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Carboxymethyl Cellulose Market Share

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

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Carboxymethyl Cellulose Market Share

Companies include, Akzo Nobel N.V. has made significant strides in the carboxymethyl cellulose (CMC) market by integrating innovative applications in the food and pharmaceutical sectors, emphasizing product quality and sustainability. Ashland Global Holdings, Inc. offers a diverse range of CMC products tailored for various industries, including personal care and oil drilling, highlighting their focus on customization and performance.

Chongqing Lihong Fine Chemicals Co., Ltd. has contributed to the CMC market by enhancing production efficiency and developing cost-effective solutions, catering primarily to the Asian market. Daicel Corporation stands out with its emphasis on high-quality CMC for food applications, leveraging advanced manufacturing processes to meet stringent industry standards. DKS Co. Ltd. focuses on research and development, leading to the introduction of innovative CMC formulations that address emerging consumer trends.

Carboxymethyl Cellulose Market Companies

Major players operating in the carboxymethyl cellulose industry are:

AkzoNobel N.V.
Ashland Global Holdings
Chongqing Lihong Fine Chemicals
Daicel Corporation
DKS
Dow Chemical Company
J.M. Huber Corporation
Lamberti
Nippon Paper Industries
Patel Industries
Qingdao Sinocmc Chemical
Qingdao Tianya Chemical
Triveni Chemicals
USK Kimya A.S.

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.