Carboxymethyl cellulose (CMC) refers to a cellulose derivative with multiple carboxymethyl groups attached to the polysaccharide backbone. CMC primarily finds applications as a thickening agent, binder, suspension agent, and stabilizer in products like cosmetics, detergents, pharmaceuticals, food & beverages and others. CMC is commonly used in personal care products like shampoos, lotions, creams and makeup due to its viscosity enhancing properties. It helps maintain the stability and smooth texture of suchproducts.
The global carboxymethyl cellulose market is estimated to be valued at US$ 1201.83 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for natural and organic cosmetic products is driving the adoption of CMC as a replacement for synthetic thickeners. Consumers today prefer products with natural ingredients due to greater awareness about harmful chemicals. CMC being a cellulose derivative is widely accepted as a natural and sustainable alternative in personal care formulations. Moreover, CMC enhances the shelf life of cosmetic creams and lotions by maintaining a smooth and stabilized texture. Its thickening and stabilizing properties help personal care brands to cater to the evolving preferences of customers.
Segment Analysis
The global carboxymethyl cellulose market is segmented into powder, microcrystalline cellulose, and others. The powder segment is dominating the market and is expected to remain dominant during the forecast period. This is mainly because powder form of carboxymethyl cellulose is widely used in various end-use industries like food & beverages, oil & gas, pharmaceuticals, personal care etc. due to its diverse functional properties.
Key Takeaways
The global carboxymethyl cellulose market scope is expected to witness high growth during the forecast period of 2023 to 2030. The market size for 2023 is US$ 1201.83 Mn. Regional analysis
Asia Pacific region is expected to be the fastest growing as well as dominating region in the carboxymethyl cellulose market. This is attributed to growing food processing and personal care industries in countries like China, India etc.
Key players
Key players operating in the carboxymethyl cellulose market are Accenture, Deloitte Consulting LLP, PricewaterhouseCoopers (PwC), Ernst & Young (EY), KPMG, McKinsey & Company, Bain & Company, Boston Consulting Group (BCG), T. Kearney, Oliver Wyman, Alvarez & Marsal, GEP, Protiviti, Ayming, Expense Reduction Analysts.
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The global Carboxymethyl Cellulose Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the carboxymethyl cellulose market include Akzo Nobel N.V., Ashland, Inc., CP Kelco, Daicel FineChem Ltd., Dai-ichi Kogyo Seiyaku Co., Ltd., Lamberti S.p.A., Nippon Paper Industries Co., Ltd., Química Amtex S.A. De C.V, Shanghai Shenguang Edible Chemicals Co., Ltd., SINOCMC Co., Ltd., The Dow Chemical Company, UGUR Seluloz Kimya A.S..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Carboxymethyl Cellulose Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/carboxymethyl-cellulose-market/download-sampleMarket DynamicsThe growth of the key application sectors of this multifunctional cellulose derivative is the primary stimulant anticipated to push the growth of this market in the coming years.
Robust per capita consumption of paper and increased adoption of paper recycling and reuse will be a market booster.
The vital barriers to the development of this market are CMC's adverse effects on humans' inflammation and the availability of substitutes.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
Carboxymethyl cellulose market is extracted from wood pulp cellulose and pure cotton cellulose which is Recognised as tylose powder or cellulose gum and are widely used in numerous applications such as food and beverages, paint, cosmetic and personal care, pharmaceuticals and household care industries.Increasing growth in the cosmetics and pharmaceuticals production, processed food industry, and growing oil and drilling activities are major growth factor for the market.
Increasing disposable income in developing economies such as India, China, Mexico, Africa and South America has led to an increased consumption of processed food.
Increasing consumer preference towards gluten-free and low fats products due to health awareness is also increasing the demand for the market.
Carboxymethyl cellulose is also used in coated tablets, due to its high viscosity and purity of the product.The carboxymethyl cellulose market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions and technological innovations in the market.Carboxymethyl cellulose market is estimated to grow at a growth rate of 4.4% by the forecast period of 2020 to 2027.
Increased adoption of carboxymethyl cellulose in food and beverages such as baked foods, milk, ice-creams as a thickening agent or stabilizer is driving the growth of the market.
Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-carboxymethyl-cellulose-marketMarket Drivers and Restraints:On the basis of application, the carboxymethyl cellulose market is segmented into food and beverages, oil and gas, paper processing, pharmaceuticals, agriculture, cosmetics and personal care, paints and coatings, detergents and others.On the basis of purity level, the carboxymethyl cellulose market is segmented into highly purified, technical grade and industrial grade.Based on property, the carboxymethyl cellulose market is segmented into thickening agent, stabilizer binder, anti-repository agent, lubricator, emulsifier and excipient.The major players covered in the Carboxymethyl Cellulose Market Akzo Nobel N.V., CP Kelco Inc., (A Subsidiary Of J.M.
