Carboxymethyl Cellulose Market (By Application: Cosmetics & pharmaceuticals, Food & beverages, Oil & gas, Paper & board, Paints & adhesives, Detergents, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The carboxymethyl cellulose market is expected to grow at a CAGR of around 5.5% from 2020 to 2027 and expected to reach the market value of around US$ 2,318.5 Mn by 2027.

Carboxymethyl Cellulose (CMC) or cellulose gum is water-soluble major cellulose ether produced by the partial substitution of the cellulose hydroxyl groups with ionic hydrophilic moieties. It’s in the form of sodium salt used as a thickening, emulsifying, and stabilizing agent and as a bulk laxative in medicine.

Market Dynamics

The growing demand for processed food, pharmaceutical, and cosmetics along with the increasing disposable income in emerging economies is driving the market value. The benefits to enhance the aesthetics of the finished product by imparting smooth texture and modifying the viscosity of various personal care products, foods, and pharmaceutical products are supporting the market value. The increasing sales of specialty drugs across the globe and rising number of oil drilling activities are further accelerating the market value. Furthermore, increasing the use of CMC in the flotation process in mining and rapid industrialization in emerging economies is projected to create potential demand during the forecast timeframe from 2020 to 2027.

On the other hand, the emergence of substitutes in various applications sectors is projected to hamper the growth over the forecast period.

Food & beverages segment registered dominating share in the Carboxymethyl Cellulose Market

The food & beverage segment by application is leading the CMC market with maximum share in 2019. The increasing population and changing lifestyle of consumers are driving the demand for processed food across the globe where CMC is used. The Carboxymethyl Cellulose market is gaining pace on account of high usage as the binder, thickener, bulking, and suspension agent in several bakery products across the food sector. The growing health awareness coupled with the increasing demand for energy drinks is further propelling the market growth.

The market research study on “Carboxymethyl Cellulose Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Carboxymethyl Cellulose market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Carboxymethyl Cellulose market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Carboxymethyl Cellulose market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The Carboxymethyl Cellulose market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

Asia Pacific accounted for the major share in the global market

In 2019, Asia Pacific registered maximum share (%) in terms of volume, and the region is also projected to maintain its dominance over the forecast timeframe. The high demand from oil & gas, pharmaceuticals, cosmetics, and food & beverage sector in the regional market is driving the market value. The major economies of the region including Japan, China, and India are majorly contributing to the regional market growth. The ongoing industrialization and increasing focus of major manufacturers in the available opportunities in the regional market are additionally bolstering the market value. Moreover, the region is further projected to experience the fastest growth with major CAGR (%) during the forecast timeframe from 2020 to 2027.

The players profiled in the report include Akzo Nobel N.V., Ashland Inc., CP Kelco U.S., Inc., (A Subsidiary Of J.M. Huber Corporation Company), Daicel Corporation, DKS Co. Ltd., Lamberti S.P.A, Nippon Paper Industries Co. Ltd, Química Amtex S.A. De C.V, The Dow Chemical Company, Ugur Seluloz Kimya A.S, and others

Market Segmentation

Market By Application

• Cosmetics & pharmaceuticals
• Food & beverages
• Oil & gas
• Paper & board
• Paints & adhesives
• Detergents
• Others

Market By Geography

North America

• U.S
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa