The global carboxymethyl cellulose market is expected to
reach USD 1.86 billion by 2025, according to a new report by Grand View
Research, Inc. The increasing consumption of cosmetics, skin care, hair care,
and other personal care products globally is estimated to drive the market
demand over the years ahead. In addition, the growing rate of adoption among
consumers regarding the use of natural and eco-friendly personal care products
is likely to enhance the consumption of carboxymethyl cellulose (CMC) or
cellulose gum, mainly as a binding and stabilizing agent, in the next couple of
years.
In terms of revenue, the cosmetic & application segment accounted
for an industry share of 14.7% in 2016. Changing lifestyles and improving
disposable income of consumers across various countries in the Asia Pacific
region including India, China, and Malaysia are expected to enhance the growth
of cosmetics and pharmaceutical industries in the next couple of years. Major
cosmetics manufacturers are significantly investing in R&D and focusing on
the implementation of new product branding and other marketing strategies to
accelerate personal care sales across the globe.
CMC is incorporated as a key ingredient in various personal care
products including creams, lotions, shampoos, face creams, and cold creams.
Good binding, thickening, and stabilizing properties are the key attributes of
this product owing to which it is increasingly being used in the processing of
cosmetic formulations. Additionally, it owing to its property to impart
moisture, the product is favorably consumed in the manufacturing of personal
care products such as hair care and skin care goods. The usage of cellulose gum
is not only limited to topical lotions, creams, and shampoos but it is also
incorporated in the manufacturing of toothpaste, as it provides smooth texture,
possesses excellent salt tolerance, and acid resistance.
Full research report on carboxymethyl
cellulose market analysis: http://www.grandviewresearch.com/industry-analysis/carboxymethyl-cellulose-cmc-market
Further key findings from the report suggest:
·
Food & beverage application is
estimated to be one of the fastest growing segments and is likely to expand at
a CAGR of 5.3% over the forecast period. Significant utilization as a
stabilizer and texture enhancer in bakery products is considered to be the
major driving factor for cellulose market.
·
Advancements in the processing and
manufacturing technologies of CMC are likely to provide significant scope for
demand by 2025. The introduction of cellulosic nanofibers for the manufacturing
of CMC is projected to positively impact the industry growth.
·
Asia Pacific held the largest demand in the
cellulose gum market as of 2016. Rapid expansion of food & beverage and
pharmaceutical sectors in the region coupled with the presence of a broad
consumer base is estimated to drive the industry growth by 2025.
·
Akzo Nobel N.V., CP Kelco, Ashland, Inc.,
Daicel FineChem Ltd., and The Dow Chemical Company are the key players that
collectively accounted for more than 30% market share of the global industry in
2016
·
Companies are implementing various
strategies to mainly strengthening their distribution and significantly
investing in research & development in order to enhance their business
growth. Furthermore, Daicel FineChem Ltd. and The Dow Chemical Company are
among the manufacturers that have fully integrated business operations across
the value chain.
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/specialty-and-fine-chemicals
Grand View Research has segmented the global carboxymethyl cellulose
market on the basis of product, livestock, and region:
Application Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
Cosmetics & pharmaceuticals
·
Food & beverages
·
Oil & gas
·
Paper & board
·
Paints & adhesives
·
Detergents
·
Others
Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
o France
o Italy
·
Asia Pacific
o China
·
Central & South America
o Brazil
·
Middle East & Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-carboxymethyl-cellulose-cmc-market
https://www.grandviewresearch.com/press-release/global-carboxymethyl-cellulose-cmc-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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