According to the recent research report titled ‘Global Hydroxyethyl Cellulose Market Size study, by Application ( Building Materials, Water Borne Paints & Coatings, Oil Fields, Personal Care & Cosmetics, Pharmaceuticals, Textiles, Food, Paper & Printing Inks) and Regional Forecasts 2022-2028’ available with MarketStudyReport, global hydroxyethyl cellulose market was valued at USD 813 million in 2021 and is expected to record a CAGR of 4.5% over the study period, subsequently accounting for USD 1100 million by 2028.

The global hydroxyethyl cellulose market growth is attributed to increasing usage of hydroxyethyl in the cosmetics and construction sectors, growing R&D activities, and rising number of mergers and acquisitions for proper use of hydroxyethyl cellulose across various industry verticals. A natural polymer called hydroxyethyl cellulose is created by chemically adding hydroxyethyl groups to cellulose.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/5110033/

The building material, oilfield, personal care, and cosmetic industries are all frequently known to utilize hydroxyethyl cellulose due to its beneficial properties such as exceptional viscosity control agent and high binding strength, which in turn is paving the way towards the overall market growth. However, safety concerns could be a major drawback for the growth of this market in the ensuing years.

Worldwide hydroxyethyl cellulose industry vertical is segmented based on application model and regional analysis. By application model, the market is bifurcated into building materials, oil fields, water-borne paints & coatings, pharmaceuticals, personal care & cosmetics, food, textiles, and paper & printing inks.

The regional analysis of this business sphere extends to Asia-Pacific, Latin America, North America, Europe, and the rest of the world. Asia-Pacific market is predicted to record significant growth during the study timeframe owing to increasing usage of hydroxy ethyl cellulose as a construction material and growing demand for environmentally friendly products.

Ashland Global Specialty Chemicals Inc., Wuxi Sanyou New Material Technology Co. Ltd., Dow Chemical Co., Yil-Long Chemical Group, Shin-Etsu Chemicals Co. Ltd., Zhejiang Haishen New Materials Limited, AkzoNobel N.V., Chemcolloids Ltd., Daicel Corporation, and Lotte fine Chemicals are some of the leading industry players defining the competitive terrain of the global hydroxyethyl cellulose marketplace.