NEW
YORK, July 5, 2024 /PRNewswire/ -- The
global carboxymethyl cellulose (CMC) market size is
estimated to grow by USD 526 million
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 5.54% during the forecast
period. Health-related benefits of linen products is driving
market growth, with a trend towards growing interest of
consumers in organic and eco-friendly carboxymethyl cellulose
products However, stringent regulations in the textile
industry poses a challenge. Key market players include Allwyn
Chem Industries, Amar Cellulose Industries, Ashland Inc., Barzaghi
Srl Unipersonale, Cellulose Solutions Pvt Ltd., CMC SA, Daicel
Miraizu Ltd., DKS Co. Ltd., Foodchem International Corp., Hefei TNJ
Chemical Industry Co. Ltd., Jining Fortune Biotech Co. Ltd.,
Lamberti SpA, Nilkanth Organics, Nippon Paper Industries Co. Ltd.,
Nouryon Chemicals Holding BV, Patel Industries, Quimica Amtex SA De
CV, Univar Solutions Inc., and USK Kimya Inc..
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Carboxymethyl
Cellulose (CMC) Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.54%
|
Market growth
2024-2028
|
USD 526
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.14
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 39%
|
Key
countries
|
China, US, India, UK,
and Germany
|
Key companies
profiled
|
Allwyn Chem Industries,
Amar Cellulose Industries, Ashland Inc., Barzaghi Srl Unipersonale,
Cellulose Solutions Pvt Ltd., CMC SA, Daicel Miraizu Ltd., DKS Co.
Ltd., Foodchem International Corp., Hefei TNJ Chemical Industry Co.
Ltd., Jining Fortune Biotech Co. Ltd., Lamberti SpA, Nilkanth
Organics, Nippon Paper Industries Co. Ltd., Nouryon Chemicals
Holding BV, Patel Industries, Quimica Amtex SA De CV, Univar
Solutions Inc., and USK Kimya Inc.
|
Market Driver
The global carboxymethyl cellulose (CMC) market is experiencing
significant growth due to increasing consumer preference for
organic and eco-friendly products. One such segment that is
witnessing increased demand is organic linen bedsheets. These
bedsheets are gaining popularity due to their environmental
benefits, as they are produced using sustainable methods and are
biodegradable. Additionally, they offer superior comfort and
durability, as they aid in moisture absorption and provide better
air circulation. Consumers value these attributes, leading to
increased adoption and growth of the organic linen bedsheets
market. This trend is expected to positively impact the overall CMC
market during the forecast period.
The Carboxymethyl Cellulose (CMC) market is experiencing
significant growth, particularly in the use of plant-derived
cellulose. This trend is driven by the demand for monochloroacetic
acid and caustic soda in the production of CMC, a type of cellulose
gum. The pharmaceutical sector is a major target industry, with CMC
serving as stabilizing agents in various applications. In food and
beverages, CMC is used as a food additive, especially in
gluten-free baking for those with gluten intolerance or celiac
diseases. The surge in convenience food consumption and
urbanization have also boosted demand. In the oilfield, CMC is used
as a drilling fluid thickener, while in paper and coatings, it acts
as a binding agent. With global lockdowns and severe rules,
production hubs have faced movement restriction, leading to
availability concerns and the search for substitutes. Despite these
challenges, the market's growth is expected to remain lucrative,
with expenditure expected in ice cream production, detergent
manufacturing, and oil drilling activities. Overall, the CMC
market's dominance in various industries is a testament to its
versatility and significance.
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Market Challenges
- The textile industry faces numerous regulations and policies
aimed at ensuring consumer safety and environmental protection. For
instance, the EU's Textile Regulation (EU) No 1007/2011 requires
proper labeling and fiber composition disclosure for all textile
products, including linen. Compliance with such regulations is
mandatory at all stages, from industrial processing to commercial
distribution. Failure to adhere to these standards can lead to
product recalls, resulting in increased costs and potential market
setbacks for vendors. Environmental legislation and regulations
also apply to textile manufacturing, with regulatory bodies like
MoEF, CPCB, and SPCB overseeing compliance. Non-compliance can lead
to significant consequences, making adherence to these regulations
essential for the growth of the carboxymethyl cellulose market
within the textile industry.
- The Carboxymethyl Cellulose (CMC) market is experiencing
significant growth due to the surge in demand from the convenient
food industry. The market has studied the growth in expenditure on
multicuisine foods, milk products, drinks, dressings and
seasonings, ice creams, and frozen desserts. CMC's viscosity
modifier, stabilizer, and emulsifier properties make it a lucrative
choice for these industries. The pharmaceutical sector also holds a
significant market share, with CMC's dominance in the production of
soluble complexes, casein, and acidification agents. Urbanization
and social media trends have boosted the cosmetics market, leading
to increased CMC usage in personal care products. However, the
availability of substitutes and changing food habits in developed
countries pose challenges. The National Bureau of Statistics
forecasts a steady growth in the retail trade of cosmetics,
domestic pharmaceuticals, generic drugs, medical goods, and
cosmetics market. CMC's role as a key ingredient in these
industries makes it a target industry for investors. Population
growth and the working generation's changing consumption patterns
further fuel the demand for CMC. StatCan reports that CMC is used
in bakery items and processed food, making it an essential
ingredient in the food industry as well.
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Segment Overview
This carboxymethyl cellulose (cmc) market report extensively
covers market segmentation by
- Application
- 1.1 Food and beverages
- 1.2 Pharmaceutical and cosmetics
- 1.3 Oil and gas
- 1.4 Paper
- 1.5 Others
- Grade Type
- 2.1 Highly purified
- 2.2 Technical grade
- 2.3 Industrial grade
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Food and beverages- Carboxymethyl cellulose
(CMC) is a widely used food additive in the production of various
food and beverage products. In the food industry, CMC functions as
a stabilizing, suspending, and thickening agent. Its primary
applications include preventing protein condensation in yogurt,
controlling the rheological properties of acid beverages, and
improving the texture and appearance of acid milk drinks and fruit
squash. CMC's excellent stability in acidic environments makes it
an ideal choice for these applications. In the manufacturing of
acid milk drinks, CMC plays a crucial role in stabilizing the
texture, preventing sedimentation and layering, and enhancing heat
resistance. Similarly, in fruit squash production, CMC helps
distribute fruit solids evenly, maintain a bright and striking
color, and extend the storage life of the product. Additionally,
CMC is used as a non-caloric thickening agent and binder in
ready-to-eat food products, reducing ice crystal formation in
frozen foods, and as a fat replacer in processed meat industries.
Despite the food and beverage industry being one of the least
affected by the COVID-19 pandemic, the demand for CMC was
negatively impacted in the first half of 2020 due to decreased
consumer investment in packaged food products and temporary
shutdowns of some food processing plants. However, in the second
half of 2020, the demand for CMC started recovering as governments
lifted restrictions and some food processing companies announced
expansion plans. The food and beverage industry's continued growth
is expected during the forecast period.
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geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
Carboxymethyl Cellulose (CMC), a plant-derived cellulose, is
produced by treating cellulose with monochloroacetic acid in the
presence of caustic soda. This results in the formation of
cellulose gum, a versatile hydrophobic polymer used extensively as
a stabilizing agent in various industries. In pharmaceutical
applications, CMC is employed as a binder, disintegrant, and
suspending agent. In food and beverages, it acts as a thickener,
emulsifier, and stabilizer, particularly in gluten-free baking for
individuals with gluten intolerance or celiac diseases. CMC is also
used as a food additive in ice cream production and other
multicuisine foods. The dominance of CMC in these target industries
is driven by its ability to restrict movement and enhance texture,
as well as its increasing use in personal care products,
urbanization, and the cosmetics market. The expenditure on CMC is
expected to grow significantly due to the rising demand for
gluten-free products, urbanization, and the influence of social
media on beauty trends. The National Bureau of Statistics and the
retail trade report consistent growth in the demand for CMC in
various sectors. Additionally, CMC is used in the production of
domestic pharmaceuticals, generic drugs, and medical goods.
Market Research Overview
Carboxymethyl Cellulose (CMC), a plant-derived cellulose, is
produced by treating cellulose with monochloroacetic acid in the
presence of caustic soda. This process results in the formation of
cellulose gum, a versatile hydrophobic polymer with excellent
thickening, stabilizing, and emulsifying properties. CMC finds
extensive applications in various industries including
pharmaceuticals as stabilizing agents, food and beverages for
gluten-free baking and movement restriction, ice cream production,
detergents, oilfield, paper, coatings, and personal care products.
The market for CMC has shown significant growth, driven by the
pharmaceutical sector's lucrative expansion and the increasing
demand for convenient food and beverages in developing countries.
Global lockdowns and severe rules imposed by governments due to the
pandemic have led to disruptions in production hubs, causing
temporary market slowdowns. However, the availability of
substitutes and the surge in expenditure on multicuisine foods,
domestic pharmaceuticals, generic drugs, medical goods, cosmetics,
and personal care products are expected to drive the market's
significant growth in the forecast time. CMC's viscosity-modifying,
stabilizing, and soluble complexing properties in milk products,
drinks, dressings and seasonings, ice creams, and frozen desserts
make it an essential food additive. The stabilizing property of CMC
in milk products and drinks helps prevent curdling and
acidification, while its emulsifying property in bakery items
ensures uniform mixing and improved texture. The changing food
habits of the working generation, population growth, urbanization,
and the influence of social media on beauty trends are also
contributing factors to the market's expansion. The National Bureau
of Statistics and the retail trade indicate that CMC consumption in
developed countries is increasing due to the rise in disposable
income and the availability of various CMC-based products in the
market. The oil drilling activities, crude oil, and petroleum
products industries also use CMC as a drilling fluid additive to
improve the drilling fluid's performance and stability. Overall,
the market for carboxymethyl cellulose is expected to continue its
dominance as a target industry due to its wide range of
applications and the convenience it offers to various
industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Food And Beverages
- Pharmaceutical And Cosmetics
- Oil And Gas
- Paper
- Others
- Grade Type
-
- Highly Purified
- Technical Grade
- Industrial Grade
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio