According to a Zion Market Research report, the global demand for Carboxymethyl Cellulose was valued at approximately USD 1,415.1 Million in 2021, and is expected to generate revenue of approximately USD 1,884.2 Million by the end of 2028, growing at a CAGR of approximately 4.8% between 2022 and 2028.
Carboxymethyl cellulose, sometimes known as cellulose gum, is a cellulose derivative. It has a carboxymethyl group in its chain. Carboxymethyl cellulose is an odourless, chemically stable, tasteless, and medically inert material. It is safe for the environment and human health. It has several properties, including non-toxicity, hypoallergenicity, and high viscosity. Caustic soda, mono chloroacetic acid, and plant-derived cellulose are among the basic ingredients used in the production of carboxymethyl cellulose. It is widely utilised as a stabiliser, dispersant, binder, and thickener in a variety of applications such as oil and gas, pharmaceutical and cosmetics, paper processing, detergents, food and drinks, and others.
Market Dynamics for Carboxymethyl Cellulose
The rise in the number of processed food industries, rising oil exploration activities, and rising pharmaceutical and cosmetics manufacturing are the primary factors fueling the carboxymethyl cellulose market. However, rigorous government regulations and the availability of eco-friendly alternatives to carboxymethyl cellulose are projected to stymie market expansion.
Market Segmentation for Carboxymethyl Cellulose
The worldwide carboxymethyl cellulose market may be divided into two parts: application and geography. Pharmaceuticals and cosmetics, paper, detergents, food and drinks, oil and gas, and others are the main application segments. The carboxymethyl cellulose market is further subdivided into textile processing, paints, mining, construction, adhesives, and ceramics. Because of increased demand for low-fat and ready-to-eat meals, the food and drinks category is likely to dominate the market. The global market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The Asia Pacific region is expected to dominate the worldwide carboxymethyl market. The Asia Pacific area is witnessing rapid growth in the food and beverage industries, which is helping to drive the growth of the carboxymethyl cellulose market. Furthermore, the expanding oil exploration in this region is increasing the demand for carboxymethyl cellulose. Europe is predicted to grow rapidly in the industry in the next years. Because of increased demand in the food and beverage segment, Latin America and the Middle East region are expected to develop in the market. In the near future, North America is expected to grow at a faster rate in the carboxymethyl cellulose market.
Competitive Players in the Carboxymethyl Cellulose Market
The prominent key players in the global carboxymethyl cellulose market include CP Kelco U.S., Inc., Química Amtex S.A. De C.V, Akzo Nobel N.V., Ugur Seluloz Kimya A.S, Shanghai ShenGuang Edible Chemicals Co. Ltd., and the Dow Chemical Company. The other key players in the market include DKS Co. Ltd., Daicel Corporation, Nippon Paper Industries Co. Ltd, Lamberti S.P.A, Dai-Ichi Kogyo Seiyaku Co. Ltd., Anqiu Eagle Cellulose Co., Ltd., Samsung Fine Chemicals Co. Ltd., and Ashland Inc.
Carboxymethyl Cellulose Market: Regional Segment Analysis
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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