Global Carboxymethyl Cellulose Market – Drivers and Forecasts by Technavio

07-Oct-2017 Intellasia | BusinessWire | 2:23 AM Print This Post

LONDON–(BUSINESS WIRE)–#ResearchTechnavio
analysts forecast the global
carboxymethyl cellulose (CMC) market
to grow at a CAGR of
almost 5% during the forecast period, according to their latest report.


The research study covers the present scenario and growth prospects of
the global carboxymethyl cellulose market for 2017-2021.
The market is segmented based on application (food and beverages,
pharmaceuticals and cosmetics, oil and gas, paper, and detergent) and
geography (APAC, the Americas, Europe, and MEA).

The demand for CMC from APAC is expected to be the highest among all the
regions because of the rapid expansion of the food and beverages
industry in this region. In addition to this, the presence of a high
consumption base in the region is expected to drive the growth of the
market. CMC is used majorly in packed and ready-to-eat food and is
expected to grow rapidly in the pharmaceuticals and cosmetics industry.
CMC is also used as a soil suspension polymer in detergents and as a
lubricant for artificial tears. Research says that the development of
the pharmaceutical industry and the expansion of the oil and gas
industry can lead to the high demand for CMC.

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Technavio chemicals
and materials
research analysts highlight the following three
factors that are contributing to the growth of the global carboxymethyl
cellulose market:

  • Cost-effective
  • Application of CMC as a stabilizing agent
  • Rising awareness of healthy and processed food

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Cost-effective

CMC is a cellulose derivative, produced by the catalyzed reaction of
cellulose and chloroacetic acid. It is mainly used as a thickener in
various applications such as food and beverages, pharmaceuticals,
cosmetics, paper making, and detergents. CMC is a more cost-effective
and high-performance derivative compared to other cellulose derivatives
such as HPC and HEC, and other synthetic stabilizers and thickening
agents that are used in pharmaceuticals, paper industries, and other
applications.

Kurva Samba Sivudu, a lead specialty
chemicals
research analyst at Technavio, says, “This
cost-effective factor has made both small-scale and large-scale
manufacturers to use CMC in the medical industry. It has reduced the
cost of medical dressing, extensively. Research says that CMC-based
dressing has resulted in healing ulcers faster than gauze-based
dressing, at a lesser cost.”

Application of CMC as a stabilizing agent

CMC is used as a viscosity improver and as a stabilizing agent in many
frozen food and beverages, especially ice cream and finished wines. It
avoids the use of salt ice mixers in ice creams, which reduces the cost
of production, and prevents the formation of potassium bitartrate
crystals, in the finished wine after bottling, thereby saving energy and
processing time. Further, it results in the elimination of expensive
cold stabilizers in food and beverages.

“CMC is used as a stabilizing agent in the preparation of metal
nanoparticles that are used in various applications. It is used
extensively in ice packs to retain a lower freezing point. The use of
CMC as a stabilizing agent has led to reduced production cost and less
consumption of other cooling agents, which has increased the overall
demand for CMC in the global market,”
adds Kurva.

Rising awareness of healthy and processed food

CMC is used as a fat replacer in ready-to-eat food that has influenced
the interest of consumers. It adds thickness and texture to low-calorie
food products such as fat-free ice cream. CMC extends the solubility of
proteins to a certain pH level. It is mixed with whey protein
concentrates to replace the use of egg protein and skimmed milk in the
formation of cakes; this has reduced the fat content in various food
products, especially in bakery products like cakes and biscuits.

In various processed food and healthy nutrition bars, it is used to make
the food thick and creamy without adding fat to it. It is used as a
low-fat ingredient in various products. Therefore, the demand for CMC is
increasing in the food industry with the rising awareness of the
consumption of healthy and processed food. The preference of consumers
toward low-fat food containing CMC has increased, which has led to an
increase in the growth of the CMC
market
.

Top vendors:

  • Akzo Nobel
  • CP Kelco
  • Daicel
  • NIPPON PAPER INDUSTRIES
  • The Dow Chemical

Browse Related Reports:

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