Food & beverage sector to provide revenue boosting opportunities to carboxymethyl cellulose market players

In the latest research report by Global Market Insights, Inc., carboxymethyl cellulose market size is poised to surpass US$ 1.7 bn by 2024.

Carboxymethyl cellulose (CMC) has become an invaluable additive for the detection of cellulase activity. Notably, sodium CMC is being produced in massive crude commercial grade quantities without refinement for use in drilling fluids, detergents and paper industry.

In the wake of its attributes such as high viscosity, good film forming properties, hydrophilic, and adhesive performance, CMC solutions are gaining prominence across a range of applications.

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Growth drivers: Oil drilling activities

Use of carboxymethyl cellulose in drilling sludge as a colloid thickener has become more apparent than ever before. Leading companies are using CMC in drilling fluid as it works as a filtration reducer, viscosifier and rheology controller.

CMC is prevalently being used as a low-viscosity or high-viscosity grades and has been effective in helping slurry to form a strong and thin permeability filter cake. With a notable spike in oil drilling activities, traction for carboxymethyl cellulose is likely to pick pace in the next four years.

Trends: food and beverage and Paper industry

Of late, trend for CMC in food and beverage as an emulsifier, thickener, binder and stabilizer in food has augured well for the manufacturers of carboxymethyl cellulose. Prominently, CMC is widely being used as common thickener in food applications.

Manufacturers have exhibited increased traction towards CMC for it stabilizes food by retaining moisture, maintains consistent texture, and makes food creamy and thick, making them desirable among gen Z and millennial population.

Prominently, CMC is highly desirable in food as an auxiliary agent and also as a suspending agent in fruit juices and as a protective agent to cover the surface of the food.

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Rising prominence of substitutes may derail the growth of carboxymethyl cellulose market growth.
It is expected that industry dynamics of CMC solution will be witnessed in oil and gas sector, food and beverage and pharmaceutical industries.

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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.

This release was published on openPR.