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Carboxymethyl Cellulose Market Analysis

  • Report ID: GMI2479
  • Published Date: Oct 2024
  • Report Format: PDF

Carboxymethyl Cellulose Market Analysis

The above 95% purity segment will capture USD 1.2 billion and demonstrate a 4.4% CAGR till 2032. Above 95% purity indicates highly purified carboxymethyl cellulose, which is especially used in personal care, pharmaceuticals, food, and drinks. It is also used in other end-user industries such as detergents & laundry, pulp & paper, oil & gas, etc. Furthermore, strong demand for cellulose gum with purity above 99.5% in the food & beverage and pharmaceutical industries will further propel the overall industry growth.
 

 Carboxymethyl Cellulose Market Revenue Share, By End Use, (2023)

The food & beverage segment held a 43.7% market share in 2023, amounting to USD 640 million, and is projected to grow at a 4.7% CAGR from 2024 to 2032. The carboxymethyl cellulose (CMC) market is witnessing notable growth across various end-user sectors. In the food and beverage industry, CMC is increasingly favored for its thickening and stabilizing properties, especially in low-fat and gluten-free products. The pharmaceutical sector relies heavily on CMC as a binder and disintegrant in tablet formulations, driven by the demand for effective drug delivery systems. In personal care, CMC is used in creams and lotions for its emulsifying capabilities, enhancing product stability.
 

The oil and gas industry utilizes CMC in drilling fluids, where it improves viscosity and reduces fluid loss, supporting increased drilling activities. In the pulp and paper sector, CMC serves as a coating and adhesive, enhancing paper quality. Additionally, the detergents and laundry segment leverages CMC for its soil suspension and viscosity control properties.
 

U.S. Carboxymethyl Cellulose Market Size, 2021 - 2032 (USD Million)

The U.S. carboxymethyl cellulose market is projected to achieve USD 357.7 million, with a CAGR of 4.4% from 2024 to 2032. The U.S. industry is experiencing significant growth, driven by increasing demand across various sectors. In the food and beverage segment, CMC is favored for its thickening and stabilizing properties, particularly in gluten-free and low-fat products. The pharmaceutical industry is expanding its use of CMC as an essential excipient in drug formulations, enhancing the efficacy of medications.
 

Technological advancements in manufacturing processes are improving efficiency and product quality, while a growing emphasis on sustainability is prompting the exploration of eco-friendly raw materials. The personal care sector is also contributing to market growth, utilizing CMC for its emulsifying properties in creams and lotions. Additionally, the oil and gas industry rely on CMC in drilling fluids, further bolstering demand.

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The global market size for carboxymethyl cellulose was valued at USD 1.5 billion in 2023 and is expected to reach USD 2 billion by 2032, driven by a CAGR of over 4.3% from 2024 to 2032.

The food and beverage segment held a 43.7% market share in 2023, amounting to USD 640 million, and is projected to grow at a 4.7% CAGR from 2024 to 2032, driven by the increasing demand for low-fat and gluten-free products.

U.S. market is projected to achieve USD 357.7 million by 2032, driven by a CAGR of 4.4% from 2024 to 2032, fueled by rising demand across various sectors.

Asia Pacific carboxymethyl cellulose market could witness a CAGR of around 4.5% through 2027 on account of strong demand from food & beverage sector.

Major players in the industry include AkzoNobel N.V., Ashland Global Holdings, J.M. Huber Corporation, Lamberti, Nippon Paper Industries, Patel Industries, Qingdao Sinocmc Chemical, Qingdao Tianya Chemical, Triveni Chemicals, and USK Kimya A.S.

Carboxymethyl Cellulose Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 196
  • Countries covered: 21
  • Pages: 250
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