Carboxymethyl Cellulose Market Share – Industry Analysis, Key Players and Trends to 2027 - PowerPoint PPT Presentation

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Carboxymethyl Cellulose Market Share – Industry Analysis, Key Players and Trends to 2027

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Carboxymethyl Cellulose Market size was around USD 1.29 billion in 2020 and will grow at a CAGR of 4.3% from 2021 to 2027 – PowerPoint PPT presentation

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Date added: 26 July 2022
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Title: Carboxymethyl Cellulose Market Share – Industry Analysis, Key Players and Trends to 2027


1
Carboxymethyl Cellulose Market to at over 4.3
CAGR from 2021 to 2027 Global Market Insights,
Inc.
2
Overview of Carboxymethyl Cellulose Market
  • Carboxymethyl cellulose (CMC) is continuing to
    gain widespread adoption as an essential compound
    in industrial sectors, including food, cosmetics,
    medicine, and household chemicals. Among other
    applications, the compound is widely used as a
    lubricant to relieve eye irritation and
    discomfort as well, playing a key role in the
    treatment of increasingly prevalent conditions
    such as dry eye disease.
  • As per the National Health and Wellness Survey,
    over 6.8 of U.S. adults have been diagnosed with
    dry eye disease. These factors are resulting in
    the burgeoning adoption of carboxymethyl
    cellulose in eye drops and asserting a positive
    influence on the growth of the carboxymethyl
    cellulose market over the foreseeable future.
  • The implementation of lockdown measures to curb
    the deadly COVID-19 disease spread has been
    posing a major hindrance to every aspect of
    business, including the bakery sector. As per the
    Gira 2019 study, foodservice channels witnessed a
    drop to -38 in the commercial distribution of
    fresh bakery products in Europe in 2020, creating
    significant upheaval in the CMC industry.

3
Continue
  • Apart from a significant adoption as a functional
    ingredient in bakery products, carboxymethyl
    cellulose is also used extensively as a
    viscosifier in the oilfield industry. According
    to Global Market Insights Inc. report, the
    carboxymethyl cellulose industry from the oil and
    gas segment is poised to depict a 4.2 CAGR
    through 2027.
  • Due to the significant recovery of the oilfield
    services spending in the global energy industry,
    companies are also gearing up for business
    expansion. The oil and gas industrys frac
    service provider, Halliburton Co., for example,
    is prepared for years of expansion and multi-year
    upcycle in the U.S. as well as foreign markets.
  • Activities like these are expected to amplify the
    usage of carboxymethyl cellulose in oilfield
    drilling activities.

4
Continue
  • The functionality of sodium carboxymethyl
    cellulose in the detergent industry is highly
    extensive. The compound is mainly used as a
    thickener, adhesive, stabilizer, and plasticizer
    in soap manufacturing.
  • This increasing application scope is a result of
    several advantages associated with the use of the
    product, with the key points listed below.
  • Cutting-edge technologies including AI have been
    playing a crucial role in digital transformation
    strategies globally. These technologies are also
    revolutionizing business operations in the
    chemical industry, as they can help speed up
    quality controls by digitizing manual labor.

5
Continue
  • To cite an instance, in January 2022, HACARUS INC
    completed the successful deployment of the novel
    AI technology for sodium carboxymethyl cellulose
    (CMC) inspections with DSK.
  • This inspection solution combines the use of AI
    and sensors (near-infrared cameras) to determine
    the progress of CMC manufacturing, ensuring a 6
    times increase in the inspection speed.
  • Such commendable evolutions in CMC manufacturing
    and quality inspections are adding impetus to
    carboxymethyl cellulose market development over
    the forthcoming years.

6
Browse Full Research Report On Carboxymethyl
Cellulose Market_at_ https//bit.ly/2IwZ0hn Reque
st for a sample of this research report _at_
https//bit.ly/3b8X3Me
7
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