Carboxymethyl Cellulose (CMC) Market Estimated to Reach US$ 2.3 Billion Globally By 2028 | CAGR of 4%

According to IMARC Group latest report titled "Carboxymethyl Cellulose (CMC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on carboxymethyl cellulose (CMC) market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global carboxymethyl cellulose (CMC) market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Carboxymethyl cellulose (CMC), or cellulose gum, represents the sodium salt derivative of cellulose. It is chemically stable, odorless, physiologically inert, tasteless, and white in color. CMC is manufactured using caustic soda, monochloroacetic acid, and plant-based cellulose. It is produced by processing alkali cellulose with monochloroacetic acid (MCA) in the presence of a catalyst. CMC exhibits various advantageous emulsifying and thickening properties and is used as an adhesive agent in mosquito coils and paper boxes. It is also a stabilizer, binder, thickener, and dispersant in medicinal drugs, cosmetics, oil drilling fluids, and detergents. As a result, CMC finds widespread applications across several sectors, such as mining, chemical, food and beverage (F&B), oil and gas, and paper.

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Market Trends:

The escalating product demand in cosmetic formulations of lotions, shampoos, balms, face creams, and moisturizers as a binding, thickening, and stabilizing agent and in toothpaste to impart a smooth texture and enhance salt tolerance and acid resistance is among the primary factors driving the carboxymethyl cellulose (CMC) market. Besides this, the elevating requirement for this element in the food and beverage (F&B) industry to manufacture ready-to-eat (RTE), processed, and bakery items and reduce fat levels from gluten-free and frozen desserts is further augmenting the market growth. Moreover, the growing popularity of CMC in the production of oral, injectable, ophthalmic, and topical pharmaceutical formulations is also catalyzing the global market. Apart from this, the rising consumer preference for natural and organically sourced personal care products and the increasing need for this element in separating and concentrating ores in mineral processing are anticipated to propel the carboxymethyl cellulose (CMC) market over the forecasted period.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.
• Ashland Global Specialty Chemicals Inc
• Cellulose Solution Private Limited
• Chongqing Lihong Fine Chemicals Co. Ltd.
• Daicel Corporation
• DKS Co. Ltd
• J.M. Huber Corporation
• Lamberti S.p.A.
• Madhu Hydrocolloids Private Limited
• Mikro-Technik GmbH & Company KG
• Nippon Paper Industries Co. Ltd.
• Qingdao Sinocmc Chemical Co. Ltd.
• TCI Chemicals (India) Pvt. Ltd.
• Zibo Hailan Chemical Co. Ltd

Carboxymethyl Cellulose (CMC) Market Segmentation:
Our report has categorized the market based on region, purity level, property and application.

Breakup by Purity Level:
• Highly Purified
• Technical Grade
• Industrial Grade

Breakup by Property:
• Thickening Agent
• Stabilizer
• Binder
• Anti-Repository Agent
• Lubricator
• Emulsifier
• Excipient

Breakup by Application:
• Food and Beverages
• Oil and Refining
• Pharmaceutical
• Paint and Textile
• Cosmetics and Personal Care
• Paper Coating and Household Care
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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