Carboxymethyl Cellulose Market by Geography and Application — Forecast and Analysis 2020–2024
The carboxymethyl cellulose market size has the potential to grow by USD 452.07 million during 2020–2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by geography (APAC, North America, Europe, MEA, and South America) and application (food and beverages, pharmaceutical and cosmetics, oil and gas, paper, detergents, and others). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Akzo Nobel NV, Allwyn Chem Industries, Ashland Global Holdings Inc., Barzaghi Srl, Daicel Corp., DKS Co. Ltd., J.M. HUBER Corp., K.A.Malle Pharmaceuticals Ltd., Nippon Paper Industries Co. Ltd., and The Dow Chemical Co.
The rising awareness about the consumption of healthy and processed food items will be one of the primary factors driving the market growth. CMC cellulose helps in extending the solubility of proteins to a certain pH level. Manufacturers are extensively using CMC over egg protein and skimmed milk to prepare cakes by mixing it with whey protein concentrates. This, in turn, minimizes the concentration of fat in various food products, especially in bakery products such as pastries and biscuits. Additionally, manufacturers use CMC to avoid the addition of fat in various healthy nutrition bars and processed food. This is increasing the adoption of CMC and sodium carboxymethyl cellulose as a low-fat ingredient.
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The increasing demand for pharmaceutical specialty drugs is one of the vital carboxymethyl cellulose market trends. The Food and Drug Association (FDA) has approved the application of CMC in pharmaceuticals as a disintegrate. This enhances the effect of the tablet by improving its dissolving capacity. CMC is offered as a disintegrate in various forms of salt, such as sodium and calcium. Such factors will drive carboxymethyl cellulose market growth at a CAGR of almost 6% by 2024.
