WILMINGTON, DE / ACCESSWIRE / December 22, 2022 / The global hydroxyethyl cellulose (HEC) market is projected to grow at a CAGR of 4.6% from 2022 to 2031. HEC is a polysaccharide derivative with water-retaining, emulsifying, bubble-forming, and gel-thickening properties. Hydroxyethyl cellulose is a thickening enhancer used in the production of water-based paints. This additive improves the paint's overall application and effectiveness. It also bolsters the durability and stability of water-based paints.
Global demand for hydroxyethyl cellulose is expected to rise during the forecast period, due to a rise in demand from multiple end-use industries such as food and beverage, textiles, building and construction, oil & gas, and pharmaceuticals.
According to the TMR report, the global hydroxyethyl cellulose market was valued at US$ 507.2 Mn in 2021 and is anticipated to reach US$ 793.5 Mn between 2021 and 2031. The rapidly expanding construction industry has propelled the need for building materials, which in turn would fuel the industry's demand for hydroxyethyl cellulose. Such factors are projected to aid in market expansion during the forecast period.
Request FREE Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2485
Key Findings of Study
- Rise in On-site Application of Exterior and Interior Building Surfaces to Promote Market Growth: Increase in usage of hydroxyethyl cellulose in architectural coatings is projected to aid in the expansion of this market. Such coatings are currently in high demand from all three sectors - commercial, industrial, and residential. Rise in rate of on-site applications for both exterior and interior building surfaces is projected to boost the hydroxyethyl cellulose market growth during the forecast period.
- Growth in Popularity of Water-based Paints and Coatings to Boost Demand for Hydroxyethyl Cellulose: The thickness of paints and coatings is derived from the volume of hydroxyethyl cellulose in them, and thus, the surge in demand for paints and coatings is projected to help create new market opportunities for the hydroxyethyl cellulose industry. Increase in popularity of water-based paints and coatings is likely to further help promote business growth during the forecast period.
Buy this Premium Research Report | Immediate Delivery Available - https://www.transparencymarketresearch.com/checkout.php?rep_id=2485<ype=S
Key Drivers
- Increase in usage of hydroxyethyl cellulose in personal care and cosmetic products is anticipated to propel this market in the next few years
- Rise in building and construction activities is projected to help increase the hydroxyethyl cellulose market size during the forecast period
- Low cost of HEC and its diverse applications across multiple end-user industries are likely to help augment its demand in the future market
Regional Growth Dynamics
- Asia Pacific accounted for 34.9% of the global market share and emerged dominant on account of the rapidly growing construction activities
- The markets in North America and Europe are projected to witness significant growth during the forecast period due to the presence of a few large-scale vendors and their significant efforts to maintain brand presence in the overall market competition
Key Players
Significant players in the global hydroxyethyl cellulose market include Daicel Miraizu Ltd., Celotech Chemical Co., Ltd., Shin-Etsu Chemical Co., Ltd., Ashland Global Specialty Chemicals Inc., Lotte Fine Chemical, SE Tylose, Sumitomo Seika Chemicals Co., Ltd., and Dow Chemical Company.
Request for Customization - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2485
Hydroxyethyl Cellulose Market Segmentation
Grade
- Industrial
- Cosmetic
- Pharmaceutical
- Others
Viscosity
- <500 cps
- 500 -1000 cps
- 1000 - 3000 cps
- >3000 cps
Application
- Surface Coating
- Oilfield
- Drilling Fluid
- Workover and Completion Fluid
- Hydraulic Fracturing Fluid
- Building
- Paint
- Adhesive
- Others
- Personal Care
- Skin Care Cosmetics
- Hair Care Cosmetics
- Pharmaceutical
- Tablet
- Oral Syrup
- Gel
- Ophthalmic Solution
- OthersPolymer Additive
- Surfactant
- Food & Beverage
- Others
End-use
- Building & Construction
- Oil & Gas
- Pharmaceutical
- Home Care
- Personal Care
- Textiles
- Paper
- Food & Beverage
- Others
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Browse More Chemicals and Materials Reports by TMR:
- Carbon Fiber Market Size, Growth, Trends, and Forecast 2022-2031
- Coil Coatings Market Trends, and Forecast 2022-2031
- Ferroalloys Market Growth Analysis & Forecast 2022-2031
- Caustic Soda Market Size, Share, Growth, Outlook 2022-2031
- Automotive Wire and Cable Materials Market Growth, Trends, and Forecast 2022-2031
- Spray Polyurethane Foam (Open Cell, Closed Cell and Others) Market Size, Share, Growth, Trends, and Forecast 2022-2031
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
SOURCE: Transparency Market Research Inc.