From GlobeNewswire: 2024-11-20 07:52:00

The Cellulose Ether & Derivatives Market was valued at USD 7.9 billion in 2023 and is projected to reach USD 17.0 billion by 2032, growing at a CAGR of 8.9% from 2024-2032. Cellulose ethers like HPMC and CMC play a crucial role in various industries due to their properties like thickening, binding, and water retention.

In 2023, Hydroxypropyl Methylcellulose (HPMC) dominated the Cellulose Ether & Derivatives Market, accounting for around 40% share. The Adhesives segment led the market at 35%, while the Construction segment held the largest share at approximately 45%. The Asia-Pacific region led the market with a 45% share in 2023, driven by demand from construction, pharmaceutical, and food industries.

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Read more at GlobeNewswire: Cellulose Ether & Derivatives Market to Reach USD 17.0