According to IMARC Group latest report titled “Carboxymethyl Cellulose (CMC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on carboxymethyl cellulose (CMC) market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global carboxymethyl cellulose (CMC) market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Carboxymethyl cellulose (CMC) is a water-soluble cellulose product commonly used in various industries for its thickening, stabilizing, and emulsifying properties. It is produced by chemically modifying cellulose, a natural polymer derived from plant cell walls. It is used as a food additive to thicken, stabilize, and emulsify products such as ice cream, salad dressings, and baked goods. It is also used in the pharmaceutical industry as a binding agent, disintegrant, and emulsifier in tablet formulations. CMC is used in a variety of other applications, such as in the paper industry as a coating agent, in the oil and gas industry as a drilling fluid additive, and in the textile industry as a sizing agent and thickener.
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Market Trends:
The global market is majorly driven by the increasing demand for packaged and processed foods. In line with this, significant growth of the pharmaceutical industry is positively influencing the market. Furthermore, the rising demand for personal care and home care products is catalyzing the product demand. Apart from this, the escalating demand for adhesives and sealants and the expansion of the oil and gas industry are propelling the market. Moreover, the emergence of new applications in the construction industry and expanding paper and pulp industry are favoring the market. Besides, the increasing demand for water treatment chemicals and rapid product utilization in the mining industry worldwide is strengthening the market. Additionally, advancements in the production process of CMC, leading to cost-effective solutions, are providing a boost to the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Carboxymethyl Cellulose (CMC) Market Segmentation:
Our report has categorized the market based on region, purity level, property and application.
Breakup by Purity Level:
Breakup by Property:
Breakup by Application:
Breakup by Region:
Key highlights of the report:
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