Intense Competition in the Asia-Pacific Carboxymethyl Cellulose Market
Carboxymethyl cellulose (CMC) is an anionic, water-soluble cellulose derivative. It is widely used across various end-use industries, such as food & beverages, pharmaceutical, paint, paper processing, cosmetics and personal care, agriculture, and oil and gas, among others. CMC is physiologically inert, tasteless, odorless, and chemically stable substance which is safe for both the health and environment. The other properties of CMC include hypoallergenic, non-toxic nature, and high viscosity. Carboxymethyl cellulose is extensively used as a viscosifier in oil drilling fluids industry. Thus, with increase in oil exploration, the demand for carboxymethyl is also increasing, driving the carboxymethyl cellulose market growth. Moreover, rapid growth of the pharmaceutical industry and the increasing demand for natural stabilizers from the pharmaceutical industry is also driving the carboxymethyl cellulose market growth. According to the India Brand Equity Foundation (IBEF), Indian pharmaceutical sector is expected to grow to US$ 100 billion by 2025. However, the major factor restraining the carboxymethyl cellulose market growth is the rise of alternatives in various applications, such as hydroxypropyl cellulose, methylcellulose, ethylcellulose, and guar gum, as they possess similar properties and can replace carboxymethyl cellulose in numerous applications. Read more @ https://www.coherentmarketinsights.com/market-insight/carboxymethyl-cellulose-market-4132
Carboxymethyl cellulose (CMC) is an anionic, water-soluble cellulose derivative. It is widely used across various end-use industries, such as food & beverages, pharmaceutical, paint, paper processing, cosmetics and personal care, agriculture, and oil and gas, among others. CMC is physiologically inert, tasteless, odorless, and chemically stable substance which is safe for both the health and environment. The other properties of CMC include hypoallergenic, non-toxic nature, and high viscosity. Carboxymethyl cellulose is extensively used as a viscosifier in oil drilling fluids industry. Thus, with increase in oil exploration, the demand for carboxymethyl is also increasing, driving the carboxymethyl cellulose market growth.
Moreover, rapid growth of the pharmaceutical industry and the increasing demand for natural stabilizers from the pharmaceutical industry is also driving the carboxymethyl cellulose market growth. According to the India Brand Equity Foundation (IBEF), Indian pharmaceutical sector is expected to grow to US$ 100 billion by 2025. However, the major factor restraining the carboxymethyl cellulose market growth is the rise of alternatives in various applications, such as hydroxypropyl cellulose, methylcellulose, ethylcellulose, and guar gum, as they possess similar properties and can replace carboxymethyl cellulose in numerous applications.
Read more @ https://www.coherentmarketinsights.com/market-insight/carboxymethyl-cellulose-market-4132
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CARBOXYMETHYL<br />
CELLULOSE<br />
MARKET<br />
<strong>Market</strong> Size (2019)<br />
US$ 1,039.8 MN<br />
CAGR (2020–2027)<br />
3.2%<br />
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Segmentation (Scope)<br />
Food &<br />
Beverage<br />
1<br />
6<br />
Personal<br />
Care<br />
Oil Drill<strong>in</strong>g<br />
Fluids<br />
2<br />
By End<br />
User<br />
5<br />
Pa<strong>in</strong>ts &<br />
Adhesives<br />
Paper<br />
Process<strong>in</strong>g<br />
3<br />
4<br />
O<strong>the</strong>rs<br />
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Major Drivers<br />
<br />
Grow<strong>in</strong>g demand for<br />
gluten-free and lowfat<br />
food content is<br />
expected to drive<br />
<strong>the</strong> market growth<br />
<br />
Increas<strong>in</strong>g<br />
demand for natural<br />
stabilizers from <strong>the</strong><br />
pharmaceutical<br />
<strong>in</strong>dustry<br />
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ASIA PACIFIC<br />
Major Driver<br />
<br />
The region is likely<br />
to witness <strong>the</strong> fastest<br />
market growth,<br />
ow<strong>in</strong>g to significant<br />
Consumption <strong>in</strong> oil<br />
& gas, Cosmetics,<br />
Pharmaceuticals,<br />
and Food & Beverage<br />
<strong>in</strong>dustries<br />
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Major Players<br />
Akzo Nobel N.V.<br />
Lamberti S.P.A<br />
Ashland Inc.<br />
Penn Carbose Inc.<br />
Cp Kelco<br />
Sichem Llc<br />
Daicel Corporation<br />
S<strong>in</strong>ocmc Co. Ltd.<br />
The Dow Chemical Company<br />
Yix<strong>in</strong>g Tongda Chemical Co. Ltd.<br />
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Global <strong>Carboxymethyl</strong> cellulose <strong>Market</strong> Share (%)<br />
<strong>in</strong> terms of Value, By End User, <strong>in</strong> 2019<br />
33%<br />
?<br />
?<br />
?<br />
?<br />
?<br />
Food and<br />
beverages<br />
Oil Drill<strong>in</strong>g<br />
Fluids<br />
Paper<br />
Process<strong>in</strong>g<br />
Personal<br />
Care<br />
Pa<strong>in</strong>ts and<br />
Adhesives<br />
O<strong>the</strong>rs<br />
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Global <strong>Carboxymethyl</strong><br />
cellulose <strong>Market</strong> – Opportunity Analysis<br />
The grow<strong>in</strong>g application<br />
of carboxymethyl cellulose<br />
from paper process<strong>in</strong>g<br />
<strong>in</strong>dustry<br />
Opportunity<br />
Analysis<br />
Increas<strong>in</strong>g iron ore and<br />
taconite m<strong>in</strong><strong>in</strong>g is expected<br />
to drive <strong>the</strong> market<br />
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