The global Hydroxyethyl Cellulose (HEC) market was valued at US$ 532 million in 2019 and it is expected to reach US$ 664.9 million by the end of 2026, growing at a CAGR of 3.2% during 2021-2026.
Hydroxyethyl cellulose (HEC) is a nonionic, water-soluble polymer that can thicken, suspend, bind, emulsify, form films, stabilize, disperse, retain water, and provide protective colloid action. It is readily soluble in hot or cold water and can be used to prepare solutions with a wide range of viscosities.
The coatings industry in the United States, Western Europe, and Japan is mature and generally reflects the health of the economy, especially housing, construction, and transportation. Most of the market growth is driven by China and India because the technology of local manufacturers is still immature. During the forecast period, consumption in the Middle East will also grow moderately.
Compared to other celluloses such as CMC, the HEC market is highly concentrated and the CMC market is relatively fragmented. Ashland, Shin-Etsu Chemical and Dow Chemical are considered to be the three main players in the industry, accounting for 74% of the market. The HEC industry is an oligopoly, that is, a market with a very limited number of producers, a result of the high market entry barriers of high capital costs and the time-consuming and expensive process of product specification for final usage. But a worrying phenomenon is that there are many new players in China who are planning to enter this market. Currently, there are many small HEC manufacturers in China, but most of them have a production capacity of no more than 2,000 tons.
Cellulose ethers function as stabilizers, thickeners, and viscosity modifiers in many industries, including food, pharmaceuticals, personal care products, oil field chemicals, construction, paper, adhesives, and textiles. In select applications, they compete with each other and with synthetic water-soluble polymers (polyvinyl alcohol, polyurethane associative thickeners, polyacrylates) and natural water-soluble polymers (xanthan gum, carrageenan, locust bean gum). The choice of polymer is determined by price/performance trade-offs, availability, and ease of product reformulation based on price/performance considerations.
Global Hydroxyethyl Cellulose (HEC) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Hydroxyethyl Cellulose (HEC) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Ashland, Shin-Etsu Chemical, Dow Chemical, Luzhou North Chemical, Daicel Corporation, Chemcolloids, Zhejiang Haishen and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Industrial Grade
- Pharmaceutical Grade
- Food Grade
- Cosmetic Grade
Industrial Grade types accounted for the largest market share of 93%, while Cosmetic Grade was the fastest growing type
Segment by Application
- Building Material
- Personal Care and Cosmetic
Paint is the most widely used field accounting for 53% of all applications
Table of Content:
1 Hydroxyethyl Cellulose (HEC) Market Overview
2 Hydroxyethyl Cellulose (HEC) Market Competition by Manufacturers
3 Hydroxyethyl Cellulose (HEC) Retrospective Market Scenario by Region
4 Global Hydroxyethyl Cellulose (HEC) Historic Market Analysis by Type
5 Global Hydroxyethyl Cellulose (HEC) Historic Market Analysis by Application
6 Key Companies Profiled
7 Hydroxyethyl Cellulose (HEC) Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Hydroxyethyl Cellulose (HEC) Market Dynamics
10 Global Hydroxyethyl Cellulose (HEC) Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta