PUBLISHER: Value Market Research | PRODUCT CODE: 1542465
PUBLISHER: Value Market Research | PRODUCT CODE: 1542465
The global demand for Carboxymethyl Cellulose Market is presumed to reach the market size of nearly USD 2.82 Billion by 2032 from USD 1.96 Billion in 2023 with a CAGR of 4.12% under the study period 2024-2032.
Carboxymethyl cellulose (CMC), often referred to as cellulose gum, is a water-soluble cellulose derivative. CMC, deemed a safe food additive, is commonly used as a stabilizing and thickening agent. It is extensively used in gluten-free and reduced-fat food products. It is sought after as a suspending agent in pharmaceuticals and cosmetics. CMC is used in ice packs to form a eutectic mixture and in the ice cream industry. Its rheological property makes it suitable for industrial applications, such as paper surface treatment, mining, fabric care, textiles, ceramics, oil, and gas drilling. Its use as a laxative for humans and animals and as a lubricant in artificial tears is widely acknowledged.
The growth of the key application sectors of this multifunctional cellulose derivative is the primary stimulant anticipated to push the growth of this market in the coming years. The expanding processed food industry, production of specialty drugs in pharmaceuticals, customer-friendly cosmetics, and the growing oil drilling activities will benefit this market's growth. CMC, widely used as a stabilizer, binder, and dispersant in various applications such as detergents, paper processing, and others, will boost the market growth. Robust per capita consumption of paper and increased adoption of paper recycling and reuse will be a market booster. The vital barriers to the development of this market are CMC's adverse effects on humans' inflammation and the availability of substitutes.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Carboxymethyl Cellulose. The growth and trends of Carboxymethyl Cellulose industry provide a holistic approach to this study.
This section of the Carboxymethyl Cellulose market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Carboxymethyl Cellulose market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Carboxymethyl Cellulose market include Nouryon Chemicals Holding B.V., DuPont De Nemours Inc., CPKelco US. Inc., Ashland Inc., Lining Fortune Biotech Co Ltd., Nippon Paper Industries Co. Ltd., Daicel Corporation, Dai-Ichi Kogyo Seiyaku Co. Ltd., Quimica Amtex S.A De CV., Akzo Nobel N.V., Ugur Seluloz Kimya AS., Lamberti SpA. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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