Cellulose Ethers Market - Forecast(2021 - 2026)
Cellulose Ethers Market size is forecast to reach US$5.9 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026. Cellulose ether owing to its moisture absorption property, thermal decomposition, and stability, is extensively used in the construction industry. As per the Global Construction Perspectives and Oxford Economics report, global construction production is estimated to reach $15.5 trillion by 2030, with three nations – China, the United States, and India leading the way and accounting for 57% of the global growth. With the enlarging investments in the construction sector, the long-term potential for increased cellulose ether use is moderately high, thus which is therefore anticipated to raise the opportunities for the growth of the cellulose ether market over the forecast period. Moreover, rising awareness regarding safeguarding the environment is also estimated to create opportunities for the growth of biobased products such as cellulose e...