The carboxymethyl cellulose market is expected to grow at a CAGR of 6% during the forecast period. Demand from food industry, drivers.2, and drivers.3 are some of the significant factors fueling carboxymethyl cellulose market growth.
Demand from food industry
Market definition
CMC is one of the most important derivatives of cellulose ether, which is known for thickening, binding, and stabilizing. It is used to avoid the formation of ice crystals and prevents the layering of beverages. It is also used to enhance the taste of food and beverages.
CMC is used for its properties in various applications such as food and beverages, pharmaceuticals, cosmetics, oil and gas, paints and detergents., It is used in drilling muds in the oil and gas industry. There is an increasing demand for CMC with the growth in the oil and gas industry. It is preferred by manufacturers as it is cost-effective and helps in the reduction of the cost of end-products.
Objectives
To provide actionable intelligence alongside the market size of various segments
To detail the major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues)
To determine the geographic breakdown of the market in terms of detailed analysis and impact
To analyze business dimensions with an eye on individual growth trends and the contribution of upcoming market segments
To track the competitive landscape of the market
Notes and caveats
Market size has been derived based on demand.
Market forecast does not take inflation into consideration.
Selling price has been considered for market analysis. Selling price refers to the price at which manufacturers or service providers sell their products or services.
For readability, all figures have been rounded off (as necessary).
Vendors are identified based on their market dominance in terms of experience, product portfolio, net sales, and geographic location.
Others of application segment include detergents, mining, ceramics, paints, and adhesives.
