Cellulose CMC Market to Experience Significant Growth by 2028

A surge in demand for processed foods is a significant factor estimated to stimulate market demand.

The global Cellulose CMC Market is expected to reach USD 2.06 Billion by 2028, according to a new report by Reports and Data. Cellulose gum is extracted from the structural parts of certain plants, mainly trees or cotton. The sources of cellulose gum are cultivated sustainably and processed using a form of acetic acid and salt. Increase in population will cause a rise in the demand for products in food and beverages, pharmaceutical, cosmetics, and chemical sectors. This massive growth in demand amongst end-use industry will raise the consumption of cellulose gum across the globe.

The carboxymethyl cellulose or CMC is used in numerous applications including food and beverages, detergents, textiles, paints, and mining applications among others. Of all the end-users, Food and Beverages industry dominates the global market of cellulose gum. Owing to the growth in population, the food and beverages industry would maintain its dominance in the market.

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Top Lading Players: Ashland Inc., Sidley Chemical Co. Ltd., Daicel Corporation, The DOW Chemical Company, AKZO Nobel N.V., Nippon Paper Industries Co. Ltd., DKS Co. Ltd., Lamberti S.P.A., DKS Co. Ltd., CP Kelco U.S. Inc., and UGUR Seluloz Kimya A.S. among others.

Some Key Highlights from the Report:

Technical grade CMC is used as a component of cleansers, while purified grade is preferred in food beverages, pharmaceuticals, and cosmetics. Carboxymethyl cellulose is essentially used as a rheology modifier, thickening operator, suspending agent, and stabilizer.
Food grade CMC is forecasted to contribute to the largest market share in the forecast period reaching USD 1.11 Billion by 2028 with a growth rate of 4.1% in the forecast period. The purity of food grade CMC is more than 99.5% and is used in food and beverages industry. A rapid increase in the consumption of processed food which can be mainly attributed to the rise in the level of disposable income of people in developing countries is estimated to drive the market growth.
Asia Pacific region is projected to dominate the market growing at a CAGR of 4.2% in the forecast period with over 40% of the total market volume in 2020. This dominance in the market is owing to the considerable consumption of cellulose gum in oil gas, food beverages, pharmaceuticals, and cosmetics industries in the region.

Segments covered in the report:

Grade Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

Industrial Grade
Food Grade

Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

Thickener
Binder
Emulsion Stabilizer
Film Former
Others

End-user Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

Food Beverages
Cosmetics
Pharmaceuticals
Oil Gas
Detergents
Paper
Paints Adhesives
Others

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Regional Outlook:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

What are the dominating factors that are influencing the growth of the industry?
In the forecast period, which market segment is expected to rise the most?
What are the risks and challenges that the industry is facing?
In the coming years, which area is projected to dominate the market?
Who are the major players in the market?
What kind of strategic business plans have they made?

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