Global Ethyl and Methyl Cellulose Coating Market – Industry Trends and Forecast to 2029

Global Ethyl and Methyl Cellulose Coating Market, By Substrate Type (Tablets, Capsules,  Pills), Application (In Vitro, In Vivo, Emulsifier, Stabilizer, Thickener, Foaming Agent, Anti-clumping Agent), Industrial Uses (Food Industry, Pharmaceuticals, Surface Coating, Others)  – Industry Trends and Forecast to 2029

Market Analysis and Size

The ethyl and methyl cellulose coatings have largely gained popularity owing to their applications in pharmaceuticals as well as in food and beverages sector. Additionally, the factors such as surging investment for the product development and further innovations have significantly contributed to the high demand for ethyl and methyl cellulose coating market, which further increases the overall growth for the market.

Global Ethyl and Methyl Cellulose Coating Market was valued at USD 795.00 million in 2021 and is expected to reach USD 1439.11 million by 2029, registering a CAGR of 7.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Report Scope and Market Segmentation

Market Definition

The ethyl and methyl cellulose coating functions as a thickening, vegetable gum, foaming agent, and emulsifier. Its E-number is E465. Chemically, it is a cellulose derivative containing ether linkages connecting the ethyl and methyl groups.

Ethyl and Methyl Cellulose Coating Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Demand Across Food Industry

The food industry is a major driver of ethyl and methyl cellulose coating. The market is expected to do well in the near future because of how many different things it can be used for in the food and beverage business, including as an emulsifier, stabilizer, and foaming agent. The main reasons propelling the expansion of the global ethyl and methyl cellulose coating market are the expanding food business, demand for food additives, rising packaged food demand, and ongoing innovation in food processes. A further factor driving the expansion of the market throughout the anticipated period is its widespread application in the food industry, particularly in jelly goods, dairy products, and beverages.

Furthermore, the market is expected to expand quickly because to the numerous uses in the pharmaceutical, personal care, culinary, building, oil and gas and other end-use industries. The factors such as growth of personal disposable income coupled with the rapid economic growth will further propel the growth rate of ethyl and methyl cellulose coating market. Additionally, the growth and expansion of the various end-use industries are projected to bolster the growth of the market.

Opportunities

• Growth in Investments and Product Approvals

Furthermore, the surging investment for the product development and further innovations extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing number of product approvals from regulatory bodies will further expand the future growth of the ethyl and methyl cellulose coating market.

Restraints/Challenges

• Health Issues

However, when ingested in high concentrations, the ethyl and methyl cellulose coating may cause health problems such constipation, diarrhea, and bloating. This is a factor affecting the market's growth.

• Availability of Substitutes

The availability of better and natural substitutes will further challenge the growth of the ethyl and methyl cellulose coating market.

This ethyl and methyl cellulose coating market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ethyl and methyl cellulose coating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Ethyl and Methyl Cellulose Coating Market

The recent outbreak of coronavirus had a negative impact on the ethyl and methyl cellulose coating market. Several countries were compelled to enact limitations in order to break the COVID-19 transmission chain. There were no longer any industrial or production facilities open for business. These causes have decreased the manufacturing of methyl cellulose. COVID-19 had a negative impact on the market. Methyl Cellulose, a substance used in construction materials, has seen a decrease in demand as a result of temporary halts in construction activities brought on by government-imposed lockdowns in several nations.

Recent Development

• In May 2021, Anomera Inc., which makes the highest-quality cellulose nanocrystals under the trade names DextraCel, ChromaPu, and ChromAllur, has received a strategic investment from Rayonier Advanced Materials. Anomera represents a new cellulosic technological platform for expansion. This investment should provide a fresh foundation for the company to develop into new markets.

Global Ethyl and Methyl Cellulose Coating Market Scope

The ethyl and methyl cellulose coating market is segmented on the basis of substrate type, industrial uses and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Substrate Type

• Tablets
• Capsules
• Pills

 Application

• In Vitro
• In Vivo
• Emulsifier
• Stabilizer
• Thickener
• Foaming Agent
• Anti-clumping Agent

Industrial Uses

• Food Industry
• Pharmaceuticals
• Surface Coating
• Others

Ethyl and Methyl Cellulose Coating Market Regional Analysis/Insights

The ethyl and methyl cellulose coating market is analyzed and market size insights and trends are provided by country, substrate type, industrial uses and application as referenced above.

The countries covered in the ethyl and methyl cellulose coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the availability of various manufacturers, rising demand of the product and rising investment for the development of novel drugs within the region.

Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the growing applications in pharmaceuticals as well as in food and beverages sector within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ethyl and Methyl Cellulose Coating Market Share Analysis

The ethyl and methyl cellulose coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ethyl and methyl cellulose coating market.

Some of the major players operating in the ethyl and methyl cellulose coating market are

• Dow (U.S.)
• Shin-Etsu Chemical Co., Ltd (Japan)
• Ashland (U.S.)
• LOTTE Fine Chemicals (South Korea)
• Shandong Head Co., Ltd (China)
• Nouryon (Netherlands)
• Colorcon (U.S.)
• J.M. Huber Corporation (U.S.)
• J. RETTENMAIER SOHNE GmbH + Co KG (Germany)
• FENCHEM (China)
• Hebei Jiahua Cellulose Co., Ltd. (China)
• DKS Co. Ltd (Japan)
• Lamberti S.p.A (Italy)
• Zibo Hailan Chemical Co., Ltd (China)