| Product Code: ETC318029 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The cellulose derivative import shipments to the Philippines in 2024 saw a notable increase in concentration compared to the previous year, with top exporters being China, South Korea, USA, Germany, and India. The industry experienced a high compound annual growth rate of 18.09% from 2020 to 2024, indicating a strong demand for cellulose derivatives in the Philippine market. The growth rate in 2024 alone was 13.14%, highlighting the continued expansion and competitiveness of the sector. This data suggests a promising outlook for the cellulose derivative market in the Philippines.

With a CAGR of approximately 5.3%, the Philippines` cellulose derivative market has witnessed substantial growth. These derivatives are widely used in industries such as pharmaceuticals, food, and cosmetics due to their properties as thickeners, stabilizers, and emulsifiers.
The cellulose derivative market in the Philippines is driven by its versatile applications in pharmaceuticals, food products, and personal care items. The ability of cellulose derivatives to modify texture and viscosity fuels their demand.
Challenges in the Cellulose Derivative market include optimizing production processes for consistent derivative quality. Addressing environmental concerns related to sourcing and manufacturing cellulose derivatives is a challenge. Market competition from synthetic alternatives and regulatory compliance also impact the industry.
The Philippines cellulose derivative market has been moderately impacted by the COVID-19 pandemic. The decrease in demand from industries such as pharmaceuticals, food, and personal care has affected the market. However, as consumer spending increases and industrial activities resume, the market is expected to recover gradually.
The key players in the Philippines Cellulose Derivative Market include DowDuPont Inc., Akzo Nobel N.V., and CP Kelco.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Cellulose Derivative Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Cellulose Derivative Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Cellulose Derivative Market - Industry Life Cycle |
3.4 Philippines Cellulose Derivative Market - Porter's Five Forces |
3.5 Philippines Cellulose Derivative Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Philippines Cellulose Derivative Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Philippines Cellulose Derivative Market Revenues & Volume Share, By Grades, 2021 & 2031F |
4 Philippines Cellulose Derivative Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and biodegradable products in the Philippines |
4.2.2 Growth in the pharmaceutical and food industries driving the demand for cellulose derivatives |
4.2.3 Rising awareness about sustainable practices and environmental concerns among consumers |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of cellulose derivatives |
4.3.2 Stringent regulations and compliance requirements in the Philippines |
4.3.3 Competition from alternative materials and substitutes |
5 Philippines Cellulose Derivative Market Trends |
6 Philippines Cellulose Derivative Market, By Types |
6.1 Philippines Cellulose Derivative Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Cellulose Derivative Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Philippines Cellulose Derivative Market Revenues & Volume, By Methyl Cellulose (MC), 2021-2031F |
6.1.4 Philippines Cellulose Derivative Market Revenues & Volume, By Hydroxypropyl Methylcellulose (HPMC), 2021-2031F |
6.1.5 Philippines Cellulose Derivative Market Revenues & Volume, By Ethyl Cellulose (EC), 2021-2031F |
6.1.6 Philippines Cellulose Derivative Market Revenues & Volume, By Hydroxymethyl Methylcellulose (HMC), 2021-2031F |
6.1.7 Philippines Cellulose Derivative Market Revenues & Volume, By Hydroxyethyl Cellulose (HEC), 2021-2031F |
6.1.8 Philippines Cellulose Derivative Market Revenues & Volume, By Carboxymethyl Cellulose (CMC), 2021-2031F |
6.2 Philippines Cellulose Derivative Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Cellulose Derivative Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 Philippines Cellulose Derivative Market Revenues & Volume, By Drilling Fluids, 2021-2031F |
6.2.4 Philippines Cellulose Derivative Market Revenues & Volume, By Wall coatings, 2021-2031F |
6.2.5 Philippines Cellulose Derivative Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Philippines Cellulose Derivative Market Revenues & Volume, By Foods & Beverages, 2021-2031F |
6.2.7 Philippines Cellulose Derivative Market Revenues & Volume, By Mining, 2021-2031F |
6.2.8 Philippines Cellulose Derivative Market Revenues & Volume, By Personal Care, 2021-2031F |
6.2.9 Philippines Cellulose Derivative Market Revenues & Volume, By Personal Care, 2021-2031F |
6.3 Philippines Cellulose Derivative Market, By Grades |
6.3.1 Overview and Analysis |
6.3.2 Philippines Cellulose Derivative Market Revenues & Volume, By Industrial grade, 2021-2031F |
6.3.3 Philippines Cellulose Derivative Market Revenues & Volume, By Food grade, 2021-2031F |
6.3.4 Philippines Cellulose Derivative Market Revenues & Volume, By Pharmaceutical grade, 2021-2031F |
7 Philippines Cellulose Derivative Market Import-Export Trade Statistics |
7.1 Philippines Cellulose Derivative Market Export to Major Countries |
7.2 Philippines Cellulose Derivative Market Imports from Major Countries |
8 Philippines Cellulose Derivative Market Key Performance Indicators |
8.1 Percentage of cellulose derivative products meeting sustainability certifications |
8.2 Number of partnerships with local industries to promote the use of cellulose derivatives |
8.3 Investment in research and development for new applications of cellulose derivatives |
8.4 Percentage increase in demand for cellulose derivatives in key sectors such as pharmaceuticals and food industry |
8.5 Adoption rate of cellulose derivatives in manufacturing processes across different industries |
9 Philippines Cellulose Derivative Market - Opportunity Assessment |
9.1 Philippines Cellulose Derivative Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Philippines Cellulose Derivative Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Philippines Cellulose Derivative Market Opportunity Assessment, By Grades, 2021 & 2031F |
10 Philippines Cellulose Derivative Market - Competitive Landscape |
10.1 Philippines Cellulose Derivative Market Revenue Share, By Companies, 2024 |
10.2 Philippines Cellulose Derivative Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |