The carboxymethyl cellulose market is expected to grow with a growth rate of 4.4% CAGR for the forecast period 2021 to 2026.
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.
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 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 thickener or stabilizer. 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 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 hydroxypropylcellulose, 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
2020 – 2025
2021 - 2026
By Product, Type, Consumption, Distribution Channel and Region
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, Europe, APAC, Latin America, Middle East & Africa
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
Asia-Pacific dominates the carboxymethylcellulose market due to the larger and faster growing regional market. Due to the changing lifestyle and increased consumption of processed and low fat foods, market demand in the region is also boosted.
Industrial growth of pharmaceutical and cosmetics sectors in Japan, China, India and South Korea due to growing domestic demand coupled with low manufacturing costs compared to countries in North America and Europe is expected to boost pulp market growth above the forecast period.
Growing demand for personal care products in emerging economies due to rising consumer disposable income and changing lifestyles, especially in India, China, Malaysia and Indonesia, is expected to drive the industry growth by the end of 2026.
Central America and South America are expected to experience growth in emerging markets in the coming years.Favorable regulatory support in Brazil and Argentina to increase the productivity of the pharmaceutical and food and beverage sectors at the national level is another important driver of the industry.
Europe was the second largest industrial region in the world. Growing personal care products market in key countries including Germany, Italy, France and UK is expected to positively impact the industry during the forecast period. The increased use of CMC in natural and synthetic personal care products is likely to have a positive effect on the growth of your market over the next few years.
Germany was one of the largest manufacturers of dairy, bakery and confectionery products in Europe. In addition, the growing popularity of alcohol-free beers, savory snacks and sugar-free sweets is expected to stimulate the growth of the food industry in Germany.
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.
The leading players of the global CMC market include,
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.5 Y-o-Y Growth Analysis, By Application
5.1.6 Market Attractiveness Analysis, By Application
5.1.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Application
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Application
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Akzo Nobel N.V.
8.1.2 Application Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
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. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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