PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1166493
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1166493
According to SPER Market Research, the Global Carboxymethyl Cellulose Market is estimated to reach USD 2.46 billion by 2032 with a CAGR of 4.57%.
By chemically combining naturally occurring cellulose with chloroacetic acid, cellulose, commonly known as cellulose gum, is produced. This product is advantageous for use as a key intermediary or ingredient in many applications due to its multifunctional properties. Additionally, Carboxymethyl cellulose has excellent viscosity, is non-toxic, and is hypoallergenic. The three main raw materials used in the production of carboxymethyl cellulose (CMC) are monochloroacetic acid, caustic soda, and cellulose extracted from plants. In a wide range of applications, including those involving food and drinks, pharmaceuticals and cosmetics, detergents, oil and gas, paper processing, and others, CMC is frequently employed as a thickener, stabiliser, binder, and dispersant. By giving the completed product a smooth texture and altering the viscosity of certain meals, personal care items, and pharmaceutical formulations, cellulose gum improves its aesthetic appeal.
A number of global industries have experienced a significant decline as a result of the spread of one of the deadliest pandemics of the century. An infectious illness called COVID-19 impacts The global coronavirus epidemic has caused considerable challenges for exporters in both developing and wealthy nations. Supply chain breakdowns and a labour shortage in many sectors have had a big influence on the market. Around the world, lockdowns and curfews were implemented in order to stop the spread of the new coronavirus, which had an impact on people's way of life, health, and livelihoods in the manufacturing sector. Exporters are experiencing substantial disruption because to the pandemic, including import and export restrictions on certain items and government-enforced quarantine and lockdown rules.