Carboxymethyl Cellulose (CMC) Market: How will the Disruptions Created by Covid19 Affect the market? | CP Kelco, AkzoNobel, Ashland Industries, Inc., Dow, USK Kimya A.S., Sercalia, etc

The global carboxymethyl cellulose (CMC) market size is anticipated to foresee significant growth for the market during the projected horizon. Fortune Business Insights, in its latest upcoming report, titled "Carboxymethyl Cellulose (CMC) Market Size, Share & Industry Analysis, By Grade (Technical Grade, Semi-Purified Grade, Purified Grade), By End-Use Industry (Food & Beverages, Pharmaceuticals, Construction, Cosmetics & Surfactants, Paper, Oil, Paint & Adhesives, Others) Others and Regional Forecast, 2019-2026.", reports that growing popularity for ready-to-eat food products and rising pharmaceutical industry are the driving factors for the growth of the market in the forthcoming years.

List of the Companies Proliferating in the Market:

o CP Kelco
o AkzoNobel
o Ashland Inc.
o The Dow Chemical Company
o USK Kimya Corporation
o Arshine Pharmaceutical Co.
o Merck KgaA
o Sercalia
o Nippon Paper Group
o PACMC Manufacturing Co. Ltd.
o Jining Fortune Biotech Co. Ltd

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Carboxymethyl cellulose (CMC) is a type of water-soluble cellulose derivative that is bound by carboxymethyl groups in addition with the polymer chain. CMC is also known as cellulose gum or tylose. Furthermore, it acts like a thickener and stabilizer when dissolved and displays an excellent water-binding capacity. Moreover, CMC is in great demand for the pharmaceutical industry. It is used for formation of emulsions, gels, fake tears, sprays, and is a bio-adhesive for several ceramic implants. Moreover, it is also an effective stabilizer useful for the preparation of ice-lollies, and other types of ice creams.

What does the Report Offer?

The market report offers a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. Moreover, the report includes information sourced from advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.

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Drivers and Restraints:

Rising Pharmaceutical Industry to Surge Demand

Rapid Urbanization and Industrialization has witnessed tremendous explosion of population across the globe. Additionally, large population results in increasing prevalence of chronic diseases. Thereby, to counter the problems the growing demand for pharmaceuticals will drive the growth of the market during the forecast period. Furthermore, there has been an increase in demand for ready-to-eat products worldwide. A rising number of women workforce in developing economies is expected to favor growth for such products. Moreover, ready-to-eat products that have long shelf life, can be refrigerated, and served hot are growing in popularity that is anticipated to boost the demand for the market during the forecast period.

Regional Analysis:

Growing Food & Beverage Industry in Asia-Pacific to Augur Growth

Among the regions, Asia-Pacific is expected to lead the market during the forecast period. This is ascribable to factors such as promising growth of food & beverage industry along with the cosmetic industry in the region. North America, on the other hand, is anticipated to rise backed by increasing demand for oil drilling activities and from pharmaceutical industry during the projected horizon. The market in Europe is likely to gain momentum owing to expansion of cosmetic industry in the forthcoming years. Latin America and the Middle East and Africa will register significant growth for the market during the forecast period. This is attributable to factors such as availability of resources in abundance attracting the attention of several manufacturers in the region between 2019 and 2026.

Competitive Landscape:

Merger and Acquisition by Companies to Spur Demand

According to the report, the market comprises of several small, medium, and large companies trying to outclass the competition during the projected horizon. Adoption of strategies such as merger and acquisition, product launches, collaborations, and expansion of product offerings by the companies to gain maximum carboxymethyl cellulose market revenue will contribute to the growth of the market during the forecast period. Below is an industrial development for the market:

Industrial Development:

January 2020: Nouryon announced its acquisition of J.M Huber Corporation to strengthen its carboxymethyl cellulose business. The acquisition is expected to broaden Nouryon reach and cement its product portfolio comprising of home and personal care, food, pharmaceuticals, mining, and other industries.

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