CARBOXYMETHYL CELLULOSE MARKET ANALYSIS

The global Carboxymethyl Cellulose market is estimated to account for US$ 1154.5 MN in terms of value by the end of 2022.

Global Carboxymethyl Cellulose Market: Growth Drivers

Food additive demand will rise, driving market expansion

The substantial demand from the food industry is expected to drive significant growth for carboxymethyl cellulose. One of the key reasons propelling the market is the rising demand for food additives such as thickening agents, stabilizers, and viscosity-modifying agents. For instance, in 2021, ice cream is made with carboxymethyl cellulose powder. Using the inclusion of CMCX, it is no longer necessary to make ice cream using churners and salt ice mixtures. Additionally, the demand for carboxymethyl cellulose is skyrocketing due to rising demand for ready-to-cook and ready-to-eat items such premixes, bakery goods, instant noodles, meat goods, sauces, quick-frozen meals, and other goods. Additionally, CMC is a fat substitute and is frequently used in the production of low-fat and gluten-free goods.

Figure 1. Global Carboxymethyl cellulose Market Share (%) in terms of Value, By Region, in 2022

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Growing Detergent Manufacturing Demand Will Advance the Market

Due to its remarkable anti-soil red-positing characteristic, sodium derivative of carboxymethyl cellulose is widely used in the production of detergents. Additionally, it works in detergents as a skin and texture protector, homogenizer, stabilizer, particle suspender, color retention agent, and color retention agent. Oil and filth are absorbed by the good thickening, emulsifying, and dispersing effect, which also keeps oil from coming into touch with the cleansed surfaces. Due to their remarkable qualities, detergents and cleaning products are in great demand, which is projected to propel market expansion. For instance, in 2021, as Karnataka Soaps and Detergents Limited celebrates its centenary year, the company has planned to go in for capacity enhancement by modernizing plants and machinery and launching new products to cater to market demands.

Global Carboxymethyl Cellulose Market: Restraints

Negative Reaction to Exposure Could Hamper the Market

Carboxymethyl cellulose may have negative health effects. Colitis, metabolic disorders linked to micro biota, and effects of inflammation are all thought to be possible consequences of CMC. Additionally, it has been shown to change bacteria, increase intestinal inflammation, and function as a trigger for Crohn's disease and ulcerative colitis. This element is anticipated to restrain market expansion. For instance, in 2022, according to Apollo Pharmacy, there are some adverse reactions of Carboxymethyl Cellulose like Irritation in the eye, continue eye redness, pain in the eye, and blurred vision.

Global Carboxymethyl Cellulose Market- Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 epidemic had a significant detrimental impact on the world economy. One of the key economic areas is the food supply chain, and it has been noted that the pandemic has an effect on the entire chain from the farm to the consumer. Production, distribution, and supply in the food business have all been badly interrupted, which is now a major worry. Employee movement restrictions, government regulations, regulated food trade, shifts in consumer demand, and financial strain brought on by a temporary halt in production and supply operations all had an impact on the market. Despite the pandemic's unprecedented demand and disruptions to supply and distribution, food chain participants including farmers, suppliers, distributors, and retailers made a concerted effort to lessen the crisis's effects.

Figure 2. Global Carboxymethyl cellulose Market Share (%) in terms of Value, By End-User, in 2022

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Global Carboxymethyl Cellulose Market: Market Opportunities

More taconite and iron ore mining are 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 utilized in the mining flotation process. Additionally, because it is quickly absorbed by the surfaces of minerals, it is also employed in nickel ore. Therefore, it is anticipated that rising demand across mining applications would promote the growth of the carboxymethyl cellulose market.

It is anticipated that the increased use of carboxymethyl cellulose in the paper sector would open up new business prospects. In the making of paper, it serves as a stabilizer, binder, thickener, and dispersant. Growing paper demand from diverse uses is increasing paper output, which in turn is increasing carboxymethyl cellulose consumption.

Global Carboxymethyl Cellulose Market: Market Segmentation

Asia Pacific region dominated the global carboxymethyl cellulose market in 2022, accounting for a 35.9% share in terms of value.

Global Carboxymethyl Cellulose Market: By End User

On the basis of end-user in 2022, the food and beverage segment has accounted for the largest market share of 33% in terms of value, followed by oil drilling fluids and paper processing segment respectively.

Global Carboxymethyl Cellulose Market: Recent Developments

• In March 2020, Nippon Paper group announced the construction of a new facility for the functional cellulose product carboxymethyl cellulose at the Gotsu Mill in Japan.
• In January 2020, J.M. Huber Corporation announced the sale of its carboxymethyl cellulose business to Nouryon, a global specialty chemicals company.
• In September 2021, Patel Industries started with a production capacity of 360 MT. per annum, currently, they expand their manufacturing capacity up to 5000 MTPA of sodium carboxyl methyl cellulose per annum today
• In February 2022, DuPont launched TEXTURECEL 2000 P BA 07 a low molecular weight, high-purity carboxymethyl cellulose (CMC) powder that is naturally derived. It is used as a binder for graphite lithium-ion battery anodes.

Global Carboxymethyl Cellulose Market: Key Companies

Akzo Nobel N.V., Ashland Inc., CP Kelco, Daicel Corporation, The Dow Chemical Company, Lamberti S.p.A., Penn Carbose Inc., Sichem LLC, SINCOCMC Co. Ltd, Yixing Tongda Chemical Co. Ltd, and Nouryon

*Definitions: Carboxymethyl cellulose, a kind of cellulose gum, is made from pure cotton and wood pulp. Numerous sectors, including oil and gas, agriculture, cosmetics and personal care, paint, paper manufacturing, pharmaceutical, food and beverage, and household care, utilize cellulose gum extensively.