Zion Market Research, the market research group announced the analysis report titled ‘Carboxymethyl Cellulose Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Carboxymethyl Cellulose Market: Overview
Carboxymethylcellulose, also known as cellulose gum, is a derivative of cellulose. Its chain contains a carboxymethyl group. Carboxymethyl cellulose is odorless, chemically stable, tasteless substance, and physiologically inert. It is harmless to the environment and health. It has various characteristics that are non-toxic nature, hypoallergenic, and high viscosity. The raw materials utilized for carboxymethyl cellulose manufacturing include caustic soda, mono chloroacetic acid, and plant-derived cellulose. It is extensively used as a stabilizer, dispersant, binder, and thickener and in numerous of applications, including oil & gas, pharmaceutical & cosmetics, paper processing, detergents, food and beverages, and others.
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Global Carboxymethyl Cellulose Market: Growth Factors
The key factors contributing in propelling the carboxymethyl cellulose market include the rise in the number of processed food industry, the rising oil exploration activities, and growing pharmaceutical & cosmetics production. However, the strict government regulations and the accessibility of eco-friendly alternates of carboxymethyl cellulose are expected to hinder the growth of the market.
Global Carboxymethyl Cellulose Market: Segmentation
The global carboxymethyl cellulose market can be segmented based on application and region. The application segment of the market is divided into pharmaceutical & cosmetics, paper, detergents, food & beverages, oil & gas, and others. The others segment of the carboxymethyl cellulose market is sub-segmented into textiles processing, paints, mining, construction, adhesives, and ceramics. The food & beverages segment of the market is expected to dominate the market owing to the rising demand for low-fat and ready-to-eat food. Geographically, the global market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Carboxymethyl Cellulose Market: Regional Analysis
Asia Pacific is anticipated to be the dominating region in the global carboxymethyl market. The Asia Pacific region is experiencing a rapid growth among the food & beverages industries, which In turn, is contributing to boosting the growth of carboxymethyl cellulose market. Besides this, the growing oil search in this region is increasing the demand for carboxymethyl cellulose. Europe is expected to grow at a fast pace in the market in the coming period. Latin America and the Middle East region are also assumed to grow in the market owing to the rising demand from the food & beverages segment. North America is also anticipated to grow at a higher rate in the carboxymethyl cellulose market in the near future.
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Global Carboxymethyl Cellulose Market: Competitive Players
The prominent key players in the global carboxymethyl cellulose market include CP Kelco U.S., Inc., Química Amtex S.A. De C.V, Akzo Nobel N.V., Ugur Seluloz Kimya A.S, Shanghai ShenGuang Edible Chemicals Co. Ltd., and the Dow Chemical Company. The other key players in the market include DKS Co. Ltd., Daicel Corporation, Nippon Paper Industries Co. Ltd, Lamberti S.P.A, Dai-Ichi Kogyo Seiyaku Co. Ltd., Anqiu Eagle Cellulose Co., Ltd., Samsung Fine Chemicals Co. Ltd., and Ashland Inc.
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