GMI presents a most up-to-date research on “ Carboxymethyl Cellulose Market – Global Industry Analysis, Size, Share, End-user (Food & Beverage, Pharmaceuticals, Personal Care, Oil & Gas, Pulp & Paper, Detergents & Laundry), Growth Potential, Trends Statistics, Regional Outlook ( U.S., Canada, Germany, UK, France, Sweden, Italy, Finland, Netherlands, China, India, Japan, Australia, Thailand, Indonesia, Malaysia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia , UAE) and Forecast 2017 – 2024”.
Carboxymethyl Cellulose Market Size will surpass USD 1.7 billion by 2024; according to a new research report by Global Market Insights, Inc. Carboxymethyl cellulose market (cellulose gum industry) growth will be driven by the escalating demand trends from the food & beverage segment. The product will have robust demand in the processed food formulations for various roles as: adhesion agent, thickening agent and stabilizer, emulsifier, bulking agent, firming agent, gelling & glazing agent, humectant, etc.
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Elaborating further, it would be prudent to mention that carboxymethyl cellulose (CMC) market has been witnessing commendable traction, as the polymer is biodegradable and can be incinerated after use which makes it an environment friendly material. Apparently, this has led to CMC garnering immense popularity, of late, across a vast expanse of business verticals including pharmaceuticals, detergents & laundry, food & beverage, pulp & paper, oil & gas, and personal care.
Out of all these segments, food & beverage sector has been contributing vigorously toward carboxymethyl cellulose (CMC) industry size expansion. In fact, as per reliable estimates, food & beverage segment led the overall end use domain of this business sphere in the year 2016.
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Considering the diverse usability of CMC as an emulsifying and thickening agent, the material is being increasingly used in processed meat, bakery products, white wine, condiments, frozen desserts, diet foods, dairy products, soups & sauces, and salad dressings, etc. Moreover, the rising demand for food products prepared with natural ingredients has emerged as one of the pivotal factors to impel the carboxymethyl cellulose (CMC) market.
Apparently, driven by the robust requirement for these materials in the processed food formulations, the food & beverage segment of carboxymethyl cellulose (CMC) industry is forecast to register a commendable CAGR of about 4% over 2017-2024, as per authentic estimates.
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The latest trend emerging in the carboxymethyl cellulose (CMC) market is of prominent manufacturers including Ashland, Dai-Ichi Kogyo Seiyaku Co. Ltd, Lamberti S.P.A., J.M. Huber Corporation, Akzo Nobel B.V., and Triveni Chemicals focusing on expanding their production capabilities. The industry further anticipates strategic collaborations, mergers and acquisitions that would undeniably enhance its profitability and expand the consumer base.
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