Global Carboxymethylcellulose (CMC) Market: Snapshot
CMC is utilized in the form of rheology controller and as a viscosifier in oil drilling fluids industry. As a result, increasing oil exploration all over the world is expected to contribute in the surged demand for carboxymethyl in the coming years. Nevertheless, the demand regarding CMC is not only in the mentioned sectors, but the applications of CMC are increasing in mining activities, iron ore, and personal care industry. Resultantly, due to rising applications the requirement for CMC is as nwell foreseen to grow in the forecast period.
The global carboxymethyl cellulose market is classified as per the end users. It is segmented as oil drilling fluids, personal care, food and beverages, paints and adhesives, paper processing, and others (such as industrial detergents, mining, and so on). Among these, food and beverages sector accounted for the major share of revenue in the global carboxymethyl cellulose market. Additionally, the demands for carboxymethyl cellulose is likely to increase in the personal care sector owing to its rising usage in it. In coming times, the mining sector and mechanical cleansers are foreseen to provide interesting offers for the players in CMC. Increasing contribution via paint and adhesive sector is estimated to fuel the demand regarding the carboxymethyl cellulose in the forthcoming years.
Global Carboxymethylcellulose (CMC) Market: Trends and Opportunities
The global carboxymethyl cellulose market is projected to grow at a healthy growth rate with the increasing demand for gluten-free and low-fat frozen desserts. Carboxymethyl cellulose (CMC) helps in reducing fat content from food; it is also used extensively as a stabilizer, rheology controller, thickener, and water binder. Moreover, increasing use of CMC due to its superior performance and low cost in food and beverages industry is likely to boost the market growth in coming years.
Increasing risks of finding the alternative for CMC is being expected to be a major hindrance in the global market of carboxymethyl cellulose in the coming few years. Some varieties of cellulose ethers in the market that have lower price, have the properties that are same as CMC and is replaceable in a various applications. Possible carboxymethyl cellulose options include: other hydrocolloids: xanthum, pectin, guar gum, carrageenan and microcrystalline cellulose, ethyl cellulose, microcrystalline cellulose, etc.
Global Carboxymethylcellulose (CMC) Market: Regional Analysis
Geographically, Asia Pacific held significant offers in the worldwide market in 2012. The expanding sustenance and refreshments industry in Asia Pacific is the central point for the development of the carboxymethyl cellulose in the locale. The rising oil investigation in the locale will likewise help the interest for CMC. The sustenance and refreshment industry is extending in Asia Pacific, consequently, expanding open doors for the worldwide carboxymethyl cellulose market. In addition, developing interest from the nourishment and drink segment will fuel request from the CMC market in the Middle East and Latin America in future.
Global Carboxymethylcellulose (CMC) Market: Competitive Landscape
The major key players operating in the global carboxymethyl cellulose market include SINOCMC Co., Ltd., Lamberti S.p.A, Dow Chemical Company, Akzo Nobel N.V., CP Kelco, and Ashland Inc.