Cellulose is one of the most abundantly found organic polymers on Earth. It is a key structural component of the primary cell wall of all existing plant life. Besides green plants, cellulose is also found in numerous forms of algae, oomycetes, and even some species of bacteria secrete it to form biofilms. Cellulose is odourless, tasteless, and hydrophilic with a contact angle of about 20 to 30 degrees. Moreover, it is insoluble in water and most organic solvents. These biodegradable and biocompatible properties have significantly diversified the application pool of cellulosic polymers. They are used throughout the pharmaceuticals, textile, food and beverages, oil and gas, construction, and pulp and paper industries among others. These factors are collectively leading the global cellulosic polymers market to fruition.
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Growing Usage in Ophthalmic Drug Development s to Maintain Strong Momentum of Cellulosic Polymers Market
Owing to cellulose’s desirable properties, it is being extensively used throughout the healthcare and pharmaceutical industry. One of the most notable applications of cellulose polymers is in ophthalmic formulations. Promising biotechnology research and development initiatives showcase that it is safe for usage in ocular administration for both anime and humans. Cellulosic polymers have emerged as an instrumental platform for ocular drug discovery in treating various eye disorders. The nanocomposites found in cellulose have delivered better results in comparison to other polymers. Such a promising use case in the pharmaceutical industry is expected to generate strong tailwinds for the global cellulosic polymers market in the forecast period.
Thriving Textile Industry to Provide Impetus to Sustained Growth of Cellulosic Polymers Market
Cellulosic polymers have several functional properties which make them an excellent raw material in the textile industry. Precisely, clothing products made using regenerated cellulosic polymers exhibit incredible washability, high absorbency, enhanced smoothness and softness, and deliver desirable drape and comfort upon wearing. Such attributes have significantly deepened the application pool of regenerated cellulosic polymers including dress material, knitted wear, apparel, home textiles, and other unwoven textile products. Moreover, the growing demand for cupro and lyocell, a few types of regenerated cellulosic polymers, is stimulating more growth opportunities. Such a business landscape is expected to bode well for the prolonged growth of the global cellulosic polymers market.
Asia Pacific to Lead Cellulosic Polymers Market Amidst Flourishing End-use Industries
Several macroeconomic and industry-level factors are nurturing a healthy business landscape for the growth of the cellulosic polymers industry in Asia Pacific. Sustained economic growth, the significant presence of customers and the growing concentration of major end-user companies have created substantial demand for cellulosic polymers in this region. The regional market is further augmented by the rise in GDP per capita and the growing population. Besides, cigarette manufacturing in China and India has gained prominence around the world. These factors, coupled with the use of cellulose esters in cigarette manufacturing have instated Asia Pacific’s leading market positioning.
Leading Market Entities
Some of the most active players competing in the global cellulosic polymers industry include Daicel Corporation, DuPont, Mitsubishi Chemical Holdings Corporation, Celanese Corporation, Xinjiang Zhongtai Chemical Co. Ltd., Eastman Chemical Corporation, Celotech Chemical Co., Ashland, Nouryon, J. M. Huber Corporation, LENZING AG, Grasim, Sappi, China National Tobacco Corporation, and Acordis Cellulosic Polymers.
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