The global Carboxymethyl Cellulose Market is estimated to be valued at US$ 1201.83 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Carboxymethyl Cellulose is a cellulose derivative with carboxymethyl groups attached to some of the hydroxyl groups of the glucose units of the cellulose polymer. It is commonly used as an emulsifier, stabilizer and thickener in food products as well as in various industrial products such as concrete, paper, and paint.

Market key trends:

One of the key trends in the carboxymethyl cellulose market is its increasing adoption in the personal care and cosmetics industry. Carboxymethyl cellulose acts as a thickening, stabilizing and binding agent in various personal care products such as hair gels, skin creams, lotions, and facial masks. It provides smooth texture and maintains stability of the end products. Growing personal care industry worldwide along with increasing consumer spending on personal grooming is expected to drive the demand for carboxymethyl cellulose over the forecast period.

SWOT Analysis

Strength: Carboxymethyl Cellulose has excellent thickening, binding and stabilizing properties making it suitable for various end-use industries. It is a cost-effective stabilizer and thickening agent compared to other hydrocolloids.

Weakness: Carboxymethyl Cellulose is highly soluble in water which makes it unsuitable for certain applications requiring resistance to moisture. Its quality is affected due to improper storage conditions.

Opportunity: Growing demand for Carboxymethyl Cellulose from the food & beverage industry as a stabilizer, thickener and emulsifier. Increasing application scope in personal care products as viscosity controlling, stabilizing agent is driving the market growth.

Threats: Stringent government regulations regarding the use of hydrocolloids in food applications. Availability of substitutes like methylcellulose and hydroxypropyl methylcellulose poses threat to the growth of Carboxymethyl Cellulose market.

Key Takeaways

The Global Carboxymethyl Cellulose Market Share is expected to witness high growth, exhibiting CAGR of 4.1% over the forecast period, due to increasing demand from the food & beverage industry. Carboxymethyl Cellulose finds widespread application as a thickening and stabilizing agent in soups, sauces, desserts, dairy products etc.

Regional analysis: Asia Pacific dominates the global Carboxymethyl Cellulose market and is expected to grow at the fastest rate during the forecast period. Abundant raw material availability and large consumer base are driving the growth of Carboxymethyl Cellulose market in the region. China accounts for over half of the global Carboxymethyl Cellulose production capacity.

Key players operating in the Carboxymethyl Cellulose market are 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. The key players are focusing on capacity expansion and new product launches to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it