Press release
Carboxymethylcellulose (CMC) Market on Path to Hit $2.23 Billion by 2029 at 5.4% CAGR
Carboxymethylcellulose (CMC)
Carboxymethylcellulose (CMC) Market Outlook: What Size And CAGR Are Anticipated By 2025?
Over the past few years, the carboxymethylcellulose (cmc) market has demonstrated a consistent growth pattern. It is set to expand from a worth of $1.75 billion in 2024 to an estimated value of $1.81 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.3%. This substantial growth during the historical period can be linked to factors such as the emergence of biomedical applications, an escalating demand within the food and beverage industry, expansion in the pharmaceutical sector, and a growing cosmetics and personal care industry. Additionally, the textile and paper industries also play a significant role.
What Is the Expected CAGR for the Carboxymethylcellulose (CMC) Market Growth Through 2029?
The carboxymethylcellulose (cmc) market is projected to experience robust expansion in the forthcoming years, with its value anticipated to increase to $2.23 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.4%. This growth, which is projected for the forecast period, is triggered by advances in water treatment technologies, innovation in the printing sector, increased usage in adhesive formulations, requirement of construction materials, and needs in the oil and gas sectors. Trends that will shape the market in the forecast period include the demand for natural and clean-labeled ingredients, the emphasis on health and wellness items, eco-friendly personal care and beauty products, progress in the textile and paper industries, and improved oil and gas drilling fluids.
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What Are the Primary Drivers Behind Carboxymethylcellulose (CMC) Market Growth?
The projected expansion of the pharmaceutical manufacturing sector is anticipated to fuel the growth of the carboxymethylcellulose (CMC) market. Pharmaceutical manufacturing involves the production of various pharmaceutical products, including medications, vaccines, and other health-related treatments. Carboxymethylcellulose has a role in elevating viscosity and establishing stable emulsions in oral, ophthalmic, injectable, and topical pharmaceutical compositions. For example, Eurostat, a governing entity based in Belgium, reported the increase in EU pharmaceutical production from €36 billion ($39.4 billion) in 2021 to €44 billion ($46.7 billion) in 2023, in July 2024, indicating remarkable growth in the industry. Hence, the escalation in pharmaceutical production is spurring the advancement of the carboxymethylcellulose (CMC) market.
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What Are the Key Segments Driving Carboxymethylcellulose (CMC) Market Growth?
The carboxymethylcellulose (cmc) market covered in this report is segmented -
1) By Grade: High Purity, Industrial, Technical
2) By Property: Thickening Agent, Stabilizer, Binder, Anti-Repository Agent, Lubricator, Emulsifier, Excipient
3) By Application: Food And Beverages, Oil And Gas, Cosmetics, Pharmaceuticals, Detergents, Paper Processing
Subsegments:
1) By High Purity CMC: Pharmaceutical Grade CMC, Food Grade CMC, Cosmetic Grade CMC
2) By Industrial CMC: Oil And Gas Grade CMC, Paper And Pulp Grade CMC, Textile Grade CMC
3) By Technical CMC: Laboratory Grade CMC, Research And Development Grade CMC
What Are the Technological Trends Impacting the Carboxymethylcellulose (CMC) Market?
Leading corporations in the carboxymethylcellulose industry are focusing on business growth strategies, with specific focus on founding new companies to augment their production capacities and satisfy the escalating demand across different sectors. The founding of new business entities involves defining its framework, objective, and operation apart from its legal registration. To illustrate, in February 2023, Nippon Paper Industries Co., Ltd., a firm based in Japan, reported the inception of a manufacturing and sales division in Hungary dedicated to CMC, better known as SUNROSE MAC. SUNROSE MAC CMC, developed by the firm, is used as a high-performing additive during the coating process for lithium-ion battery (LiB) anodes (graphite), a sector witnessing a significant surge in demand recently. SUNROSE MAC contributes to the formation of an even coating surface, boosting the security performance of LiBs. Such a feature has been highly valued by manufacturers of LiBs used in electric vehicles (EVs), consumer electronics such as smartphones and PCs, and solutions for storing renewable energy.
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Who Are the Major Competitors in the Global Carboxymethylcellulose (CMC) Market?
Major companies operating in the carboxymethylcellulose (CMC) market include Ashland Global Holding Inc., DKS Co. Ltd., Daicel Corporation, Amtex Corp., Nippon Paper Industries Co. Ltd., Akzo Nobel NV, CP Kelco US Inc., The Dow Chemical Company, Lamberti SPA, Mikro-Technik GmbH & Co. KG, Zibo Hailan Chemical Co. Ltd., Chongqing Lihong Fine Chemicals Co. Ltd., Ugur Seluloz Kimya AS, Amar Cellulose Industries, Foodchem International Corporation, Jining Fortune Biotech Co.Ltd., Anqiu Eagle Cellulose Co. Ltd., Wealthy Chemical Industry Co. Ltd., Shanghai Shenguang Edible Chemicals Co. Ltd., Xuzhou Liyuan Cellulose Technology Co. Ltd., Changzhou Science & Technology Co., J.M. Huber Corporation, Quimica Amtex y Amtex Chemicals LLC, Formitex Empreendimentos e Participacoes Ltda, Carlyle Investment Management LLC, Shandong Head Co. Ltd., Lucid Colloids Ltd., Ningbo Rongcheng Chemical Co. Ltd., DuPont Inc., Nouryon Chemicals Co. Ltd.
Which Region Dominates the Carboxymethylcellulose (CMC) Market Share in 2025?
Asia-Pacific was the largest region in the carboxymethylcellulose (CMC) market in 2024 and is expected to be the fastest-growing region in the global carboxymethylcellulose (CMC) market report during the forecast period. The regions covered in the carboxymethylcellulose (CMC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Carboxymethylcellulose (CMC) Global Market Insights,Forecast to 2025
Press Release – 11 Feb 2019
Research and Development News --
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Latest Update "Global Carboxymethylcellulose (CMC) Market Insights,Forecast to 2025" with Industries Survey | Global Current Growth and Future.
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Carboxymethylcellulose is made from cellulose, commercially made from wood & chemically modified. CMC cellulose supports in extending the solubility of proteins to a certain pH level. Cellulose gum boosts the aesthetics of the finished product by imparting smooth texture and modifies…
