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:
Detailed Segmentation:
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