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Carboxymethyl Cellulose (CMC) Market Size, Share & COVID-19 Impact Analysis, By Application (Food & Beverages, Oilfield, Paper & Pulp, Detergents, Coatings, and Others), and Regional Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI102166

 

KEY MARKET INSIGHTS

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The global carboxymethyl cellulose market size was USD 1.60 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with product/service witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a decline of 2.76% in 2020. The market is projected to grow from USD 1.67 billion in 2021 to USD 2.23 billion in 2028 at a CAGR of 4.2% during the 2021-2028 period. The sudden decline in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.


Carboxymethyl cellulose is a derivative synthesized from plant-derived cellulose, monochloroacetic acid, and caustic soda. It is also called cellulose gum. The global market is projected to growth significantly owing to the rising demand from food and pharmaceutical applications. Increasing demand for stabilizing agents in the food and beverages industry is boosting CMC’s demand. Moreover, increasing demand from other food applications like thickeners, suspension agents, and bulking agents will contribute positively to the market.


COVID-19 Pandemic: Disruption in Food Supply Activities to Impede Market Growth


The COVID-19 pandemic had serious negative effects on the global economy. The food supply chain is considered one of the major sectors of the economy, and it has been observed that the pandemic has an impact on the whole process of the field to consumers. The food sector's production, distribution, and supply have been severely disrupted, which is now a considerable concern. Movement restriction of the employees, government norms, restricted food trade activities, changes in consumer demand, and the financial pressure due to temporary halt in production and supply activities affected the market. Despite the unparalleled demand during the pandemic and disruption of supply and distribution, food chain actors like farmers, suppliers, distributors, and retailers worked hard to limit the impact of the crisis.


The movement restriction and other government norms have certainly increased the demand for packaged and ready-to-cook food products. Concerns regarding food availability and safety during the pandemic's beginning resulted in enormous demand for food products, including primary foodstuff, convenience food, and secondary processed food. This factor resulted in a rise in demand for food stabilizers, thickening agents, and other ingredients used in food processing, further driving the market.


LATEST TRENDS


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Increasing Demand for Gluten-free Food products to Foster Market Development


Carboxymethyl cellulose is a sodium salt derived from cellulose. Attributed to its thickening and stabilizing properties, it is highly employed in gluten-free baking. CMC provides dough with the viscosity and volume to form a good bread originally provided by gluten. Several people suffer from gluten intolerance or allergy, which can further cause celiac diseases. Increasing awareness regarding gluten intolerance and the adoption of gluten-free products and foods is a prime factor that could serve as an opportunity for the market.


Moreover, gluten-free choices are considered healthier food choices that can aid in weight loss. According to an article published by a food business magazine, 24% of the people from 22 countries stated that they avoided gluten in their diet, and 25% of the population are extremely cautious about gluten intolerance. This factor is expected to boost demand for gluten-free products, further driving the market.


DRIVING FACTORS


Increasing Demand for Food Additives to Propel Market Growth.


Carboxymethyl cellulose is anticipated to experience significant growth attributed to the strong demand from the food sector. Increasing demand for food additives like thickening agents, stabilizers, and viscosity modifying agents is one of the major factors driving the market. For instance, CMC powder is used in ice cream production. The addition of CMCX eliminates the use of churners and salt ice mixes that are significantly used in making ice cream. Moreover, increasing demand for ready-to-cook and ready-to-eat products like premixes, bakery products, instant noodles, meat products, sauces, quick-frozen food, and other products is surging the demand for carboxymethyl cellulose.


Furthermore, CMC is a fat replacer and therefore is widely employed in making gluten-free and reduced-fat foods. Increasing awareness among consumers regarding the potential negative effects of gluten and fat consumption is driving the demand for gluten and fat-free food products. This factor is driving the demand for carboxymethyl cellulose.


Growing demand for Detergent Manufacturing to Drive Market Progress


Sodium derivative of carboxymethyl cellulose is highly employed in manufacturing detergents attributed to its exceptional anti-soil redepositing property. It also serves as a particle suspender, color retention agent, homogenizer, stabilizer, and skin and texture protector in detergents. The excellent thickening, emulsifying and dispersing effect absorbs the oil and dirt and prevents the oil from contacting the washed surfaces. The high demand for detergents and cleaning products due to their exceptional properties is likely to drive market growth.


RESTRAINING FACTORS


Adverse Reaction on Exposure May Hamper the Market


Carboxymethyl cellulose can have a severe effect on health. Effects of inflammation, metabolic syndromes related to microbiota, and colitis are considered potential effects of CMC. It can also alter bacteria, cause gut inflammation and is also determined to be the triggering factor for Crohn’s disease and ulcerative colitis. This factor is expected to limit the market growth.


SEGMENTATION


By Application Analysis


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Food & Beverages Market Segment to Lead the Market Owing to Increasing Population


On the basis of application, the market is fragmented into food & beverages, oilfield, paper & pulp, detergents, coatings, and others. The food & beverages segment constituted more than 30% of the market share. The demand for packaged food products, instant noodles, ready-to-cook, and gluten-free products is expected to grow. Besides, the rising demand for detergents due to sodium carboxymethyl cellulose's exceptional properties shall foster market growth. Furthermore, the adoption of CMC in oil drilling activities as a thickening agent for water retention in drilling mud is another segment experiencing growth.


REGIONAL INSIGHTS


Asia Pacific Carboxymethyl Cellulose (CMC) Market Size, 2020 (USD Billion)

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The market size in Asia Pacific stood at USD 0.69 billion in 2020. Increasing demand for convenience food products, secondary and tertiary processed food products attributed to the population in countries such as China, India, Malaysia, Indonesia, Bangladesh, and others is expected to drive the regional growth. Moreover, a large manufacturing base for crude oil is another factor driving regional growth.


North America is one of the largest oil drilling regions. The presence of a large manufacturing base for oil drilling fluids attributed to huge oil reserves is expected to boost the demand for carboxymethyl cellulose, an important thickening additive used on oilfield chemicals. Furthermore, increasing awareness among consumers regarding the health benefits of gluten-free products is fostering the demand for food-grade CMC.


Europe is expected to show considerable growth due to CMC's increasing demand from the paper & pulp sector. For instance, according to the Confederation of European Paper Industries, Europe will produce 85.1 million tonnes of paper in 2020. Additionally, the presence of manufacturers such as Nouryon and Lamberti S.P.A is expected to drive the market growth.


An increase in disposable income results in the rise in expenditure on gluten-free and fat-free products, which are relatively higher in cost. Increasing demand for such products from developing countries like Brazil, Colombia, Argentina, and others is likely to drive the market.


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Increasing demand for detergents and oil drilling fluid from the large crude oil extraction sector in the Middle East is expected to drive the market. Increasing oil drilling activities in response to the increasing demand for crude oil and petroleum products worldwide is anticipated to drive the regional demand.


KEY INDUSTRY PLAYERS


Market Leaders to Engage in Various Strategies to Widen their Market Presence


Leading players such as DKS Co, Ltd., Nouryon, The Dow Chemical Company, Nippon Paper Industries Co. Ltd, Ashland Inc. hold a significant share in the market.


In order to enhance their market presence, these market players acquire various strategies and make alliance with different companies.


LIST OF KEY PLAYERS PROFILED:



  • CP Kelco U.S., Inc (California, U.S.)

  • Nippon Paper Industries Co. Ltd (Tokyo, Japan)

  • Ashland Inc. (Delaware, U.S.)

  • Dow Chemical Company (Michigan, U.S.)

  • Lamberti S.P.A (Gallarate, Italy)

  • DKS Co. Ltd (Kyoto, Japan)

  • Química Amtex S.A. (Medellin, Colombia)

  • Nouryon (Amsterdam, Netherlands)


KEY INDUSTRY DEVELOPMENTS:



  • June 2020 – Nouryon Completed the acquisition of CMC business with J.M Huber Corporation, further accelerating sustainable growth in the regional market.

  • March 2019 – Nippon paper, a global manufacturer for cellulose and paper products, declared the construction of a new manufacturing facility to manufacture carboxymethyl cellulose, a functional cellulose product, at the Gotsu Mill.


REPORT COVERAGE


An Infographic Representation of Carboxymethyl Cellulose Market

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The global carboxymethyl cellulose market research report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, products, and raw materials. Also, the report offers insights into market trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses various factors contributing to the market's growth in recent years.


This report includes historical data & forecasts revenue growth at global, regional, and country levels and analyzes the industry's latest market dynamics and opportunities.


Report Scope & Segmentation














































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Estimated Year



 2021



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion) and Volume (Kilo Tons)



Segmentation



Application; and By Region



By Application




  • Food & Beverages

  • Oilfield

  • Paper & Pulp

  • Detergent

  • Coatings

  • Others



By Region




  • North America (By Type, By Application)

    • The U.S. (By Application)

    • Canada (By Application)



  • Europe

    • Germany (By Application)

    • UK (By Application)

    • France (By Application)

    • Italy (By Application)

    • Rest of Europe (By Application)



  • Asia Pacific

    • China (By Application)

    • Japan (By Application)

    • India (By Application)

    • ASEAN (By Application)

    • Rest of Asia Pacific (By Application)



  • Latin America

    • Brazil (By Application)

    • Mexico (By Application)

    • Rest of Latin America (By Application)



  • Middle East & Africa

    • GCC (By Application)

    • South Africa (By Application)

    • Rest of the Middle East & Africa (By Application)





Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 1.60 billion in 2020 and is projected to reach USD 2.23 billion by 2028.

In 2020, the Asia Pacific market size stood at USD 0.69 billion.

Growing at a CAGR of 4.2%, the market will exhibit steady growth during the forecast period (2021-2028).

The food & beverages segment is expected to be the leading segment in this market during the forecast period.

Increasing demand from the food & beverages sector to propel market growth.

DKS Co, Ltd., Nouryon, The Dow Chemical Company, Nippon Paper Industries Co. Ltd, and Ashland Inc. are major players in the global market.

Asia Pacific dominated the market share in 2020.

Increasing demand for gluten-free products is expected to drive the adoption of CMC products.

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Carboxymethyl Cellulose Market Size, Share and Global Industry Trend Forecast till 2026
  • Dec, 2021
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  • 2017-2019
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