The global carboxymethyl cellulose market is currently valued at approximately US$ 1,835.10 Mn in 2022 and is expected to grow at a 4.8% CAGR between 2022 and 2032, reaching a valuation of US$ 2,932.7 Mn by 2032. The growing demand for carboxymethyl cellulose from the food, paints, coatings, paper & pulp, construction, and textile industries is driving market growth.

Global Market for Carboxymethyl Cellulose (CMC): Growth Influencing Aspects

The demand for carboxymethyl cellulose has increased on a global scale due to a number of variables. The development of new products, economic expansion, rapid industrial growth, merger activities in the petrochemical industry, rising adoption of carboxymethyl cellulose in various applications, rising demand for carboxymethyl cellulose in the personal care and food and beverage industries, increasing focus on lowering production costs, and technological advancements are just a few of the factors driving upstream exploration for unconventional energy sources. However, the high cost of cosmetics, the drop in oil prices, and gas industry, increasing competition among local manufacturers, and stringent environmental regulations are expected to hamper market revenue growth during the forecast period.

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Global Market for Carboxymethyl Cellulose (CMC): Segmental Snapshot

The global carboxymethyl cellulose market is segmented on the basis of grade type, application and region.

  • By grade type, high purity segment is estimated to be the largest with a high market share. This is a highly potential segment from both revenue and growth perspectives. It is projected to grow at a CAGR of 5.5% during the forecast period.
  • By application, food and beverages segment followed by detergent segment are expected to highly contribute to the growth of the global market. The food and beverages segment is projected to grow at the fastest pace in the coming years.
  • By region, the carboxymethyl cellulose market in Asia Pacific excluding Japan (APEJ) is estimated to grow at a high CAGR to reach a significant valuation during the assessment period.

Global Market for Carboxymethyl Cellulose (CMC): Competitive Landscape

The research report on the carboxymethyl cellulose market includes competition analysis. Several aspects such as SWOT analysis, product portfolio analysis, mergers and acquisitions, growth strategies, key developments, key personnel, company overview, key financials and expansion plans of the top companies are covered in this chapter. Major companies such as CP Kelco, The Dow Chemical Company, Ashland Global Holding Inc., Anqiu Eagle Cellulose Co., Ltd., Wealthy Chemical Industry (Suzhou) Co., Ltd., Shanghai Shenguang Edible Chemicals Co., Ltd., Akzo Nobel N.V., Nippon Paper Industries Co., Ltd., Lamberti S.p.A, Xuzhou Liyuan cellulose Technology Co. Ltd., Daicel Finechem Ltd., Química Amtex, S.A. de C.V., DKS Co. Ltd., Ugur Seluloz Kimya AS, Mikro Technik GmbH and Patel Industries are featured in this research report.

Global Market for Carboxymethyl Cellulose (CMC): Forecast Highlights

The research report on the carboxymethyl cellulose market reflects future market projections describing the growth direction of the market. The global carboxymethyl cellulose market is projected to grow at a high CAGR of 5.2% throughout the period of assessment and is estimated to reach a valuation of more than US$ 2 Bn by the end of the year of assessment from a value of around US$ 1.4 Bn in 2017.

A detailed market segmentation

By Application

  • Food and Beverage
  • Detergent
  • Paper and Pulp
  • Oil Field Drilling Fluid
  • Cosmetic and Pharmaceutical
  • Paint and Coating
  • Others (Construction, Mining, Textile etc.)

By Grade

  • High Purity Grade (99.5% +)
  • Technical Grade (90%-99.5%)
  • Industrial Grade (50%-90%)

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)