others.
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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