The global carboxymethyl cellulose market is currently expected to be around US$ 1835.10 million in 2022 and is expected to progress at a constant CAGR of 4.8% between 2022 and 2032 to reach a valuation of USD to be reached 2,932.7 million by 2032.
Increasing demand for carboxymethyl cellulose from the food, paint, coating, paper and pulp, construction and textile industries is a factor , driving the growth of the market.
A new research publication titled “Carboxymethyl Cellulose Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2022-2032)” by Future Market Insights focusses on various market developments, trends, growth drivers and forecasts across important regions. A detailed market segmentation is carried out that explores every angle of the carboxymethyl cellulose (CMC) market.
Several factors have contributed to the growth of the global carboxymethyl cellulose market. Increase in the upstream exploration for unconventional sources of energy, growth in end use industries to fuel demand, new product development, economic growth, high industrial growth and merger activities in the petrochemical sector.
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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.
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