Title: Carboxymethyl Cellulose Market growth outlook with industry review and forecast 2016-2024
1Carboxymethyl Cellulose Market 2016 to 2024, key
industry players growth trends
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2Global 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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3Continue-
- 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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5360 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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6Industry Background
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7- 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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