The global “Carboxymethyl Cellulose Market: Opportunity Analysis and Future Assessment 2022-2030” issued by Reports and Insights provides authentic and first-hand data, qualitative and quantitative analysis by industry analysts, and inputs from industry experts and stakeholders across the entire chain. The research examines current market trends, macroeconomic factors, regional analysis in-depth, as well as market attractiveness by segment. The market research provides SWOT analysis of competitors comprising extraneous environment assessment and PEST study. In addition, the market analysis offers business approaches for handling with COVID-19 impact on the market.
The global carboxymethyl cellulose market in 2022 is estimated for more than US$ 1.5 Bn and expected to reach a value of US$ 2.4 Bn by 2030 with a significant CAGR of 6.3%.
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Carboxymethyl Cellulose Introduction
Carboxymethyl cellulose, also known as CMC, cellulose gum, or tylose powder is the sodium salt of carboxymethyl cellulose; which is produced by the chemical synthesis of natural cellulose with chloroacetic acid. It is chemically inert and stable in nature.
In addition, it is an odorless and tasteless substance that is safe for human health and environment. Because of its highly viscous nature, carboxymethyl cellulose is widely used as a thickening agent or a gum in numerous industries and imparts smooth texture to the end-products.
Carboxymethyl Cellulose Market Dynamics
Increasing demand processed food products and growing adoption of Ready-To-Eat all the prime factors elevating the growth of carboxymethyl cellulose in the market. In addition, increasing applications of CMC in floatation processing in mining coupled with growing demand from end-use industries also propel the growth of this market. However, the availability of cheaper substitute in the prime factors hindering the growth of carboxymethyl cellulose market.
The carboxymethyl cellulose market is expected to increase at a significant CAGR over the forecast period owing to the factors like the increasing demand of energy drinks coupled with the growing consumption of bakery foods snacks and beverages like soya milk and fruit juices are responsible in boosting the growth of this market.
Moreover, the advancements in production technology and elevating count of oil drilling activities is also increasing the demand for CMC in the market.
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Carboxymethyl Cellulose Market Segmentation
The global carboxymethyl cellulose market is segmented on the basis of application and region.
On the basis of application, the global carboxymethyl cellulose market can be segmented into food & beverages, pharmaceutical & cosmetics, oil & gas, paper, detergents and others.
Carboxymethyl Cellulose Market Key Players
Global carboxymethyl cellulose market is mainly dominated by AKZO Nobel N.V., Ashland Inc., CP Kelco U.S., Inc., Daicel Corporation, DKS Co. Ltd., Lamberti S.P.A, Nippon Paper Industries Co. Ltd., Química Amtex S.A. De C.V., The Dow Chemical Company and UGUR Seluloz Kimya A.S.
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