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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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

Drivers:

Growing demand for functional ingredients in the 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 thickens and stabilize the food and also replaces food by increasing fiber content in food. Moreover, growing demand for frozen desserts that have low in fat content and gluten-free is again expected to propel the market growth. CMC helps in preventing melting of ice creams and yogurts and maintain the texture of desserts.

Increasing demand for natural stabilizers from the pharmaceutical industry for manufacturing of various drugs is expected to fuel the market growth of carboxymethyl cellulose. Rising geriatric populations is driving demand for healthcare needs which is influencing industrial growth. Thus, the growing demand for natural stabilizers for drug manufacturing is expected to augment the market growth of carboxymethyl cellulose.

Figure 1. Global Carboxymethyl cellulose Market Share (%) in terms of Value, By Region, in 2019

Carboxymethyl Cellulose  | Coherent Market Insights

Asia Pacific region dominated the global carboxymethyl cellulose market in 2019, accounting for 35.9% share in terms of value.

Market Restraints

Threat from substitute such as hydroxypropyl cellulose, guar gum, ethylcellulose and methylcellulose as they possess similar properties and can replace carboxymethyl cellulose in numerous applications. This factor is expected to hinder the market growth of the carboxymethyl cellulose.

The decline in raw material quantity is hampering the production of the carboxymethyl cellulose. This is affecting the demand and supply of the product. This factor is projected to hinder the market growth over the forecast period.

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Carboxymethyl cellulose Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 1,039.5 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 3.2% 2027 Value Projection: US$ 1,342.9 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By End-User: Food & Beverage, Oil Drilling Fluids, Paper Processing, Personal Care, Paints & Adhesives, and Others
Companies covered:

Akzo 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, Yixing Tongda Chemical Co. Ltd, and Nouryon

Growth Drivers:
  • Growing demand for gluten-free and low-fat food content is expected to drive the market growth.
  • Increasing demand for natural stabilizers from the pharmaceutical industry
Restraints & Challenges:
  • The decline in raw material quantity is hampering the production of the carboxymethyl cellulose.

Market Opportunities

Increasing iron ore and taconite mining is expected to provide potential opportunities for carboxymethyl cellulose. It is widely used across mining flotation applications for separating the impurities and metals. Basically, it is used as a modifier in the mining floatation process. Moreover, it is also used in nickel ore as it easily gets absorbed by minerals surfaces. Thus, growing demand across mining application is projected to foster the market growth of carboxymethyl cellulose.

The growing application of carboxymethyl cellulose from paper processing industry is expected to bring new market opportunities. It is used as a stabilizer, binder, thickener, and dispersant in the production of paper. Growing demand for paper from various applications is boosting production of paper which in turn augmenting demand for carboxymethyl cellulose from paper processing industry. This is expected to bolster the market growth over the forecast period. 

Figure 2. Global Carboxymethyl cellulose Market– Opportunity Analysis

Carboxymethyl Cellulose  | Coherent Market Insights

Market Trends/Key Takeaways

Increasing strategic alliance such as merger and acquisition among key manufacturer for business expansion on global as well as the regional level is a growing trend. For instance, in January 2020, Nouryon has signed an agreement to acquire JM Huber’s carboxymethyl cellulose (CMC) business. This acquisition add production capabilities of a complete line of CMC grades to Nouryon’s carboxymethyl cellulose product portfolio.

The increasing use of carboxymethyl cellulose in alcoholic drinks such as wine and beer is one of the current trends in the market. Growing consumption of the alcohol due to rising westernization around the globe is driving demand for carboxymethyl cellulose in such drinks. Growing consumption of the dairy and meat products where CMC is used as an emulsifying agent is further expected to foster the market growth over the forecast period.

Figure 3. Global Carboxymethyl cellulose Market Share (%) in terms of Value, By End-User, in 2019

Carboxymethyl Cellulose  | Coherent Market Insights

On the basis of end-user in 2019, the food and beverage segment has accounted the largest market share of 33% in terms of value, followed by oil drilling fluids and paper processing segment respectively.

Global Carboxymethyl Cellulose Market - Impact of Coronavirus (Covid-19) Pandemic

The carboxymethyl cellulose market is expected to grow at a significant rate during the forecast period as the demand for hygiene product industry is rising at a great extent. Due to rising consciousness among consumers regarding cleanliness and protection against the contagious disease. The government across various nations is also launching a number of initiatives to maintain hygiene thereby, increasing the demand for carboxymethyl cellulose market in the near future.

Competitive Section:

Company Names 

  1. Akzo Nobel N.V.
  2. Ashland Inc.
  3. CP Kelco
  4. Daicel Corporation
  5. The Dow Chemical Company
  6. Lamberti S.p.A
  7. Penn Carbose Inc.
  8. Sichem LLC
  9. SINOCMC Co. Ltd.
  10. Yixing Tongda Chemical Co. Ltd.
  11. Nouryon

Few Recent Developments

In September 2018, the CMC business unit of CP Kelco announced that it is increasing the pricing of its entire CMC product portfolio up to 10% globally, effective October 17, 2018, as contracts allow.

Carboxymethyl cellulose is cellulose gum which 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 is one of the ongoing trend. This is creating demand for high performance paints and coatings. Carboxymethyl cellulose is widely used as a stabilizer and thicker in the 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 the 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 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 melting of ice creams and yogurts and maintain 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 (2020-2027), 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 Colored PU Foam 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
      • U.S.
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Others
      • Canada
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
    • Europe
      • U.K.
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Germany
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • France
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Italy
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Spain
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Russia
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Rest of Europe
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
    • Asia Pacific
      • China
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • India
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Japan
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • ASEAN
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Australia
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • South Korea
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Rest of Asia Pacific
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
    • Latin America
      • Brazil
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Mexico
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Rest of Latin America
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
    • Middle East & Africa
      • Middle East
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
      • Africa
        • By End-User:
          • Food & Beverage
          • Oil Drilling Fluids
          • Paper Processing
          • Personal Care
          • Paints and Adhesives
          • Packaging
          • Others
  • Company Profiles
    • Azko Nobel N.V.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By End-User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Carboxymethyl Cellulose Market– Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Carboxymethyl Cellulose Market , By End-User, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Food & Beverage
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Oil Drilling Fluids
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Paper Processing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Personal Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Paints and Adhesives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
  6. Global Carboxymethyl Cellulose Market , By Region, 2017- 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million & Kilo Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Azko Nobel N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ashland Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • CP Kelco
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Daicel Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Dow Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Lamberti S.p.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Penn Carbose Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sichem LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • SINCOMC Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Yixing Tongda Chemical Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for carboxymethyl cellulose is estimated to surpass US$ 1,342.9 million by 2027, exhibiting a CAGR of 3.2% between 2020 and 2027.
High demand for carboxymethyl cellulose from the automotive industry is fostering the market growth. Plastic and polymers are rapidly replacing metals in vehicles in order to reduce the overall weight of automobiles and improve efficiency. This attributed to growing environmental concern and rising need for a high-performance vehicle. Thus growing demand for carboxymethyl cellulose from the automotive industry will favor the market growth
The carboxymethyl cellulose market is expected to exhibit a CAGR of 3.2% during the forecast period (2020-2027).
Major players operating in the global carboxymethyl cellulose market includes Akzo 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, Yixing Tongda Chemical Co. Ltd., and Nouryon
The decline in raw material quantity is hampering the production of the carboxymethyl cellulose. This is affecting the demand and supply of the product. This factor is projected to hinder the market growth over the forecast period.
The increasing use of carboxymethyl cellulose in alcoholic drinks such as wine and beer is one of the current trends in the market. Growing consumption of the alcohol due to rising westernization around the globe is driving demand for carboxymethyl cellulose in such drinks. Growing consumption of the dairy and meat products where CMC is used as an emulsifying agent is further expected to foster the market growth over the forecast period.
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