The carboxymethyl cellulose market is expected to grow with a growth rate of 4.4% CAGR for the forecast period 2022-2027
Carboxymethylcellulose (CMC) or cellulose gum is a derivative of cellulose with a carboxymethyl group in its chain. CMC is a physiologically inert, chemically stable, odorless, and tasteless substance that is harmless to health and the environment. Other properties of CMC include high viscosity, non-toxic and hypoallergenic nature. The main raw materials used in the manufacture of carboxymethylcellulose (CMC) include cellulose derived from plants, caustic soda, and monochloroacetic acid. CMC is widely used as a thickener, stabilizer, binder, and dispersant in a variety of applications such as food and beverage, pharmaceutical and cosmetic, detergent, oil and gas, paper processing, and others.
The increasing use of carboxymethylcellulose in alcoholic beverages such as wine and beer is one of the current market trends. The increasing consumption of alcohol due to the increasing westernization in the world is driving the demand for carboxymethylcellulose in these types of drinks. Increasing consumption of dairy and meat products where CMC is used as an emulsifying agent is expected to encourage the market growth during the forecast period.
The growth of the processed food industry, the increase in pharmaceutical and cosmetic production, and the increase in petroleum extraction business are the major growth factors of the CMC market. The increase in disposable income in emerging economies like China, India, Mexico, Africa and South America has resulted in an increase in the consumption of processed foods. CMC is widely used as a binder, thickener, bulking agent and suspending agent in various food and beverage applications.It promotes greater adoption of carboxymethylcellulose in foods and beverages such as baked goods, milk, ice cream as thickeners or stabilizers. Growing consumer awareness of healthy and nutritious food, along with growing demand for energy drinks and processed foods, is expected to drive demand for the product. The growth of the global food industry due to the increasing population and changing lifestyles of consumers is expected to drive demand. It helps thicken and stabilize foods and also replaces foods by increasing the fiber content of foods. Moreover, the increasing demand for low-fat and gluten-free frozen desserts is expected to drive the market growth again. CMC helps prevent ice cream and yogurt from melting and maintains the texture of desserts. The increase in the geriatric population stimulates the demand for health care, which in turn affects industrial growth. Hence, the increasing demand for natural stabilizers for manufacturing drugs is expected to increase the growth of the Carboxymethylcellulose market.
Threatens substitutes such as hydroxypropyl cellulose, guar gum, ethylcellulose, and methylcellulose, as they have similar properties and can replace carboxymethylcellulose in many applications. This factor is expected to hamper the growth of the Carboxymethylcellulose market. The decrease in the amount of raw material hinders the production of carboxymethylcellulose. This affects the supply and demand for the product. This factor is anticipated to hamper the growth of the market during the forecast period.
The increased mining of iron ore and taconite should provide potential opportunities for carboxymethylcellulose. It is widely used in mining flotation applications to separate impurities and metals. Basically, it is used as a modifier in the mineral flotation process. Moreover, it is also used in nickel ore because it is easily absorbed by mineral surfaces. Hence, increasing demand in all mining applications is expected to drive the growth of the Carboxymethylcellulose market. The increasing application of carboxymethylcellulose in the paper converting industry is expected to bring new market opportunities. The increasing demand for paper from various applications is stimulating the production of paper, which in turn increases the demand for carboxymethylcellulose from the paper converting industry.
The emergence of substitutes in various applications will act as a constraint and further challenge the growth of the Carboxymethylcellulose market during the forecast period mentioned above.
Market Size Available
2022 - 2027
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America: United States, Mexico, Canada
Europe: United Kingdom, Germany, Italy, France
Asia Pacific: Australia, Canada, China
Latin America: Argentina, Brazil, Chile
The Middle East and Africa: Egypt, Iran, Iraq, Israel
Market Leaders Profiled
Akzo Nobel N.V., CP Kelco U.S., Inc.,Ugur Seluloz Kimya A.S, Química Amtex S.A. De C.V, The Dow Chemical Company, DKS Co. Ltd., Nippon Paper Industries Co. Ltd, Daicel Corporation, Ashland Inc., Lamberti S.P.A
Food and beverage had the highest turnover in the global CMC market, accounting for a 33.7% market share in 2020. Cosmetics and pharmaceuticals, paper and board, oil and gas, paints and adhesives and detergents are other important application segments around the world market.
The Carboxymethyl Cellulose Market Report includes the segmentation of Regions:
Middle East & Africa
The Carboxymethyl cellulose market is expected to grow at a significant rate during the forecast period as the industry demand for personal care products increases dramatically. Due to the increased consumer awareness of cleanliness and protection against contagious diseases, the government of various nations is also launching a number of initiatives to maintain hygiene thus increasing the market demand for carboxymethylcellulose in a near future.
In January 2020, Nouryon agreed to acquire the carboxymethylcellulose (CMC) business from JM Huber. This acquisition adds production capabilities for a full range of CMC grades to Nouryon's carboxymethylcellulose product portfolio.
The leading players in the global CMC market include,
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Carboxymethyl Cellulose Market, By Application
6.1.1 Cosmetics & Pharmaceuticals
6.1.2 Food & Beverages
6.1.3 Oil & Gas
6.1.4 Paper & Board
6.1.6 Market Size Estimations & Forecasts (2022-2027)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Carboxymethyl Cellulose Market, by Region
7.2 North America - Market Analysis (2022 - 2027)
7.2.1 By Country
7.2.2 By Application
7.2.3 By A
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Application
7.3.3 By A
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Application
7.4.3 By A
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Application
7.5.3 By A
7.6 the Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Application
7.6.3 By A
8. Key Player Analysis
8.1 Akzo Nobel N.V.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 CP Kelco U.S., Inc.
8.3 Ugur Seluloz Kimya A.S
8.4 Química Amtex S.A. De C.V
8.5 The Dow Chemical Company
8.6 DKS Co. Ltd.
8.7 Nippon Paper Industries Co. Ltd
8.8 Daicel Corporation
8.9 Ashland Inc.
8.10 Lamberti S.P.A
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.