Carboxymethyl Cellulose Market Size

Carboxymethyl Cellulose Market Size

Carboxymethyl Cellulose Market size was around USD 1.29 billion in 2020 and will grow at a CAGR of 4.3% from 2021 to 2027 driven by escalating demand from the food & beverage sector. In terms of volume, global market is expected to be 658.5 kilo tons by 2027, expanding at a CAGR of 3.9% over the forthcoming years.

Pharmaceuticals is another potential segment of CMC due to its use as an inert non-pharmacologically active ingredient. Additionally, the product will witness demand among manufacturers as an alternative to conventional additives in the coming years to meet the growing consumer demand for gluten-free desserts./p>

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Carboxymethyl cellulose, also known as cellulose gum, is produced by reacting alkali cellulose with monochloroacetic acid (MCA) in the presence of a catalyst. It is mostly used as a sodium salt (sodium carboxymethyl cellulose) in the market. CMC is functionally used as a suspending agent, thickening agent, and stabilizer. Major applications of carboxymethyl cellulose include pharmaceuticals, food processing, oil drilling fluids, mining, personal care, detergents, paper, and textiles./p>

The COVID-19 pandemic continues to unfold steadily with severe effects on individuals, networks, and organizations. The development of some companies will be completely affected while various business sectors could remain strong and show promising development openings. The carboxymethylcellulose market is expected to grow at an extraordinary rate during the pandemic period as consumer interest in cleaning products is reaching an extraordinary level. This is due to the growing awareness among buyers about ordering and insuring against infectious diseases./p>

The growing threat of substitutes can be a major restraint in the carboxymethylcellulose market in the coming years. Few types of cellulose ethers, available at lower prices, have similar properties to carboxymethyl cellulose and can act as a substitute for the product in many applications. Possible alternatives of CMC include hydrocolloids such as guar gum, pectin, carrageenan, and ethylcellulose, microcrystalline cellulose, microcrystalline cellulose, etc.

The expansion of iron and taconite mining will also offer new growth opportunities for the carboxymethyl cellulose market. It is widely used in excavation flotation applications to isolate pollutants and metals. The developing interest in mining applications is expected to encourage the carboxymethyl cellulose market development during the projected timeframe.