Carboxymethyl Cellulose Market - Industry Analysis, Growth, Trends, and Forecast 2031

Albany, NY - Carboxymethyl Cellulose Market: Introduction

Transparency Market Research delivers key insights on the global carboxymethyl cellulose market. In terms of revenue, the global carboxymethyl cellulose market is estimated to expand at a CAGR of 3.6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global carboxymethyl cellulose market.

The global carboxymethyl cellulose market is broadly affected by several factors, including expansion of the global food & beverage industry. Characteristics of carboxymethyl cellulose such as thickening ability, rheology modification, water retention, filtration reduction, and binding ability are expected to drive the demand for carboxymethyl cellulose in the near future.

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Carboxymethyl Cellulose Market: Dynamics

Carboxymethyl cellulose is extensively employed in the manufacture of baked goods, ice creams, dairy products, gels in heart & cornea surgeries, coating of tablets, finishing of fabric, film forming agent in lotion, creams, shampoos, drilling fluid, etc. It is utilized extensively in food & beverage and pharmaceutical sectors. Characteristics of carboxymethyl cellulose to control crystallization and reduce crystal size help retain the effectiveness of frozen food. Carboxymethyl cellulose helps avoid the formation of sandy texture in half-frozen products such as milk shakes and fruit punches. In cosmetics and pharmaceutical sectors, high purity grade of carboxymethyl cellulose is employed as a fat-free ointment base or tablet filling matrix. Mixed esters of carboxymethyl cellulose, such as carboxymethyl cellulose acetate butyrate, exhibit zero-order release of the active component when used as a filling matrix for drug-delivery agents.

The increase in demand for hydrocolloids in foodstuffs, owing to the rapid expansion of convenience food & beverages sector is likely to drive the demand for carboxymethyl cellulose in the near future. Some consumers are allergic to gluten. This makes them intolerant to conventional gluten-containing desserts such as low-fat ice creams, non-fat ice creams, frozen novelties, and frozen yogurt. Carboxymethyl cellulose acts as a thickener and stabilizer in ice creams and other frozen desserts. This helps maintain the texture and appearance of desserts. Furthermore, carboxymethyl cellulose is available at lower cost than other thickeners and stabilizers. These factors are estimated to propel the demand for carboxymethyl cellulose in the food & beverages segment in the near future.

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Carboxymethyl Cellulose Market: Prominent Regions

Based on region, the global carboxymethyl cellulose market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global carboxymethyl cellulose market in 2020. The region is expected to maintain its dominance during the forecast period. Countries with large population and high growth in middle-class population, such as China and India, offer lucrative opportunities to the market in Asia Pacific. Sales of packaged food are rising in India, owing to an increase in disposable income of consumers. Asia Pacific is a prominent market for fast food, with significantly large markets in China, Japan, and India. The presence of large numbers of consumers of fast food in the region is driving the carboxymethyl cellulose market in Asia Pacific. Furthermore, rise in investments in pharmaceutical and cosmetics sectors by key manufacturers in the region is boosting these industries in Asia Pacific. The expansion of pharmaceutical and cosmetics industries is projected to offer lucrative opportunities to the carboxymethyl cellulose market in the region.

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Carboxymethyl Cellulose Market: Key Players

Key players operating in the global carboxymethyl cellulose market are Nouryon Chemicals Holding B.V., DuPont de Nemours, Inc., CP Kelco, Ashland Inc., Jining Fortune Biotech Co., Ltd., Nippon Paper Industries Co., Ltd., Daicel Corporation, Dai-Ichi Kogyo Seiyaku Co., Ltd, and Quimica Amtex S.A De C.V.

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