The global carboxymethyl
cellulose market is expected to reach USD 1.86 billion by 2025, according to a
new report by Grand View Research, Inc. The increasing consumption of
cosmetics, skin care, hair care, and other personal care products globally is
estimated to drive the market demand over the years ahead. In addition, the
growing rate of adoption among consumers regarding the use of natural and
eco-friendly personal care products is likely to enhance the consumption of carboxymethyl
cellulose (CMC) or cellulose gum, mainly as a binding and stabilizing agent, in
the next couple of years.
In terms of revenue, the
cosmetic & application segment accounted for an industry share of 14.7% in
2016. Changing lifestyles and improving disposable income of consumers across
various countries in the Asia Pacific region including India, China, and
Malaysia are expected to enhance the growth of cosmetics and pharmaceutical
industries in the next couple of years. Major cosmetics manufacturers are
significantly investing in R&D and focusing on the implementation of new
product branding and other marketing strategies to accelerate personal care
sales across the globe.
CMC is incorporated as a key
ingredient in various personal care products including creams, lotions,
shampoos, face creams, and cold creams. Good binding, thickening, and
stabilizing properties are the key attributes of this product owing to which it
is increasingly being used in the processing of cosmetic formulations. Additionally,
it owing to its property to impart moisture, the product is favorably consumed
in the manufacturing of personal care products such as hair care and skin care
goods. The usage of cellulose gum is not only limited to topical lotions,
creams, and shampoos but it is also incorporated in the manufacturing of
toothpaste, as it provides smooth texture, possesses excellent salt tolerance,
and acid resistance.
In depth research report on Carboxymethyl Cellulose Market
Further key findings from the report suggest:
•
Food & beverage application
is estimated to be one of the fastest growing segments and is likely to expand
at a CAGR of 5.3% over the forecast period. Significant utilization as a
stabilizer and texture enhancer in bakery products is considered to be the
major driving factor for cellulose market.
•
Advancements in the processing
and manufacturing technologies of CMC are likely to provide significant scope
for demand by 2025. The introduction of cellulosic nanofibers for the
manufacturing of CMC is projected to positively impact the industry growth.
•
Asia Pacific held the largest
demand in the cellulose gum market as of 2016. Rapid expansion of food &
beverage and pharmaceutical sectors in the region coupled with the presence of
a broad consumer base is estimated to drive the industry growth by 2025.
•
Akzo Nobel N.V., CP Kelco,
Ashland, Inc., Daicel FineChem Ltd., and The Dow Chemical Company are the key
players that collectively accounted for more than 30% market share of the
global industry in 2016
•
Companies are implementing
various strategies to mainly strengthening their distribution and significantly
investing in research & development in order to enhance their business
growth. Furthermore, Daicel FineChem Ltd. and The Dow Chemical Company are among
the manufacturers that have fully integrated business operations across the
value chain.
Grand View Research has
segmented the global carboxymethyl cellulose market on the basis of product,
livestock, and region:
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million; 2014 - 2025)
•
Cosmetics & pharmaceuticals
•
Food & beverages
•
Oil & gas
•
Paper & board
•
Paints & adhesives
•
Detergents
•
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million;
2014 - 2025)
•
North America
•
U.S.
•
Europe
•
Germany
•
UK
•
France
•
Italy
•
Asia Pacific
•
China
•
Central & South America
•
Brazil
•
Middle East & Africa
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
No comments:
Post a Comment