Overview and Scope
Carboxymethylcellulose refers to an acid ether derivative of cellulose that is made up of glucopyranose monomers and is present as its sodium salt. CMC is available in various forms, including powders, granules, and gels, depending on its application. They are used as viscosity modifiers and to stabilize emulsions.
Sizing and Forecast
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 growth in the historic period can be attributed to emergence of biomedical applications, demand in food and beverage industry, growth in pharmaceutical sector, expanding cosmetics and personal care industry, textile and paper industries.
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%. The growth in the forecast period can be attributed to water treatment solutions, innovations in printing industry, rise in adhesive formulations, construction material needs, oil and gas sector requirements. Major trends in the forecast period include demand for natural and clean label ingredients, focus on health and wellness products, eco-friendly cosmetics and personal care, advancements in textile and paper industries, enhanced drilling fluids in oil and gas.
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Segmentation & Regional Insights
The carboxymethylcellulose (cmc) market covered in this report is segmented –
1) By Grade: High Purity, Industrial, Technical
2) By Property: Thickening Agent, Stabilizer, Binder, Anti-Repository Agent, Lubricator, Emulsifier, Excipient
3) By Application: Food And Beverages, Oil And Gas, Cosmetics, Pharmaceuticals, Detergents, Paper Processing
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
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Major Driver Impacting Market Growth
The increase in pharmaceutical production is expected to propel the growth of the carboxymethylcellulose (CMC) market going forward. Pharmaceutical production refers to the process of manufacturing pharmaceutical products, including medications, vaccines, and other medical treatments. Carboxymethylcellulose increases viscosity and stabilizes emulsions in oral, ophthalmic, injectable, and topical pharmaceutical formulations. For instance, in 2022, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA) 2021 Highlights, a Belgium-based trade association, pharmaceutical production increased by 4.64% to $3,29,184 million in 2021. Further, North America accounted for 49.1 of global pharmaceutical sales, and Europe accounted for 23.4 in 2021. Therefore, the increase in pharmaceutical production is driving the growth of the carboxymethylcellulose (CMC) market.
Key Industry Players
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.
The carboxymethylcellulose (cmc) market report table of contents includes:
1. Executive Summary
2. Carboxymethylcellulose (CMC) Market Characteristics
3. Carboxymethylcellulose (CMC) Market Trends And Strategies
4. Carboxymethylcellulose (CMC) Market – Macro Economic Scenario
5. Global Carboxymethylcellulose (CMC) Market Size and Growth
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31. Global Carboxymethylcellulose (CMC) Market Competitive Benchmarking
32. Global Carboxymethylcellulose (CMC) Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Carboxymethylcellulose (CMC) Market
34. Carboxymethylcellulose (CMC) Market Future Outlook and Potential Analysis
35. Appendix
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