Global Carboxymethyl Cellulose
Market Report
2024
carboxymethyl cellulose market was valued at USD 1.80 billion in 2022 and is projected to reach USD 2.56 billion by 2030, registering a CAGR of 4.5 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global carboxymethyl cellulose market was valued at USD 1.80 billion in 2022 and is projected to reach USD 2.56 billion by 2030, registering a CAGR of 4.5 % for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Carboxymethyl Cellulose Market Sales Revenue 2020 | $ 1546.06 Million |
Global Carboxymethyl Cellulose Market Sales Revenue 2030 | $ 2194.67 Million |
Global Carboxymethyl Cellulose Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.97% |
Market Split by Purity Level |
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Market Split by Application |
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Market Split by Property |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Carboxymethyl Cellulose Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Carboxymethyl cellulose (CMC), also known as cellulose gum or sodium carboxymethyl cellulose, is a versatile and widely used derivative of cellulose. Cellulose is a natural polymer found in the cell walls of plants, providing structural support. CMC is produced by chemically modifying cellulose through the introduction of carboxymethyl groups. Carboxymethyl cellulose finds extensive application in various industries due to its unique properties, such as thickening and stabilizing agents, water retention, film-forming properties, suspension and emulsion stabilization, binding and adhesive properties, biodegradability, and safety.
The growing demand for food and beverages is a significant driving factor for the carboxymethyl cellulose market. In 2023 in the US, the revenue in the food market amounts to US $1,008 billion and is expected to grow annually by 3.72%. carboxymethyl cellulose is widely used as a stabilizer and thickener in the food industry. It improves the texture, consistency, and shelf life of various food products such as sauces, dressings, baked goods, dairy products, and desserts. The increasing demand for processed and convenience foods, including ready-to-eat meals and packaged food items, necessitates the use of stabilizers like CMC to maintain product quality and stability. CMC is effective in stabilizing emulsions and suspensions in food and beverage formulations. Additionally, carboxymethyl cellulose is frequently used as a gluten-free alternative in food products, particularly in gluten-free baked goods and pastries. CMC is also employed in various low-fat and low-calorie food products to enhance their texture and mouthfeel. Overall, the growing demand for food and beverages, particularly processed and convenience foods, drive the carboxymethyl cellulose market by creating a need for stabilizers, thickeners, emulsion stabilizers, and texture enhancers in various food applications.
Rising awareness of personal care products raises the demand for various products such as creams, lotions, toothpaste, hair care formulation, and many more, leading to a surge in the carboxymethyl cellulose market. According to Euromonitor International’s latest research, in 2021, the sale of personal care and beauty products in China rose by 10% from the preceding year. CMC is widely used as a thickening and stabilizing agent. It helps improve the texture, viscosity, and stability of various formulations such as creams, gels, lotions, shampoos, and conditioners. It is also used in moisturizers, serums, mascara, face wash, and many cosmetic products acting as binders, gelatinizers, humectants, dispersion, film formers, and many more. Thus, due to the increasing demand from the population, the wide application of CMC in personal care products is booming the carboxymethyl cellulose market.
Volatility in war material prices declines the market growth of the carboxymethyl cellulose market. Carboxymethyl cellulose is primarily derived from cellulose, which is obtained from the sources like wood pulp or cotton. Fluctuations in the prices of these raw materials can significantly impact the production costs of the CMC. When the prices of raw materials increase, it can lead to higher production costs for CMC manufacturers. This, in turn, may result in increased processes for CMC products, making them less competitive in the market and potentially reducing demand. Also, unavailability of raw materials can lead to less production of the CMC hindering the growth of the carboxymethyl cellulose market.
Covid-19 had a significant impact on the carboxymethyl cellulose market. The global lockdowns and restrictions imposed to control the spread of the virus resulted in a disturbance in the supply chain of raw materials required for the production of CMC. The pandemic caused a decline in overall industrial and commercial activities, affecting the demand for CMC. Industries such as textiles, food and beverages, pharmaceuticals, and personal care, which are major consumers of CMC, experienced a slowdown in production and consumption. This led to reduced demand for CMC-based products. Also, fluctuations in raw material prices, transportation costs, and currency exchange rates affected the pricing of CMC products.
As vaccination efforts progressed and economies gradually reopened, the demand for CMC began to recover; Industries started resuming their operations, increasing demand for CMC in applications such as food stabilizers, pharmaceutical formulations, and drilling fluids.
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Nouryon’s acquisition of the carboxymethyl cellulose business of J.M. Huber Corporation is benefiting Nouryon in expanding its product portfolio in CMC which is a sustainable, bio-based water-soluble polymer utilized as a film former, stabilizer, binder, and thickener. The company has superior complementary positions in end markets of CMC such as personal care, food, pharmaceuticals, mining, packaging, and paper.
Top Companies Market Share in Carboxymethyl Cellulose Industry: (In no particular order of Rank)
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Global Carboxymethyl Cellulose Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Carboxymethyl Cellulose Industry growth. Carboxymethyl Cellulose market has been segmented with the help of its Purity Level, Application Property, and others. Carboxymethyl Cellulose market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on purity level, the carboxymethyl cellulose market is segmented into technical grade, industrial grade, and highly purified.
In 2022, the highly purified carboxymethylcellulose segment accounted for the largest market share in terms of revenue:
The highly purified carboxymethyl cellulose segment dominated the market in 2022 and is anticipated to retain its dominance in the coming years. This dominance is attributed to the wide use of highly purified carboxymethyl cellulose in the food industry as a food additive and thickening agent, and application in improving texture, stability, and viscosity in various food products such as bakery and dairy products. Highly purified CMC is also used as an excipient, binder, disintegrant, and stabilizer in tablet formulations and improved drug dissolution. Also, the increasing use of highly purified CMC in personal care, cosmetics, the oil and gas industry, and other industries is boosting the segmental growth of the market.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carboxymethyl Cellulose Industry. Request a Free Sample PDF!
The market is bifurcated by application into cosmetics & personal care, oil & refining, food & beverages, pharmaceutical, paper coating & household care, paint & textile, and others.
The food and beverages segment dominated the market in 2022. The increasing food and beverage industry due to the demand of the population for various food products is leading to the segmental growth of the market. In the food and beverage industry carboxymethyl cellulose is used as a stabilizer, thickening agent, binder, excipient, and disintegrant in various food products such as sauces, desserts, and dairy products. Also, the increasing use of CMC as gluten-free alternative food products and applications in low-fat food to enhance mouth feel is boosting segmental growth.
The pharmaceutical segment is anticipated to witness robust growth over the forecast period. The expanding pharmaceutical industry and wide use of CMC in the pharmaceutical industry as an excipient in medications, binder, disintegrant, and stabilizer in tablet formulations is leading to the growth of the pharmaceutical segment of the carboxymethyl cellulose market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Carboxymethyl Cellulose market report 2024 Edition by contacting our team.
The thickening agent segment dominated the carboxymethyl cellulose market, in 2022:
CMC as a thickening agent is used in various industries. In the food industry, CMC as a thickening agent is used in ice creams, soups, bakery fillings, dressings, gravies, and more. In pharmaceutical products such as oral syrups, and topical gels CMC is used as a thickening agent. In personal care and cosmetic products such as creams, shampoos, lotions, gels, and toothpaste also it is used as a thickener. Also, CMC is used in paints and coatings, adhesives, the textile industry, and detergents as a thickening agent. Thus, the high use of CMC as a thickening agent in various industries is leading to the growth of the segment.
The stabilizer segment is anticipated to grow at a significant rate during the forecast period. The increasing use of CMC as a stabilizer in various industries such as the food industry, pharmaceuticals, paper industry, textile industry, detergents, paints, coatings, and more is directed toward the segment’s high growth in the upcoming years.
In 2022, North America dominated the carboxymethyl cellulose market and gained the largest market share in terms of revenue. This growth is attributed to the advancement in urbanization, availability of leading manufacturers, more oil drilling regions, and thus huge oil reserves demanding thickening additives on oilfield chemicals, and rising awareness regarding the gluten-free products is surging the carboxymethyl cellulose market in this region.
Asia Pacific's carboxymethyl cellulose market is projected to witness the fastest growth over the forecast period, from 2023 to 2030. The major factors for growth in this region are the large manufacturing base for crude oil, and the rising demand for convenient and processed food products is anticipated to hike the carboxymethyl cellulose market in this region.
The current report Scope analyzes Carboxymethyl Cellulose Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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The Global Carboxymethyl Cellulose Market is witnessing significant growth in the near future.
In 2023, the Technical grade segment accounted for noticeable share of global Carboxymethyl Cellulose Market and is projected to experience significant growth in the near future.
The Cosmetics & Personal Care segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Ashland Global Holdings Inc , DKS Co. Ltd and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Purity Level | Technical grade, Industrial grade, and highly purified |
Application | Cosmetics & Personal Care, Oil & Refining, Food & Beverages, Pharmaceutical, Paper Coating & Household Care, Paint & Textile, Others |
Property | Excipient, Emulsifier, Stabilizer, Anti-Repository Agent, Binder, Lubricator, Thickening Agent |
List of Competitors | Ashland Global Holdings Inc, Zibo Hailan Chemical Co. Ltd, DKS Co. Ltd, Mikro-Technik GmbH & Company KG, Changzhou Science & Technology Co., Chongqing Lihong Fine Chemicals Co. Ltd |
This chapter will help you gain GLOBAL Market Analysis of Carboxymethyl Cellulose. Further deep in this chapter, you will be able to review Global Carboxymethyl Cellulose Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Carboxymethyl Cellulose Market Trends North America Carboxymethyl Cellulose Technological Road Map North America Carboxymethyl Cellulose Market Drivers North America Carboxymethyl Cellulose Market Restraints North America Carboxymethyl Cellulose Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Purity Level Analysis 2019 -2031, will provide market size split by Purity Level. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Purity Level Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Property Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Carboxymethyl Cellulose market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Technical grade have a significant impact on Carboxymethyl Cellulose market? |
What are the key factors affecting the Technical grade and Industrial grade of Carboxymethyl Cellulose Market? |
What is the CAGR/Growth Rate of Cosmetics & Personal Care during the forecast period? |
By type, which segment accounted for largest share of the global Carboxymethyl Cellulose Market? |
Which region is expected to dominate the global Carboxymethyl Cellulose Market within the forecast period? |
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