Research Nester released a report titled “Ethyl Cellulose Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global ethyl cellulose market in terms of market segmentation by forms, application, grade and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Ethyl cellulose is an important commercial cellulose ether derivative. Ethyl cellulose is used as a polymer, as an excipient in drug production and also in food additive as a stabilizer. Owing to its extensive use in pharmaceutical and plastic industries, the ethyl cellulose market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by grade into pharmaceutical, industrial and food. Out of these, the pharmaceutical grade is anticipated to hold the leading share in the ethyl cellulose market. This can be attributed to huge demand for various drugs coupled with the establishment of more drug research and development centres.
Based on the regional analysis, the ethyl cellulose market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is predicted to hold the largest share on account of increasing requirements of ethyl cellulose as an excipient in the drug manufacturing methods, as well as for the presence of leading market players in the region.
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Growing Number Of Pharmaceutical Companies To Boost The Market Growth
As per the National Institutes of Health (NIH), in the United States, R&D investments of pharmaceutical companies have grown consistently over the past 15 years.
The demand for drugs is high as diseases are constantly being evolved and medical research activities being regularly carried out. This has resulted a rise in pharmaceutical companies to meet the market requirements which has further led to high demand of ethyl cellulose. Additionally, the growing plastics, cosmetics and packaging industries is anticipated to increase the market growth over the forecast period. However, there can be an improper use of ethyl cellulose as a drug manufacturing excipient which is estimated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global ethyl cellulose market which includes company profiling of The Dow Chemical Company (NYSE:DOW), DuPont de Nemours, Inc. (NYSE:DD), Ashland Global Speciality Chemicals Inc. (NYSE:ASH), Akzo Nobel N.V., FMC Corporation (NYSE:FMC), Sidley Chemical Co., Ltd and Shandong Head Co., Ltd. (SHE:002810).
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