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Carboxymethyl Cellulose Market to Reach Value of US$ 1.85 Bn by 2031: TMR Study

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News provided by

Transparency Market Research

11 Jul, 2022, 13:30 GMT

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  • Use of agriculture waste-derived carboxymethyl cellulose (CMC) in sustainable packaging to generate substantial revenue growth; characterization of CMC products to expand horizon in carboxymethyl cellulose market
  • Wide range of applications in several industries spurring R&D in high-purity CMC products, increasingly in paper, textile, coatings, and ceramics engineering; demand to rise in food & pharmaceutical industries

WILMINGTON, Del., July 11, 2022 /PRNewswire/ -- Wide range of carboxymethyl cellulose uses notably in packaging and personal care products has propelled sales of products in carboxymethyl cellulose market. The growing use of high-purity grades of carboxymethyl cellulose in food and pharmaceutical industries will increase the market share for carboxymethyl cellulose in cellulose derivatives. The carboxymethyl cellulose market is projected to reach US$ 1.85 Bn by 2031, finds a TMR study. Utilization in several food & beverage (F&B) applications has generated abundant opportunities.

Advancements in characterization of various CMC products help boost the carboxymethyl cellulose market size. Of note, use of scanning electron microscopic (SEM) analysis techniques has extended the horizon for chemical companies in the carboxymethyl cellulose market who are keenly exploring new application areas. Carboxymethyl cellulose market suppliers are increasingly focusing on lowering the cost of synthesis, particularly to target applications in paper and textiles industries.

The rising sales of range of personal care products in developed and developing regions is likely to spur carboxymethyl cellulose uses, notably for eye-shadow blushers, eyeliners, toothpastes, and shampoos. Of note, need for novel toothpaste formulations has expanded the avenue in the carboxymethyl cellulose market. In recent times, a spate of studies on utilizing waste materials as a resource for production of CMC has extended the canvas for firms looking for new revenue streams. Enormous demand for CMC in various applications in the F&B industry for improving the texture and mouthfeel of food ingredients.

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Key Findings of Carboxymethyl Cellulose Market Study

  • Characterization of CMC Products Key to Expanding Lucrative Avenues: Rise in demand for high-purity and high-performance CMC products has spurred new techniques for characterization of CMC. The carboxymethyl cellulose market size has been increasingly amplified by the utilization of high-purity CMC products in the cosmetics and dental applications. Of note, suppliers and manufacturers in the market are benefitting from ongoing R&D on CMC characterization using thermo-gravimetric analysis (TGA) and FTIR. A spate of studies on the characteristics of CMC has broadened the range of applications in carboxymethyl cellulose market. Abundance of low-cost raw materials has helped bolster the profitability of firms in the carboxymethyl cellulose market. Biomedical applications such as in drug delivery and tissue engineering underpin value-grab opportunities in the near future.
  • Growing Use in Personal Care Products to Generate Sizable Revenues: The market has witnessed commercialization of products from the utilization in wide array of personal care and cosmetics products including hair care products, hair grooming aids, and shampoos. Aside from this, the use of CMC in packaging sector is expected to rise in coming years. Of note, agriculture waste-derived carboxymethyl cellulose holds remarkable revenue potential for companies in the carboxymethyl cellulose market.

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Carboxymethyl Cellulose Market: Key Drivers

  • Strides made by personal care industry in developing economies has accelerated the growth prospects of firms in the carboxymethyl cellulose market.
  • Growing trend of using by-products as raw materials for sustainable packaging has been driving new growth opportunities for market players. In this regard, the biodegradability and low toxicity of CMC products are benefits that will open up new frontiers in the carboxymethyl cellulose market.

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Carboxymethyl Cellulose Market: Key Players

Some of the well-entrenched players in the carboxymethyl cellulose market are Quimica Amtex S.A De C.V., Dai-Ichi Kogyo Seiyaku Co., Ltd., Daicel Corporation, Jining Fortune Biotech Co., Ltd., Ashland Inc., CP Kelco, DuPont de Nemours, Inc., and Nouryon Chemicals Holding B.V.

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Carboxymethyl Cellulose Market Segmentation

  • Grade
    • High Purity
    • Industrial
    • Technical
  • Application
    • Food & Beverages
    • Oilfield
    • Paper & Pulp
    • Detergents
    • Paints & Adhesives
    • Pharmaceutical & Cosmetics
    • Others

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Portugal
  • Russia & CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Browse More Chemicals & Materials Reports by TMR:

Butyric Acid Derivatives Market - Butyric Acid Derivatives Market is likely to register a CAGR of 7.2% during the forecast period and is anticipated to reach a butyric acid derivatives market share of US$ 1.4 Bn by 2031

Naphthenic Base Oil Market - Naphthenic Base Oil Market is likely to register a CAGR of 3.9% during the forecast period and is anticipated to reach a naphthenic base oil market share of US$ 3.6 Bn by 2031

Silicone Rubber Market - Silicone Rubber Market is likely to register a CAGR of 5.52% during the forecast period and is anticipated to reach a silicone rubber market share of US$ 2.6 Bn by 2031

Soft Magnetic Composite Market - Soft Magnetic Composite Market is likely to register a CAGR of 7.2% during the forecast period and is anticipated to reach a soft magnetic composite market share of US$ 9.8 Bn by 2031

Glass Reinforced Epoxy (GRE) Pipes Market - Glass Reinforced Epoxy (GRE) Pipes Market is likely to register a CAGR of 4.8% during the forecast period and is anticipated to reach a glass reinforced epoxy (GRE) pipes market share of US$ 2.9 Bn by 2031

U.S. Antimicrobial Plastics Market - U.S. Antimicrobial Plastics Market is likely to register a CAGR of 5.5% during the forecast period and is anticipated to reach a U.S. antimicrobial plastics market share of US$ 1.8 Bn by 2031

Polyurethane (PU) Dispersions (Aqueous and Solvent) Market - Polyurethane (PU) Dispersions (Aqueous and Solvent) Market is likely to register a CAGR of 5.5% during the forecast period and is anticipated to reach a polyurethane (pu) dispersions (aqueous and solvent) market share of 779.3 Kilo Tons by 2031

EVA Resins & Films Market - EVA Resins & Films Market is likely to register a CAGR of 5% during the forecast period and is anticipated to reach a EVA resins & films market share of US$ 7.4 Bn by 2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

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