The global Carboxymethyl Cellulose market was valued at USD 1.5 billion in 2023 and is further projected to witness a compound annual growth rate (CAGR) of 4.3% until 2032. Carboxymethyl Cellulose (Carboxymethyl Cellulose) is a derivative formed by the synthesis of plant-based cellulose, caustic soda and monochloroacetic acid. It is also known as cellulose gum. It is an odorless and tasteless substance that is safe for our health and environment and is widely used in food & beverages, pulp & paper, healthcare, and personal care industries.
Food & Beverages is one of the major applications of Carboxymethyl Cellulose, the major food & beverages industry for Carboxymethyl Cellulose’s are in food for thickening, emulsifying, puffing and preservation. Carboxymethyl Celluloses are an effective papermaking additive that can be used in many procedures such as pigment coating, adding in the pulp and surface sizing, with good water-retaining properties, dispersibility and shear thinning. Carboxymethyl Celluloses can also be used in pharmaceutical formulations like syrups, suspensions and tablets, wound care, and dermatological patches.
In terms of Carboxymethyl Cellulose demand by application, food & beverages is the largest application because it is used in ice creams, milk, and baked foods, as a thickening agent or stabilizer which is said to drive the Carboxymethyl Cellulose demand. Paper processing is the fastest-growing application in the forecast period because it is used to improve the uniformity and strength of the paper. In the healthcare industry, Carboxymethyl Cellulose is used to treat dry eyes. Carboxymethyl Cellulose is used as the protective colloid stabilizer in the highly mineralized clay suspensions, adjusting the properties of fluids used for drilling in the oil & gas industry.
By region, Asia Pacific dominates the Carboxymethyl Cellulose market. The fast-growing food & beverages, cosmetics and pharmaceuticals, and detergent industries in China, Japan, and India, are expected to contribute to the rising Carboxymethyl Cellulose demand in the Asia-Pacific region.
These companies are significant players in the carboxymethyl cellulose market, providing a range of products and solutions for various industries.
Carboxymethyl Cellulose is a versatile ingredient utilized as a thickener, stabilizer, binder, and dispersant across a range of industries, including food and beverage, pharmaceutical and cosmetic, detergents, oil and gas, and paper processing. The growth of the processed food industry increased pharmaceutical and cosmetic manufacturing, and increased oil drilling operations are the main drivers of the Carboxymethyl Cellulose market.
Carboxymethyl Cellulose is frequently used in food and beverage as a binder, thickener, bulking, and suspension agent. Its high purity level of 95% concentration makes it suitable for use in personal care, medical & pharmaceutical, and food & beverage applications, as well as other industries like detergents & laundry, pulp & paper, oil & gas, etc. Additionally, the increasing demand for cellulose gum with purity over 99.5% in food and beverage and drug companies will further drive the market growth. Moreover, Carboxymethyl Cellulose is widely utilized in various products, including frozen desserts, dairy products, sauces, etc. The increasing demand for organic ingredients in food and the rising rate of obesity have boosted the market for fat replacers.
Although the COVID-19 pandemic continues to spread and affect people, businesses, and organizations, the impact on different sectors varies, with some being completely impacted and others showing promising growth prospects. The demand for Carboxymethylcellulose is expected to rise as consumers are becoming more concerned about cleanliness during and post the pandemic, leading to a heightened interest in cleaning products.
The growth of the Carboxymethyl Cellulose market is hindered by the availability of alternatives in various applications. Guar gum, with its organic/green label advantage, can replace Carboxymethyl Cellulose in many applications. Additionally, cheaper solvents with properties similar to Carboxymethyl Cellulose can also be used as a substitute in various applications. Other hydrocolloids like guar gum, pectin, carrageenan, and ethylcellulose, as well as microcrystalline cellulose, can be used instead of Carboxymethyl Cellulose.
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