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Carboxymethyl Cellulose Market to grow at 4.0% CAGR over 2017-2024

Global Market Insights
Posted on: 24 Apr 18
Carboxymethyl Cellulose Market to grow at 4.0% CAGR over 2017-2024 Some of the major industry players in CMC Market include Akzo Nobel B.V., J.M. Huber Corporation, Triveni Chemicals, Ashland, Lamberti S.P.A, Dai-Ichi Kogyo Seiyaku Co. Ltd. etc. Manufacturers' strategic initiatives involved significant capacity expansions to meet the expanding carboxymethyl cellulose market demand in the last decade.

PR Newswire

SELBYVILLE, Del., April 24, 2018

SELBYVILLE, Del., April 24, 2018 /PRNewswire-iReach/ -- Carboxymethyl cellulose market demand in pharmaceuticals segment are expected to observe growth close to 4% CAGR by 2024. The product has been observing acceptance in this sector as an inert non-pharmacologically active ingredient on account of its ability to provide improved drug dissolution and disintegration characteristics. The product is also used as a granulation aid & binder in tablet coatings, and as a stabilizer & thickener in ointments, lotions, etc.

Carboxymethyl Cellulose Market Size will surpass USD 1.7 billion by 2024. Cellulose gum market growth will be driven by the escalating demand trends from the food & beverage segment. The product will have robust demand in the processed food formulations for various roles as: adhesion agent, thickening agent and stabilizer, emulsifier, bulking agent, firming agent, gelling & glazing agent, humectant, etc. WHO estimated that 39% of people aged 18 and above were overweight in 2016 and 13% were obese. In the same year, about 41 million children under the age of 5 were identified to be overweight or obese. Rising desire for food products with natural ingredients along with the increasing obesity levels have been boosting fat replacers demand in the recent years, which in turn propel CMC market size by 2024.

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Rising demand for crude oil and natural gas has been encouraging exploration companies to engage in extensive drilling activities. Carboxymethyl cellulose used in drilling mud balances various physical parameters such as adjustment of viscosities, reduction of loss of water and increase of thixotropy. Cellulose gum market will feature robust demand from oil & gas applications over the forecast timeframe.

Increasing threat for product from various internal and external substitutes in different applications might pose as a restraining factor for the carboxymethyl cellulose market by 2024. Hydroxypropyl cellulose, carrageenan, xanthum, pectin, microcrystalline cellulose, guar gum, ethyl cellulose could be preferred as an alternative to the product by the product end-users by 2024.

CMC having purity (active ingredient) above 95% held the highest share exceeding 40% in 2016 and will follow the similar trend by 2024. The carboxymethyl cellulose market growth will be ascribed to the high demand for cellulose gum with purity more than 99.5% from food & beverage and pharmaceuticals applications.

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Personal care segment is expected to have growth exceeding CAGR 3% in the overall CMC market by 2024. Product utility in this segment has been in the: skin care products including: cosmetics, sunscreens, body lotions, etc.; hair care products such as: shampoos, gels, hair conditioners, etc.; oral care products including:  denture adhesives, toothpastes, etc. Another trend in personal care sector has been the cellulose gum based superabsorbent polymers (SAP) for their usage in diapers and other fluid-absorbing products in the recent years. Carboxymethyl cellulose market has been grabbing attention in scientific and agriculture fields, for its biodegradable features and high swelling capacity.

Following Asia Pacific, Europe was the second-largest region for carboxymethyl cellulose market in 2016. Product demand for was led by personal care and food & beverages industries. Product demand was dominated by countries such as Germany, France and the U.K. due to high demand from personal care and food and beverages industries.

Key industry players in the fragmented carboxymethyl cellulose market have been: Ashland, Nippon Paper Industries, USK Kimya A.S., Daicel Corporation, Patel Industries, Qingdao Tianya Chemical Co. Ltd., etc.

Browse key industry insights spread across 298 pages with 302 market data tables & 25 figures & charts from the report, "Carboxymethyl Cellulose (CMC) Market Size By Purity (Above 95%, 80%-95%, Below 80%), By End-user (Food & Beverage, Pharmaceuticals, Personal Care, Oil & Gas, Pulp & Paper, Detergents & Laundry), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Sweden, Italy, Finland, Netherlands, China, India, Japan, Australia, Thailand, Indonesia, Malaysia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia , UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" in detail along with the table of contents:

https://www.gminsights.com/toc/detail/carboxymethyl-cellulose-cmc-market

Browse Related Reports:

Microcrystalline Cellulose (MCC) Market Growth, 2017 – 2024

Global Microcrystalline Cellulose Market size was estimated over USD 750 million in 2016 and will exhibit growth of over 5.5% up to 2024. Strong rise in the global overweight and obese population has been a major influencing factor, likely to make significant contribution to microcrystalline cellulose market size over the projected time span.

 https://www.gminsights.com/industry-analysis/microcystalline-cellulose-mcc-market

Cellulose Gum Market Growth Report, 2017 – 2024

Global Cellulose Gum Market size is expected to witness a high growth during the forecast period owing to a wide spectrum of applications in food industry, textiles, oil drilling, paper industry and many more. It is an economical thickener used in several products such as dairy products, breads, etc. It is also used as a stabilizer and helps prevent crystallization.  

https://www.gminsights.com/industry-analysis/cellulose-gum-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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SOURCE Global Market Insights

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Last updated on: 24/04/2018

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