According to ChemAnalyst report, “Global Ethyl Cellulose Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032” The Ethyl Cellulose market witnessed steady growth in the historical years and is estimated to reach a market volume of 35 thousand tonnes with a CAGR of 6.27% until 2032. The rising demand of Ethyl Cellulose by industries like Pharmaceutical Industry, Food Packaging, Electronic items, Personal care and cosmetic will most likely propel the demand of Ethyl Cellulose in the forthcoming years.
Ethyl Cellulose is synthesized by chemical reaction of ethyl chloride with alkali cellulose. Ethyl cellulose has a wide range of uses in numerous sectors. Due to its hydrophobic properties, the pharmaceutical industry is where it finds its main application. In the pharmaceutical sector, Ethyl Cellulose is employed as a coating substance, pill binder, and matrix shaper in microcapsules, and aids in controlled release dosage forms. Its non-toxic and tasteless nature makes it a suitable nature for packaging purposes. Moreover, it is also used as a food additive for the purpose of thickening or emulsifying liquids. Furthermore, in the cosmetic and skin care products ethyl cellulose is employer as thickening agent. In addition to being often employed as a coating and binding agent in polymer and packaging sectors, ethyl cellulose is a fragrance component in cosmetic items.
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The main market driver of the global Ethyl Cellulose market is the pharmaceutical industry. Due to its hydrophobic nature, ethyl cellulose is frequently employed as a binding and coating agent in pills. It is employed to control the hardness of the tablet. Common uses in the pharma industry include isolating taste, preventing the breakdown of water-sensitive medications, and acting as a film-forming agent to improve tablet appearance. Tablets can be kept in storage for a longer time because they don’t absorb water. Ethyl cellulose is used in the food and beverage sector as a coating and adhesive agent in the production of desserts and sweets.
The global Ethyl Cellulose is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Ethyl Cellulose market is segregated into Pharmaceutical Industry, Food Packaging, Electronic items, Personal care and cosmetic, and Others. As of 2021, the Pharmaceutical Industry is dominating the Ethyl Cellulose market with a market share of 35% and is expected to show this trend in the upcoming years as well. Ethyl Cellulose is utilized in the pharmaceutical industry as a coating agent, flavoring fixative, binding agent, filler, film-former, drug carrier, or stabilizers. As a reinforcement material in the tablet, this ingredient allows the tablets to sustain their shape and form for long periods of time.
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Asia Pacific is the largest consumer of Ethyl Cellulose, followed by Europe. Asia Pacific accounted for a market share of about 52% of the global Ethyl Cellulose market in 2021. Moreover, China is the leading producer of this chemical followed by USA.
“Global Ethyl Cellulose Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, The major players operating in the global Ethyl Cellulose are Shangdong Head Co. Ltd, Sidley Chemical Co.,Ltd., Colorcon, DuPont, Ashland Global Holding Inc, Asha Cellulose (I) Pvt. Limited, Ruitai International Holdings Co., Ltd, and others.
“Ethyl Cellulose is a hydrophobic cellulose derivative which is widely employed in the pharmaceutical sector as a binding agent to shape the tablets and work as a taste-masking agent in drugs. Ethyl cellulose is widely majorly used in the Asia-Pacific region due to the growth of the pharmaceutical industry. With improving manufacturing sites in this region, the output of ethyl cellulose by the Asia Pacific is anticipated to rise in the forecast period by 2032, with China being the lead producer. Furthermore, the growing application of ethyl cellulose in the personal care products as a binding agent is anticipated to further propel the ethyl cellulose market in the forecast period by 2032.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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