The market for carboxymethyl cellulose is anticipated to expand as a result of rising consumer demand for food products with functional additives that assist make products low in fat and gluten-free. By boosting the food's fibre content, it replaces food by thickening and stabilising it. Additionally, rising consumer demand for low-fat and gluten-free frozen desserts is anticipated to fuel market expansion. Ice cream and yoghurt don't melt as easily, and sweets keep their texture thanks to CMC. The pharmaceutical industry's rising need for natural stabilisers to manufacture a variety of medications is anticipated to drive carboxymethyl cellulose market expansion. The demand for healthcare is being driven by an increase in the number of elderly people, which is impacting economic growth. Thus, it is anticipated that the market for carboxymethyl cellulose would rise in response to the rising need for natural stabilisers in the production of pharmaceuticals. More taconite and iron ore mining is anticipated to open up additional markets for carboxymethyl cellulose. It is frequently used in mining flotation operations to separate metals and contaminants. In essence, it is a modifier that is utilised in the mining flotation process.
Coherent Market Insights projects that using a CAGR of 3.2% from 2020 to 2027, it is predicted that the market for Carboxymethyl Cellulose would surpass US$ 1,342.9 million by that year.
Leading Companies in the Carboxymethyl Cellulose Industry:
1. Akzo Nobel N.V.
The company was founded in 1994 and is based in Amsterdam, Netherlands. The company sells bleach, surfactants, polymers, ornamental paints and coatings, pulp and paper, bleaching and oxidising, salt-chlorine, and other chemical products. AkzoNobel introduced a bisphenol-free interior coating for beverage can ends in May 2023. AkzoNobel announced in April 2023 that it will purchase Sherwin-Williams' Chinese Decorative Paints division.
2. Ashland Inc.
The firm was started in 1924 and is located in Delaware, United States. Ashland Inc. is an additives and specialty products business with a consumer market focus. The company produces and markets a wide range of chemicals and thermoplastic resins. BenecelTM MX 100 methylcellulose was introduced by Ashland in February 2023 for use in plant-based protein food applications, expanding their award-winning product line.
3. CP Kelco
The company was started in 1929 and is based in San Diego, California. The business sells cellulose gum, diutan, gellan gum, pectin, welan, and xanthan gum products in addition to producing custom chemicals. A Tempting Menu of On-the-Go Snack Prototypes Were Unveiled by CP Kelco in March 2023 at FICCP Kelco announced in March 2022 that it would showcase its portfolio of nature-powered ingredients and prototypes at the in-cosmetics® Global Expo.
4. Daicel Corporation
The firm was founded in 1919 and is based in Osaka, Japan. The Daicel Corporation conducts business in the fields of polymers, pyrotechnics, organic chemicals, high-performance chemicals, and celluloid technologies. Among the company's offerings are cellulose acetate, tow for cigarette filters, high-performance chemicals for electronics components, engineering plastics including liquid crystal polymers (LPC), resin mixtures, and airbag inflators for cars.
5. The Dow Chemical Company
The company was started in 1897 and is located in Midland, Michigan, U.S. The company manufactures rubber, plastics, agricultural science, and specialty chemicals. Dow Chemical offers support to the packaging, building, food, and personal care industries globally. Dow and New Energy Blue established a partnership in March 2023 to create renewable plastic products using leftover maize.
6. Lamberti S.p.A
The business was started in 1911 and is located in Gallarate, Lombardy, Italy. Different speciality chemicals are produced by Lamberti S.P.A. The company also provides photoinitiators, liquid and powder dyestuffs, cellulose, guar, pigments, and colloidal systems in addition to a variety of chemical products.
7. Sichem LLC
The firm was started in 1989 and has its main office in Abu Dhabi, Abu Dhabi, United Arab Emirates. For use in drilling, production, and other oilfield applications, SICHEM is a specialist in developing and contract-blending specialised oilfield chemicals. Specialty oilfield chemicals are produced and blended by Sichem for the chemical manufacturing sector.
Definition: The gum known as carboxymethyl cellulose is made from pure cotton and wood pulp. The oil and gas, agricultural, cosmetics and personal care, paint, paper processing, pharmaceutical, food and beverage, and household care industries are just a few of the several industries that employ cellulose gum extensively.
