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

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Carboxymethyl Cellulose Market to at over 4.3
CAGR from 2021 to 2027 Global Market Insights,
Inc.
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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.

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• 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.

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• 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.

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• 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.

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