Global Carboxymethyl Cellulose Market 2024 - Analysis and Forecasts by Leading Players Akzo Nobel B.V., J.M. Huber Corporation, Triveni Chemicals, Ashland, Lamberti S.P.A, Dai-Ichi Kogyo Seiyaku Co. Ltd.

According to a new research report by Global Market Insights, Inc. Carboxymethyl Cellulose Market will surpass USD 1.7 billion by 2024. In an era where adoption of biodegradable, sustainable, and renewable polymers is being consistently propagated, carboxymethyl cellulose (CMC) market stands as a chief beneficiary, as the material is obtained from natural wood cellulose.

Given the fact that CMC possesses exceptional water retention, absorption, and thickening properties, it is being increasingly preferred across the aforementioned end use segments. Subject to these excellent material properties, various regulatory agencies across the globe have been approving the utilization of CMC as a stabilizer in food and beverages sector. This trend has, in turn, boosted the growth prospects of the overall carboxymethyl cellulose (CMC) industry in the recent times.

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Citing an instance to validate the efficacy of the aforementioned statements, the Food Safety and Standards Authority of India (FSSAI) issued a detailed notification in 2014 that proposed to allow CMC to be used as a stabilizer in Ready to Serve beverages. Apparently, the national regulator further mandated that every package of these beverages would be required to cite the quantity of CMC that is being used with other ingredients.

Moreover, given that the polymer has found wide-spread popularity as a viscosity modifier and thickener, it is also being increasingly utilized to stabilize emulsions in ice-cream and gluten free products. Industry experts claim that such regulatory overview would certainly leave a significant influence on the overall carboxymethyl cellulose (CMC) market in the forthcoming years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Akzo Nobel N.V.
2. J.M. Huber Corporation
3. Ashland
4. The Dow Chemical Company
5. Nippon Paper Industries
6. USK Kimya A.S.
7. Daicel Corporation
8. Lamberti S.P.A.
9. Chongqing Qiaofeng Industrial (Group) Co. Ltd.
10. DKS Co. Ltd.
11. Patel Industries
12. Triveni Chemicals
13. QINGDAO SINOCMC CHEMICAL CO., LTD.
14. Qingdao Tianya Chemical Co Ltd

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Elaborating further, it would be prudent to mention that carboxymethyl cellulose (CMC) market has been witnessing commendable traction, as the polymer is biodegradable and can be incinerated after use which makes it an environment friendly material. Apparently, this has led to CMC garnering immense popularity, of late, across a vast expanse of business verticals including pharmaceuticals, detergents & laundry, food & beverage, pulp & paper, oil & gas, and personal care. Out of all these segments, food & beverage sector has been contributing vigorously toward carboxymethyl cellulose (CMC) industry size expansion. In fact, as per reliable estimates, food & beverage segment led the overall end use domain of this business sphere in the year 2016.

Considering the diverse usability of CMC as an emulsifying and thickening agent, the material is being increasingly used in processed meat, bakery products, white wine, condiments, frozen desserts, diet foods, dairy products, soups & sauces, and salad dressings, etc. Moreover, the rising demand for food products prepared with natural ingredients has emerged as one of the pivotal factors to impel the carboxymethyl cellulose (CMC) market. Apparently, driven by the robust requirement for these materials in the processed food formulations, the food & beverage segment of carboxymethyl cellulose (CMC) industry is forecast to register a commendable CAGR of about 4% over 2017-2024, as per authentic estimates.

- Carboxymethyl Cellulose (CMC) Market By End-user

• Food & beverage
• Pharmaceuticals
• Personal care
• Oil & gas
• Pulp & paper
• Detergents & laundry
• Others

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The latest trend emerging in the carboxymethyl cellulose (CMC) market is of prominent manufacturers including Ashland, Dai-Ichi Kogyo Seiyaku Co. Ltd, Lamberti S.P.A., J.M. Huber Corporation, Akzo Nobel B.V., and Triveni Chemicals focusing on expanding their production capabilities. The industry further anticipates strategic collaborations, mergers and acquisitions that would undeniably enhance its profitability and expand the consumer base.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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