PUBLISHER: The Business Research Company | PRODUCT CODE: 1414085
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414085
“Carboxymethylcellulose (CMC) Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on carboxymethylcellulose (cmc) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for carboxymethylcellulose (cmc)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The carboxymethylcellulose (cmc) market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Carboxymethylcellulose (CMC) stands as an acid ether derivative derived from cellulose, comprising glucopyranose monomers and predominantly found in its sodium salt form. Its versatility extends across multiple formats such as powders, granules, and gels, tailored to suit specific applications. Primarily utilized as a viscosity regulator and for stabilizing emulsions, CMC boasts various grades, high purity, industrial, and technical. High purity denotes an unadulterated composition, ensuring uniformity and absence of additional elements.
This compound exhibits a range of properties, serving as a thickening agent, stabilizer, binder, anti-repository agent, lubricator, emulsifier, and excipient. Its widespread applications encompass industries such as food and beverages, oil and gas, cosmetics, pharmaceuticals, detergents, and paper processing, catering to diverse needs within these sectors.
The carboxymethylcellulose (CMC) market research report is one of a series of new reports from The Business Research Company that provides carboxymethylcellulose (CMC) market statistics, including carboxymethylcellulose (CMC) industry global market size, regional shares, competitors with a carboxymethylcellulose (CMC) market share, detailed carboxymethylcellulose (CMC) market segments, market trends and opportunities, and any further data you may need to thrive in the carboxymethylcellulose (CMC) industry. This carboxymethylcellulose (CMC) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The carboxymethylcellulose (cmc) market size has grown strongly in recent years. It will grow from $1.67 billion in 2023 to $1.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The previous period's growth stemmed from several key drivers, including the emergence of biomedical applications, heightened demand within the food and beverage industry, growth within the pharmaceutical sector, expansion in the cosmetics and personal care industry, as well as developments within the textile and paper industries. These factors collectively contributed to the growth trajectory during that timeframe.
The carboxymethylcellulose (cmc) market size is expected to see steady growth in the next few years. It will grow to $2.13 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. Anticipated growth in the upcoming period is expected to be fueled by increased demand for water treatment solutions, ongoing innovations within the printing industry, a surge in adhesive formulations, growing requirements for construction materials, and continued needs within the oil and gas sector. Significant trends predicted for this period encompass the rising demand for natural and clean label ingredients, a concentrated focus on health and wellness products, the pursuit of eco-friendly cosmetics and personal care items, advancements in the textile and paper industries, as well as the development of enhanced drilling fluids specifically for the oil and gas sector. These trends collectively define the expected landscape for the forecasted period.
The anticipated surge in pharmaceutical production is set to drive the growth of the carboxymethylcellulose (CMC) market. Carboxymethylcellulose, a substance enhancing viscosity and stabilizing emulsions in various pharmaceutical formulations, stands as a crucial component in medications and medical treatments. For instance, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported a 4.64% increase, totaling $329,184 million in pharmaceutical production in 2021. Notably, North America constituted 49.1% of global pharmaceutical sales, while Europe accounted for 23.4% in the same year. Hence, the burgeoning pharmaceutical sector significantly fuels the expansion of the carboxymethylcellulose (CMC) market.
The burgeoning food and beverage industry is poised to significantly bolster the carboxymethylcellulose market. This industry encompasses the entire spectrum from production to distribution of food and drink products. Carboxymethylcellulose's versatility in enhancing texture and stability in various food and beverage items positions it as a valuable ingredient, contributing to the growth of the CMC market. For example, Statistics Sweden reported a 2.9% growth, reaching $29.85 billion (SEK 334 billion) in revenue from food and beverage sales in September 2022. This growth stemmed from a 2.5% rise in sales volume and a 0.4% increase in food and beverage prices. Therefore, the thriving food and beverage industry is a significant driver of the carboxymethylcellulose market.
Prominent companies in the carboxymethylcellulose market are innovating by introducing cosmetic products to cater to broader customer bases, enhance sales, and increase revenue. Cosmetic products, aimed at improving or maintaining physical appearance, are a target for these developments. For instance, Maypharm Co. Ltd. introduced PLA meNnus (200mg/vial) in November 2021, a fusion of mesotherapy and innovative biotechnology specifically designed for professional cosmetics. Featuring Poly D, L-lactic Acid (PLA), and Carboxymethyl Cellulose (CMC), this product ensures prolonged collagen regeneration, setting new standards in professional skincare with its extended effects lasting up to 18-24 months. The immediate volumizing effect is achieved through CMC gel, addressing dermal volume deficiencies swiftly and facilitating enhanced collagen production by PLA.
Facility expansion stands as a prevailing trend within the carboxymethylcellulose market, with manufacturers focusing on scaling up to meet market demands. Nippon Paper Industries Co. Ltd., in February 2023, announced the establishment of a manufacturing and sales subsidiary in Hungary for Carboxymethyl Cellulose (CMC), targeting operations to commence by December 2024. This strategic investment anticipates generating around $53.84 million (50 million euros) in sales revenue and creating approximately 60 jobs at full operational capacity.
In June 2022, Nouryon, a Netherlands-based diversified chemical company, acquired the CMC Business of J.M. Huber Corporation for an undisclosed amount. This acquisition expands Nouryon's CMC portfolio by providing high-quality products to customers in home and personal care, buildings, infrastructure, food, pharmaceuticals, and packaging. J.M. Huber Corporation is a US-based chemical company that manufactures offering ingredients such as carboxymethylcellulose (CMC), specialty aluminas and oxides, and alumina trihydrate.
Major companies operating in the carboxymethylcellulose (cmc) market report are 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.
Asia-Pacific was the largest region in the carboxymethylcellulose (CMC) market in 2023 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
The countries covered in the carboxymethylcellulose (cmc) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The carboxymethylcellulose (CMC) market consists of sales of anionic carboxymethylcellulose, water-soluble carboxymethylcellulose, and cellulose derivative carboxymethylcellulose. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.