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India Cellulose Ether Market

India Cellulose Ether Market

India Cellulose Ether Market, By Product Type (Methyl Cellulose (MC), Hydroxyethyl Cellulose (HEC), Hydroxypropyl Methylcellulose (HPMC), Carboxymethyl Cellulose (CMC), Ethyl Cellulose); By Application (Construction, Pharmaceuticals, Personal Care & Home Care, Food & Beverages, Paints & Coatings, Oil & Gas, Textiles): By Sales Channel (Direct Sales, Distributor Sales, Online Retail, Retail Stores); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: April 2024
  • Report ID: BWC24251
  • Available Format: PDF
  • Page: 200

Report Overview

An increasing demand for cellulose ether from the thriving major end use industries driven by a number of large infrastructure projects across the country is expected to drive the India Cellulose Ether Market during the forecast period between 2024 and 2030.

India Cellulose Ether Market – Industry Trends & Forecast Report, 2030

India Cellulose Ether Market size by value was estimated at USD 783.11 million in 2023. During the forecast period between 2024 and 2030, the India Cellulose Ether Market size is projected to grow at a CAGR of 7.28% reaching a value of USD 1,028.42 million by 2030. Prominent drivers of the market are the rising investments in infrastructure endeavors and the increasing urban housing domain. Nationally, various infrastructure projects such as airport expansions, smart city initiatives, and the construction of commercial and residential buildings are fueling the demand for cellulose ether and its derivatives. Particularly noteworthy is the growing demand for cellulose ether and its derivatives, especially in the paints and inks industry, owing to their eco-friendly attributes and versatility across multiple sectors including textiles, construction, and automotive. In construction, cellulose ether is highly valued for its water retention and thickening properties, serving as a crucial rheology modifier. Also, these derivatives find extensive usage in the food and beverage sector, spanning from baked goods to personal care and pharmaceutical products.

India Cellulose Ether Market

By volume, the India Cellulose Ether Market size was estimated at 26.12 thousand tons in 2023. During the forecast period between 2024 and 2030, the India Cellulose Ether Market size is projected to grow at a CAGR of 6.17% reaching the volume of 34.27 thousand tons by 2030. Recognized for their natural composition, cellulose ethers offer pharmaceutical applications high glass transition temperatures, solubility, and hydrogen bonding capabilities, alongside exceptional stability and low toxicity. This surge in demand can be attributed to heightened consumer awareness regarding eco-friendly options, escalating concerns for wellness, and industry advancements focusing on sustainable product development. Notably, India's Cellulose Ether Market is witnessing a surge in growth, driven by its increased utilization across diverse sectors.

India Cellulose Ether Market Share

Cellulose Ether – Overview

Cellulose Ether, a finely powdered substance derived from short cotton or wood fibers chemically treated with etherifying agents like Chlorinated Ethylene and Chlorinated Propylene, serves as a water-soluble polymer with diverse functions. It acts as binders, thickeners, stabilizers, film formers, and rheology modifiers across industries such as food, pharmaceuticals, personal hygiene products, construction materials, papers, and adhesives. In pharmaceuticals, it plays a crucial role in tablet coatings, granulation, and controlling chemical release. Its adaptability and versatility make it indispensable, enhancing the functionality and quality of various products, cementing its status as a valuable component in numerous applications.

India Cellulose Ether Market

Growth Drivers

Growing End Use Industries

The India Cellulose Ether Market is expected for growth, fueled by expanding end-use industries like personal care and pharmaceuticals, coupled with technological advancements. Particularly in pharmaceuticals, cellulose ethers serve as excipients in various medication formulations, facilitating controlled release mechanisms triggered by physiological fluids. The hydrogel network of cellulose ethers enables a complex interplay of swelling, diffusion, and erosion mechanisms, influencing drug release. Moreover, quaternized cellulose ethers enhance sensory attributes and performance in personal care products, elevating characteristics such as softness, smoothness, and moisturization. Hydroxyethyl Cellulose, renowned for its thickening properties and water solubility, finds extensive use in hair care and cosmetics, effectively enhancing product viscosity and texture. Its versatility as a polymer gum, characterized by rapid hydration and viscosity control, further underscores its significance in various applications.

Challenges

High Fluctuations in Raw Material Prices

Fluctuations in raw material prices pose a significant constraint to the growth of the India Cellulose Ether Market. Variations in the cost of key raw materials required for cellulose ether production can significantly impact production costs and profit margins. Such instability can disrupt supply chains, affect pricing strategies, and hinder market expansion efforts. As a result, market players face challenges in maintaining competitive pricing and stable operations, ultimately impeding the overall growth trajectory of the cellulose ether market in India.

India Cellulose Ether Market

Segmental Coverage

India Cellulose Ether Market – By Product Type

By product type, the India Cellulose Ether Market is divided into Methyl Cellulose (MC), Hydroxyethyl Cellulose (HEC), Hydroxypropyl Methylcellulose (HPMC), Carboxymethyl Cellulose (CMC), and Ethyl Cellulose segments. The carboxymethyl cellulose (CMC) segment holds the highest share in the India Cellulose Ether Market by product type. It is primarily due to its high viscosity, non-toxicity, and hypoallergenic characteristics. Its high solubility and ability to maintain solution clarity make it a popular choice in beverages and dry mixes. Furthermore, CMC finds extensive application in drug delivery and tissue engineering, with successful incorporation of medications like apomorphine for Parkinson's disease treatment into CMC powder formulations. This formulation demonstrated prolonged nasal release, surpassing starch-based delivery methods. Increasing consumer awareness of healthy diets propels the demand for CMC, reflecting its growing significance in various industries.

India Cellulose Ether Market – By Application

Based on application, the India Cellulose Ether Market is divided into Construction, Pharmaceuticals, Personal Care & Home Care, Food & Beverages, Paints & Coatings, Oil & Gas, and Textiles segments. The construction segment holds the highest share in the India Cellulose Ether Market by application. Cellulose ethers have emerged as the preferred option within the construction sector, driven by a growing emphasis on eco-friendly chemicals. Simultaneously, as societal living standards advance and awareness regarding environmental health heightens, naturally derived cellulose ethers have gained prominence as replacements for conventional chemicals in construction. These ethers serve multiple roles as thickeners, binders, film formers, and more in various construction applications, reflecting their versatility. Common variants like HPMC, MC, or HEC find extensive use in cement-based or gypsum-based structures, catering to a range of needs such as thickening, water retention, and improving overall quality.

India Cellulose Ether Market – By Sales Channel

Based on sales channel, the India Cellulose Ether Market is divided into Direct Sales, Distributor Sales, Online Retail, and Retail Stores segments.

India Cellulose Ether Market – By Region

Geographically, the India Cellulose Ether Market is divided into North India, South India, East India, and West India regions. The West India region holds the highest share in the India Cellulose Ether Market. This was predominantly driven by states like Gujarat and Maharashtra, which spearheaded the significant demand for Cellulose Ether. The sustained high consumption of Cellulose Ether across diverse industries in these regions underscores their continued importance in shaping market dynamics.

Competitive Landscape

Major players operating in India Cellulose Ether Market include Ashland India Pvt Ltd, Galaxy Chemicals, Reliance Cellulose Products Ltd, JRS Pharma, Ruchi Soya Industries Ltd, Química Del Sol, LOTTE Fine Chemicals, Lamberti SpA, Shubham Starch Chem (P) Ltd, S.K. Chemicals, Deepak Nitrite (Deepak Cellulose), Asha Cellulose (I) Pvt. Ltd, and Premier Pigments & Chemicals. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2030

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

By Value - Revenue in USD Million 

By Volume - Thousand Tons 

Market Coverage

India 

Product/ Service Segmentation

Product Type, Application, Sales Channel, Region

Key Players

Ashland India Pvt Ltd, Galaxy Chemicals, Reliance Cellulose Products Ltd, JRS Pharma, Ruchi Soya Industries Ltd, Química Del Sol, LOTTE Fine Chemicals, Lamberti SpA, Shubham Starch Chem (P) Ltd, S.K. Chemicals, Deepak Nitrite (Deepak Cellulose), Asha Cellulose (I) Pvt Ltd, Premier Pigments & Chemicals

 

By Product Type

  • Methyl Cellulose (MC)

  • Hydroxyethyl Cellulose (HEC)

  • Hydroxypropyl Methylcellulose (HPMC)

  • Carboxymethyl Cellulose (CMC)

  • Ethyl Cellulose

By Application

  • Construction

  • Pharmaceuticals

  • Personal Care & Home Care

  • Food & Beverages

  • Paints & Coatings

  • Oil & Gas

  • Textiles

By Sales Channel

  • Direct Sales

  • Distributor Sales

  • Online Retail

  • Retail Stores

By Region

  • North India

  • South India

  • East India

  • West India

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. India Cellulose Ether Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing End Use Industries
        2. Rising Disposable Income
      2. Restraints
        1. Limited Technological Advancement
        2. Fluctuations in Raw Material Prices
        3. Lack of Awareness
      3. Opportunities
        1. Increasing Demand from Emerging Applications
        2. Import Substitution
        3. Rising Environmental Concerns
      4. Challenges
        1. Competition from Low Cost Imports
        2. Stringent Regulations
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. India Cellulose Ether Market: Marketing Strategies
  5. India Cellulose Ether Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Forecast
      1. By Product Type
        1. Methyl Cellulose (MC)
        2. Hydroxyethyl Cellulose (HEC)
        3. Hydroxypropyl Methylcellulose (HPMC)
        4. Carboxymethyl Cellulose (CMC)
        5. Ethyl Cellulose
        6. Others
      2. By Application
        1. Construction
        2. Pharmaceuticals
        3. Personal Care & Home Care
        4. Food & Beverage
        5. Paints & Coatings
        6. Oil & Gas
        7. Textiles
        8. Others
      3. By Sales Channel
        1. Direct Sales
        2. Distributor Sales
        3. Online Retail
        4. Retail Stores
        5. Others
      4. By Region
        1. North India
        2. South India
        3. East India
        4. West India
  6. North India Cellulose Ether Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  7. South India Cellulose Ether Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  8. East India Cellulose Ether Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  9. West India Cellulose Ether Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Cellulose Ether Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Escalating Geopolitical Tensions on India Cellulose Ether Market
  12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Ashland India Pvt Ltd
    2. Galaxy Chemicals
    3. Reliance Cellulose Products Ltd
    4. JRS Pharma
    5. Ruchi Soya Industries Ltd
    6. Química Del Sol
    7. LOTTE Fine Chemicals
    8. Lamberti SpA
    9. Shubham Starch Chem (P) Ltd
    10. S.K. Chemicals
    11. Deepak Nitrite (Deepak Cellulose)
    12. Asha Cellulose (I) Pvt Ltd
    13. Premier Pigments & Chemicals
    14. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

 

Figure 1       India Cellulose Ether Segmentation

Figure 2       India Cellulose Ether Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Figure 5       India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Figure 6       India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Figure 7       India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Figure 8       India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Figure 9       India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Figure 10     India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Figure 11     India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

Figure 12     India Cellulose Ether Market Share, By Region, By Value, 2019–2030

Figure 13     India Cellulose Ether Market Share, By Region, By Volume, 2019–2030

Figure 14     North India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Figure 15     North India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Figure 16     North India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Figure 17     North India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Figure 18     North India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Figure 19     North India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Figure 20     North India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Figure 21     North India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

Figure 22     South India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Figure 23     South India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Figure 24     South India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Figure 25     South India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Figure 26     South India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Figure 27     South India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Figure 28     South India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Figure 29     South India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

Figure 30     East India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Figure 31     East India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Figure 32     East India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Figure 33     East India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Figure 34     East India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Figure 35     East India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Figure 36     East India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Figure 37     East India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

Figure 38     West India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Figure 39     West India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Figure 40     West India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Figure 41     West India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Figure 42     West India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Figure 43     West India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Figure 44     West India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Figure 45     West India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

 

List of Tables

 

Table 1        India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Table 2        India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Table 3        India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Table 4        India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Table 5        India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Table 6        India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Table 7        India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Table 8        India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

Table 9        India Cellulose Ether Market Share, By Region, By Value, 2019–2030

Table 10      India Cellulose Ether Market Share, By Region, By Volume, 2019–2030

Table 11      North India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Table 12      North India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Table 13      North India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Table 14      North India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Table 15      North India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Table 16      North India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Table 17      North India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Table 18      North India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

Table 19      South India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Table 20      South India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Table 21      South India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Table 22      South India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Table 23      South India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Table 24      South India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Table 25      South India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Table 26      South India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

Table 27      East India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Table 28      East India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Table 29      East India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Table 30      East India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Table 31      East India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Table 32      East India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Table 33      East India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Table 34      East India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

Table 35      West India Cellulose Ether Market Size, By Value (USD Million), 2019–2030

Table 36      West India Cellulose Ether Market Size, By Volume (Thousand Tons), 2019–2030

Table 37      West India Cellulose Ether Market Share, By Product Type, By Value, 2019–2030

Table 38      West India Cellulose Ether Market Share, By Product Type, By Volume, 2019–2030

Table 39      West India Cellulose Ether Market Share, By Application, By Value, 2019–2030

Table 40      West India Cellulose Ether Market Share, By Application, By Volume, 2019–2030

Table 41      West India Cellulose Ether Market Share, By Sales Channel, By Value, 2019–2030

Table 42      West India Cellulose Ether Market Share, By Sales Channel, By Volume, 2019–2030

Table 43      Ashland India Pvt Ltd Company Overview

Table 44      Ashland India Pvt Ltd Company Overview

Table 45      Galaxy Chemicals Company Overview

Table 46      Galaxy Chemicals Company Overview

Table 47      Reliance Cellulose Products Ltd Company Overview

Table 48      Reliance Cellulose Products Ltd Company Overview

Table 49      JRS Pharma Company Overview

Table 50      JRS Pharma Company Overview

Table 51      Ruchi Soya Industries Ltd Company Overview

Table 52      Ruchi Soya Industries Ltd Company Overview

Table 53      Química Del Sol Company Overview

Table 54      Química Del Sol Company Overview

Table 55      LOTTE Fine Chemicals Company Overview

Table 56      LOTTE Fine Chemicals Company Overview

Table 57      Lamberti SpA Company Overview

Table 58      Lamberti SpA Company Overview

Table 59      Shubham Starch Chem (P) Ltd Company Overview

Table 60      Shubham Starch Chem (P) Ltd Company Overview

Table 61      S.K. Chemicals Company Overview

Table 62      S.K. Chemicals Company Overview

Table 63      Deepak Nitrite (Deepak Cellulose) Company Overview

Table 64      Deepak Nitrite (Deepak Cellulose) Company Overview

Table 65      Asha Cellulose (I) Pvt Ltd Company Overview

Table 66      Asha Cellulose (I) Pvt Ltd Company Overview

Table 67      Premier Pigments & Chemicals Company Overview

Table 68      Premier Pigments & Chemicals Company Overview

Table 69      Other Prominent Players Company Overview

Table 70      Other Prominent Players Company Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: India Cellulose Ether Market size by value was estimated at USD 783.11 million in 2023.
Ans: India Cellulose Ether Market by value is expected to grow at a CAGR of 7.28% during the forecast period between 2024 and 2030.
Ans: India Cellulose Ether Market size is forecast to reach a value of USD 1,028.42 million by 2030.
Ans: The growth of the India Cellulose Ether Market is primarily driven by the growing end use industries and rising disposable income.
Ans: India Cellulose Ether Market size by volume was estimated at 26.12 thousand tons in 2023.
Ans: By Volume, the India Cellulose Ether Market size is expected to grow at a CAGR of 6.17% during the forecast period between 2024 and 2030.
Ans: India Cellulose Ether Market size by volume is forecast to reach 34.27 thousand tons by 2030.
Ans: Key players in India Cellulose Ether Market include Ashland India Pvt. Ltd, Galaxy Chemicals, Reliance Cellulose Products Ltd, JRS Pharma, Ruchi Soya Industries Ltd, Química Del Sol, LOTTE Fine Chemicals, Lamberti S.p.A, Shubham Starch Chem (P) Ltd, S.K. Chemicals, Deepak Nitrite (Deepak Cellulose), Asha Cellulose (I) Pvt. Ltd, and Premier Pigments & Chemicals.
Ans: The carboxymethyl cellulose (CMC) segment holds a major share in the India Cellulose Ether Market by product type.
Ans: The construction segment is expected to grow at the highest CAGR in the India Cellulose Ether Market during the forecast period between 2024 and 2030.
Ans: The West India region is expected to grow at the fastest CAGR in the India Cellulose Ether Market during the forecast period between 2024 and 2030.
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