What Has Been the Growth Trajectory for the Carboxymethylcellulose (CMC) Market in Recent Years?
The carboxymethylcellulose (cmc) market has seen considerable growth due to a variety of factors.
•The market for carboxymethylcellulose (CMC) has seen consistent expansion over the recent years. It's anticipated to surge from $1.75 billion in 2024 to $1.83 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 4.8%.
This upward trend in the historical period has been influenced by factors such as the development of biomedical applications, increasing demand within the food and beverage field, growth in the pharmaceutical industry, the burgeoning cosmetics and personal care sectors, as well as the textile and paper industries.
How Does the Forecast Look for the Carboxymethylcellulose (CMC) Market?
The carboxymethylcellulose (cmc) market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness significant expansion in the forthcoming years, the carboxymethylcellulose (CMC) market is projected to escalate to a size of "$2.29 billion by 2029, proliferating at a compound annual growth rate (CAGR) of 5.7%.
Factors propelling this growth in the projected period include the surge in water treatment solutions, advancements in the printing industry, increasing use of adhesive compounds, demand in construction materials, and needs in oil and gas sectors. During the forecast period, key market trends are expected to revolve around the burgeoning demand for natural and clean label constituents, escalated focus on health and wellness commodities, eco-friendly personal care and cosmetics, breakthroughs in the textile and paper sector, and improved drilling fluids for the oil and gas industry.
What Main Forces Are Fueling Expansion In The Carboxymethylcellulose (CMC) Market?
The carboxymethylcellulose (CMC) market is poised for growth, powered by the surge in pharmaceutical production. The manufacturing of pharmaceutical products, including medications, vaccines, and other medical treatments, is what constitutes pharmaceutical production. Serving to escalate viscosity and stabilize emulsions in a range of pharmaceutical formulations like oral, ophthalmic, injectable, and topical, carboxymethylcellulose plays a crucial part. To cite an example, Eurostat, a governing entity based in Belgium, reported that from €36 billion ($39.4 billion) in 2021, the EU's pharmaceutical production registered an increase to €44 billion ($46.7 billion) in 2023, an indication of its impressive growth. As such, the rise in pharmaceutical production is one of the primary factors propelling the growth of the carboxymethylcellulose (CMC) market.
What Are The Primary Segments In The Global Carboxymethylcellulose (CMC) Market?
The carboxymethylcellulose (CMC) market covered in this report is segmented –
1) By Grade: High Purity, Industrial, Technical
2) By Property: Thickening Agent, Stabilizer, Binder, Anti-Repository Agent, Lubricator, Emulsifier, Excipient
3) By Application: Food And Beverages, Oil And Gas, Cosmetics, Pharmaceuticals, Detergents, Paper Processing
Subsegments:
1) By High Purity CMC: Pharmaceutical Grade CMC, Food Grade CMC, Cosmetic Grade CMC
2) By Industrial CMC: Oil And Gas Grade CMC, Paper And Pulp Grade CMC, Textile Grade CMC
3) By Technical CMC: Laboratory Grade CMC, Research And Development Grade CMC
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Which Key Trends Are Driving Changes In The Carboxymethylcellulose (CMC) Market?
Major firms in the carboxymethylcellulose market are actively engaged in business growth activities, which include forming new enterprises to increase production capabilities and cater to increasing demand from various sectors. The formation of new business refers to the procedure of establishing and registering a business entity, encompassing its organization, aim, and operations. For instance, Nippon Paper Industries Co., Ltd., a Japanese manufacturing firm, declared the establishment of a manufacturing and sales subsidiary in Hungary for CMC, known as SUNROSE MAC, in February 2023. The highly efficient SUNROSE MAC CMC, crafted by the firm, serves a key role in lithium-ion battery (LiB) anode (graphite) coating processes, with the demand surging substantially in the recent past. SUNROSE MAC aids in producing a consistent coating surface, thereby improving the safety performance of LiBs. This feature is particularly applauded by manufacturers of LiBs for electric vehicles (EVs), consumer gadgets including smartphones and personal computers, and renewable energy storage solutions.
Who Are the Key Players in the Carboxymethylcellulose (CMC) Market?
Major companies operating in the carboxymethylcellulose (CMC) market include:
• Ashland Global Holding Inc.
• DKS Co. Ltd.
• Daicel Corporation
• Amtex Corp.
• Nippon Paper Industries Co. Ltd.
• Akzo Nobel NV
• CP Kelco US Inc.
• The Dow Chemical Company
• Lamberti SPA
• Mikro-Technik GmbH & Co. KG
• Zibo Hailan Chemical Co. Ltd.
• Chongqing Lihong Fine Chemicals Co. Ltd.
• Ugur Seluloz Kimya AS
• Amar Cellulose Industries
• Foodchem International Corporation
• Jining Fortune Biotech Co.Ltd.
• Anqiu Eagle Cellulose Co. Ltd.
• Wealthy Chemical Industry Co. Ltd.
• Shanghai Shenguang Edible Chemicals Co. Ltd.
• Xuzhou Liyuan Cellulose Technology Co. Ltd.
• Changzhou Science & Technology Co.
• J.M. Huber Corporation
• Quimica Amtex y Amtex Chemicals LLC
• Formitex Empreendimentos e Participacoes Ltda
• Carlyle Investment Management LLC
• Shandong Head Co. Ltd.
• Lucid Colloids Ltd.
• Ningbo Rongcheng Chemical Co. Ltd.
• DuPont Inc.
• Nouryon Chemicals Co. Ltd.
What Is The Most Dominant Region In The Carboxymethylcellulose (CMC) Market?
Asia-Pacific was the largest region in the carboxymethylcellulose (CMC) market in 2024 and is expected to be the fastest-growing region in the global carboxymethylcellulose (CMC) market report during the forecast period. The regions covered in the carboxymethylcellulose (CMC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
