Pune, India -- (SBWIRE) -- 03/23/2018 -- The Global Methyl Cellulose Market is categorized into five regions based on geography, namely–North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among the above-mentioned regions, Asia Pacific accounted for around 37% market share in 2016 and is predicted to retain its dominance over the assessment period on account of increasing demand in pharmaceutical and food sector. Expansion of cosmetic & personal care industry in countries such as South Korea, India, Thailand, Malaysia, Vietnam, and China and increased investment for the expansion of end use industries such as automotive and construction. Additionally, rising disposable income coupled with growing population has resulted in an increasing demand for cosmetic products including shampoos, lotion & cream, and other skin care products in countries such as Malaysia, the Philippines, Vietnam, Thailand, China, and India is expected to boost the demand for Methyl Cellulose. Furthermore, increase in investments made by major companies in the pharmaceutical sector, the shift of manufacturing facilities to emerging economies, and robust industrial base, are additional factors contributing to the growth of the Methyl Cellulose Market in the Asia Pacific region.

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North America Methyl Cellulose Market is categorized into U.S and Canada. The U.S. is estimated to be the leading consumer markets due to increasing demand from end use industries such as textile and pharmaceutical sector. Latin American countries such as Venezuela, Brazil and Argentina are among the major contributors in the regional methyl cellulose market and is predicted to witness an average growth over the foreseeable future. Factors driving the regional market growth are economic developments, rising awareness regarding benefits of methyl cellulose, increasing consumer disposable income, and rapid adoption rate.

Europe Methyl Cellulose Market is presumed to witness healthy growth over the assessment period on account of increasing demand from cosmetic & personal care sector. Countries such as Germany and Spain are estimated to dominate the regional market share owing to rising demand for passenger and commercial vehicles. Furthermore, presence of key automobile manufacturers combined with high adoption rate of methyl cellulose in automobile sector is expected to propel the growth of the market. The Middle East & Africa is predicted to witness a substantial growth due to rising investment specifically, in Kuwait, Saudi Arabia, Oman, the United Arab Emirates (UAE), and Qatar. Qatar's construction industry is expected to expand at a healthy rate mainly driven by huge investments in rail roads, airport, stadium, energy as well as residential construction projects.

Segmentation
The Global Methyl Cellulose Market is categorized on the basis of derivative, application, and region. Based on derivative, the market is categorized into hydroxyethyl methyl cellulose, hydroxybutyl methyl cellulose, and hydroxypropyl methyl cellulose. Based on application, the market is segmented into construction material, cosmetic & personal care, paints & coatings, pharmaceutical, and others. Based on region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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Key Players

The Dow Chemical Company (U.S.)
Ashland (U.S.)
Sigma-Aldrich Co. LLC. (U.S.)
Zhejiang Kehong Chemical Co. Ltd (China)
BASF SE (Germany)
LOTTE Fine Chemical (South Korea)
Shin-Etsu Chemical Co., Ltd (Japan)
Reliance Cellulose Products Ltd. (India)
Zhejiang Kehong Chemical Co. Ltd. (China)
J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany)