Overview:
Carboxymethyl cellulose (CMC) is a major constituent of non-consumable food items such as toothpaste, diet pills, and laxatives. Moreover, water-based paints, reusable heat packs, detergents, and paper processing require substantial amounts of carboxymethyl cellulose. CMC or cellulose gum is a cellulose derivative with carboxymethyl groups attached to the hydroxyl groups of glucopyranose monomers. The product is generally used as its sodium salt. The major applications of CMC are in paper processing, cosmetics, food & beverage, and personal care, among others. In the foods & beverage industry, CMC is mainly used as a viscosity modifier, thickener, and emulsifier. The product is also used in fat-free food products.
By application, the market has been categorized into, food & beverage, cosmetics and personal care, pharmaceuticals, paper processing, oil & gas, paints and coatings, detergents, and others. The food & beverage segment is expected to be the largest. The product is widely used in making ice cream, baked goods, and chewing gum to improve the flavor, texture, and quality of the product. Furthermore, surging demand for processed food is likely to boost the growth of the carboxymethyl cellulose market during the forecast period from 2018 to 2023.
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Regional Analysis:
The Carboxymethyl Cellulose Market has been divided into five main regions across the world namely; Latin America, North America, Europe, Asia-Pacific, and the Middle East & Africa.
The North American market was the second-largest in terms of market size, with the US as the largest market in the region. This can be attributed to the high demand for CMC from the growing food & beverage and chemicals industries.
Asia-Pacific was the dominant carboxymethyl cellulose market with more than a 40% share in 2017. This can primarily be attributed to the growing demand from the well-established pharmaceutical and personal care industries in this region. Favorable government policies pertaining to food processing is likely to boost the growth of the market in this region. The major markets in this region are India, Japan, South Korea, and China on account of the presence of major end-use industries.
Key Vendors:
The leading players in the Global Carboxymethyl Cellulose Market are; NIPPON PAPER INDUSTRIES CO. LTD. (Japan), The Dow Chemical Company (US), Akzo Nobel N.V. (Netherlands), CP Kelco (US), DAICEL FINECHEM LTD. (Japan), Ashland (US), QuĂmica Amtex, S.A. De C.V. (Mexico), DKS Co. Ltd. (Japan), Lamberti S.p.A. (Italy), and QINGDAO SINOCMC CHEMICAL CO. LTD. (China).
Segmentation:
The Carboxymethyl Cellulose Market is segmented on the basis of application, and region.
On the basis of application, the market has been divided into paints & adhesives, paper processing, cosmetics and personal care, food & beverage, oil & gas, pharmaceuticals, and soaps & detergents.
Basis of regions, Europe, Latin America, Asia-Pacific, North America, and the Middle East & Africa.
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