The Increasing Use of CMC in the World Is Driving Carboxymethyl Cellulose Market Growth

Carboxymethyl Cellulose Market
Carboxymethyl Cellulose Market

Market Overview:

Carboxymethyl cellulose (CMC) is a water-soluble polymer derived from cellulose, a natural substance found in plants. CMC is produced by chemically modifying cellulose through the addition of carboxymethyl groups to its structure. This modification makes CMC highly soluble in water and gives it its unique properties as a thickener, binder, stabilizer, and emulsifier. CMC is a safe and non-toxic substance, and its use in various industries has been approved by regulatory agencies such as the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA).

CMC is widely used in various industries, including food, pharmaceutical, and personal care. In the food industry, CMC is used as a thickener and stabilizer in products such as ice cream, and salad dressings, and sauces. In the pharma sector, CMC is used as a binder in tablet formulations and as a suspending agent in liquid medications. In the personal care industry, CMC is used as a thickener in shampoos, lotions, and other cosmetic products.

Competitive Landscape:

Major players operating in the global Carboxymethyl Cellulose Market include DKS Co. Ltd., Nippon Paper Industries Co., Ltd., Ashland, Nouryon, and DuPont.

Key Market Drivers:

The busy lifestyle of consumers has led to a rise in demand for convenience food and beverages, which require the use of CMC as a thickener and stabilizer. This is expected to augment the growth of the global carboxymethyl cellulose for market.

By 2027, the Carboxymethyl Cellulose Market is anticipated to reach US$ 1,342.9 million, growing at a 3.2% CAGR.

Consumers are becoming more health-conscious, and are demanding products with natural and organic ingredients. CMC is a plant-based ingredient that is safe and healthy to consume, which is driving the demand for CMC in the food and pharmaceutical industries.

Moreover, the increasing population is leading to an increase in demand for food, pharmaceuticals, and personal care products, which is estimated to enhance the growth of the global Carboxymethyl Cellulose Market. For instance, in June 2020, the CMC business of J.M. Huber Corporation was acquired by Nouryon, for expanding its product portfolio.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, there have been several developments in the global carboxymethyl cellulose for market. For instance, in September 2021, ICPA Health Products Ltd. launched a saliva substitute for individuals suffering from dry mouth, called Wet Mouth.

Key Takeaways:

· The Asia Pacific is expected to dominate the growth of the global Carboxymethyl Cellulose Market, owing to the increasing population, rising disposable income and rapid industrialization in the region are the key drivers of the CMC market in this region. For instance, in May 2022, Proctor & Gamble (P&G) invested around US$ 24 million in order to construct a liquid detergent-producing plant in Hyderabad, India.

· North America is estimated to witness high growth in the global carboxymethyl cellulose for market, owing to the increasing demand for natural and organic ingredients in the food and personal care industries. For instance, in July 2020, Conagra Brands Inc. extended its meat snack processing plant in Ohio, USA.

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