Carboxymethyl Cellulose Market

Carboxymethyl cellulose is cellulose gum that is extracted from wood pulp and pure cotton. Cellulose gum is widely used across various industries including oil & gas, agriculture, cosmetics & personal care, paint, paper processing, pharmaceutical, food & beverages, and household care industries.

Market Dynamics:

Growing awareness regarding painting houses is encouraging consumers to spend on renovation of the house one of the ongoing trends. This is creating demand for high-performance paints and coatings. Carboxymethyl cellulose is widely used as a stabilizer and is thicker in paints. The growth of carboxymethyl cellulose is also attributed to the rapidly growing oil drilling fluids industry due to increasing urbanization and industrialization around the globe. Thus, the growing demand for paints from the oil drilling fluids industry is propelling the market growth of carboxymethyl cellulose over the forecast period.

Growing demand for functional ingredients in food that helps in making food gluten-free and low-fat content is expected to drive the market growth of carboxymethyl cellulose. It helps in thickening and stabilizing the food and also replaces food by increasing the fiber content in food. Moreover, growing demand for frozen desserts that are low in fat content and gluten-free is again expected to propel the market growth. CMC helps in preventing the melting of ice creams and yogurts and maintains the texture of desserts.

Key features of the study:

• This report provides in-depth analysis of the global carboxymethyl cellulose market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global carboxymethyl cellulose market.
• It profiles key players in the global carboxymethyl cellulose market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study Azko Nobel N.V., Ashland Inc., CP Kelco, Daicel Corporation, The Dow Chemical Company, Lamberti S.p.A., Penn Carbose Inc., Sichem LLC, SINCOCMC Co. Ltd, and Yixing Tongda Chemical Co. Ltd.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global carboxymethyl cellulose market report caters to various stakeholders in this industry including investors, suppliers, global carboxymethyl cellulose  manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carboxymethyl cellulose market

Detailed Segmentation:

• Global Carboxymethyl Cellulose Market, By End-User:
  • Food & Beverage
  • Oil Drilling Fluids
  • Paper Processing
  • Personal Care
  • Paints and Adhesives
  • Packaging
  • Others
• Global Carboxymethyl Cellulose Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Azko Nobel N.V.
  • Ashland Inc.
  • CP Kelco
  • Daicel Corporation
  • The Dow Chemical Company
  • Lamberti S.p.A
  • Penn Carbose Inc.
  • Sichem LLC
  • SINOCMC Co. Ltd.
  • Yixing Tongda Chemical Co. Ltd.