Hydroxyethyl Cellulose Market Set to Exceed $1.1 Billion by 2032

The Hydroxyethyl Cellulose Market was valued at USD 754.63 million in 2024 and is expected to reach USD 1114.54 million by 2032, growing at a CAGR of 5.0%. Its growth is driven by applications in personal care, pharmaceutical, construction, and oilfield services industries.

The North American market, led by the U.S., is projected to reach USD 171.79 million by 2032 with a CAGR of 5.42%. The U.S. dominates the market due to strong demand from key industries like pharmaceuticals and favorable regulatory standards.

Cosmetic grade HEC led the market in 2024, with a 40.6% share, driven by demand in personal care products. High viscosity grades accounted for 47.3% market share, popular in products like shampoo and lotion for their thickening efficiency.

In 2024, HEC market for waterborne paints and coatings held 26.4% market share, as the industry shifts towards sustainable solutions. Asia Pacific led the market, accounting for 38.1% share, driven by growth in construction, pharmaceutical, and personal care industries.

Recent developments include Ashland expanding its cellulose ether production in China and Dow Chemical introducing a new HEC for sulfate-free shampoos. SNS Insider is a leading market research agency providing accurate data and insights for confident decision-making.

Read more at GlobeNewswire: Hydroxyethyl Cellulose Market to Surpass USD 1114.54