Carboxymethylcellulose Sodium Market Size, Growth Analysis to 2022 | Major Companies : Akzo Nobel N.V., Ashland Inc., SINOCMC Co., Ltd., Lamberti S.p.A.

Carboxymethylcellulose Sodium Market Overview:

Carboxymethylcellulose (CMC), also known as cellulose gum, is produced by chemical synthesis of cellulose of natural origin with chloroacetic acid. The multifunctional aspects of this product make it favourable for its use as an intermediate or key ingredient in several applications. The cellulose gum improves the aesthetics of the finished product by providing a smooth texture and varying the viscosity of various foods, personal care products and pharmaceutical formulations.

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Carboxymethylcellulose Sodium Market Driver and Restraints:
It is estimated that the recovery of the pharmaceutical sector due to increased sales of specialized drugs should, in the coming years, stimulate the needs of natural stabilizers such as the CMC. It is expected that the development of the pharmaceutical industry in the United States due to the increase in consumer spending on medicines will boost market growth in the coming years. In terms of volume, the demand for cosmetics and pharmaceutical products is expected to grow at a compound annual growth rate of 4.5% during the forecast period. Paper and pulp are another important areas of application for the CMC sector in the United States. It is estimated that the strong per capita paper consumption associated with the growth of paper recycling and reuse activities will drive the growth of the cellulose gum market in the coming years. Food and beverages is another important driver of growth in the market. It is estimated that the consumption of baked goods, snacks and beverages such as soy milk and fruit juices increases CMC consumption by the end of 2022. The oil and gas sector was the third largest application of CMC in the USA in 2016. Technological developments in the non-conventional oil and gas sector, mainly hydraulic fracturing and improved oil recovery, led to an increase in shale gas exploration activities that support the CMC consumption during the forecast period.

Carboxymethylcellulose Sodium Market Geographical Insights:

The Asia Pacific is expected to be the largest consumer of carboxymethylcellulose, followed by North America and Europe. India and China are expected to be the main consumers of sodium carboxymethylcellulose in Asia-Pacific. In the Asia-Pacific region, end-users, such as personal care products, food and beverages and paper-based processes, have a high demand for sodium carboxymethylcellulose. Vietnam, Malaysia, Singapore and the Republic of Korea are expected to be other important consumers of carboxymethylcellulose in Asia-Pacific. The United States is the largest consumer of Carboxymethylcellulose in North America. Latin America is also expected to experience a moderate to high growth rate due to growing consumption in emerging economies. Brazil and Argentina are expected to be the main consumers of sodium carboxymethylcellulose in Latin America.

Akzo Nobel N.V., Ashland Inc., SINOCMC Co., Ltd., Lamberti S.p.A, and Dow Chemical Company are the major players of the market.

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