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Carboxymethyl Cellulose Market

Carboxymethyl Cellulose Market Analysis By Purity Level (99.9%, 99.5% & Others) By Property (Thickening Agent, Stabilizer, Binder, Lubricator & Emulsifier) By Application & By Region – Global Market Insights 2022-2032

Analysis of Carboxymethyl Cellulose market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Global Carboxymethyl Cellulose Market Snapshot

The global carboxymethyl cellulose market is estimated at USD 1,674.3 Million in 2022 and is forecast to surpass USD 2,766.4 Million by 2032, growing at a CAGR of 5.1% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 1,600.7 Million

Estimated Year Value (2022E)

USD 1,674.3 Million

Projected Year Value (2032F)

USD 2,766.4 Million

Global Growth Rate (2022-2032)

 CAGR 5.1%

North America Market Share in 2021

~33%

North America Growth Rate (2022-2032)

CAGR ~5.4%

Collective Value Share (US, China, India) 2022: Top 3 Countries

~45%

Top 5 Companies Market Share in 2021

~27%

Key Companies Profiled

  • J.M Huber Corporation
  • Ashland Global Holdings Inc.
  • Quimica Amtex y Amtex Chemicals LLC
  • Changzhou Science & Technology Co.
  • Carlyle Investment Management LLC
  • Mikro-Technik GmbH & Company KG
  • Zibo Hailan Chemical Co. Ltd.
  • Chongqing Lihong Fine Chemicals Co. Ltd.
  • Other Market Players

The global carboxymethyl cellulose market is likely to create an absolute dollar opportunity of USD 1,092.1 Million by the end of 2032. The global carboxymethyl cellulose market holds ~1% of the global cellulose market.

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2017-2021 Global Carboxymethyl Cellulose Market Outlook in Comparison to 2022-2032 Growth Forecast

Carboxymethyl cellulose (CMC) has gained immense traction as fat-replacer in processed and ready-to-eat food products, underpinned by the rise in consumer awareness on consumption of healthy food. Food manufacturers are extensively utilizing CMC over egg protein for preparation of cakes by mixing CMC with whey protein concentrates, for minimizing fat concentration in various food products, bakery products in particular.

Carboxymethyl cellulose has also witnessed increased adoption in nutrition bars, as it extends solubility of proteins to certain pH levels.

A significant surge in demand for pharmaceutical specialty drugs has been witnessed since the recent past, which is a key trend influencing adoption of carboxymethyl cellulose. Specialty drugs have revolutionized the medicines, aiding improvement in survival and life quality of chronic disease-affected patients.

Approximately half of new FDA-approved drugs are currently deemed as specialty pharmaceuticals. The FDA has further approved carboxymethyl cellulose application as a disintegrant in pharmaceuticals, as CMC enhances effect of medicines by improving their dissolving capability.

Fact.MR projects the carboxymethyl cellulose market is expected to witness exhibiting growth at 5.1% CAGR during 2022 and 2032 in comparison to a CAGR of 3.5% with which it grew from 2017 and 2021.

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3D Bio-printability of Carboxymethyl Cellulose-based Hydrogel will Augur Well for the Market Growth

Hydrogels have sought extensive applications in biomedical engineering, such as drug delivery agents, antibacterial, wound dressing, and tissue engineering. Natural hydrogels are considered as scaffold material in light of their bio-compatibility. However, mechanical integrity of hydrogels, particularly in 3D scaffold architecture, prevails as a key challenge. 3D bio-printing has emerged as a revolutionary technology for in vitro reproduction of 3D functional living tissue scaffold via controlled layer-by-layer biomaterial deposition, coupled with high-precision cell positioning.

Researchers from the Pharmaceutical Sciences Department, and Industrial and Manufacturing Engineering Department of North Dakota State University, have developed a novel hybrid hydrogel – sodium alginate integrated with carboxymethyl cellulose – which has demonstrated high effectiveness in 3D bio-printing application. For fabricating functional tissue scaffold on a large scale, this hybrid hydrogel is considered to be a potential biomaterial for use in 3D bio-printing process.

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Competitive landscape highlights only certain players
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Inclining Preference toward Carboxymethyl as Stabilizing Agent in Food & Beverages – A Key Trend

Carboxymethyl cellulose has been used in several frozen food & beverages as a stabilizing agent and viscosity improving agent. Finished wines and ice creams are key application areas for CMC, as it deprives the need for salt ice mixers, thereby trimming the cost of ice cream production, and it saves processing time & energy by preventing formation of the potassium bi-tartrate crystals in finished wines.

Carboxymethyl cellulose’s foray as cold stabilizers in food & beverages has proved to be a monetary boon for manufacturers, by eliminating the use of expensive cold stabilizers. Carboxymethyl cellulose also seeks adoption as stabilizing agent during the production of metal nanoparticles, which are used in various applications such as ice packs for retaining lower freezing point.

Application of carboxymethyl cellulose as stabilizing agent has curtailed the production cost and consumption of its expensive cooling counterparts, which in turn is expected to bode well for growth of the carboxymethyl cellulose market in the forthcoming years.

Adverse Reaction on Exposure to Restrain Carboxymethyl Cellulose Market Growth

Carboxymethyl cellulose can lead to severe health impact leading to inflammation, metabolic syndromes related to microbiota and colitis. It can also cause gut inflammation by altering bacteria and can also trigger Crohn’s disease and ulcerative colitis. Thus, all the above listed factors are likely to restrain carboxymethyl cellulose market growth by 0.6X during the forecast period of 2022-2032.

Competitive Landscape: Top Companies in Carboxymethyl Cellulose Market

The global carboxymethyl cellulose market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of carboxymethyl cellulose.

Fact.MR has provided detailed information about price points of key manufacturers in carboxymethyl cellulose market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • The personal care business of Schulke & Mayr GmbH was acquired by Ashland Global Holdings Inc. in 2021. This acquisition will strengthen the consumer business portfolio and will aid in the expansion of biotechnology and microbiology technical competencies of the company
  • J.M Huber Corporation in 2019 announced an agreement to acquire a division of Industrial Group Holdings LLC i.e. Miller Chemical & Fertilizer, LLC. This acquisition will aid in building the product portfolio from small to medium sized businesses in mineral and chemical markets

Global Carboxymethyl Cellulose Market by Category

  • By Purity Level, Global Carboxymethyl Cellulose Market is segmented as:

    • 99.9%
    • 99.5%
    • Others
  • By Property, Global Carboxymethyl Cellulose Market is segmented as:

    • Thickening Agent
    • Stabilizer
    • Binder
    • Lubricator
    • Emulsifier
    • Others
  • By Application, Global Carboxymethyl Cellulose Market is segmented as:

    • Food & Beverages
    • Oil & Refining
    • Pharmaceuticals
    • Paint & Textile
    • Cosmetics & Personal Care
    • Paper Coating & Household Care
    • Others
  • By Region, Global Carboxymethyl Cellulose Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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The global value of carboxymethyl cellulose market is estimated to be worth over USD 1,674.3 Million in 2022.

The demand is anticipated to surpass USD 2,766.4 Million by 2032 end.

During 2017-2021, global carboxymethyl cellulose market grew at 3.5% CAGR.

Some of the prominent players in carboxymethyl cellulose market are J.M Huber Corporation, Ashland Global Holdings Inc., Quimica Amtex y Amtex Chemicals LLC, Changzhou Science & Technology Co., etc.

North America tops the global carboxymethyl cellulose market accounting for 32.8% of global market share in 2022.

Stabilizer segment under the property segment contributes 33.4% of market share in global sales of carboxymethyl cellulose.

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