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The global Carboxymethyl Cellulose (CMC) market was valued at US$ 1.8 Billion in 2022.
We expect the global Carboxymethyl Cellulose (CMC) market to exhibit a CAGR of 4% during 2023-2028.
The rising demand of carboxymethyl cellulose to manufacture ready-to-eat (RTE), processed, and bakery products and reduce fat levels from frozen desserts and gluten-free items is primarily driving the global carboxymethyl cellulose (CMC) market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in a temporary halt in numerous production activities for carboxymethyl cellulose.
Based on the purity level, the global Carboxymethyl Cellulose (CMC) market can be segmented into highly purified, technical grade, and industrial grade. Currently, highly purified holds the majority of the total market share.
Based on the property, the global Carboxymethyl Cellulose (CMC) market has been divided into thickening agent, stabilizer, binder, anti-repository agent, lubricator, emulsifier, and excipient. Among these, thickening agent currently `exhibits a clear dominance in the market.
Based on the application, the global Carboxymethyl Cellulose (CMC) market can be categorized into food and beverages, oil and refining, pharmaceutical, paint and textile, cosmetics and personal care, paper coating and household care, and others. Currently, the food and beverage sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global Carboxymethyl Cellulose (CMC) market include 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.
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