Statistics of Carboxymethyl Cellulose Market covering market size, industry share numbers, regional outlook, competitive landscape with data about leading companies is now available in the latest report by Global Market Insights, Inc.
CMC Market analysis research and trends report for 2016- 2024: Global Market Insights, Inc. According to a new research report by Global Market Insights, Inc. Carboxymethyl Cellulose Market Size will surpass USD 1.7 billion by 2024. Carboxymethyl cellulose (cellulose gum) industry 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. 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. © 2018 Global Market Insights Inc. All Rights Reserved www.gminsights.com