Authored By: Sarah
27 Jun 2024

 Carboxymethyl Cellulose (Cmc) Market Size to grow by USD 526 million between 2024-2028

According to a research report “ Carboxymethyl Cellulose (Cmc) Market” by 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)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 526 million, at a CAGR of almost 5.54% during the forecast period. Carboxymethyl cellulose (CMC), a derivative of natural cellulose fibers such as linen, offers various functional benefits in industries. Linen, produced from the plant flax, is globally recognized for its antibacterial properties, enhancing the breathability of textiles and providing functional advantages like anti-allergic properties and superior moisture absorption. The unique structure of linen fabric, with small interstices between threads, provides a gentle massaging effect, promoting relaxation and stimulating blood flow. Additionally, linen fabric exhibits antimicrobial properties, inhibiting the growth of microbes including bacteria, fungi, and others. In the industrial context, CMC derived from linen is utilized extensively due to its excellent thickening, stabilizing, and suspending properties.

Browse market data tables, figures, and in-depth TOC on “Carboxymethyl Cellulose (Cmc) Market” by 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) Global Forecast to 2028. Download Free Sample

 

By Application, the Food and beverages segment is projected to dominate the market size in 2024

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By Grade Type, Highly purified  segment is expected to hold the largest market size for the year 2024

Carboxymethyl cellulose (CMC) is an essential food additive in the production of various food and beverage products. In the food industry, CMC serves multiple functions as a stabilizer, suspending, and thickening agent. Its primary use includes controlling the rheological properties, structure, flavor, and appearance of food and beverages, particularly in preventing protein condensation, sedimentation, and layering in yogurt. CMC's excellent homogeneity offers superior stability in acidic beverages, making it indispensable in the manufacturing process of acid milk drinks. This popular beverage category, characterized by its sweet and sour tastes, is prepared using water, milk or milk powder, yogurt after fermentation and inactivation, an emulsion stabilizer, citric acid, fruity essence, and synthetic pigment. CMC's role in maintaining the product's desired consistency and stability is crucial in delivering a high-quality, consistent consumer experience.

APAC is forecasted to hold the largest market size by region in 2024

The Carboxymethyl Cellulose (CMC) market represents a significant business opportunity due to its extensive applications in various industries. CMC, a derivative of cellulose, is primarily used as a thickener, emulsifier, and stabilizer in food, pharmaceuticals, and industrial applications. Its biodegradable and non-toxic properties make it a preferred choice for eco-conscious businesses. The global CMC market is projected to grow at a steady pace, driven by increasing demand from end-use industries and technological advancements.

The Carboxymethyl Cellulose (Cmc) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • USK Kimya Inc.
.

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Research Analysis Overview

The Carboxymethyl Cellulose (CMC) market is experiencing significant growth in various industries, including cosmetics, medical goods, and generic drugs. In the cosmetics market, CMC is widely used as a thickening agent and a binder in cosmetics and personal care products. In the medical goods sector, it is used in the production of tablets, capsules, and as a stabilizing agent in injectable solutions. The domestic pharmaceutical industry also targets CMC as a key ingredient due to its excellent binding and suspending properties. The retail trade is another major consumer of CMC, using it as a food additive in multicuisine foods and ice cream production. The National Bureau of Statistics reports that expenditure on beauty and personal care products continues to rise, fueling the demand for CMC in the cosmetics industry. Urbanization and the social media trend towards natural and organic products are also driving growth in the market. CMC is also finding increasing use in the pharmaceutical applications of gluten-free products for people with celiac diseases or gluten intolerance. It is used as a stabilizing agent and a binding agent in gluten-free baking. The production of CMC involves the use of raw materials such as cellulose gum, caustic soda, and monochloroacetic acid. The market is expected to remain dominated by the pharmaceutical and food industries due to their large-scale usage. However, movement restrictions and supply chain disruptions due to the pandemic may pose challenges to the food and beverages industry, affecting the overall CMC market growth.

Market Research Overview

Carboxymethyl Cellulose (CMC) is a significant market in the global chemical industry, particularly in developed countries where changing food habits and urbanization have led to increased consumption of processed food, bakery items, frozen desserts, ice creams, dressings and seasonings, drinks, milk products, and personal care products. According to StatCan, the working generation's population in developed countries is projected to grow, leading to a surge in demand for CMC as an emulsifier, stabilizer, and viscosity modifier in various industries. The cosmetics market, medical goods, and generic drugs in the domestic pharmaceutical sector are also lucrative growth areas for CMC. The dominance of CMC in these industries is due to its significant market share and its ability to form soluble complexes and stabilizing properties. The forecast time for the CMC market is promising, with the pharmaceutical sector showing significant growth. However, the availability of substitutes and severe rules in some industries, such as oilfield applications and coatings, may impact the market's growth. The National Bureau of Statistics reports that urbanization, social media, and convenience food adoption have led to a surge in expenditure on multicuisine foods, leading to an increase in CMC production hubs in developing countries. However, movement restrictions due to global lockdowns and severe rules on oil drilling activities may affect the availability of raw materials like petroleum products and crude oil, which are used in the production of CMC from wood pulp and cotton linters. CMC is also used in the production of gluten-free products for people with celiac diseases or gluten intolerance. The movement towards gluten-free baking and the availability of CMC as a substitute for traditional thickeners make it an essential ingredient in this market. In conclusion, the Carboxymethyl Cellulose market is a significant player in various industries, including food and beverages, pharmaceuticals, and personal care products. Its dominance is due to its unique properties as a stabilizing agent, emulsifier, and viscosity modifier. The market's growth is driven by changing food habits, urbanization, and the increasing demand for convenience food. However, the availability of substitutes and raw material availability may impact the market's growth.

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Technavio Research
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Email: media@technavio.com
Website: www.technavio.com/

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