Carboxymethyl Cellulose MarketSize and Trends

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: 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: 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

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.

Market Trends:

Increase in demand for processed and convenience foods is driving the market for carboxymethyl cellulose.
Technological advancements and innovations in production techniques will likely contribute to market growth.
Growing preference for gluten-free and low-fat food products is propelling the demand for carboxymethyl cellulose as a fat substitute.