The global Cellulose Gum/CMC Market is expected to reach USD 2.06 Billion by 2028, 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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Key participants :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.
Key Companies in the market include:
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 2028 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 2020. 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.
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Grade Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Industrial Grade
- Food Grade
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Emulsion Stabilizer
- Film Former
End-user Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Food & Beverages
- Oil & Gas
- Paints & Adhesives
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Key questions covered in the global Cellulose Gum/CMC market report:
- What is the expected market size of the global Cellulose Gum/CMC market during the forecast period?
- What factors are expected to hamper global Cellulose Gum/CMC market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Cellulose Gum/CMC market?
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