Carboxymethyl Cellulose (Cmc) Market 2024-2028: Size and Stringent regulations in the textile industry; growth driven by the Application, Some of key Companies Positioned Strategically
The carboxymethyl cellulose (cmc) market size by Application (Food and beverages, Pharmaceutical and cosmetics, Oil and gas, Paper, and Others), Grade Type (Highly purified, Technical grade, and Industrial grade), and Geography (APAC, North America, Europe, Middle East and Africa, and South America), is forecast to increase by USD 526 million. The market is expected to grow at a CAGR of almost 5.54% between 2024 and 2028.
- In the textile industry, stringent regulations and safety standards imposed by government authorities pose significant challenges to market growth, particularly in the carboxymethyl cellulose (CMC) segment. For instance, the EU's Textile Regulation (EU) No 1007/2011 mandates fiber name labeling and marking of fiber composition for textile products, which all member countries must adhere to. Compliance with such regulations adds to the operational costs and complexities for textile businesses. Additionally, other regulatory bodies in various regions impose similar regulations, increasing the need for continuous adaptation and compliance. The textile industry's commitment to consumer safety and well-being necessitates adherence to these regulations, ultimately shaping the market dynamics for CMC and other textile segments.
- 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.
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Some of the Key Companies:
- 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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