Methyl Cellulose Market Segmentation:
Application (Construction Material, Cosmetic & Personal Care, Paints & Coatings, Pharmaceutical)
Construction material segment is set to dominate around 36.4% methyl cellulose market share by the end of 2035. The market growth can be attributed to the growing use of methyl cellulose as a performance enhancer in construction materials. It is added to dry mortar mixtures to enhance the mortar's workability, water retention, viscosity, adherence to surfaces, and open and adjustment times, among other qualities. Both gypsum and cement can be used as building materials. Tile adhesives, EIFS, insulating plasters, hand-trowelled and machine-sprayed plaster, stucco, self-leveling flooring, extruded cement panels, skim coatings, joint & crack fillers, and tile grouts are notable instances of dry mixed mortars that use methyl cellulose.
Methyl cellulose helps reduce material wastage by improving adhesion, workability, and shelf-life, making it a cost-effective choice for manufacturing and contractors. Moreover, rapid urbanization and infrastructure development are driving the demand for construction materials. Large-scale residential, commercial and industrial projects require high-performance construction additives, boosting the use of methyl cellulose.
Derivation (Hydroxyethyl Methyl Cellulose, Hydroxybutyl Methyl Cellulose, Hydroxypropyl Methyl Cellulose)
The hydroxypropyl methyl cellulose (HPMC) segment in methyl cellulose market is poised to garner a notable share in the forecast period. The segment is growing owing to its excellent film-forming properties, which makes it suitable for various applications such as tablet coatings, encapsulation, and controlled-release formulations. Both aqueous and nonaqueous solvents can be used since HPMC is soluble in polar organic solvents. It is soluble in hot and cold organic solvents, with special solubility characteristics. Due to its thermoplasticity and organo-solubility, HPMC is superior to its counterparts in methyl cellulose. Moreover, HPMC is generally recognized as safe (GRAS) by regulatory bodies, making it a preferred choice for use in diverse industries.
Our in-depth analysis of the global methyl cellulose market includes the following segments:
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