The global Carboxymethyl Cellulose Market is
expected to reach USD 1.86 billion by 2025, according to a new report
by Grand View Research, Inc. The increasing consumption of cosmetics,
skin care, hair care, and other personal care products globally is
estimated to drive the market demand over the years ahead. In addition,
the growing rate of adoption among consumers regarding the use of
natural and eco-friendly personal care products is likely to enhance the
consumption of carboxymethyl cellulose (CMC) or cellulose gum, mainly
as a binding and stabilizing agent, in the next couple of years.
In
terms of revenue, the cosmetic & application segment accounted for
an industry share of 14.7% in 2016. Changing lifestyles and improving
disposable income of consumers across various countries in the Asia
Pacific region including India, China, and Malaysia are expected to
enhance the growth of cosmetics and pharmaceutical industries in the
next couple of years. Major cosmetics manufacturers are significantly
investing in R&D and focusing on the implementation of new product
branding and other marketing strategies to accelerate personal care
sales across the globe.
CMC
is incorporated as a key ingredient in various personal care products
including creams, lotions, shampoos, face creams, and cold creams. Good
binding, thickening, and stabilizing properties are the key attributes
of this product owing to which it is increasingly being used in the
processing of cosmetic formulations. Additionally, it owing to its
property to impart moisture, the product is favorably consumed in the
manufacturing of personal care products such as hair care and skin care
goods. The usage of cellulose gum is not only limited to topical
lotions, creams, and shampoos but it is also incorporated in the
manufacturing of toothpaste, as it provides smooth texture, possesses
excellent salt tolerance, and acid resistance.
To Request for sample copy of this report: http://www.grandviewresearch.com/industry-analysis/carboxymethyl-cellulose-cmc-market
Further key findings from the report suggest:
- Food & beverage application is estimated to be one of the fastest growing segments and is likely to expand at a CAGR of 5.3% over the forecast period. Significant utilization as a stabilizer and texture enhancer in bakery products is considered to be the major driving factor for cellulose market.
- Advancements in the processing and manufacturing technologies of CMC are likely to provide significant scope for demand by 2025. The introduction of cellulosic nanofibers for the manufacturing of CMC is projected to positively impact the industry growth.
- Asia Pacific held the largest demand in the cellulose gum market as of 2016. Rapid expansion of food & beverage and pharmaceutical sectors in the region coupled with the presence of a broad consumer base is estimated to drive the industry growth by 2025.
- Akzo Nobel N.V., CP Kelco, Ashland, Inc., Daicel FineChem Ltd., and The Dow Chemical Company are the key players that collectively accounted for more than 30% market share of the global industry in 2016
- Companies are implementing various strategies to mainly strengthening their distribution and significantly investing in research & development in order to enhance their business growth. Furthermore, Daicel FineChem Ltd. and The Dow Chemical Company are among the manufacturers that have fully integrated business operations across the value chain.
Grand View Research has segmented the global carboxymethyl cellulose market on the basis of product, livestock, and region:
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Cosmetics & pharmaceuticals
- Food & beverages
- Oil & gas
- Paper & board
- Paints & adhesives
- Detergents
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- North America
- US.
- Europe
- Germany
- UK
- France
- Italy
- Asia Pacific
- China
- Central & South America
- Brazil
- Middle East & Africa
Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-carboxymethyl-cellulose-cmc-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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