A surge in demand for processed foods is a
significant factor estimated to stimulate market demand.
Market Size – USD 1.37 billion in 2018, Market Growth
– CAGR of 4.1%, Market Trends – Growth of the pharmaceutical sector.
The global Cellulose
Gum/CMC Market is expected to reach USD 1.90
Billion by 2026, according to a new report by Reports and Data. Cellulose gum
is extracted from the structural parts of certain plants, mainly trees or
cotton. The sources of cellulose gum are cultivated sustainably and
processed using a form of acetic acid and salt. Increase in population will
cause a rise in the demand for products in food and beverages, pharmaceutical,
cosmetics, and chemical sectors. This massive growth in demand amongst end-use
industry will raise the consumption of cellulose gum across the globe.
The carboxymethyl cellulose or CMC is used in
numerous applications including food and beverages, detergents, textiles,
paints, and mining applications among others. Of all the end-users, Food and
Beverages industry dominates the global market of cellulose gum. Owing to the
growth in population, the food and beverages industry would maintain its
dominance in the market.
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Growth in the oil and rid drilling activities would
also create an increase in demand for cellulose gum in the upcoming years. A
drilling fluid additive is used mainly for fluid-loss control and is produced
by reacting natural cellulose with monochloroacetic acid and sodium hydroxide
to form CMC sodium salt. Almost 20% by weight of CMC may be sodium chloride, a
by-product of the reaction, but purified grades of carboxymethyl cellulose
contain only small amounts of sodium chloride.
Presence of substitutes of cellulose gum like guar
gum may create hindrances in the growth of the market.
Further key findings from the report suggest
- Technical grade CMC is used as a component of
cleansers, while purified grade is preferred in food& beverages,
pharmaceuticals, and cosmetics. Carboxymethyl cellulose is essentially
used as a rheology modifier, thickening operator, suspending agent, and
stabilizer. - Food grade CMC is forecasted to contribute to
the largest market share in the forecast period reaching USD 1.11 Billion
by 2026 with a growth rate of 4.1% in the forecast period. The purity of
food grade CMC is more than 99.5% and is used in food and beverages
industry. A rapid increase in the consumption of processed food which can
be mainly attributed to the rise in the level of disposable income of
people in developing countries is estimated to drive the market growth. - Asia Pacific region is projected to dominate
the market growing at a CAGR of 4.2% in the forecast period with over 40%
of the total market volume in 2018. This dominance in the market is owing
to the considerable consumption of cellulose gum in oil & gas, food
& beverages, pharmaceuticals, and cosmetics industries in the region. - Key participants include Ashland Inc., Sidley
Chemical Co. Ltd., Daicel Corporation, The DOW Chemical Company, AKZO
Nobel N.V., Nippon Paper Industries Co. Ltd., DKS Co. Ltd., Lamberti
S.P.A., DKS Co. Ltd., CP Kelco U.S. Inc., and UGUR Seluloz Kimya A.S.
among others. - On September 2018, the CMC business segment of
CP Kelco, a significant player in the market, announced the increase in
price of the entire CMC product portfolio up to 10% worldwide. The price
modifications are triggered by the continuous increase in the cost of key
raw materials used to produce CMC.
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For the purpose of this report, Reports and Data
have segmented global cellulose gum/CMC market on the basis of grade,
application, end-user, and region:
Grade Outlook (Volume, Kilo Tons; 2016-2026 and
Revenue, USD Million; 2016-2026)
- Industrial Grade
- Food Grade
Application Outlook (Volume, Kilo Tons;
2016-2026 and Revenue, USD Million; 2016-2026)
- Thickener
- Binder
- Emulsion Stabilizer
- Film Former
- Others
End-user Outlook (Volume, Kilo Tons; 2016-2026
and Revenue, USD Million; 2016-2026)
- Food & Beverages
- Cosmetics
- Pharmaceuticals
- Oil & Gas
- Detergents
- Paper
- Paints & Adhesives
- Others
Read more at: https://www.reportsanddata.com/report-detail/cellulose-gum-cmc-market
Regional Outlook (Volume, Kilo Tons; 2016-2026 and
Revenue, USD Million; 2016-2026)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Latin America
- Brazil
- MEA
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