Sodium Carboxymethyl Cellulose Market is set to grow at a CAGR of 2.72%Posted by Lohitha on August 9th, 2019 In the Report “Sodium Carboxymethyl Cellulose Market: By End-user (food & beverage, construction, pharmaceutical, pulp & paper, oil & gas, others); By Application (drilling, detergents, hair color, ice cream, toothpastes, instant tattoo, others); By Geography - (2018-2023)” published by IndustryARC, the market is driven by the increasing demand for processed food and also growing consciousness about personal care cosmetics that are contributing towards growth. View Full Table Of Contents Of Sodium Carboxymethyl Cellulose Market: https://www.industryarc.com/Report/16252/sodium-carboxymethyl-cellulose-market.html Asia-Pacific dominates with major share and growth in the Sodium Carboxymethyl Cellulose Market Asia-Pacific is one of the major regions for the carboxymethylcellulose sodium, owing to growth of the pharmaceutical industry in countries such as China and India. The Asia-Pacific market for sodium carboxymethyl cellulose manufacturers and consumption is expected to grow at a CAGR of 3.04% to reach revenue of .02 billion by 2023. As pharmaceutical industry is the leading end-user industry, here China is the second largest region representing sales, currently amounting to 17% of total healthcare expenditures. The European market for carboxymethylcellulose sodium generated 1.45 million in 2017. The market is expected to grow at a CAGR of 2.44% to reach revenue of 9.51 million by 2023. The European region is one of the largest markets for sodium carboxymethylcellulose, due to its adoption in food as well as in pharmaceutical industry. North America is the biggest market for cosmetic, followed by Europe. The North American market is expected to grow at a CAGR of 2.78% to reach revenue of 2.17 million by 2023 from 9.63 million in 2017. Selected Application Analysis done in the full Report: The Sodium Carboxymethyl Cellulose CMC market is used in several applications such as food and beverages, detergents, mining applications and many more. Among all, Food and Beverages is the leading market holder, growing at a CAGR of 3.4% to reach revenue of 7.48 million by 2023 from 0.7 million in 2017. Food and beverage production is one of the biggest industries worldwide. Due to the rising population, the food and beverages industry will continue to develop at a robust pace in the future. The next leading segment is Detergent market, increasing at a CAGR of 2.2% to reach revenue of 6.22 million by 2023 from 1.4 million in 2017. Increasing sales of detergents due to emulsifying and protective colloid properties, is aiding the market of synthetic detergents. Excerpts on Market Growth Factors Growing consumer demands for food products are set to drive the market in the coming future. This is due to the diverse use of sodium cmc market in applications, which has increased the sale and is expected to grow over the years. Key players of the Sodium Carboxymethyl Cellulose Market About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact Us: Mr. Venkateshwar Reddy Like it? Share it!More by this author |