Research Nester’s recent market research analysis on “Carboxymethyl Cellulose Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global carboxymethyl cellulose market in terms of market segmentation by grade, property, application, and by region.
Rising Allergies Towards Gluten-Made Products to Promote Global Market Share of Carboxymethyl Cellulose
The global carboxymethyl cellulose market is estimated to grow majorly on account of the higher adoption of gluten-free products. Around 13% of patients with celiac gluten sensitivity and 1% with autoimmune celiac disease worldwide have shifted to gluten-free food. Furthermore, around 51% of gluten-free food consumers adopt it for other reasons. Moreover, the growing demand for paper packaging is also expected to drive market growth. In paper packaging applications, carboxymethyl cellulose is used as an adhesive. It is frequently employed as a binder to unite multiple layers of paper in order to affix inscriptions and labels to packaging materials. CMC's adhesive properties serve to retain the structural integrity of the packaging and keep the contents from leaking or spilling.
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Besides this, rise in the drilling activities and the growing demand for oil and gas are also contributing to the market expansion. Polymers such as carboxymethyl cellulose are pumped into reservoirs in some modified oil recovery procedures to increase the thickness of the injected water or other displacement fluids. This increased viscosity aids in more effectively sweeping the oil towards the production wells, boosting oil recovery from the reservoir.
Some of the major growth factors and challenges that are associated with the growth of the global carboxymethyl cellulose market are:
Growth Drivers:
• Expansion of the Paper Packaging Industry
• Rising Need for Gluten-Free Food Items
Challenges:
Market has a variety of food additives and stabilizers as an alternative to carboxymethyl cellulose and the prices of raw materials are indefinite, these are some of the major factors anticipated to hamper the global market size of carboxymethyl cellulose. CMC is derived from cellulose, primarily sourced from wood pulp or cotton. The fluctuating cost of these raw materials can affect the overall production costs of CMC. Instability in the raw material process can lead to uncertain pricing for CC and may impact its adoption. On the other hand, the research and development of CMC takes a lot of time, which is likely to stifle market growth. Continuous research and development are essential for the expansion of CMC applications into new industries or novel formulations. The development of innovative products or processes can be time-consuming and costly, impacting the pace of market growth.
Based on the different grades of carboxymethyl cellulose, the global market is segmented into technical grade, industrial grade, and high purity grade. The high purity grade segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. High purity grade is a very pure substrate and has found application in various industries, such as cosmetics, food & beverage, pharmaceutical, and others. Furthermore, on the basis of the application of carboxymethyl cellulose, the market is further fragmented into detergent, food & beverage, paper & pulp, cosmetic, pharmaceutical, paint & coating, and oil field drilling fluid. Out of all, the food & beverage segment is anticipated to lead the market growth.
By region, the Europe carboxymethyl cellulose market is to generate notable market revenue by the end of 2035. Europe being a major hub for pharmaceutical research and production, the demand for CMC has increased significantly to meet the growing need of the industry. Moreover, the European personal care and cosmetics industry is continuously innovating and introducing new products, driving the demand for CMC as an essential ingredient. Apart from this, pet ownership increases, and pet owners become more conscious of their pets’ nutrition, the demand for premium pet food products that utilize functional ingredients like CMC has risen.
This report also provides the existing competitive scenario of some of the key players of the global carboxymethyl cellulose market which includes company profiling of Akzo Nobel N.V., J.M. Huber Corporation, USK KIMYA CORP, Amtex-Corp, Dow, DKS Co. Ltd., NIPPON PAPER INDUSTRIES CO., LTD, Daicel Corporation, Ashland., Amar Cellulose Industries, Patel Industries, SINOCMC CHEMICAL CO., LTD, and others.
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https://www.researchnester.com/reports/carboxymethyl-cellulose-market/5100