Carboxymethyl Cellulose Market growth outlook with industry review and forecast 2016-2024

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Carboxymethyl Cellulose Market 2016 to 2024, key
industry players growth trends
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Global Market Scenario of Carboxymethyl Cellulose
Industry

• Rising desire for food products with natural
  ingredients along with the increasing obesity
  levels have been boosting fat replacers demand in
  the recent years, which in turn propel
  Carboxymethyl Cellulose Market size by 2024.
• Carboxymethyl Cellulose Market Size will surpass
  USD 1.7 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
• Carboxymethyl cellulose (cellulose gum) industry
  growth will be driven by the escalating demand
  trends from the food beverage segment. The
  product will have robust demand in the processed
  food formulations for various roles as adhesion
  agent, thickening agent and stabilizer,
  emulsifier, bulking agent, firming agent, gelling
  glazing agent, humectant, etc.
• WHO estimated that 39 of people aged 18 and
  above were overweight in 2016 and 13 were obese.
  In the same year, about 41 million children under
  the age of 5 were identified to be overweight or
  obese.

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Continue-

• Rising demand for crude oil and natural gas has
  been encouraging exploration companies to engage
  in extensive drilling activities. Carboxymethyl
  cellulose used in drilling mud balances various
  physical parameters such as adjustment of
  viscosities, reduction of loss of water and
  increase of thixotropy. Cellulose gum market will
  feature robust demand from oil gas applications
  over the forecast timeframe.
• Increasing threat for product from various
  internal and external substitutes in different
  applications might pose as a restraining factor
  for the carboxymethyl cellulose market by 2024.
  Hydroxypropyl cellulose, carrageenan, xanthum,
  pectin, microcrystalline cellulose, guar gum,
  ethyl cellulose could be preferred as an
  alternative to the product by the product
  end-users by 2024.

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360 Industry Analysis

• CMC having purity (active ingredient) above 95
  held the highest share exceeding 40 in 2016 and
  will follow the similar trend by 2024. The growth
  will be ascribed to the high demand for cellulose
  gum with purity more than 99.5 from food
  beverage and pharmaceuticals applications. 
• Personal care segment is expected to have growth
  exceeding CAGR 3 in the overall CMC market by
  2024. Product utility in this segment has been in
  the skin care products including cosmetics,
  sunscreens, body lotions, etc. hair care
  products such as shampoos, gels, hair
  conditioners, etc. oral care products including
   denture adhesives, toothpastes, etc.
• Another trend in personal care sector has been
  the cellulose gum based superabsorbent polymers
  (SAP) for their usage in diapers and other
  fluid-absorbing products in the recent years. CMC
  has been grabbing attention in scientific and
  agriculture fields, for its biodegradable
  features and high swelling capacity. 
•  

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Industry Background
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• Regional Analysis
• Asia Pacific, Europe was the second-largest
  region for carboxymethyl cellulose in 2016.
  Product demand for was led by personal care and
  food beverages industries. Product demand was
  dominated by countries such as Germany, France
  and the U.K. due to high demand from personal
  care and food and beverages industries.
• Competitive Analysis
• Key industry players in the fragmented CMC
  industry have been Ashland, Nippon Paper
  Industries, USK Kimya A.S., Daicel Corporation,
  Patel Industries, Qingdao Tianya Chemical Co.
  Ltd., etc.

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