Carboxymethyl Cellulose Market Update, Analysis, Forecast, 2016 – 2024

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.
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To browse this report titled, “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” please click on the link below:
https://www.gminsights.com/industry-analysis/carboxymethyl-cellulose-cmc-market
CMC having purity (active ingredient) above 95% held the highest share exceeding 40% in
2016 and will follow the similar trend by 2024. The growth will be ascribed to the high
demand for cellulose gum with purity more than 99.5% from food & beverage and
pharmaceuticals applications.
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. CMC has been grabbing attention in scientific and agriculture fields, for its
biodegradable features and high swelling capacity.
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Carboxymethyl cellulose 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.
Following Asia Pacific, Europe was the second-largest region for carboxymethyl cellulose 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 CMC industry have been: Ashland, Nippon Paper
Industries, USK Kimya A.S., Daicel Corporation, Patel Industries, Qingdao Tianya Chemical
Co. Ltd., etc.
© 2018 Global Market Insights Inc. All Rights Reserved www.gminsights.com

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© 2018 Global Market Insights Inc. All Rights Reserved www.gminsights.com