Potential Application in Ocular Drug Delivery, and Drug Bioavailability to Influence Cellulosic Polymers Market Growth
Cellulose polymers have been one of the widely used materials in ophthalmic formulations. In addition, they have been researched upon and studied in both humans and animals for ocular administration. According to NCBI (National Centre for Biotechnology Information), cellulosic polymers have been considered as key platform for ocular drug delivery for treatment of eye disorders. Moreover, being biocompatible, their versatility and multifunctional properties have resulted in their use in enhancing the bioavailability and solubility of ophthalmic drugs. An expanding application base is expected to drive the growth of global cellulosic polymers market. Nanocomposites of cellulose have provided superior results as compared to other polymers, thus providing cellulosic fibres a parallel application funnel with regards to ocular drug delivery. However, research on their potential use in this field is an ongoing effort, as per the National Centre for Biotechnology Information. This factor is likely to present potential growth opportunities for cellulosic polymers market in the forthcoming years. The other uses of various cellulosic polymers such as cellulose esters and ethers also remain instrumental in driving cellulosic polymers market ahead. Cellulosic polymers are used in various industrial applications including but not limited to food and beverages, textile manufacturing, oil and gas, pulp and paper, construction, and pharmaceuticals in particular personal care. This aspect is expected to provide a stream of opportunities for companies involved in the production of cellulosic polymers.
Regenerated Cellulosic Polymers to Reign Supreme
The demand for regenerated cellulosic polymers has been witnessing a major increase since past few years and is expected to maintain status quo as the most used type of the polymer. Regenerated cellulosic polymers are widely used in the textile industry owing to their functional properties such as easily washable, high absorbency, high smoothness, and softness, provide good drape and highly comfortable for wearing. These functional advantages have propelled their use in applications such as dress material, apparel, knitted wear, home textiles, and other nonwoven uses. Every type of regenerated cellulosic fibre has its specific use and application. For instance, cupro is used in lining, apparel, and active wear, whereas lyocell is used in sportswear and modal in bed sheets, intimates, and towels. Largely driven by the demand from textile industry, the adoption of regenerated polymers is expected to increase significantly, in turn largely contributing towards value growth of the cellulosic polymers market.
Asia Pacific Likely to Remain an Optimistic Revenue Pocket
Several macro and industry specific factors continue to influence the growth of cellulosic polymers market in Asia Pacific. Few of these aspects such as stable economic growth, increasing presence of end user companies owing to high customer pool backed by growth in population and rising GDP per capita have embossed a positive impact on the market. Moreover, manufacturing of cigarettes in China, and India accounted for a significant share from a global standpoint. After a net low in cigarette manufacturing due to lockdown conditions, the market for cigarettes has picked up pace. This is expected to re-trigger demand for cellulosic polymers, especially cellulose esters that are used in the manufacturing of cigarette filters. This factor is likely to contribute towards cellulosic polymers market growth.
In addition, textile industry across emerging nations in Asia Pacific is another growth contributor for cellulosic polymers market. Countries in Asia Pacific such as China, Bangladesh, India and Vietnam account for a major share in Asia’s textile industry. For instance, according to India Brand Equity Foundation (IBEF), contribution of the textile sector in India’s GDP is about 4% and is a modestly growing industry. Furthermore, construction activities in India and China are also following footprints of growth favoured by rising government efforts in these countries. For instance, the “Housing for All by 2022” effort by the government of India is likely to change the face of the construction sector in the country. In this backdrop, growing construction sector is expected to fuel demand for cellulosic polymers that are used as reinforcement material in cements, in turn boosting growth of their market. Overall, Asia Pacific is poised to remain optimistic offering new opportunities for manufacturers of cellulosic polymers.
Cellulosic Polymers Market: Competitive Landscape
Few of the major players in the cellulosic polymers market include Ashland, Xinjiang Zhongtai Chemical Co. Ltd., Daicel Corporation, LENZING AG, Eastman Chemical Corporation, Nouryon, J. M. Huber Corporation, DuPont, Celanese Corporation, Celotech Chemical Co., Mitsubishi Chemical Holdings Corporation, Grasim, Sappi, Acordis Cellulosic Polymers, and China National Tobacco Corporation.
The global cellulosic polymers market is segmented as below:
Key Elements Included In The Study: Global Cellulosic Polymers Market
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