Carboxymethyl Cellulose Market 2023: Top Key Players Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (US), Ashland (US), CP Kelco (US), Química Amtex, S.A. De C.V. (Mexico), DKS Co. Ltd. (Japan),

Global Carboxymethyl Cellulose Market: Information by application (food & beverage, oil & gas, paints & adhesives, paper processing, cosmetics & personal care, pharmaceuticals, detergents, and others), and Region till 2023
Carboxymethyl cellulose (CMC), also known as tylose powder or cellulose gum, is a derivative of cellulose with carboxymethyl groups attached to some of the hydroxyl groups of glucopyranose monomers. The product is generally used as its sodium salt.

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CMC is widely used in a variety of applications such as food & beverage, paper processing, and cosmetics and personal care. The food & beverage industry is a major consumer of CMC, which is used as a viscosity modifier, thickener, and emulsifier, and in fat-free food products. CMC is also a major constituent of non-consumable food items such as toothpaste, diet pills, and laxatives. Additionally, water-based paints, reusableheat packs, detergents, and paper processing all require large amounts of CMC.

The global carboxymethyl cellulose market is expected to grow at a substantially high rate on account of the increasing demand from major end-use industries such as food & beverage, paper and pulp, and personal care and cosmetics. Global population is expanding at a considerably higher rate, which is necessitating increased food processing, food preservation, and nutritional value. In developed countries, the consumption of processed food is significantly higher than in developing economies. This trend is changing as governments in emerging economies are gradually focusing on food security and food processing to feed the vast population. This is likely to fuel the demand for CMC in the years to follow. Additionally, energy demand across the world is reaching new heights, and renewable sources are falling short in meeting this demand which is likely result in increased oil drilling activities. This is expected to fuel product demand during the assessment period. Moreover, changing lifestyles, increasing disposable income, shifting consumer preferences, and rising consumption of processed food are some of the additional factors favoring the growth of the market during the review period.

Regional Analysis

The global carboxymethyl cellulose market has been studied with regard to five major regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific is projected to grow at the highest CAGR due to the rising product demand from the food & beverage industry. The governments in developing countries such as India, China, Indonesia, and Myanmar are investing heavily in the development of their food processing industries to leverage their vast agricultural production. India, China, South Korea, and Japan are the major contributors to the growth of this regional market. Shifting consumer trends, increasing standards of living, and significant growth of the pharmaceuticals and personal care industries are some of the important factors fuelling the growth of the market in this region.

In terms of market volume, the North American market is expected to closely follow the market in Asia-Pacific during the forecast period. The US is the largest contributor to market growth in this region, primarily due to the high demand for CMC from the established food & beverage and cosmetics and personal care industries. Europe is another substantial market in this region, accounting for a relatively smaller share of the global carboxymethyl cellulose market. The UK, Germany, the Netherlands, and Belgium are the key contributors to the regional market. The markets in the Middle East & Africa and Latin America are expected to grow at significant CAGRs during the forecast period.

Segmentation

The global carboxymethyl cellulose market has been segmented on the basis of application and region.

On the basis of application, the market has been divided into food & beverage, oil & gas, paints and adhesives, paper processing, cosmetics and personal care, pharmaceuticals, detergents, and others.

The market has been segmented into five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Key Players

The prominent players in the global carboxymethyl cellulose market are Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (US), Ashland (US), CP Kelco (US), Química Amtex, S.A. De C.V. (Mexico), DKS Co. Ltd. (Japan), Lamberti S.p.A. (Italy), NIPPON PAPER INDUSTRIES CO., LTD. (Japan), DAICEL FINECHEM LTD. (Japan), and QINGDAO SINOCMC CHEMICAL CO., LTD. (China).

Intended Audience

Carboxymethyl cellulose manufacturers
Traders and distributors of carboxymethyl cellulose
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories

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