Carboxymethyl Cellulose Market is expected to grow with a steady CAGR by 2023Posted by Harish Somani on July 20th, 2018 About Carboxymethyl Cellulose Market:Carboxymethyl Cellulose (CMC), also known as tylose powder or cellulose gum, is a derivative of cellulose with carboxymethyl groups attached to some of the hydroxyl groups of glucopyranose monomers. The product is generally used as its sodium salt. CMC is widely used in a variety of applications such as food & beverage, paper processing, and cosmetics and personal care. The food & beverage industry is a major consumer of CMC, which is used as a viscosity modifier, thickener, and emulsifier, and in fat-free food products. CMC is also a major constituent of non-consumable food items such as toothpaste, diet pills, and laxatives. Additionally, water-based paints, reusableheat packs, detergents, and paper processing all require large amounts of CMC. The global Carboxymethyl Cellulose Market is expected to grow at a substantially high rate on account of the increasing demand from major end-use industries such as food & beverage, paper and pulp, and personal care and cosmetics. Global population is expanding at a considerably higher rate, which is necessitating increased food processing, food preservation, and nutritional value.
Market Segmentation: The global carboxymethyl cellulose market has been segmented on the basis of application, and region. On the basis of application, the market has been divided into food & beverage, oil & gas, paints and adhesives, paper processing, cosmetics and personal care, pharmaceuticals, detergents. The market has been segmented into five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Regional Analysis: The global Carboxymethyl Cellulose Market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Globally, Asia-Pacific was the dominant carboxymethyl cellulose market with more than a 40% share in 2017. This can primarily be attributed to the growing demand from the well-established pharmaceutical and personal care industries in this region. Favorable government policies pertaining to food processing is likely to boost the growth of the market in this region. The major markets in this region are India, Japan, South Korea, and China on account of the presence of major end-use industries. The North American market was the second-largest in terms of market size, with the US as the largest market in the region. This can be attributed to the high demand for CMC from the growing food & beverage and chemicals industries.
Key Global Competitors: The key players in the global Carboxymethyl Cellulose Market are; Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (US), Ashland (US), CP Kelco (US), Química Amtex, S.A. De C.V. (Mexico), DKS Co. Ltd. (Japan), Lamberti S.p.A. (Italy), NIPPON PAPER INDUSTRIES CO. LTD. (Japan), DAICEL FINECHEM LTD. (Japan), and QINGDAO SINOCMC CHEMICAL CO. LTD. (China)
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