Global Consumption of Carboxymethyl Cellulose is Projected to Reach 1.2 Billion Pounds (lbs) by 2020

Stable End-Use Opportunities in Diverse Sectors to Drive the Global Carboxymethyl Cellulose (CMC) Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Carboxymethyl Cellulose (CMC) market. Global consumption of Carboxymethyl Cellulose is projected to reach 1.2 billion pounds (lbs) by the year 2020, driven by the increasing demand for CMC as a thickener and stabilizer in low-fat and frozen foods, personal care products, as well as in oil drilling applications.  
CarboxyMethyl cellulose (CMC), also known as cellulose gum, is a product widely used as a thickening, stabilizing, and suspending agent in a range of applications. Major end-user industries of carboxymethyl Cellulose (CMC) include food and beverages (F&B), oil drilling, paper processing, paints and adhesives, and personal care, among others. CMC, which is a Generally Recognized as Safe (GRAS) food additive, is most widely used in the Food & Beverage (F&B) industry.  The CMC market is driven by the increased use of processed foods, especially the low-fat, ready-to-eat foods, and gluten-free frozen desserts, where it is used as a thickener, stabilizer, film former, moisture regulator, and as a suspending agent. Demand and application of CMC in the F&B sector is expected to grow, backed by the ongoing trend of low-fat foods. CMC is among the key additives that replace the fat content of foods and drinks, through its food-thickening and stabilizing properties. Rising disposable incomes coupled with increasing women in the workforce across the developing countries would ensure greater opportunity for processed foods in these regions. This in turn, boosts the demand for CMC in these regions.
Use of CMC as an oil drilling fluid is boosted by favorable market conditions in the oil and gas field drilling segment, where it is used as a rheology controller and viscosifier. Increasing oil drilling activities and iron ore mining operations across the globe bode well for the CMC market. The market for CMC is also driven by its increasing demand as a formulation aid in pharmaceuticals, cosmetics, and consumer goods such as toothpaste. Another important application of CMC is in detergent formulations, where it inhibits grease re-deposition onto the fabric. Competitive pressure from substitutes, such as cellulose ethers, gums and starches, and organic substitutes such as guar gum is expected to affect CMC demand in the global food industry. Increased use of recycled paper is also expected to affect the CMC market for papermaking. In addition, government regulations regarding the use of CMC in various products are also expected to restrain the market growth.
As stated by the new market research report on Carboxymethyl Cellulose, Asia-Pacific represents the largest market worldwide with about 50% share of the global consumption in 2015. The region also represents the fastest growing market with an estimated compounded annual growth rate of 4.7% over the analysis period, aided by robust economic growth and strong production base in the region. Strong demand from China and India, and the booming food and beverage sector in the region constitute the other growth drivers.

Major players covered in the report include Akzo Nobel N.V., Anqiu Eagle Cellulose Co., Ltd., Ashland Inc., CP Kelco (Huber), Daicel Corporation, Dai-Ichi Kogyo Seiyaku Co. Ltd., Dow Pharma & Food Solutions, Lamberti S.p.A., Nippon Paper Industries Co., Ltd., Penn Carbose, Inc., Quimica Amtex S.A De C.V, Samsung Fine Chemicals Co. Ltd., Shanghai ShenGuang Edible Chemicals Co. Ltd., Sichem, Ugur Seluloz Kimya A.S., and Xuzhou Liyuan Chemical Industry Co. Ltd., among others.

The research report titled “Carboxymethyl Cellulose: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market trends, market issues, growth drivers, and strategic industry activity of global companies.  The report provides market estimates and projections for major geographic markets, including the US, Canada, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and Rest of World.


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