Companies involved in the carboxymethyl cellulose market include CP Kelco US, Inc. (California, U.S.), Nippon Paper Industries Co. Ltd (Tokyo, Japan), Ashland Inc. (Delva, U.S.), and The Dow Chemical Company (Michigan, U.S.) ), Lamberti SPA (Galarat, Italy), DKS Co. Ltd (Kyoto, Japan), Química Amtex SA (Medellin, Colombia), Nouryon (Amsterdam, Netherlands) and other major players
Pune, India, December 8, 2021 (GLOBE NEWSWIRE) - By 2028, the global carboxymethyl cellulose market is expected to reach US$2.23 billion, with a compound annual growth rate of 4.2% from 2021 to 2028. Fortune Business Insights pointed out in a report entitled "Carboxymethyl Cellulose (CMC) Market 2021-2028" that cooking food will create profitable opportunities for this market in the next few years. The market size in 2020 is USD 1.6 billion.
During the outbreak, restrictions on liquidity and other government regulations have increased the demand for packaging and ready-to-eat food. Concerns about food supply and safety during the pandemic have led to a surge in demand for foods such as primary foods, convenience foods, and secondary processed foods. As a result, increased demand for food stabilizers, thickeners, and other ingredients used in food processing has further boosted this market.
The surge in demand for food additives aids expansion. Due to the strong demand in the food industry, the carboxymethyl cellulose market is expected to grow substantially. One of the main factors driving the development of the market is the increasing demand for food additives (such as thickeners, stabilizers and viscosity modifiers). For example, CMC powder is used to make ice cream. The use of CMCX eliminates the need for agitators and salt ice mixtures commonly used in ice cream production. In addition, the growing demand for premixes, breads, instant noodles, meat products, sauces, quick-frozen foods, and other instant and instant foods drives the demand for carboxymethyl cellulose.
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/carboxymethyl-cellulose-market-102166
The report lists the major companies in the carboxymethyl cellulose market:
CP Kelco US, Inc. (California, USA)
Nippon Paper Industries Co. Ltd (Tokyo, Japan)
Ashland Corporation (Delva, USA)
The Dow Chemical Company (Michigan, USA)
Lamberti SPA (Galarat, Italy)
DKS Co. Ltd (Kyoto, Japan)
Química Amtex SA (Medellin, Colombia)
According to the application, the market is divided into food and beverage, oil field, paper and pulp, detergent, paint, etc. Due to the special characteristics of sodium carboxymethyl cellulose, the demand for detergents continues to grow, which will contribute to the growth of this market segment. In addition, the use of CMC as a water-retaining thickener for drilling mud in oil drilling activities is another area that is growing.
Geographically, the market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
What does the report include?
The market report includes a detailed assessment of the various growth drivers and constraints, opportunities and challenges that the carboxymethyl cellulose market will face in the projected time frame. In addition, the report also conducted a comprehensive study of the regional development of the market, which affected its growth during the forecast period. It includes information that our research analysts use a variety of methods to obtain from the advice of industry experts. The competitive landscape provides further detailed insights into product launches, partnerships, mergers and acquisitions, and the company's strategies to maintain a market presence between 2021 and 2028.
Consultation before purchasing this report:
https://www.fortunebusinessinsights.com/enquiry/queries/carboxymethyl-cellulose-market-102166
High demand for convenience foods in the Asia-Pacific region boosts growth
The market size of the Asia-Pacific region in 2020 is US$690 million. Due to the increasing demand for convenience foods, the market size is expected to expand. The existence of huge oil reserves will help the growth of the North American market. The large demand in the paper and pulp industry can bring opportunities to the European market.
Due to the growing demand from developing countries such as Brazil, Colombia, and Argentina, Latin America is expected to occupy an important market share of carboxymethyl cellulose during the forecast period.
Major companies expand brand influence through strategy
Well-known people in the industry mainly operate based on product pricing and application characteristics. Several large companies are establishing strategic partnerships to enhance their brands and sales in order to increase their market share and gain a competitive advantage.
March 2019: Nippon Paper announced the construction of a new factory in Gotsu Mill to produce functional cellulose products, namely CMC.
The main catalog of the carboxymethyl cellulose market:
Major emerging trends-major countries
Recent industry trends-policies, partnerships, new product launches, and mergers and acquisitions
Qualitative insights-the impact of COVID-19 on the global carboxymethyl cellulose (CMC) market
Measures taken by the government/company to overcome this impact
Potential opportunities presented by the COVID-19 outbreak
Use the catalog to browse detailed research insights:
https://www.fortunebusinessinsights.com/carboxymethyl-cellulose-market-102166
Fortune Business Insights™ provides accurate data and innovative business analysis to help organizations of all sizes make appropriate decisions. We tailor innovative solutions for our customers to help them deal with various challenges in different businesses. Our goal is to provide them with comprehensive market intelligence and a detailed overview of the markets in which they operate.
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