Global Consumption of Carboxymethyl Cellulose is Projected to Reach 1.3 Billion Pounds (Lbs) by the Year 2024

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 1.3 billion pounds (lbs) by the year 2024, 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), a modified cellulose ether manufactured by the reaction of alkali cellulose with monochloroacetic acid, is a semi-synthetic water-soluble polymer widely utilized in diverse industrial applications. Commonly referred to as Cellulose Gum, CMC is non-toxic in nature, is not allergic to humans and has high viscosity. Leveraging its unique technical and functional attributes, CMC can play versatile role in thickening, softening, stabilizing, suspension, bonding and film forming applications. While food & beverages (F&B) constitutes the core end-use sector, consumption of CMC also remains high in personal care products, pharmaceuticals/drugs, cosmetics, paper processing, paints, coatings, detergents and oilfield drilling sectors. Other key end-use domains include textiles, ceramics, glues & adhesives, tobacco, and construction. Demand for CMC grew robustly during the past two decades in line with massive expansion in industrial manufacturing across the world. Robust increase in demand was supplemented by substantial expansion in CMC production volumes.

Global Market for CMC is poised to register positive growth in the coming years. Factors such as stable economic scenario, positive GDP forecasts and favorable socio-demographic trends including growing population, rising disposable incomes and changing lifestyle patterns are expected to positively influence the global CMC market. Favorable economic scenario and demographics would drive demand for manufactured and processed goods, thus improving the market prospects for CMC. Rising emphasis on top-class industrial ingredients and additives that enhance the process implementation and quality of the end-product would be instrumental in future growth of the market. Ongoing expansion in the F&B sector, gauged through soaring demand for recreational beverages and processed foods, especially the low-fat, ready-to-eat (RTE), gluten-free and frozen foods, would steer market momentum. CMC holds the Generally Recognized as Safe (GRAS) food additive certification of the US FDA to be the cellulose ether of choice in F&B applications.

Competitive pressure from substitutes such as Polyanionic Cellulose (PAC) and organic substitutes such as guar gum is expected to affect CMC demand in the immediate future, especially in the F&B and drugs & cosmetics sectors. 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. The region also represents the fastest growing market with an estimated compounded annual growth rate of 4.8% 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 in the market include Akzo Nobel N.V., Anqiu Eagle Cellulose Co. Ltd., Ashland Inc., CP Kelco, Daicel Corporation, DKS Co. Ltd., DowDuPont Inc., LOTTE Fine Chemical, Lamberti S.p.A., Nippon Paper Industries Co. Ltd., Quimica Amtex S.A De C.V, Shanghai ShenGuang Edible Chemicals Co. Ltd., 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 consumption volume 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. The report analyzes CMC market by End-Use Segment – Food & Beverages, Oilfield Drilling Fluids, Drugs & Cosmetics, Paper Processing Aids, Detergents, Paints & Coatings, and Others.  The report also provides dollar estimates and projections for all the major geographic markets, including the US, Canada, Europe, Asia-Pacific, Latin America, and Rest of World. End-Use Segments covered in value analysis are Food & Beverages, Drugs & Cosmetics and Others.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com

To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.