DUBLIN–(BUSINESS WIRE)–The “Global Carboxymethyl Cellulose Market By Purity Level, By Application, By Property, By Regional Outlook, Industry Analysis Report and Forecast, 2021-2027” report has been added to ResearchAndMarkets.com’s offering.
The Global Carboxymethyl Cellulose Market size is expected to reach $1.9 billion by 2027, rising at a market growth of 3.7% CAGR during the forecast period.
Carboxymethyl cellulose is a cellulose derivative made from plants, monochloroacetic acid, and caustic soda. Due to the increased demand from culinary and pharmaceutical applications, the demand for carboxymethyl cellulose is anticipated to increase in a rapid manner. Moreover, some of the growth catalysts for the market are increasing requirement for stabilizing agents in the food and beverage industries, rising demand from additional culinary applications such as thickeners, suspending agents, and bulking agents.
Carboxymethyl cellulose is an artificial tear replacement. It’s used to keep dry eyes lubricated. It’s also used to relieve the burning, irritation, and/or discomfort associated with dry eyes. It’s also used to re-wet and lubricate soft and rigid gas permeable contact lenses. It’s also used to reduce the dryness, inflammation, and discomfort that come with wearing contact lenses.
Excellent thickening ability, rheology modification, water retention, filtration reduction, binding, dispersing, floating, crystallization inhibition, and ion exchange properties of carboxymethyl cellulose make it an ideal material for utilization in the formulation of ceramics, coatings, detergents, drilling fluids, food and beverages, paper, and textiles. Carboxymethyl cellulose is also used as an emulsion stabilizer in injection, a tablet adhesion and film-forming agent, and in a variety of medicinal and cosmetic applications.
In addition, CMC is utilized in a variety of glue and adhesive formulations for usage on practically any material. The leather industry makes extensive use of it. CMC has been used with starch and phenol-formaldehyde to create efficient adhesives for joining wood to other wood.
COVID-19 Impact Analysis
Due to the diffusion of one of the most fatal pandemics of the century, various industries across the world have undergone a substantial downfall. COVID-19 is a contagious infection that appeared in China’s Hubei province in late December 2020 for the first time, in the city of Wuhan. Exporters in both developing and developed countries have faced a significant number of obstacles as a result of the global coronavirus pandemic.
Market Growth Factors:
Rise in demand for Food additives
There is a substantial utilization of carboxymethyl cellulose across the food industry around the world. The use of CMCX eliminates the need for churners and salt ice mixtures, which are commonly used in ice cream production. Further, premixes, bread items, instant noodles, meat products, sauces, quick-frozen food, and other ready-to-cook and ready-to-eat products are ongoing trends nowadays. CMC is commonly used in food to absorb and hold water, limit crystal development, serve as a binder, extend shelf life, and create desirable texture or body.
Constantly rising demand and manufacturing of Detergent
Carboxymethyl cellulose comprises a variety of attributes that are highly beneficial in the detergent industry. The sodium derivative of carboxymethyl cellulose is widely used in the production of detergents due to its excellent anti-soil redepositing properties. Moreover, in detergents, it also acts as a particle suspender to remove dust and impurities from the cloth, color retention agent to prevent fading of colors post the wash, homogenizer, stabilizer, as well as skin and texture protector.
Marketing Restraining Factor:
Lack of nutrients when used as an edible
Carboxymethyl cellulose is broadly being utilized in the food and beverages industry across the world intending to produce more edibles comprising this product. However, it is just a substitute that is used for replacing multiple agents. Carboxymethyl cellulose is a component in a supplement and cannot be considered as a whole food. Despite the fact that cellulose gum is widely regarded as a safe and appropriate food additive, there is still a possibility of it containing unknown dangers.
Scope of the Study
Market Segments Covered in the Report:
By Purity Level
- Highly Purified
- Technical Grade
- Industrial Grade
By Application
- Food & Beverages
- Pharmaceutical
- Paint & Textile
- Oil & Refining
- Cosmetics & Personal Care
- Paper Coating & Household Care
- Others
By Property
- Thickening Agent
- Stabilizer
- Lubricator
- Emulsifier
- Binder & Anti-repository Agent
- Excipient
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
- DKS Co. Ltd.
- Nippon Paper Industries Co., Ltd.
- Akzo Nobel N.V.
- The Dow Chemical Company
- Ashland Global Holdings, Inc.
- Zibo Hailan Chemical Co., Ltd.
- Chongqing Lihong Fine Chemicals Co., Ltd.
- J.M. Huber Corporation
- Amtex Corp SA de CV
For more information about this report visit https://www.researchandmarkets.com/r/pgg3rs
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