Global Carboxymethylcellulose (CMC) Market: Snapshot
CMC is utilized in the form of rheology controller and as a viscosifier in oil drilling fluids industry. As a result, increasing oil exploration all over the world is expected to contribute in the surged demand for carboxymethyl in the coming years. Nevertheless, the demand regarding CMC is not only in the mentioned sectors, but the applications of CMC are increasing in mining activities, iron ore, and personal care industry. Resultantly, due to rising applications the requirement for CMC is as nwell foreseen to grow in the forecast period.
The worldwide carboxymethyl cellulose market is delegated per the end clients. It is divided as oil penetrating liquids, individual consideration, sustenance and refreshments, paints and cements, paper preparing, and others, (for example, modern cleansers, mining, etc). Among these, nourishment and drinks part represented the real portion of income in the worldwide carboxymethyl cellulose advertise. Moreover, the requests for carboxymethyl cellulose is probably going to increment in the individual consideration segment attributable to its rising use in it. In coming occasions, the mining area and mechanical chemicals are anticipated to give fascinating ideas to the players with regards to CMC. Expanding commitment by means of paint and cement area is assessed to fuel the interest with respect to the carboxymethyl cellulose in the prospective years.
Global Carboxymethylcellulose (CMC) Market: Trends and Opportunities
The global carboxymethyl cellulose market is projected to grow at a healthy growth rate with the increasing demand for gluten-free and low-fat frozen desserts. Carboxymethyl cellulose (CMC) helps in reducing fat content from food; it is also used extensively as a stabilizer, rheology controller, thickener, and water binder. Moreover, increasing use of CMC due to its superior performance and low cost in food and beverages industry is likely to boost the market growth in coming years.
Increasing risks of finding the alternative for CMC is being expected to be a major hindrance in the global market of carboxymethyl cellulose in the coming few years. Some varieties of cellulose ethers in the market that have lower price, have the properties that are same as CMC and is replaceable in a various applications. Possible carboxymethyl cellulose options include: other hydrocolloids: xanthum, pectin, guar gum, carrageenan and microcrystalline cellulose, ethyl cellulose, microcrystalline cellulose, etc.
Global Carboxymethylcellulose (CMC) Market: Regional Analysis
Geographically, Asia Pacific held significant offers in the worldwide market in 2012. The expanding sustenance and refreshments industry in Asia Pacific is the central point for the development of the carboxymethyl cellulose in the locale. The rising oil investigation in the locale will likewise help the interest for CMC. The sustenance and refreshment industry is extending in Asia Pacific, consequently, expanding open doors for the worldwide carboxymethyl cellulose market. In addition, developing interest from the nourishment and drink segment will fuel request from the CMC market in the Middle East and Latin America in future.
Global Carboxymethylcellulose (CMC) Market: Competitive Landscape
The major key players operating in the global carboxymethyl cellulose market include SINOCMC Co., Ltd., Lamberti S.p.A, Dow Chemical Company, Akzo Nobel N.V., CP Kelco, and Ashland Inc.