Carboxymethyl Cellulose (CMC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Carboxymethyl Cellulose (CMC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4869
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Market Overview:

The global carboxymethyl cellulose (CMC) market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Carboxymethyl cellulose (CMC), or cellulose gum, refers to the sodium salt derivative of cellulose. It is physiologically inert, chemically stable, odorless, tasteless and white in color. CMC is manufactured using plant-based cellulose, caustic soda and monochloroacetic acid. It is produced by processing alkali cellulose with monochloroacetic acid (MCA) in the presence of a catalyst. CMC exhibits various advantageous thickening and emulsifying properties and is used as an adhesive agent in paper boxes and mosquito coils. It is also utilized as a thickener, stabilizer, binder and dispersant in cosmetics, medicinal drugs, oil drilling fluids and detergents. As a result, it finds extensive applications across various industries, including food and beverage, mining, chemical, oil and gas and paper.

Carboxymethyl Cellulose (CMC) Market Trends:

Significant growth in the cosmetics industry across the globe is one of the key factors driving the growth of the market. CMC is widely used in cosmetic formulations of creams, lotions, shampoos, face creams and moisturizers as a binding, thickening and stabilizing agent. It is also added to toothpaste to impart a smooth texture and enhance salt tolerance and acid resistance. Moreover, the increasing product adoption in the food and beverage industry is providing a thrust to the market growth. CMC is utilized in the manufacturing of ready-to-eat (RTE), processed and bakery products and reducing fat levels from gluten-free products and frozen desserts. Additionally, the increasing demand of CMC for the manufacturing of oral, injectable, ophthalmic and topical pharmaceutical formulations is also contributing to the growth of the market. Other factors, including the rising consumer preference for natural and organically sourced personal care products, along with the widespread product adoption for separating and concentrating ores in mineral processing, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global carboxymethyl cellulose (CMC) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on purity level, property and application.

Breakup by Purity Level:

  • Highly Purified 
  • Technical Grade 
  • Industrial Grade
     

Breakup by Property:

  • Thickening Agent
  • Stabilizer
  • Binder
  • Anti-Repository Agent 
  • Lubricator 
  • Emulsifier
  • Excipient
     

Breakup by Application:

  • Food and Beverages
  • Oil and Refining
  • Pharmaceutical
  • Paint and Textile
  • Cosmetics and Personal Care 
  • Paper Coating and Household Care 
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ashland Global Specialty Chemicals Inc, Cellulose Solution Private Limited, Chongqing Lihong Fine Chemicals Co. Ltd., Daicel Corporation, DKS Co. Ltd, J.M. Huber Corporation, Lamberti S.p.A., Madhu Hydrocolloids Private Limited, Mikro-Technik GmbH & Company KG, Nippon Paper Industries Co. Ltd., Qingdao Sinocmc Chemical Co. Ltd., TCI Chemicals (India) Pvt. Ltd. and Zibo Hailan Chemical Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Purity Level, Property, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Ashland Global Specialty Chemicals Inc, Cellulose Solution Private Limited, Chongqing Lihong Fine Chemicals Co. Ltd., Daicel Corporation, DKS Co. Ltd, J.M. Huber Corporation, Lamberti S.p.A., Madhu Hydrocolloids Private Limited, Mikro-Technik GmbH & Company KG, Nippon Paper Industries Co. Ltd., Qingdao Sinocmc Chemical Co. Ltd., TCI Chemicals (India) Pvt. Ltd. and Zibo Hailan Chemical Co. Ltd.
Customization Scope 10% Free Customization
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Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Carboxymethyl Cellulose (CMC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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