Carboxymethyl Cellulose Market Top Impacting Factors That Could Escalate Rapid Growth During 2023-2031

The global carboxymethyl cellulose market value was US$ 1629.5 million in 2021. The global carboxymethyl cellulose market value is forecast to reach US$ 2,440.4 million by 2030, growing at a compound annual growth rate (CAGR) of 4% during the forecast period from 2022 to 2030.

Pure cotton and wood pulp cellulose provide the raw material for carboxymethyl cellulose (CMC or Cellulose Gum). In the pharmaceutical, cosmetic & personal care, food & beverage, paint, and household care industries, it is known as cellulose gum or tylose powder.

In addition, detergents, water-based paints, and paper processing use a great deal of carboxymethyl cellulose. Reduced-fat food products use carboxymethyl cellulose a lot. In addition to its use in candy preparation, it also improves the taste the texture of the products. Further, it ensures a smooth dispersion of the flavor oils. Margarine, chewing gums, and peanut butter contain it as an emulsifier.

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Factors Influencing Market GrowthFood and beverage manufacturers increasingly use carboxymethyl cellulose as a thickener and stabilizer in ice-creams, milk, cakes, and other baked goods. Thus, driving the global carboxymethyl cellulose market.

Oil-drilling companies also use carboxymethyl cellulose as a component of drilling mud. In addition, it acts as a water toner and viscosity modifier, thereby driving the global carboxymethyl cellulose market growth.

The decline in raw material quantities to produce carboxymethyl cellulose may slow down the global market growth.

Impact Analysis of COVID-19

The COVID-19 pandemic had negatively impacted the global carboxymethyl cellulose market. A number of countries worldwide have implemented lockdowns, curfews, which have severely impacted lifestyles, health and wellbeing, and manufacturing industries.

A pandemic posed many challenges for exporters, including restrictions on import and export of goods, quarantine and lockdown measures, and a new trade war. There have been disruptions in the supply chain, lack of availability of workers, complete shutdowns of restaurants or quick-service restaurants (QSRs), the textile industry, the paper coating industry, and others that have negatively affected the market.

Regional Insights

The Asia Pacific region had the largest share of the total market volume in the carboxymethyl cellulose market. This region is likely to experience the fastest growth in the carboxymethyl cellulose market during the forecast period. Due to the large consumption in the oil & gas, pharmaceuticals, cosmetics, and food & beverage industries is forecast to drive the demand.

As a result of increasing domestic demand coupled with low manufacturing costs, the pharmaceutical and cosmetics sectors in Japan, China, India, and South Korea are likely to drive cellulose market growth in the forecast period. As a result of rising disposable incomes and changing lifestyles, the demand for personal care products is forecast to grow in emerging economies, especially in India, China, Malaysia, and Indonesia.

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Leading Competitors

The leading prominent companies profiled in the global carboxymethyl cellulose market are:

J.M. Huber Corporation
Ashland Global Holdings Incorporated
Qumica Amtex S.A.
Amtex Chemicals, LLC
Changzhou Science & Technology Co. Limited
DKS Co. Limited
Carlyle Investment Management LLC
Formitex Empreendimentos e Participaes Limited
Mikro-Technik GmbH & Company KG
Zibo Hailan Chemical Co., Limited
Chongqing Lihong Fine Chemicals Co., Limited
Other Prominent Players

Scope of the Report

The global carboxymethyl cellulose market segmentation focuses on Purity Level, Application, Property, and Region.

Segmentation based on Purity Level

Highly Purified
Technical Grade
Industrial Grade

Segmentation based on Application

Food & Beverages
Oil & refining
Pharmaceutical
Paint & Textile
Cosmetics & Personal Care
Paper Coating & Household Care
Others

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Segmentation based on Property

Thickening Agent
Stabilizer
Binder
Anti-repository Agent
Lubricator
Emulsifier
Excipient

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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