Carboxymethyl cellulose is a derivative of cellulose and it holds a major share in all cellulose and cellulose derivatives market. The major industrial method of producing carboxymethyl cellulose is by interacting alkali cellulose and monochloroacetic acid in the presence of caustic soda. Applications of carboxymethyl cellulose include oil and gas industry, sylvinite ore floatation, textiles, detergents, pharmaceuticals, water-soluble cellulose, paper industry, flocculent for waste water remedy, manufacturing of welding electrodes, artificial leather production and food industry.
Carboxymethyl cellulose has a large market and has seen a decent growth rate in past few years. This trend of growth is expected to continue over the coming years. Presently, APAC is the largest market and also the fastest growing market. In terms of size, North America and Europe follow APAC based on consumption. Largest demand for carboxymethyl cellulose in APAC is from China and India. APAC also has larger number of carboxymethyl cellulose producers than other regions in the world.
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Food and beverages is the fastest growing carboxymethyl cellulose market end-user segment. Use of carboxymethyl cellulose in food industry is being driven by increasing number of health conscious population and increase in demand for food with low fat. It acts as an agent for moisture preservation in dry products, agent for thickening in semisolid and liquid foods and agent for shelf life enhancing in frozen products.
Some of the major players in this industry are Dow Chemical Company, BASF, Ashland Aqualon Functional Ingredient, Akzo Nobel, Samsung Fine Chemicals, Shin Etsu Chemical Co. Ltd, Ronas Chemicals, Sinocmc Co. Ltd., China Jinhanjiang Cellulose Co. Ltd., Sichem LLC, Wolff Walsrode AG, Zhejiang Kehong Chemical Co. Ltd and others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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