Global Carboxymethyl Cellulose Market 2017-2021
About Carboxymethyl Cellulose
CMC is one of the most important derivatives of cellulose ether, which is known for thickening, binding, and stabilizing. It is used to avoid the formation of ice crystals, and prevents layering of beverages. It is also used to enhance the taste of food and beverages. CMC is used for its properties in various applications such as food and beverages, pharmaceuticals, cosmetics, oil and gas, paints and detergents., It is used in drilling muds in the oil and gas industry. There is an increasing demand for CMC with the growth in the oil and gas industry. It is preferred by manufacturers as it is cost-effective and helps in the reduction of cost of end-products.
Technavio’s analysts forecast the global carboxymethyl cellulose market to grow at a CAGR of 4.87% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global carboxymethyl cellulose market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Carboxymethyl Cellulose Market 2017-2021
Technavio recognizes the following companies as the key players in the global carboxymethyl cellulose market: Akzo Nobel, CP Kelco, Daicel, NIPPON PAPER INDUSTRIES, and The Dow Chemical.
Other Prominent Vendors in the market are: Ashland, DKS, Química Amtex, EC21, Shanghai Shenguang, Edible Chemicals, and UGUR SELULOZ KIMYA.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for packed food and beverages. With the emergence of new business models that are expected to transform the entire food retail scenario, the demand for processed food and beverages is expected to increase. In addition, the busy lifestyle has resulted in the growth of the ready meals market. It is expected that the global market for ready meals and beverages is expected to grow at a CAGR of around 5% in the forecast period. CMC has its major applications in the food industry, especially in processed and ready-to-eat food products, to improve the thickness and reduce the amount of fatty ingredients. Therefore, the demand for CMC is expected to increase with the increase in the demand for processed food.”
According to the report, one of the major drivers for this market is Cost-effective factor of CMC. CMC is a cellulose derivative, produced by the catalyzed reaction of cellulose and chloroacetic acid. It is mainly used as a thickener in various applications such as food and beverages, pharmaceuticals, cosmetics, paper making, and detergents. CMC is a more cost-effective and high-performance derivative compared to other cellulose derivatives such as HPC and HEC, and other synthetic stabilizers and thickening agents that are used in pharmaceuticals, paper industries, and other applications.
Further, the report states that one of the major factors hindering the growth of this market is Low resistance to water and insect. CMC is odorless, tasteless, non-toxic, and soluble in cold water or hot water. Simultaneously, it exhibits higher water absorption, which is a disadvantage for particle boards as they lose their stability with the increasing absorption of water. In addition, CMC exhibits low resistance to insects, rots, and light, which negatively impacts the overall performance of the CMC. This poses challenges to the growth of the CMC market since manufacturers are refraining from using CMC.
Akzo Nobel, CP Kelco, Daicel, NIPPON PAPER INDUSTRIES, The Dow Chemical, Ashland, DKS, Química Amtex, EC21, Shanghai Shenguang, Edible Chemicals, and UGUR SELULOZ KIMYA.